Finance news

• Warner Bros brings darker superheroes to battle at Comic-Con

  11-07-2015 23:31
  SAN DIEGO, July 11 (Reuters) - Superheroes are going rogue with Warner Bros' DC universe, as the studio made a splash with its brooding caped crusaders and ragtag team of anti-heroes at Saturday's...
  
  Read more

• Eurogroup drafting statement asking Greece to do more -source

  11-07-2015 23:30
  BRUSSELS, July 11 (Reuters) - Euro zone finance ministers were trying to draft a joint statement on Saturday listing further measures they want Greece to take in order to launch negotiations on a...
  
  Read more

• UPDATE 2-Germany floats Greek euro "time-out" without more reforms

  11-07-2015 23:16
  BRUSSELS, July 11 (Reuters) - The German government has argued that Greece could take a five-year "time-out" from the euro zone and have some of its debts written off if Athens fails to improve...
  
  Read more

• Washington state gets $65 mln in first-year taxes from marijuana

  11-07-2015 23:04
  July 11 (Reuters) - Washington state took in $65 million in tax revenue from the recreational marijuana market during the first 12 months since it became legal to produce and sell, according to data...
  
  Read more

• Advertisement

• UPDATE 1-Greek PM Tsipras struggles to contain party revolt on bailout

  11-07-2015 22:04
  * Threat to Syriza unity also adds to EU doubts (Recasts, adds letter from Syriza lawmakers, context)
  
  Read more

• Greek talks eye 25 bln euro bank recap, doubling debt maturities

  11-07-2015 21:31
  BRUSSELS, July 11 (Reuters) - Euro zone finance ministers were told on Saturday that some 25 billion of any bailout loan to Greece would be needed to recapitalise banks that are on the verge of...
  
  Read more

• Euro zone ministers demand more from Greece for loan talks

  11-07-2015 20:53 via news.yahoo.com
  
  Skeptical euro zone finance ministers demanded on Saturday that Greece go beyond painful austerity measures accepted by Prime Minister Alexis Tsipras if he wants them to open negotiations on a third bailout for his bankrupt country to keep it in the euro. Ministers lined up to vent their anger at Tsipras on arrival at their umpteenth emergency weekend meeting on Greece's acute debt crisis, with Athens staring into an economic abyss when financial markets reopen on Monday unless it wins fres
  
  Read more

• Clinton to pledge to close carried interest tax loophole: adviser

  11-07-2015 20:51 via news.yahoo.com
  
  Democratic presidential contender Hillary Clinton will pledge on Monday to close the carried interest tax loophole that allows private equity fund managers to pay a lower tax rate on much of their earnings, according to a draft of a speech seen by an outside adviser. Clinton, who is seeking her party's nomination to run in the November 2016 election, took a similar stance during her last presidential campaign in 2007, and is expected to reaffirm it in a speech on her economic policy in New
  
  Read more

• Advertisement

• Greek minister sees capital controls in place for few months more

  11-07-2015 20:40 via news.yahoo.com
  
  ATHENS (Reuters) - The capital controls imposed on Greece's banks will remain in place for at least another two months, Economy Minister George Stathakis said on Saturday, as euro zone finance ministers met in Brussels to discuss a request by Athens for a new bailout.
  
  Read more

• WRAPUP 4-Euro zone ministers demand more from Greece for loan talks

  11-07-2015 20:33
  * EU, IMF say Greek reform proposals are basis for bailout talks
  
  Read more

• Greek economy minister says party rebels should quit

  11-07-2015 20:10
  ATHENS, July 11 (Reuters) - Greek Economy Minister George Stathakis said on Saturday dissenting lawmakers from left-wing Syriza, including ministers, should step aside if they disagree with...
  
  Read more

• Schaeuble has not raised 'Grexit' at Eurogroup-Greek official

  11-07-2015 19:06
  BRUSSELS, July 11 (Reuters) - German Finance Minister Wolfgang Schaeuble has not raised the possibility of Greece exiting the euro zone at crisis talks in in Brussels discussing aid for Athens, Greek...
  
  Read more

• U.S. firms' thirst for quick profits hurts workers, Clinton will say

  11-07-2015 19:01 via news.yahoo.com
  
  By Jonathan Allen NEW YORK (Reuters) - Presidential candidate Hillary Clinton will argue in a speech on Monday that U.S. businesses are too fixated on short-term profits, especially on Wall Street, and she will pledge to help workers get better pay and more family-friendly policies. Clinton, the favorite to win the Democratic Party's nomination for the November 2016 election, intends the speech to outline the economic theory underpinning her campaign, in which she has promised to be a champ
  
  Read more

• Euro zone ministers demand Greece do more before bailout talks - sources

  11-07-2015 18:54
  BRUSSELS, July 11 (Reuters) - Euro zone finance ministers told their Greek counterpart on Saturday that Athens must go beyond an initial set of proposals for reforms if it wants them to open...
  
  Read more

• GREECE LATEST-Finance ministers meet for "exceptionally difficult" talks on Greece

  11-07-2015 18:41
  July 10 (Reuters) - Following is the latest news on Greece's debt crisis as European finance ministers gather on Saturday to decide whether to negotiate a third bailout for Greece after Prime...
  
  Read more

• Germany considers Greek 'timeout' from euro zone -paper

  11-07-2015 18:32 via news.yahoo.com
  
  Germany's Finance Ministry believes Greece's latest reform proposals do not go far enough and has suggested two alternative courses for Athens including a "timeout" from the euro zone, the Frankfurter Allgemeine Sonntagszeitung (FAS) reported. "These proposals miss out important central reform areas to modernize the country and to bring economic growth and sustainable development over the long term," the FAS quoted the ministry as writing in a position paper. Under the first, Athens would improv
  
  Read more

• GREECE LATEST-Greece needs debt relief, France's Macron tells German newspaper

  11-07-2015 17:43
  July 10 (Reuters) - Following is the latest news on Greece's debt crisis as European finance ministers gather on Saturday to decide whether to negotiate a third bailout for Greece after Prime...
  
  Read more

• Spain's Rajoy points to Greek turmoil in appeal to voters

  11-07-2015 16:39 via news.yahoo.com
  
  Spain faces a stark choice in looming elections between growth and economic turmoil similar to Greece's, Prime Minister Mariano Rajoy said on Saturday, taking a swipe at leftist opponents as his party gears up for one of its toughest campaigns in decades. Rajoy, whose centre-right People's Party (PP) took a drubbing in recent local polls, pointed to Greece's race to avert bankruptcy and a euro zone exit as a warning for Spain, where anti-austerity movements have gained traction. &
  
  Read more

• HIGHLIGHTS-Euro zone finance minister comments on Greece

  11-07-2015 16:12
  BRUSSELS, July 11 (Reuters) - Greek Prime Minister Alexis Tsipras won backing from lawmakers on Saturday for painful reforms but it remained unclear whether it would be enough to secure a bailout...
  
  Read more

• Austrian finance minister sees 60:40 chance of Greece deal

  11-07-2015 15:03
  VIENNA, July 11 (Reuters) - Austrian Finance Minister Hans Joerg Schelling sees a 60 to 40 chance that a new bailout deal can be struck for Greece, Austrian news agency APA reported him as telling...
  
  Read more

• Norway company to build 33 MW Mali solar plant

  11-07-2015 14:20 via news.yahoo.com
  
  By Makini Brice DAKAR (Reuters) - Norwegian energy company Scatec Solar is set to start construction of a 33 megawatt solar plant outside Mali's capital, that will be the largest of its kind in West Africa when it opens in 2016, the company said on Friday. Mali, like much of West Africa, faces a chronic energy deficit that impedes economic growth. The Bank's International Finance Corporation and Malian firm Africa Power 1 will also hold stakes.
  
  Read more

• EU's Moscovici says Greece has made significant gesture

  11-07-2015 13:24
  BRUSSELS, July 11 (Reuters) - For comments by euro zone finance ministers and others attending a Eurogroup meeting on Greece in Brussels on Saturday (Reporting by Robert-Jan Bartunek, Philip...
  
  Read more

• Greece needs debt relief, France's Macron tells German newspaper

  11-07-2015 13:19 via news.yahoo.com
  
  A bailout package for Greece needs to include a reduction in the country's debt burden, French Economy Minister Emmanuel Macron told German daily Die Welt in an interview published on Saturday. The German government has resisted a restructuring of Greece's debts, with Chancellor Angela Merkel opposing a "classic haircut" and the finance ministry saying Berlin would not accept any form of debt reduction that would lower its real value. "It is necessary to reduce the debt burden so that the Greek
  
  Read more

• IMF cuts Madagascar 2015 growth forecast, says output may fall further

  11-07-2015 13:17 via news.yahoo.com
  
  By Drazen Jorgic ANTANANARIVO (Reuters) - The International Monetary Fund said it had trimmed Madagascar's 2015 growth forecast to 3.5 percent from 5 percent, citing poor weather and falling commodity prices and warned output may be even lower due to a strike at state-owned Air Madagascar. Patrick Imam, the IMF's Madagascar country representative, told Reuters the economy of mineral-rich Madagascar had been badly hit by extreme weather, including cyclones and droughts, and a decline in
  
  Read more

• The Trump backlash: Latino consumers wield new clout

  11-07-2015 13:05 via news.yahoo.com
  
  By Herbert Lash and Nandita Bose NEW YORK/CHICAGO (Reuters) - When Donald Trump described Mexican immigrants as rapists and drug smugglers last month, Latinos took to social media to express their outrage and urge businesses to sever ties with the billionaire presidential candidate. In short order, more than 10 organizations canceled their deals with Trump, in what Latino activists are calling an unprecedented recognition of their economic clout. "Latino millennials have purchasing power an
  
  Read more

• China market rout, slowing economy sap demand for luxury cars

  11-07-2015 11:55 via news.yahoo.com
  
  By Norihiko Shirouzu BEIJING (Reuters) - Prices for German luxury cars in China are tumbling as the country's stock market sell-off and worries about broader economic growth chill demand for auto brands that once commanded price premiums from affluent Chinese consumers. At Mercedes-Benz stores operated by a dealer group with nearly 200 multiple brand outlets, customer traffic at showrooms has dwindled markedly since mid-June, when a stock market slide that saw indexes plunge by as much as
  
  Read more

• Germany says result of finance ministers' Greece meeting 'completely open'

  11-07-2015 11:23 via news.yahoo.com
  
  BERLIN (Reuters) - The result of Saturday's meeting of euro zone finance ministers to discuss Athens' latest economic reform proposals is completely open, a German Finance Ministry spokesman said.
  
  Read more

• Germany says result of finmins' Greece meeting 'completely open'

  11-07-2015 11:10
  BERLIN, July 11 (Reuters) - The result of Saturday's meeting of euro zone finance ministers to discuss Athens' latest economic reform proposals is completely open, a German Finance Ministry spokesman...
  
  Read more

• EU, IMF tell Eurogroup Greek proposals form basis for bailout talks

  11-07-2015 09:07
  BRUSSELS, July 11 (Reuters) - The European Commission, European Central Bank and International Monetary Fund have told euro zone governments that proposals from Greece for a bailout loan are a basis...
  
  Read more

• RPT-Euphoria swiftly dissolves in Greece as bailout plan emerges

  11-07-2015 09:00
  ATHENS, July 10 (Reuters) - The euphoria felt by many Greeks at telling Europe their country was rejecting austerity for good lasted less than five days.
  
  Read more

• RPT-Eurogroup confirms received assessment of Greek bailout request

  11-07-2015 08:40
  BRUSSELS, July 11 (Reuters) - The Eurogroup of euro zone finance ministers has received an assessment from EU and IMF experts of Greece's request for a bailout and its reform proposals, a spokesman...
  
  Read more

• Eurogroup confirms received assessment of Greek bailout request

  11-07-2015 08:16
  BRUSSELS, July 11 (Reuters) - The Eurogroup of euro zone finance ministers has received an assessment from EU and IMF experts of Greece's request for a bailout and its reform proposals, a spokesman...
  
  Read more

• South Korea pension fund to vote for Samsung merger: Korea Economic Daily

  11-07-2015 07:15
  SEOUL (Reuters) - South Korea's National Pension Service (NPS), the biggest investor in Samsung C&T Corp, has decided to vote its shares in favor of an $8 billion all-stock takeover offer from sister...
  
  Read more

• WRAPUP 7-Greek PM wins backing for concessions; EU, IMF give positive signals

  11-07-2015 04:54
  * Reform package terms similar to those rejected in referendum
  
  Read more

• Greek PM Tsipras says has mandate for talks after parliament vote

  11-07-2015 04:08
  ATHENS, July 11 (Reuters) - Greek Prime Minister Alexis Tsipras claimed a strong mandate to complete negotiations with international creditors after winning the backing of parliament over a painful...
  
  Read more

• Planemakers poised for Iranian buying spree if nuclear deal reached

  11-07-2015 03:38 via news.yahoo.com
  
  By Tim Hepher, Parisa Hafezi and John Irish PARIS/VIENNA (Reuters) - Western planemakers look set to reap billions of dollars in deals with Iran, if a deal is done on its nuclear program to allow one of the world's most promising aviation markets to come out of quarantine. Iran and six world powers were struggling on Friday to remove the last obstacles to an historic deal in Vienna that could resolve a more than 12-year dispute over Tehran's nuclear ambitions, extending talks through t
  
  Read more

• High valuations weigh on U.S. stocks ahead of earnings

  11-07-2015 03:28 via news.yahoo.com
  
  As companies in the benchmark Standard & Poor's 500 begin to release lackluster second quarter results, rich valuations threaten to keep the U.S. stock market spinning in place. At 16.5 times forward estimates, the S&P 500, up less than 2 percent for the year to date through midday Friday, is about 10 percent more expensive than its historic average of 15, according to Thomson Reuters estimates. At a time when corporate earnings are expected to show a decline of 3 percent in the mos
  
  Read more

• Greek parliament backs government debt reform package: AFP

  11-07-2015 02:51 via news.yahoo.com
  
  Athens (AFP) - Greece's parliament on Saturday approved a government package of economic reforms aimed at ending the country's debt crisis and securing a new bailout from the European Union.
  
  Read more

• Greek parliament backs government bailout proposals

  11-07-2015 02:44
  ATHENS, July 11 (Reuters) - The Greek parliament voted overwhelmingly on Saturday in favour of authorizing the left-wing government of Prime Minister Alexis Tsipras to negotiate with international...
  
  Read more

• Delta, Gol boost air accord in $446 million stock, debt deal

  11-07-2015 02:07
  
  SAO PAULO (Reuters) - U.S. carrier Delta Air Lines Incwill expand its alliance with Brazil's Gol Linhas Aereas Intelligentes SA under a $446 million stock and loan agreement, Gol said on Friday...
  
  Read more

• EU, IMF give thumbs up to Greek bailout request: source

  11-07-2015 01:26 via news.yahoo.com
  
  EU and IMF officials have given euro zone governments a positive assessment of Greece's request for a new bailout, a source close to the matter said, making it likely they will agree on Saturday to open talks on lending Athens tens of billions of additional euros. Experts from the European Commission, European Central Bank and the International Monetary Fund spent Friday reviewing the Greek case for aid and proposals for economic reforms from Prime Minister Alexis Tsipras that will be conditions
  
  Read more

• Rogers puts Shopping Channel for sale, attracts U.S. buyers: sources

  11-07-2015 01:23
  
  (Reuters) - Canada's Rogers Communicationshas put The Shopping Channel up for sale and received interest from foreign buyers for the television asset that may fetch over C$300 million ($237...
  
  Read more

• EU, IMF experts give positive assessment of Greek bailout request: source

  11-07-2015 00:34 via news.yahoo.com
  
  The European Commission, European Central Bank and the International Monetary Fund have given a positive assessment of the Greek government's request to start negotiations on a new bailout, a person close to the matter said on Friday. The three institutions were asked by the ESM bailout fund to review proposals for economic reforms made by Greece on Thursday.
  
  Read more

• UPDATE 1-Lehman's Fuld defeats employee lawsuit over retirement losses

  11-07-2015 00:16
  NEW YORK, July 10 (Reuters) - A U.S. federal judge on Friday
  dismissed a lawsuit by former Lehman Brothers Holdings Inc
  employees seeking to hold onetime Chief Executive Richard Fuld
  liable for their...
  
  Read more

• Edwards Lifesciences to buy heart device maker for $400 million

  11-07-2015 00:07
  (Reuters) - Edwards Lifesciences Corpsaid it would buy privately held heart device maker CardiAQ Valve Technologies Inc for up to $400 million to expand its portfolio of less-invasive mitral valve...
  
  Read more

• Glitches ground air travel & NYSE trading floor: BUSINESS WEEK WRAP

  11-07-2015 00:00 via news.yahoo.com
  
  A tech glitch for something as important as an airplane would often be the biggest news of the day, but United's problems were eclipsed later on Wednesday after a technical glitch knocked out the entire NYSE for three hours. The NYSE shut the whole market down as a precaution until they could sort it out.
  
  Read more

Follow @FinanceUSA_News on Twitter!