Finance news

• Clinton pitches to working Americans at presidential campaign rally

  13-06-2015 22:20 via news.yahoo.com
  
  In the first major rally of her campaign for the November 2016 presidential election, Clinton touched on many of the issues that energize liberal Democrats. Speaking on New York's Roosevelt Island, with Manhattan's skyscrapers as a backdrop, Clinton promised to "make the economy work for everyday Americans, not just those at the top" if elected president. The former secretary of state praised working families for leading America's economic recovery after the financial crisis of 2008.
  
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• Clinton stakes claim for working-class votes at presidential rally

  13-06-2015 21:29 via news.yahoo.com
  
  By Jonathan Allen NEW YORK (Reuters) - Presidential candidate Hillary Clinton promised on Saturday to fight for a fairer society for ordinary Americans, staking out a place on the left to cut off any budding challenge for the Democratic nomination. In the first major rally of her campaign for the November 2016 presidential election, Clinton pressed many of the buttons that energize liberal Democrats. Speaking on New York's Roosevelt Island, within close view of Manhattan's skyscrapers, Clinton p
  
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• Fairfax moves to protect Watsa's voting stake

  13-06-2015 20:19
  TORONTO, June 13 (Reuters) - Fairfax Financial Holdings has called a special meeting of its shareholders to decide on a change that will preserve Prem Watsa's voting stake in the firm he has built...
  
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• WRAPUP 2-Tsipras seeks debt relief as Greeks take offer to Brussels

  13-06-2015 19:44
  ATHENS/BRUSSELS, June 13 (Reuters) - Greek Prime Minister Alexis Tsipras said he was willing to accept unpalatable compromises to secure a deal with international creditors provided he gets debt...
  
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• Clinton makes pitch to working Americans at big New York rally

  13-06-2015 19:39 via news.yahoo.com
  
  By Jonathan Allen NEW YORK (Reuters) - Democratic front-runner Hillary Clinton promised on Saturday to fight for ordinary Americans who have been left behind as the economy recovers, appealing to working families at the first major rally of her 2016 White House campaign. Speaking on New York's Roosevelt Island, within sight of Manhattan's skyscrapers, Clinton promised would "make the economy work for everyday Americans, not just those at the top" if elected president. The gat
  
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• Greek finance minister proposes ESM debt swap

  13-06-2015 18:50
  ATHENS, June 13 (Reuters) - Greek Finance Minister Yanis Varoufakis proposed on Saturday that the ESM, Europe's bailout mechanism, should offer a new 30-year loan to Athens so that it can buy back...
  
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• Hillary Clinton pledges to rewrite tax code if elected U.S. President

  13-06-2015 18:36
  June 13 (Reuters) - Appealing to working families in her first major campaign speech, U.S. Democratic presidential candidate Hillary Clinton said on Saturday she would rewrite the U.S. tax code if...
  
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• UPDATE 1-AIRSHOW-Jet engine maker CFM vows to meet output goals

  13-06-2015 17:45
  * GE-Safran venture faces steep production increase (Adds quotes, details)
  
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• Weak monsoon, outlook and corporate earnings dent markets

  13-06-2015 16:35 via news.yahoo.com
  
  Mumbai, June 13 (IANS) Anxiety over a weak monsoon, up-ticking inflation, fluctuating rupee value, disappointing corporate earnings coupled with outflow of foreign funds, moderate easing of the monetary policy and rising crude oil prices, have all dented the Indian markets in the week that just concluded. The barometer 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE) closed the weekly trade ended June 12 with losses of over 1.20 percent or 340 points. For the weekly trade
  
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• UPDATE 1-Henkel CEO downplays Wella takeover speculation - paper

  13-06-2015 16:23
  FRANKFURT, June 13 (Reuters) - The chief executive of Henkel & Co KGaA AG poured cold water on speculation the consumer goods maker was preparing to buy hair care firm Wella from Procter & Gamble Co,...
  
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• Singapore's annual gay rights rally sees largest turnout

  13-06-2015 16:16
  SINGAPORE, June 13 (Reuters) - Singapore's Pink Dot gay rights rally drew a record number of participants on Saturday, even as the country remains deeply divided over homosexuality.
  
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• Egypt says New Suez Canal to open Aug 6, eyes economic boost

  13-06-2015 15:16 via news.yahoo.com
  
  By Ahmed Aboulenein ISMAILIA, Egypt (Reuters) - Egypt's New Suez Canal will open on Aug. 6, its overseer said on Saturday, a project President Abdel Fattah al-Sisi sees as a potent symbol of national pride and a major chance to stimulate an economy suffering double-digit unemployment. The Suez Canal is a vital source of hard currency for Egypt, particularly since the 2011 uprising that scared off tourists and foreign investment. The opening of the New Suez Canal will be on Aug. 6, according
  
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• AIRSHOW-CFM sees lower orders after record 2014, LEAP engine on track

  13-06-2015 15:07
  PARIS, June 13 (Reuters) - French-U.S. jet engine maker CFM International expects a fall in orders this year following a record 2014, but still expects solid demand, its top executive said on...
  
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• Brazil's Rousseff "quite anguished" over inflation

  13-06-2015 14:56
  SAO PAULO, June 13 (Reuters) - Brazilian President Dilma Rousseff said she was "quite anguished" over the country's rising inflation rate and said her government would do "the possible and the...
  
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• Henkel CEO downplays Wella takeover speculation - paper

  13-06-2015 14:04
  FRANKFURT, June 13 (Reuters) - The chief executive of Henkel & Co KGaA AG poured cold water on speculation the consumer goods maker was preparing to buy hair care firm Wella from Procter & Gamble Co,...
  
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• Metro says won't sell Kaufhof "below value"

  13-06-2015 12:39
  FRANKFURT, June 13 (Reuters) - German retailer Metro AG will not compromise on price for a sale of its department store chain Kaufhof and other factors such as solid financing will also be important...
  
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• Bluebird Bio's sickle cell gene therapy working for French boy

  13-06-2015 11:30
  LONDON, June 13 (Reuters) - A pioneering gene therapy for sickle cell disease is working well so far for a 13-year-old French boy with the hereditary blood disorder, researchers said on Saturday, in...
  
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• Greece's Varoufakis says he believes Europe does not want 'Grexit'

  13-06-2015 10:04
  LONDON, June 13 (Reuters) - Greece does not believe its European partners will ultimately let the country leave the euro zone, Finance Minister Yanis Varoufakis said on Saturday, as the country races...
  
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• ECB wants Greece to remain in euro - bank's chief economist

  13-06-2015 09:14
  FRANKFURT, June 13 (Reuters) - The European Central Bank wants Greece to remain in the euro, a top ECB official told an Austrian newspaper, as Greek officials prepare to resume talks with the...
  
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• RPT-AIRSHOW-Record order books turn focus to jetmakers' production

  13-06-2015 09:00
  PARIS, June 13 (Reuters) - After years of big-ticket plane orders, next week's Paris Airshow will see rather fewer multi-billion-dollar deals and rather more nervous expressions as planemakers face...
  
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• MEDIA-Blackstone drops out of race to buy Serco's Indian BPO unit - Economic Times

  13-06-2015 07:07
  -- Note: Reuters has not verified this story and does not vouch for its accuracy
  
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• Clinton to stage major rally, will vow to back working Americans

  13-06-2015 07:04 via news.yahoo.com
  
  By Jonathan Allen NEW YORK (Reuters) - Democratic front-runner Hillary Clinton stages the first big rally of her presidential campaign on Saturday, trying to cast herself as a fighter for ordinary Americans and build a clearer case for why she wants to lead the country. Running to be the first female president, Clinton will trumpet her record on women's rights and talk about her mother's tough upbringing in a speech to thousands of supporters on New York's Roosevelt Island. The fo
  
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• Kansas lawmakers raise state sales taxes to balance budget

  13-06-2015 03:56 via news.yahoo.com
  
  By Kevin Murphy KANSAS CITY, Kan. (Reuters) - Kansas lawmakers raised the state sales tax on Friday to help balance the budget and cover a projected $400 million deficit in the wake of three years of income tax cuts pushed by Governor Sam Brownback. The increase in the sales tax to 6.50 percent, from the current 6.15 percent, would raise $400 million in revenue. "This bill keeps the state on a path of economic growth, creating well-paying jobs that benefit all Kansans," said Brownback.
  
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• Colombia oil reserves down 5.6 pct in 2014 -gov't

  13-06-2015 03:55
  BOGOTA, June 12 (Reuters) - Colombia's reserves of crude oil were down 5.6 percent to 2.3 billion barrels at the end of last year, the mines and energy ministry said on Friday, due to attacks by...
  
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• IMF board postpones decision on reform for three months

  13-06-2015 03:41
  WASHINGTON, June 12 (Reuters) - The International Monetary Fund's board on Friday decided to postpone by three months its decision on how to raise emerging countries' voting rights at the...
  
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• UPDATE 10-Obama quest for fast-track trade bill on ice in U.S. House

  13-06-2015 03:22
  * Setback could spark fresh round of horse-trading (Adds reaction from Japan's Economy minister)
  
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• REFILE-BlackBerry move to embrace Android may bring unexpected reward

  13-06-2015 02:46
  TORONTO, June 12 (Reuters) - BlackBerry Ltd's move to embrace Android may be aimed at lifting revenue from its software and device management segment, but analysts say it may inadvertently give its...
  
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• Mexico boosts housing subsidy by a third despite budget cuts

  13-06-2015 02:40
  MONTERREY, Mexico, June 12 (Reuters) - Mexico's finance ministry said on Friday it would raise a subsidy for home purchases by 32 percent to 11.135 billion pesos ($723 million) to support...
  
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• U.S. probes Nike payments under Brazil football deal -WSJ

  13-06-2015 02:25 via news.yahoo.com
  
  U.S. authorities are examining payments made by Nike Inc under a 1996 football sponsorship deal with Brazil for possible evidence of any wrongdoing by the company or others, the Wall Street Journal reported on Friday. Citing people familiar with the matter, the newspaper said allegations of corruption around Nike's $160 million (102 million pounds) agreement to sponsor Brazil's national team are discussed in barely veiled terms in the Justice Department's indictment of officials i
  
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• U.S. probes Nike payments under Brazil soccer deal: WSJ

  13-06-2015 02:23 via news.yahoo.com
  
  U.S. authorities are examining payments made by Nike Inc under a 1996 soccer sponsorship deal with Brazil for possible evidence of any wrongdoing by the company or others, the Wall Street Journal reported on Friday. Citing people familiar with the matter, the newspaper said allegations of corruption around Nike's $160 million agreement to sponsor Brazil's national team are discussed in barely veiled terms in the Justice Department's indictment of officials in soccer's governi
  
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• US stocks go sideways as market eyes Greece, Fed

  13-06-2015 00:35 via news.yahoo.com
  
  Wall Street stocks chugged through a week light on US economic data and heavy on anticipation of news on Greece and the US Federal Reserve. The Dow Jones Industrial Average finished up 49.38 points (0.28 percent) at 17,898.84, while the broad-based S&P 500 edged up 1.28 (0.06 percent) to 2,094.11. The tech-rich Nasdaq Composite Index shed 17.36 (0.34 percent) to 5,051.10.
  
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• BlackBerry move to embrace Android may bring unexpected reward

  13-06-2015 00:28
  TORONTO, June 12 (Reuters) - BlackBerry Ltd's move to embrace Android may be aimed at lifting revenue from its software and device management segment, but analysts say it may inadvertently give its...
  
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• US faces $300 billion in illicit funds in anti-laundering fight

  13-06-2015 00:23 via news.yahoo.com
  
  The US has largely blocked terror groups from moving money through banks, but tens of billions of dollars in illicit funds still transit the financial system each year, the Treasury said Friday. In two new reports on money laundering and terror financing risks, the Treasury said some $300 billion in illicitly generated funds each year enters the economy, most of it from fraud but large chunks from the drug trade and other activities. It said efforts to crack down on laundering these funds contin
  
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• Louisiana expected to see large budget gaps next year- Moody's

  13-06-2015 00:16
  NEW YORK, June 12 (Reuters) - Louisiana's newly-approved budget has a heavy reliance on one-time measures, which means it will likely see continued large budgetary gaps next year, Moody's credit...
  
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• UPDATE 1-Tesla enters into $500 mln credit facility

  13-06-2015 00:14
  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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• Exclusive: Alzheimer's group may scrap early look at coveted Lilly data

  13-06-2015 00:05 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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• UPDATE 1-EXCLUSIVE-Alzheimer's group may scrap early look at coveted Lilly data

  13-06-2015 00:02
  June 12 (Reuters) - The Alzheimer's Association may not offer an early look at highly sought clinical trial data on an experimental drug from Eli Lilly and Co after news of the impending release led...
  
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