Finance news

• Greek PM to hold talks with Merkel, Hollande in Brussels on Wednesday

  06-06-2015 20:17
  ATHENS, June 6 (Reuters) - Greek Prime Minister Alexis Tsipras will hold talks with German Chancellor Angela Merkel and French President Francois Hollande on the sidelines of a summit in Brussels on...
  
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• No transaction fee for Google on mobile phone payments - WSJ

  06-06-2015 20:07 via news.yahoo.com
  
  Google's new mobile phone payment service, Android Pay, will not garner any transaction fees from credit card companies, which may put pressure on competitor Apple to drop or lower its charges, the Wall Street Journal reported. Apple Pay, which launched last year, reached deals with big banks and other credit card issuers to receive 0.15 percent of the value of each credit card transaction, the journal said on Friday. Apple collects a half-cent per purchase on bank debit cards, it said.
  
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• Apollo leads bids for St-Gobain's Verallia: Bloomberg

  06-06-2015 20:05
  PARIS (Reuters) - Buyout firm Apollo Global Management is currently the leading bidder to take over Saint-Gobain's Verallia glass bottle making unit, Bloomberg news agency reported on Saturday.
  
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• EU's Juncker snubs Greek PM after 'absurd' debt deal rebuff

  06-06-2015 19:59 via news.yahoo.com
  
  By Jan Strupczewski and Lefteris Papadimas BRUSSELS/ATHENS (Reuters) - The European Union's chief executive declined to speak to Greek Prime Minister Alexis Tsipras on Saturday after the leftist leader rejected as "absurd" international creditors' terms for a cash-for-reform deal to keep his country from default. An EU official said European Commission President Jean-Claude Juncker, who has tried to bridge the gap between Athens and its lenders, refused to take a telephone ca
  
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• WRAPUP 2-EU's Juncker snubs Greek PM after "absurd" debt deal rebuff

  06-06-2015 19:53
  * Greece denies report, says Tsipras spoke to Merkel/Hollande
  
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• Greek, German, French leaders holding call over Greek debt stand-off

  06-06-2015 19:37
  ATHENS, June 6 (Reuters) - The leaders of Germany, France and Greece were holding a conference call on Saturday to discuss the state of negotiations over a cash-for-reforms deal for Athens.
  
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• Greece denies report that Juncker declined to take call from Tsipras

  06-06-2015 18:51
  ATHENS, June 6 (Reuters) - A Greek government official on Saturday denied a media report that European Commission President Jean-Claude Juncker had declined to take a phone call from Greek President...
  
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• French PM Valls promises to pursue reforms to boost growth

  06-06-2015 18:49 via news.yahoo.com
  
  French Prime Minister Manuel Valls said on Saturday his government would press ahead with a program of reforms to boost fragile economic growth, and accused some business leaders of fuelling anxiety. Valls told his Socialist Party's congress in Poitiers that it remained his top priority to reduce unemployment, which is stuck above 10 percent and rose further in April to a record 3.54 million people. "There's this painful paradox of a return to growth without a drop in the number o
  
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• French finance minister says Greek pension cut negotiable

  06-06-2015 18:39
  POITIERS, France, June 6 (Reuters) - France's finance minister said on Saturday a cash-for-reform proposal from international creditors rejected by Greece was negotiable and Athens should offer an...
  
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• UPDATE 1-India, Bangladesh sign historic land boundary agreement

  06-06-2015 18:28
  DHAKA, June 6 (Reuters) - India and Bangladesh signed an agreement on Saturday to simplify their 4,000-km (2,500-mile) border and clarify the identities of 52,000 living in enclaves, over four...
  
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• French PM Valls vows to pursue reforms to boost growth

  06-06-2015 17:26 via news.yahoo.com
  
  French Prime Minister Manuel Valls said his government would press ahead with a program of reforms in an effort to boost the country's fragile economic growth and accused some business leaders of fueling anxiety. Valls told his Socialist Party's congress in Poitiers on Saturday that it remained his top priority to reduce unemployment, which remains above 10 percent and rose further in April to a fresh record of 3.54 million people. "There's this painful paradox of a return to
  
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• For many in US, more jobs don't mean more financial security

  06-06-2015 17:06 via news.yahoo.com
  
  WASHINGTON (AP) — The U.S. economy is churning out a lot of jobs these days but not a lot of financial security for many of the people who hold them.
  
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• German No 2 tells Greece that Europe has hit its limits

  06-06-2015 16:37
  BERLIN, June 6 (Reuters) - German Vice Chancellor Sigmar Gabriel warned Greece in a newspaper interview on Saturday there was no more wiggle room in negotiations on a cash-for-reforms deal.
  
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• EU's Juncker declines Tsipras phone call as promised proposals missing

  06-06-2015 16:30
  BRUSSELS, June 6 (Reuters) - European Commission President Jean-Claude Juncker declined on Saturday to take a phone call from Greek Prime Minister Alexis Tsipras because Athens has not yet sent in...
  
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• Greece to resume debt talks after Tspiras rejects 'absurd' terms

  06-06-2015 16:26 via news.yahoo.com
  
  By Lefteris Papadimas and Paul Taylor ATHENS/GARMISCH-PARTENKIRCHEN, Germany (Reuters) - Greek Prime Minister Alexis Tsipras will resume talks with euro zone lenders in Brussels next week after telling parliament he rejected the creditors' "absurd" terms for a cash-for-reform deal to keep his country from default. The unresolved Greek debt impasse, which is weighing on financial markets and could hit global economic recovery, will hang over a Group of Seven leaders' summit in
  
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• UPDATE 1-South African Treasury says power constraints getting government attention

  06-06-2015 15:19
  JOHANNESBURG, June 6 (Reuters) - South Africa's National Treasury said on Saturday electricity supply constraints were getting government attention at the highest level after rating agency Fitch said...
  
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• South African Treasury says power constraints getting government attention

  06-06-2015 15:11 via news.yahoo.com
  
  JOHANNESBURG (Reuters) - South Africa's National Treasury said on Saturday electricity supply constraints were getting government attention at the highest level after rating agency Fitch affirmed its BBB rating but said an unstable power supply had led it to cut growth forecasts. Fitch warned that the negative outlook for Africa's most advanced but ailing economy reflected risk factors including weak GDP growth and a failure to reduce the budget deficit and stabilise the government deb
  
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• Greek officials play down snap election option in debt stand off

  06-06-2015 14:56
  * Poll shows more Greeks want a compromise than those who don't
  
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• China, Japan hold finance talks stalled amid tensions

  06-06-2015 11:53 via news.yahoo.com
  
  BEIJING (AP) — Chinese and Japanese finance ministers held talks Saturday to deepen economic cooperation that had been delayed for about two years over strained relations between the Asian giants.
  
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• Fitch affirms S.Africa rating; weak growth and govt debt a risk

  06-06-2015 10:45 via news.yahoo.com
  
  Fitch affirmed its BBB rating with a negative outlook for South Africa on Friday, saying an inadequate and unstable electricity supply, had led it to cut economic growth forecasts for this year and the next. In a statement, Fitch said the negative outlook reflected risk factors including weak GDP growth and a failure to reduce the budget deficit and stabilise the government debt/GDP ratio "that may, individually or collectively, result in a downgrade". "Fitch's sensitivity analysis does not curr
  
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• DIARY- Emerging Markets Economic Events to June 18

  06-06-2015 06:02
  ** This Diary is filed daily *** -------------------------------------------------------------
  
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• UPDATE 1-Google to release monthly data on self-driving car accidents

  06-06-2015 03:46
  June 5 (Reuters) - Google Inc said it would give monthly updates of accidents involving its driverless cars.
  
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• CORRECTED-Google to release monthly data on self-driving car accidents

  06-06-2015 03:42
  June 5 (Reuters) - Google Inc said it would give monthly updates of accidents involving its driverless cars.
  
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• UPDATE 3-Argentina must pay 'me-too' claims for $5.4 bln - U.S. judge

  06-06-2015 03:40
  NEW YORK, June 5 (Reuters) - Argentina must pay $5.4 billion to more than 500 "me-too" holders of defaulted debt before it can pay the majority of its creditors, a U.S. judge ruled on Friday, adding...
  
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• Argentina says will appeal U.S. 'me too' court decision

  06-06-2015 03:24
  BUENOS AIRES, June 5 (Reuters) - Argentina's economy ministry issued a statement on Friday saying it will appeal a U.S. court decision made earlier in the day that ordered the country to pay $5.4...
  
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• DIARY- Top Economic Events to June 18

  06-06-2015 02:01
  ** This Diary is filed daily ** -----------------------------------------------------------
  
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• Wal-Mart says staff turnover down after hike in minimum pay

  06-06-2015 01:48
  June 5 (Reuters) - Wal-Mart Stores has been losing fewer workers to turnover since it raised its minimum wage in April, the retailer's chief executive said on Friday, the first time it has reported a...
  
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• Kansas may furlough 7,000 workers due to revenue shortage

  06-06-2015 01:33
  KANSAS CITY, Kan., June 5 (Reuters) - More than 7,000 state employees in Kansas would be furloughed on Monday if state lawmakers cannot agree on a new annual budget by midnight on Saturday, state...
  
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• UPDATE 2-Argentina must pay 'me-too' claims for $5.4 bln - U.S. judge

  06-06-2015 01:28
  NEW YORK, June 5 (Reuters) - Argentina must pay $5.4 billion to more than 500 "me-too" holders of defaulted debt before it can pay the majority of its creditors, a U.S. judge ruled on Friday, adding...
  
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• Brazil billionaire Lemann studies bid for Diageo: report

  06-06-2015 01:26
  BRASILIA (Reuters) - Brazilian billionaire Jorge Paulo Lemann and his partners in private equity firm 3G Capital are considering a potential bid for Diageo PLC, the world's largest producer of...
  
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• RPT-Britain's Cameron to seek G7 action to fight corruption

  06-06-2015 01:22
  LONDON, June 6 (Reuters) - British Prime Minister David Cameron will tell G7 leaders on Sunday that FIFA's corruption scandal offers an opportunity to tackle the broader "cancer" of corruption...
  
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• UPDATE 1-Huntington Ingalls wins $4.3 bln in U.S. Navy carrier deals

  06-06-2015 00:56
  WASHINGTON, June 5 (Reuters) - Huntington Ingalls Industries Inc on Friday won two contracts worth a combined $4.3 billion to complete design work and construction of the USS John F. Kennedy aircraft...
  
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• UPDATE 1-Argentina must pay 'me-too' claims for $5.4 bln - U.S. judge

  06-06-2015 00:50
  NEW YORK, June 5 (Reuters) - Argentina must pay $5.4 billion to more than 500 "me-too" holders of defaulted debt before it can pay the majority of its creditors, a U.S. judge ruled on Friday, in...
  
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• IMF plans $833 mn in emergency aid to Iraq

  06-06-2015 00:48 via news.yahoo.com
  
  The International Monetary Fund said Friday it was preparing $833 million in emergency financial assistance to Iraq as the country battles the Islamic State insurgency. The IMF said a mission had agreed on the aid with the Iraqi government under the Fund's Rapid Financing Instrument program, subject to IMF management approval, which is likely to come in July. "The Fund is ready to assist Iraq in its efforts to tackle the economic impact of the conflict with ISIS (Islamic State) and the
  
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• Spanish anti-austerity party Podemos presents policies to IMF

  06-06-2015 00:44 via news.yahoo.com
  
  Spain's new anti-austerity party Podemos on Friday presented its economic proposals to representatives of the International Monetary Fund in Spain, the party said in a statement. "This meeting, which is the result of an IMF request made to Podemos, is part of a series of meetings which the international body is having with Spanish political parties and economic actors during its visit to the country," the statement said. The meetings follows last month's regional and local el
  
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• UPDATE 6-Waltons cement grip on Wal-Mart with new chairman

  06-06-2015 00:41
  FAYETTEVILLE, Arkansas, June 5 (Reuters) - Wal-Mart Stores Inc named the son-in-law of chairman Rob Walton as his successor on Friday, cementing the founding family's influence over the retailer as...
  
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• California teachers pension fund to drop assault weapons maker

  06-06-2015 00:40
  June 5 (Reuters) - The largest teachers pension fund in the world plans to end its indirect investment in Remington Outdoor assault weapon manufacturer after two years of urging for divestment.
  
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• UPDATE 4-Data hacked from U.S. government dates back to 1985 - official

  06-06-2015 00:37
  WASHINGTON, June 5 (Reuters) - Data stolen from U.S. government computers by suspected Chinese hackers included security clearance information and background checks dating back three decades, U.S....
  
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• JPMorgan's Bear wins end to billionaire Wang's lawsuit

  06-06-2015 00:29
  NEW YORK, June 5 (Reuters) - A U.S. federal judge on Friday dismissed a lawsuit in which the wife of California billionaire Roger Wang accused Bear Stearns Cos of duping her and her husband into...
  
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• Argentina must pay "me-too" claims for $5.4 bln -U.S. judge

  06-06-2015 00:18
  NEW YORK, June 5 (Reuters) - A U.S. judge on Friday ruled that Argentina must pay $5.4 billion to more than 500 "me-too" holders of defaulted debt before it can pay the majority of its creditors, in...
  
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• Drone buzzes Southwest flight in Dallas, plane lands safely -FAA

  06-06-2015 00:16
  AUSTIN, Texas, June 5 (Reuters) - A small drone flew within a few hundred feet of a Southwest Airlines flight about a mile from Love Field on Friday as the passenger plane was about to land at the...
  
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• North Dakota refuses to flinch as OPEC keeps output high

  06-06-2015 00:11
  WILLISTON, N.D., June 5 (Reuters) - Oil executives in North Dakota, a center of the U.S. shale revolution, say OPEC made a questionable bet when it decided on Friday to stick with a policy that aims...
  
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• Temasek to invest up to $500 million in Univar: sources

  06-06-2015 00:06
  (Reuters) - Temasek Holdings Pte, Singapore's state-owned investment company, will invest up to $500 million in Univar Inc, valuing North America's largest chemicals distributor at around $6 billion,...
  
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• Temasek to invest up to $500 mln in Univar -sources

  06-06-2015 00:03
  June 5 (Reuters) - Temasek Holdings Pte, Singapore's state-owned investment company, will invest up to $500 million in Univar Inc, valuing North America's largest chemicals distributor at around $6...
  
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