Finance news

• AngloGold in talks to sell part, all of U.S. mine

  12-04-2015 23:47
  NEW YORK, April 12 (Reuters) - Africa's top gold mining company AngloGold Ashanti is entering second-round talks with two potential partners or buyers for its Cripple Creek & Victor (CC&V) mine in...
  
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• IEA sees sharp rise in Iran oil output in 3-5 years post nuclear deal

  12-04-2015 20:06 via news.yahoo.com
  
  World oil markets will not see a significant rise in Iranian supplies for up to five years even if the OPEC member and world powers clinch a final nuclear deal by end-June, Fatih Birol chief economist and future head of International Energy Agency (IEA) said. While the likelihood of an immediate jump in Iranian supplies looks slim, the chance of a steep fall in deliveries from other regions is rising as IEA estimates companies will cut investments by as much as $100 billion in 2015 in oil explor
  
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• Cameron's inheritance tax cut will help only a few - Labour

  12-04-2015 18:05 via news.yahoo.com
  
  By William James LONDON (Reuters) - Prime Minister David Cameron's promise to cut an inheritance tax will help only a few people, his Labour rivals said, with both parties competing on tax and spending plans to win over voters in a May 7 election. The future of Britain's $2.8 trillion (£1.91 trillion) economy lies at the heart of what is expected to be the closest election in decades. Cameron's Conservatives and Labour, led by Ed Miliband, hold starkly different views on how to c
  
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• Italy pins hopes on Milan Expo after corruption, delays

  12-04-2015 17:20 via news.yahoo.com
  
  By James Mackenzie MILAN (Reuters) - Three weeks before the Milan Expo opens on May 1, the site of the showpiece event is still a mass of trucks raising dust and workers in hard hats racing to finish building after delays, graft and cost overruns. Italy has had four different governments in the seven years since Milan was chosen to follow the 2010 Shanghai Expo and has undergone its most severe economic crisis since World War Two. Some 9 million tickets have already been sold, a third of them ou
  
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• Taste of its own medicine? Austerity overshadows Finland vote

  12-04-2015 16:22 via news.yahoo.com
  
  By Jussi Rosendahl and Alistair Scrutton KOTKA, Finland (Reuters) - When Finland's opposition leader and likely new prime minister Juha Sipila warned Finland could be the next Greece, it was an election campaign quip with a serious side - signaling the risks for a country facing a perfect storm of economic woes. Two hours drive Sipila's office in bustling Helsinki, the town of Kotka shows signs of what he means. Around one in five people is unemployed, a rate not far off Greece. Hit by the closu
  
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• Governorship vote extended in Nigeria's oil hub, other states

  12-04-2015 15:07 via news.yahoo.com
  
  By Julia Payne and Tife Owolabi LAGOS/PORT HARCOURT, Nigeria (Reuters) - Voting for Nigeria's powerful state governors was extended on Sunday in several states after ballot box snatching and violence in some districts, particularly in oil hub Rivers state, electoral commission officials said. The 36 governors are among the most influential politicians in Nigeria, Africa's biggest oil producer and economy, with budgets larger than those of small nations. In the presidential poll, Muhammadu Buhari
  
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• BDI industry group sees German growth of 2 percent in 2015

  12-04-2015 12:34 via news.yahoo.com
  
  Germany's BDI industry association is more optimistic about the prospects for Europe's biggest economy than it was three months ago due to cheap oil, strong private consumption and a weak euro, its president said on Sunday. "For this year we expect gross domestic product (GDP) growth of about 2 percent," BDI President Ulrich Grillo told Handelsblatt business daily. While expressing concern about economic developments in Russia and Brazil, Grillo pointed to India, the United S
  
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• Siemens CEO says Russia sales have halved: newspaper

  12-04-2015 11:20 via news.yahoo.com
  
  BERLIN (Reuters) - German industrial group Siemens has seen sales in Russia plunge by about half due to the country's economic demise, Bild am Sonntag reported, citing chief executive Joe Kaeser. Automakers and other companies have been making cuts in Russia in response to effects of the weak rouble, which has been hammered by low oil prices, and Western sanctions imposed over Moscow's role in the Ukraine crisis. ...
  
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• UAE bank NBAD targets Africa, Asia for wealth management growth

  12-04-2015 10:38 via news.yahoo.com
  
  By Stanley Carvalho ABU DHABI (Reuters) - National Bank of Abu Dhabi is seeking to expand its wealth management business in Africa and Asia, as it looks to maintain strong growth at a time when its home region is being impacted by political and economic uncertainty. The largest lender by assets in the United Arab Emirates saw profit and revenue posted by its global wealth unit jump 61 percent and 89 percent year on year respectively in 2014, with revenue surpassing 1 billion dirhams ($272.3 mill
  
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• United States loses sparkle as Europe shows signs of hope

  12-04-2015 10:10 via news.yahoo.com
  
  Investors will cast a wary eye on the latest gauges of the United States' economic health this week, while troubled Europe shows early signs of turning the corner. As finance ministers and central bankers from the Group of 20 top economies gather in Washington, on the sidelines of the International Monetary Fund's Spring meeting, they view a subdued global landscape where even the United States' prospects seem tarnished. European Central Bank President Mario Draghi will be able to
  
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• Greece may have blown best hope of debt deal

  12-04-2015 10:05 via news.yahoo.com
  
  By Paul Taylor BRUSSELS (Reuters) - Even if it survives the next three months teetering on the brink of bankruptcy, Greece may have blown its best chance of a long-term debt deal by alienating its euro zone partners when it most needed their support. Prime Minister Alexis Tsipras' leftist-led government has so thoroughly shattered creditors' trust that solutions which might have been on offer a few weeks ago now seem out of reach. With a public debt equivalent to 175 percent of economi
  
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• Istanbul's financial hub goal hampered by lightweight stock market

  12-04-2015 10:00 via news.yahoo.com
  
  * Istanbul aims to be top-10 financial hub * Equity market has not kept pace with economic growth * Retail investors hit by higher fees * Government needs to encourage savings, IPOs By Birsen Altayli ISTANBUL, April 12 (Reuters) - Turkish President Tayyip Erdogan dreams of transforming Istanbul into a financial hub that can rival Dubai or Singapore, but first he needs to win over would-be investors like Ali Bahcuvan. "I'd rather stay away from the stock market these days," said the 41-year-old i
  
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• MIDEAST STOCKS-Gulf stocks may rise on oil, earnings expectations

  12-04-2015 07:44 via news.yahoo.com
  
  Stronger oil may help Gulf stock markets maintain positive momentum on Sunday. In Saudi Arabia, a report on cement sales may lift some stocks in the sector, and King Salman's decision to replace the health minister could boost healthcare names. Brent crude rose 2.3 percent on Friday and posted a 5.3 percent weekly gain on lowered expectations that an agreement on Iran's nuclear programme would result in a rapid return of more Iranian oil to the market. World equity markets tested record highs on
  
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• A year after ferry disaster, safety concerns persist in South Korea

  12-04-2015 05:05 via news.yahoo.com
  
  By Ju-min Park and Jack Kim SEOUL (Reuters) - Nearly a year after her 16-year-old daughter was among 304 people killed when an overloaded ferry capsized, Park Eun-mi says not much has changed when it comes to safety in South Korea. "Even after what we've been through, I wonder why society doesn't change, and how people so quickly forget," said Park, surrounded in her apartment by photographs of her daughter, who is among nine victims of the ferry disaster whose body has yet t
  
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• Obama says Brazil's Rousseff to visit United States in late June

  12-04-2015 00:19 via news.yahoo.com
  
  U.S. President Barack Obama said on Saturday that Brazil's President Dilma Rousseff will visit Washington on June 30, raising hopes of closer ties that could increase trade between the two biggest economies in the Americas. Obama made the announcement during a meeting between the two leaders on the sidelines of a regional summit in Panama City. The leftist Brazilian leader canceled a state visit to the United States in October 2013, after she was angered by revelations that U.S. spies had t
  
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