Finance news

• Tesla enters into $500 mln credit facility

  12-06-2015 23:55
  June 12 (Reuters) - Electric car maker Tesla Motors Inc said on Friday that along with its subsidiary, Tesla Motors Netherlands B.V., it had entered into a $500 million senior secured asset-based...
  
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• U.S. says China investment treaty would be important step

  12-06-2015 23:53 via news.yahoo.com
  
  WASHINGTON (Reuters) - The United States and China exchanged initial offers on exceptions to an investment treaty, a spokeswoman for the U.S. Trade Representative said on Friday. "A successful treaty would be a significant step forward in our bilateral economic relationship," she said. (Reporting by Krista Hughes; Editing by Sandra Maler)
  
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• Corinthian Colleges exec grilled as creditors hunt for cash

  12-06-2015 23:26
  WILMINGTON, Del., June 12 (Reuters) - A top executive of bankrupt Corinthian Colleges Inc on Friday detailed the for-profit higher education company's executive pay and recent financial dealings, as...
  
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• Kerry says will be 'totally engaged' in Iran talks, plans to travel

  12-06-2015 23:25 via news.yahoo.com
  
  Secretary of State John Kerry, emerging from a Boston hospital after treatment for a broken leg, said on Friday he will be "totally engaged" in the talks to finalize an Iran nuclear deal and planned soon to travel to the negotiations. Kerry said he plans to travel to join the talks after the June 22-24 strategic and economic dialogue talks with China in Washington.
  
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• CANADA FX DEBT-C$ dips as oil softens, but up on the week

  12-06-2015 22:59
  (Adds details, comment, closing figures) * Canadian dollar at C$1.2311, or 81.23 U.S. cents * Bond prices mixed across the maturity curve By Andrea Hopkins TORONTO, June 12 (Reuters) - The Canadian...
  
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• GLOBAL MARKETS-Shares drop on Greece uncertainty, rate hike anticipation

  12-06-2015 22:44
  * U.S. stocks fall on Greece, ahead of Fed meeting (Updates with U.S. market close; adds commentary)
  
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• UPDATE 2-SEC seeks public feedback to inform policy for exchange-traded products

  12-06-2015 22:39
  WASHINGTON, June 12 (Reuters) - U.S. securities regulators are asking the public to weigh in on how new and novel exchange-traded products should be listed, marketed and traded, as part of an effort...
  
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• Greek jitters upset US, European stock markets

  12-06-2015 22:38 via news.yahoo.com
  
  NEW YORK (AP) — A setback in talks between Greece and its creditors helped knock the stock market lower on Friday, amid renewed concerns that the country could default on its debts.
  
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• Members of Brazil ruling party seek higher taxes on banks -report

  12-06-2015 22:35
  SAO PAULO, June 12 (Reuters) - Lawmakers from Brazil's ruling party plan to introduce amendments to a draft bill that would increase taxes on commercial banks, citing the need to raise revenues to...
  
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• Wall Street falls as Greece crisis unresolved; energy shares dip

  12-06-2015 22:31 via news.yahoo.com
  
  Upbeat consumer sentiment and other data added to views the economy may be regaining momentum, which increased anxiety for investors ahead of next week's Federal Open Market Committee meeting, the U.S. central bank's last meeting before September. Also of concern, a day after the International Monetary Fund quit bailout talks with Greece, EU officials said they had held their first formal discussions on the worst-case scenario for the country. The Dow Jones industrial average fell 140.
  
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• UPDATE 1-IMF says could lend to Ukraine even if it can't service its debts

  12-06-2015 22:21
  WASHINGTON, June 12 (Reuters) - The head of the International Monetary Fund said on Friday that the global lender could continue to lend to Ukraine even if talks over restructuring Kiev's debt fail...
  
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• Wall Street falls as Greek talks hit stalemate

  12-06-2015 22:08 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks fell on Friday as Greek debt talks hit a stalemate and as concern over how soon the Federal Reserve might raise interest rates kept investors cautious.
  
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• Corporate debt issuers defaulting at fastest pace since 2009 - S&P

  12-06-2015 21:40 via news.yahoo.com
  
  By Daniel Bases NEW YORK (Reuters) - Global corporate bond defaults are running at their fastest pace, year-to-date, since 2009, Standard & Poor's said in a study published on Friday. In 2014 there were 60 corporate defaults in total. "We have clearly hit a fair amount of volatility in the market right now," Diane Vazza, head of global fixed income research at Standard & Poor's in New York, told Reuters.
  
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• EU, Mexico agree to 'modernise' free trade deal

  12-06-2015 21:04 via news.yahoo.com
  
  The European Union and Mexico agreed Friday to "modernise" a 15-year-old free trade accord to bring it into line with deals concluded with Canada and negotiated with the United States. The agreement to launch negotiations to further liberalise trade came during a summit in Brussels between Mexican President Enrique Pena Nieto and his EU counterparts Donald Tusk and Jean-Claude Juncker. "We have to adapt our ties to the reality of the world economy and increase bilateral trade with
  
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• Exclusive: Alzheimer's group may scrap early look at highly sought Lilly data

  12-06-2015 20:56 via news.yahoo.com
  
  Shares of Lilly have jumped 7 percent this week, largely on Wall Street expectations that favorable long-term effectiveness data could emerge from the study of solanezumab, an injectable drug with potential to become the first approved treatment to delay progression of Alzheimer's. A spokesman for the Alzheimer's Association told Reuters on Thursday that the abstracts, summaries of clinical trial data to be presented at the meeting, could be posted within a few days on a special websit
  
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• Wall Street falls as Greece crisis unresolved; energy shares drop

  12-06-2015 20:54 via news.yahoo.com
  
  The energy index , down 1.3 percent, led the declines in the S&P 500 as oil prices fell for the second day in a row. Upbeat consumer sentiment and other data added to views the economy may be regaining momentum, which increased anxiety for investors ahead of next week's Fed Open Market Committee meeting, the central bank's last meeting before September. Adding to cautiousness a day after the International Monetary Fund quit bailout talks with Greece, EU officials said they had held
  
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• Ratings agency S&P downgrades U.K. debt outlook over EU referendum plan

  12-06-2015 20:47 via news.yahoo.com
  
  Britain has been threatened with losing its triple A grade with Standard & Poor's, after the ratings agency was critical of a plan to hold a referendum on the country's membership of the European Union. Standard & Poor's has downgraded its outlook on the U.K.'s sovereign rating to "negative" and has warned it could lower its credit rating in the next two years. "We believe that the U.K. government's decision to hold a referendum on EU membership by 2017 indicates that economic policymaking could
  
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• Texas chicken-wing chain Wingstop takes flight in debut

  12-06-2015 20:32
  
  (Reuters) - Shares of Wingstop Inc , a Dallas-based chicken wing restaurant chain, rose nearly 70 percent in their market debut on Friday, valuing the company at $914 million.
  
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• UPDATE 2-Texas chicken-wing chain Wingstop takes flight in debut

  12-06-2015 20:28
  * Shares rise 70 percent, valuing company at as much as $914 mln
  
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• BlackRock to buy Mexican fund tied to scandal-hit contractor

  12-06-2015 20:23
  MEXICO CITY (Reuters) - BlackRock Inc , the world's largest asset manager, has agreed to buy a Mexican infrastructure investment fund that financed projects for a contractor at the center of a...
  
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• S&P puts negative outlook on Britain's top AAA rating over EU referendum

  12-06-2015 19:49 via news.yahoo.com
  
  Standard & Poor's said Friday it switched to negative the outlook on Britain's top AAA credit rating due to the government's decision to hold a referendum on whether to stay in the European Union. "We believe that the UK government's decision to hold a referendum on EU membership by 2017 indicates that economic policymaking could be at risk of being more exposed to party politics than we had previously anticipated," the credit ratings agency said in a statement.
  
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• CORRECTED-UPDATE 1-Texas chicken-wing chain Wingstop takes flight in debut

  12-06-2015 19:44
  June 12 (Reuters) - Shares of Wingstop Inc, a Dallas-based chicken wing restaurant chain, rose nearly 70 percent in their market debut on Friday, valuing the company at $914 million.
  
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• US stocks lower after setback in Greek debt talks

  12-06-2015 19:39 via news.yahoo.com
  
  NEW YORK (AP) — The U.S. stock market turned lower on Friday as a setback in talks between Greece and its creditors heightened concerns that the country could default on its debts. An unexpected decision by the International Monetary Fund to walk away from talks with Greece spurred the selloff in Europe and America.
  
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• S&P warns Britain over rating amid EU referendum fears

  12-06-2015 19:38 via news.yahoo.com
  
  LONDON (AP) — Standard & Poor's warned Friday that it may downgrade its credit rating on Britain sometime in the next two years following the government's decision to hold a referendum on the country's membership in the European Union.
  
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• BofA banker sees Brazil share sales gaining traction

  12-06-2015 19:26
  SAO PAULO (Reuters) - Activity in Brazil's capital markets, which has been slow this year in the wake of political and economic uncertainty, could gain traction as share offerings begin to recover...
  
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• London close: Stocks end on back foot on Greek debt woes

  12-06-2015 19:17 via news.yahoo.com
  
  The UK stock market ended on the back foot on Friday as concerns about ongoing Greek debt talks continued to weigh on investor sentiment.
  
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• Outflows from energy ETPs continue in May: BlackRock

  12-06-2015 19:16
  
  LONDON (Reuters) - Investors continued to pull money from energy exchange-traded products (ETPs) in May after a rebound in oil prices stumbled as the global supply glut showed no signs of eroding.
  
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• Michigan county selling notes amid possibility of bankruptcy

  12-06-2015 19:07
  June 12 (Reuters) - Michigan's Wayne County plans to sell
  nearly $187 million of general obligation limited-tax notes next
  week, while warning potential investors that it could be headed
  to federal...
  
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• GE says gets EU warning on proposed Alstom power unit buy

  12-06-2015 19:05
  BRUSSELS (Reuters) - General Electricis working on concessions to head off EU concerns that its proposed bid for Alstom'spower unit could reduce competition, the U.S. conglomerate said on Friday...
  
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• UK risks losing last AAA rating as S&P eyes EU exit vote

  12-06-2015 19:04 via news.yahoo.com
  
  By David Milliken LONDON (Reuters) - The only major ratings agency to still give Britain a top-notch credit rating said the country risked a downgrade due to Prime Minister David Cameron's decision to hold a referendum on leaving the European Union. Standard & Poor's lowered the outlook for Britain's triple-A rating to negative from stable on Friday, saying the EU vote "represents a risk to growth prospects for the UK's financial services and export sectors, as well
  
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• S&P cuts outlook for UK rating on EU exit vote

  12-06-2015 18:30 via news.yahoo.com
  
  Ratings agency Standard & Poor's said on Friday that Britain was at increased risk of losing its triple-A credit rating due to Prime Minister David Cameron's decision to hold a referendum on leaving the European Union. S&P, the only major agency to still give Britain a top-notch sovereign rating, said it was lowering the outlook for the country's government debt to "negative" from "stable". "The U.K. government's decision to hold a referendum
  
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• US stocks fall at midday after setback in Greek debt talks

  12-06-2015 18:26 via news.yahoo.com
  
  NEW YORK (AP) — The U.S. stock market fell broadly on Friday as a setback in talks between Greece and its creditors heightened concerns that the country could default on its debts. An unexpected decision by the International Monetary Fund to walk away from talks with Greece spurred the selloff in Europe and America.
  
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• US stocks follow Europe lower after Greek talks stall

  12-06-2015 18:11 via news.yahoo.com
  
  NEW YORK (AP) — The U.S. stock market is falling in midday trading after a setback in talks between Greece and its creditors heightened concerns that the country could default on its debts.
  
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• S&P affirms South Africa's rating, outlook stable

  12-06-2015 18:09 via news.yahoo.com
  
  JOHANNESBURG (Reuters) - Standard & Poor's affirmed South Africa's credit rating on Friday, saying tax increases should limit fiscal risks in the next three years. "We are affirming our long- and short-term foreign currency sovereign credit ratings on South Africa at 'BBB-/A-3'," S&P said in a statement, adding it had kept the outlook stable.
  
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• Britain's FTSE takes a hit from weaker energy stocks and Greece

  12-06-2015 18:07
  * Greek debt jitters hurting market sentiment (Updates with closing prices)
  
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• Iran nuclear talks 'virtually stalled', deadline may be missed: TASS

  12-06-2015 18:04 via news.yahoo.com
  
  Nuclear talks between Iran and six world powers have virtually stalled and a deadline for a final deal may have to be postponed again, Russian news agency TASS quoted a diplomatic source as saying on Friday. Iran and the powers -- the United States, Russia, China, France, Britain and Germany -- reached a framework deal on April 2 in Switzerland and are seeking to strike a broader settlement by June 30 under which Iran would curb its nuclear program in exchange for relief from economic sanctions.
  
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• U.S. consumer confidence jumps; producer prices increase

  12-06-2015 17:58 via news.yahoo.com
  
  U.S. consumer confidence surged in early June on expectations that a tightening labor market would spur big wage raises, which could further stimulate spending and overall economic growth later this year. The rise in sentiment came despite higher gasoline prices, which contributed to producer prices recording their biggest increase in more than 2-1/2 years in May. Strong consumer confidence, together with a tightening labor market, bullish retail sales and firming inflation pressures may provide
  
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• India's inflation rises as factory output quickens

  12-06-2015 17:43 via news.yahoo.com
  
  India's inflation rate rose in line with analysts' expectations as industrial output quickened, official figures showed Friday, the latest data to suggest government reforms were helping to revive economic activity. Analysts said the inflation rise would reduce the chance of a fourth interest-rate cut this year, until at least the end of monsoon rains around September. Reserve Bank of India governor Raghuram Rajan cut the central bank's key borrowing rate by 25 basis points last w
  
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• Wall St. weaker as Greece debt talks hit stalemate

  12-06-2015 17:41 via news.yahoo.com
  
  Greece said it would not cross its "red lines" as it looked to intensify political negotiations for an agreement, saying the International Monetary Fund's move to quit bailout talks was aimed at putting pressure on Athens. Investors were also edgy ahead of the U.S. Federal Reserve's Open Market Committee meeting next week — the central bank's last meeting before September — which may provide clues on the timing of an interest rate hike. Economists and top Wall Street
  
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• Ivory Coast forecasts 2015 GDP growth of 9.4 pct: finmin

  12-06-2015 17:38 via news.yahoo.com
  
  Ivory Coast is forecasting GDP growth of 9.4 percent and an inflation rate of 1.7 percent this year as it continues its post-war economic revival, according to a letter written by the finance ministry to the International Monetary Fund (IMF). The letter of intent, which was part of Ivory Coast's application for an extension of its programme with the IMF, said the government plans to increase investment spending to 18.6 percent of GDP this year from 16.1 percent in 2014. The IMF is forecasti
  
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• Ivory Coast forecasts 2015 GDP growth of 9.4 pct: finance ministry

  12-06-2015 17:31 via news.yahoo.com
  
  ABIDJAN (Reuters) - Ivory Coast is forecasting GDP growth of 9.4 percent and an inflation rate of 1.7 percent this year as it continues its post-war economic revival, according to a letter written by the finance ministry to the International Monetary Fund. Ivory Coast -- French-speaking West Africa's largest economy and the world's top cocoa grower -- recorded growth of 8.5 percent last year, according to the government. It said it plans to increase investment spending to 18.6 percent
  
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• Obama makes personal plea ahead of razor-edge Congress trade vote

  12-06-2015 17:12 via news.yahoo.com
  
  By Krista Hughes and Richard Cowan WASHINGTON (Reuters) - President Barack Obama made a last-ditch personal appeal to congressional Democrats to back his trade agenda on Friday as his goal of strengthening U.S. economic ties with Asia hung in the balance. Hours before divided lawmakers were due to vote on legislation central to his hallmark Pacific Rim trade deal, Obama visited Capitol Hill with Labor Secretary Thomas Perez for the culmination of an intense effort to build support among Democrat
  
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• Shares of Texas chicken-wing chain Wingstop soar in debut

  12-06-2015 16:39
  June 12 (Reuters) - Shares of Wingstop Inc, a Dallas-based chicken wing restaurant chain, rose nearly 70 percent in their market debut on Friday, valuing the company at $914 million.
  
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• Britain's FTSE takes a hit from weaker energy stocks and Greece concerns

  12-06-2015 16:31
  * Greek debt jitters hurting market sentiment (Updates prices)
  
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• Wall St. opens lower as Greek crisis weighs

  12-06-2015 16:27 via news.yahoo.com
  
  Investors were also edgy ahead of the U.S. Federal Reserve's Open Market Committee meeting next week, the central bank's last meeting before September, which may provide clues regarding the timing of an interest rate hike. Economists and top Wall Street banks expect the Fed to raise rates in September, in what could be the central bank's first hike in almost a decade.
  
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• Radicalism spells chaos for Venezuela, says 'Chavismo' defector

  12-06-2015 16:11 via news.yahoo.com
  
  By Andrew Cawthorne and Diego Ore BARQUISIMETO, Venezuela (Reuters) - When state governor Henri Falcon abandoned Venezuela's ruling Socialist Party in 2010 and later joined the opposition, he was pilloried as a "traitor" by former pal and then president Hugo Chavez. Now, it is opposition hardliners who insult him with that same word as Falcon promotes dialogue with Chavez's successor, President Nicolas Maduro, in a bid to ease political hatreds and an economic crisis in the S
  
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• Junior partner quits Bosnian regional government

  12-06-2015 15:38 via news.yahoo.com
  
  By Maja Zuvela SARAJEVO (Reuters) - One of Bosnia's two regional governments was on the verge of collapse on Friday just three months after it was formed, potentially dealing a fresh blow to Western hopes of reform in the former Yugoslav republic. Four ministers of the Democratic Front, the junior partner in the government of Bosnia's autonomous Bosniak-Croat Federation, resigned after the party was overruled in a decision on how to appoint managers to public enterprises. The region's prime mini
  
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• Wall Street opens lower as Greece weighs

  12-06-2015 15:37 via news.yahoo.com
  
  REUTERS - U.S. stocks opened lower on Friday, pressured by a setback in Greek debt talks and increased chances of a rate hike in September as a recovery in the U.S. economy gathers steam. The Dow Jones industrial average fell 55.08 points, or 0.31 percent, to 17,984.29, the S&P 500 lost 6.46 points, or 0.31 percent, to 2,102.4 and the Nasdaq Composite dropped 20.44 points, or 0.4 percent, to 5,062.07. (Reporting by Narottam Medhora in Bengaluru; Editing by Saumyadeb Chakrabarty)
  
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• Wall St. opens lower as Greece weighs

  12-06-2015 15:34 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened lower on Friday, pressured by a setback in Greek debt talks and increased chances of a rate hike in September as a recovery in the U.S. economy gathers steam.
  
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• Razor-edge Congress vote to decide fate of Obama Pacific trade pact

  12-06-2015 15:30 via news.yahoo.com
  
  By Krista Hughes and Richard Cowan WASHINGTON (Reuters) - President Barack Obama plans a last-ditch personal appeal to congressional Democrats to back his trade agenda on Friday as his goal of strengthening U.S. economic ties with Asia hangs in the balance. Hours before divided lawmakers were due to vote on legislation central to his hallmark Pacific Rim trade deal, a Democratic aide said Obama would attend a closed-door meeting of House Democrats, an unusual move which could indicate that the W
  
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