Finance news

• 美 7월 자동차 판매 예상 상회...SUV와 픽업트럭 판매 호조

  03-08-2015 23:43
  디트로이트, 8월4일 (로이터) - 미국의 7월 자동차 판매가 예상을 상회함으로써 올해 자동차 판매가 2001년 이후 최고의 연간 실적을 유지하고 있다. 개솔린 가격 하락과 저금리로 SUV와 픽업트럭을 선호하는 소비자들의 구매 패턴이 계속되고 있다. 주요 자동차업체들의 7월 미국 시장 판매 데이터가 발표된 3일(현지시간) 포드자동차 는 지난달 미국에서...
  
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• Puerto Rico defaults on bond payment: Moody's

  03-08-2015 23:35 via news.yahoo.com
  
  Washington (AFP) - The US territory of Puerto Rico, deep in economic crisis, has defaulted on part of its $73-billion debt by missing a bond payment due on Monday, rating firm Moody's said.
  
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• Oil, stocks off on weak data; Europe shares up

  03-08-2015 23:33 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Stocks fell and oil futures prices sank to a six-month low on Monday on demand concerns after factory data from China and the United States disappointed. Brent slumped to its lowest since late January as factory activity in China, the world's second-biggest economy, shrank more than initially estimated last month. The resource-linked Canadian dollar was at its weakest in more than a decade against its U.S. peer as crude prices fell.
  
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• GLOBAL MARKETS-Oil, stocks off on weak data; Europe shares up

  03-08-2015 23:31
  NEW YORK, Aug 3 (Reuters) - Stocks fell and oil futures prices sank to a six-month low on Monday on demand concerns after factory data from China and the United States disappointed.
  
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• UPDATE 1-Chegg cuts revenue forecast due to shift to etextbook model

  03-08-2015 23:27
  Aug 3 (Reuters) - Chegg Inc, which rents out textbooks and provides other student services, cut its full-year revenue forecast as it focuses on completely shifting its business to offering only...
  
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• CIT's Thain: financial companies without deposit funding face risks

  03-08-2015 23:26
  NEW YORK, Aug 3 (Reuters) - CIT Group Chairman and Chief Executive Officer John Thain, who closed a merger Monday with OneWest Bank that acquired $30 billion in deposits, said financial companies...
  
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• Pimco says may face SEC action over fund Bill Gross once ran

  03-08-2015 23:04
  Aug 3 (Reuters) - Pacific Investment Management Co said on Monday it may face civil charges from the U.S. Securities and Exchange Commission over an exchange-traded fund once managed by portfolio...
  
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• CORRECTED-GLOBAL MARKETS-Oil, stocks sink on weak data; Europe shines

  03-08-2015 22:56
  NEW YORK, Aug 3 (Reuters) - Oil futures prices sank to a six-month low on Monday, weighed by oversupply and weaker demand expectations, while equity markets in Asia and on Wall Street fell as factory...
  
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• Credit Suisse, Jive raise largest Brazil distressed asset fund

  03-08-2015 22:47
  SAO PAULO, Aug 3 (Reuters) - Credit Suisse Group AG and Jive Investments Holding Ltd raised Brazil's largest-ever distressed asset fund, underscoring growing interest in an asset class that has...
  
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• HSBC acquisition poses big test for Bradesco CEO Trabuco

  03-08-2015 22:23 via news.yahoo.com
  
  Banco Bradesco SA sat on the sidelines for years while Brazilian banking rivals bulked up through a series of takeovers. On Monday, it made a grab for HSBC Holdings Plc's domestic business, one that will boost its assets by 16 percent. Now comes the hard part - integrating that business, including HSBC's 851 branches, 5 million clients and 21,000 employees in Brazil, in the midst of the country's worst economic downturn in 25 years.
  
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• Hedge fund Kerrisdale bets Bavarian Nordic cancer vaccine to fail

  03-08-2015 22:22
  (Reuters) - Hedge fund Kerrisdale Capital, known for publicly waging short-selling campaigns, on Monday said that Danish pharmaceutical company Bavarian Nordic's prostate cancer vaccine will fail,...
  
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• Oil dives 5 percent to six-month low under $50 on China worry

  03-08-2015 22:21 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices lurched 5 percent lower on Monday to their lowest since January, taking global benchmark Brent below $50 a barrel as weak factory activity in China deepened a commodity-wide rout. Growing concerns over excess global oil supplies, heavy selling in pumped-up gasoline futures and technically driven momentum trading knocked prices to within a few dollars of the six-year lows touched at the start of this year. U.S. crude had already fallen 21 percent
  
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• US stocks drop as oil equities tumble

  03-08-2015 22:06 via news.yahoo.com
  
  New York (AFP) - US stocks dropped Monday with petroleum-linked equities retreating on a big drop in oil prices as Wall Street girds for a busy week of economic reports.
  
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• Energy leads Wall Street lower as oil tumbles

  03-08-2015 22:05 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China added to concerns about weakening growth in the world's second-largest economy. The Dow Jones industrial average fell 91.46 points, or 0.52 percent, to 17,598.4, the S&P 500 lost 5.86 points, or 0.28 percent, to 2,097.98 and the Nasdaq Composite dropped 12.90 points, or 0.25 percent, to 5,115.38. (Reporting by Noel Randewich; Editing by Mere
  
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• UPDATE 4-Big U.S. coal miner Alpha Natural files for bankruptcy

  03-08-2015 21:59
  Aug 3 (Reuters) - Alpha Natural Resources Inc, one
  of the largest U.S. coal companies, became the latest in the
  hard-hit industry to seek bankruptcy on Monday.
  
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• Trump Shows Broadening Appeal As He Surges in the Polls

  03-08-2015 21:21 via news.yahoo.com
  
  Donald Trump may be delusional in claiming to enjoy broad support about Hispanic voters despite his slurs against illegal immigrants, as the latest polling suggests. The new NBC News-Wall Street Journal poll released on Sunday showing Trump leading the crowded field of Republican presidential candidates with 19 percent of the GOP vote – a few points ahead of Wisconsin Gov. Scott Walker and former Florida governor Jeb Bush – contains troubling news for Trump’s chief competitors. While some
  
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• Weak oil prices, China worries weigh on Wall Street

  03-08-2015 20:53 via news.yahoo.com
  
  Energy stocks were the biggest losers among the main S&P sectors, recording their worst three-day decline in seven months. Exxon Mobil and Chevron , which also reported poor results on Friday, led the losses. Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China.
  
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• US STOCKS-Weak oil prices, China worries weigh on Wall Street

  03-08-2015 20:52 via news.yahoo.com
  
  U.S. stocks fell on Monday as oil prices touched a six-month low and factory data from China raised concerns about the world's second-biggest economy. Energy stocks were the biggest losers among the main ...
  
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• Why Believing Donald Trump Will Be the GOP Nominee Is Delusional

  03-08-2015 20:42 via news.yahoo.com
  
  It is risky to put too much stock in the latest findings, including the NBC/Wall Street Journal poll released Sunday. There are plenty of downsides to Trump’s candidacy – including his threat to mount a third-party campaign if he is denied the Republican nomination -- which has alarmed GOP leaders who are looking down the road to the general election. Trump has the highest negatives of any of the top tier candidates, and a majority of Americans in the survey said they think Trump is hurting
  
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• Oil sinks to six-month low amid weak data, slump in gasoline

  03-08-2015 20:24 via news.yahoo.com
  
  Oil sank to six-month lows on Monday with Brent crude falling below $50 a barrel on sluggish U.S. and Chinese economic data and bets for weaker gasoline consumption in the United States after tearaway demand earlier in the summer. Supply worries aside, traders pinned the latest losses on sluggish U.S. and Chinese data. "Economic weakness has set the tone," said Matt Smith, director of commodity research at ClipperData, a New York-based energy database.
  
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• Oil, stocks sink on weak data; Europe shines

  03-08-2015 20:20 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Oil futures prices sank to a six-month low on Monday, weighed by oversupply and weaker demand expectations, while equity markets in Asia and on Wall Street fell as factory data from China and the United States disappointed. Brent slumped to its lowest since late January on worries about oversupply as OPEC pumped at record levels in July, adding to demand concern after weak data from China, the world's largest energy consumer. U.S. crude hit its lowest
  
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• S&P lowers outlook on European Union to negative

  03-08-2015 20:18 via news.yahoo.com
  
  (Reuters) - Standard & Poor's Ratings Services lowered its outlook on the European Union to negative from stable as it expects that the EU would provide first-loss guarantee support for financing connected to the Juncker investment plan. The ratings service said the outlook also reflects further downward pressure on the average weighted rating on budgetary contributors to the EU. (Reporting by Kanika Sikka in Bengaluru)
  
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• Channel migrants crisis bites into British business

  03-08-2015 20:17 via news.yahoo.com
  
  The disruption to freight between Britain and mainland Europe caused by strikes and illegal immigration is starting to hurt British businesses, from luxury English car manufacturers to Scottish seafood exporters. Industrial action and delays caused by migrants massed at the French port of Calais are taking a toll on the other side of the Channel, with thousands of trucks queueing up at England's southeastern tip for ferry and freight shuttle rail services. "While clearly hampering holi
  
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• Oil prices down amid rising rig count, soft US economic data

  03-08-2015 20:12 via news.yahoo.com
  
  The price of oil slid Monday as traders braced for softer demand amid an increase in the number of active rigs and weak U.S. economic reports on construction spending and manufacturing.
  
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• Finland seeks to cut labour costs

  03-08-2015 20:06 via news.yahoo.com
  
  Finland's centre-right government announced on Monday plans to cut the cost of labour by five percent to boost competitiveness and revive Finland's slumping economy. "The goal is to improve competitiveness by reducing unit labour costs by five percent and to improve employee security" in dismissal situations, Prime Minister Juha Sipila said at a press conference. Unit labour cost is an economic indicator used by the Organisation for Economic Cooperation and Development (OECD)
  
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• U.S. factory activity dips; consumer spending cools

  03-08-2015 20:02 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - U.S. factory activity slipped in July and consumer spending advanced at its slowest pace in four months in June, indicating that the economy had lost some momentum recently. "We expect growth momentum to re-accelerate over the next few months, providing the Fed with the necessary confidence they need to raise rates in September," said Millan Mulraine, deputy chief economist at TD Securities in New York.
  
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• UPDATE 1-Rolls-Royce shares rise as activist stake fuels turnaround talk

  03-08-2015 19:45
  LONDON, Aug 3 (Reuters) - Shares in British engineering company Rolls-Royce, under pressure after a run of profit warnings, rose for a second session on Monday on speculation it could speed up...
  
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• Bradesco to acquire HSBC Brazil unit, biggest-ever buy

  03-08-2015 19:28 via news.yahoo.com
  
  Banco Bradesco SA agreed to buy HSBC Holdings Plc's Brazilian unit for a surprisingly high 17.6 billion reais ($5.2 billion), narrowing the gap with larger rivals while boosting its base of affluent customers in Latin America's largest economy. The deal between Bradesco and Europe's largest bank includes the latter's Brazilian retail banking and insurance units. The all-cash acquisition will allow Bradesco to close the asset gap with larger rivals Itaú Unibanco Holding SA an
  
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• Weak oil, soft data weigh on U.S. stocks

  03-08-2015 19:26 via news.yahoo.com
  
  (Reuters) - U.S. stocks added to their losses on Monday as oil prices touched a six-month low and data showed the U.S. economy lost some momentum at the end of the second quarter.
  
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• U.N. chief says Obama power plan key ahead of climate change talks

  03-08-2015 19:13 via news.yahoo.com
  
  UNITED NATIONS (Reuters) - United Nations Secretary-General Ban Ki-moon on Monday praised U.S. President Barack Obama's plan to tackle greenhouse gases from coal-fired power plants, saying such "visionary leadership" is needed ahead of negotiations on a global climate change deal. Obama's Clean Power Plan is a vital component of meeting a U.S. pledge on emissions cuts for the U.N. climate change summit in Paris in December. Washington has promised to slash emissions economy-w
  
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• Sears' shares plunge after dismal same-store sales

  03-08-2015 19:05
  Aug 3 (Reuters) - Struggling retailer Sears Holdings Corp said on Monday comparable store sales in the United States fell sharply in the second quarter, sending its shares down 8 percent to a more...
  
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• UPDATE 3-Tyson sales growth slows as port disruptions hit beef exports

  03-08-2015 18:40
  * Shares slump as much as 11 percent (Adds CEO comments, details from conference call, updates shares)
  
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• European shares rise, shrugging off slump in Greek market

  03-08-2015 18:37 via news.yahoo.com
  
  European shares rose on Monday, shrugging off a slump for the Greek stock market when it reopened after a five-week shutdown, as strong results from Heineken and banks supported the broader market. The ...
  
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• Britain's FTSE underperforms Europe, mining shares a drag

  03-08-2015 18:21
  * Financial tech company Fidessa slumps (Updates with closing prices)
  
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• Rising profits at big U.S. banks boost executive pay: KBW

  03-08-2015 18:19 via news.yahoo.com
  
  Compensation for top executives rose 26 percent at these banks as reported earnings increased 2.6 percent on average on a per-share basis, KBW said, adding that the pay rise was consistent with the increase in profits. Top executives in the banking sector are beginning to reap the reward for steering their firms in the aftermath of the financial crisis and putting them back on the path to profitability. In the most recent quarter, five of the six top Wall Street banks reported record earnings ev
  
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• Osborne Pulls Trigger On £2bn RBS Share Sale

  03-08-2015 18:16 via news.yahoo.com
  
  George Osborne has unveiled plans for a £2bn sale of taxpayers' shareholding in Royal Bank of Scotland (RBS) in a symbolic moment that will crystallise a substantial loss on the stake. Confirming widespread expectations that he would begin the processing of selling the shares this week, the Treasury said after the stock market closed on Monday that it would sell a 5.2% stake in RBS to City investors. Directors of UK Financial Investments (UKFI), the agency which manages the state's 79
  
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• MSCI may still reclassify Greece if capital curbs persist

  03-08-2015 18:10 via news.yahoo.com
  
  Index provider MSCI said it continued to monitoring capital controls at Athens' stock exchange and may still launch a consultation to reclassify the country from 'emerging' to 'standalone' status if significant restrictions continued. Greece's stock market reopened on Monday after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone, but ended the day with heavy losses. "If there are continuing significant restrictive measures impacting the accessibility
  
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• Soft data weighs on oil, stocks; Europe shines

  03-08-2015 18:06 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Oil futures prices hit a six-month low on Monday, weighed by oversupply and weaker demand expectations, while stocks in Asia and on Wall Street were under pressure as factory data from China and the United States disappointed. The Canadian dollar hit its weakest in more than a decade against its U.S. peer, weighed by lower crude. The pace of growth in the U.S. manufacturing sector slowed in July and missed expectations, while China's factory activity s
  
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• Soft data weighs on oil, global stocks; Europe shines

  03-08-2015 18:05 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Oil futures prices hit a six-month low on Monday, weighed by oversupply and weaker demand expectations, while stocks in Asia and on Wall Street were under pressure as factory data from China and the United States disappointed. The Canadian dollar hit its weakest in more than a decade against its U.S. peer, weighed by lower crude. The pace of growth in the U.S. manufacturing sector slowed in July and missed expectations, while China's factory activity s
  
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• Goldman raises top end of legal-loss estimate

  03-08-2015 17:35 via news.yahoo.com
  
  (Reuters) - Goldman Sachs Group Inc raised the top end of the range for possible legal losses to about $5.9 billion, the bank said in a regulatory filing on Monday. In May, the Wall Street bank estimated $3.8 billion in legal losses above what it had already set aside. Goldman said on Monday that it was in talks with U.S. regulators to resolve claims tied to the sale of residential mortgage-backed securities prior to the financial crisis.
  
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• Asia stocks down as China manufacturing slows

  03-08-2015 17:32 via news.yahoo.com
  
  Asian markets fell Monday as China shares were dragged down by poor manufacturing figures and investors followed a drop on Wall Street.
  
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• Automakers report strong US sales in July

  03-08-2015 17:17 via news.yahoo.com
  
  Automakers reported strong US sales in July, boosted by sport utility vehicles, as the industry benefited again from lower gasoline prices and a steadily improving US economy. General Motors, the biggest US automaker, said July sales surged six percent from a year ago to 272,512 vehicles behind a strong performance in pickup trucks, SUVs and some sedan lines. "The second half of 2015 is off to a great start, with industry sales above expectations," said GM vice president for sales Kurt
  
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• Higher rates could restore $5 billion in money fund fees: Moody's

  03-08-2015 17:12
  BOSTON (Reuters) - Rising interest rates could prompt money market fund sponsors to stop waiving up to $5 billion in fees, Moody's Investors Service said on Monday.
  
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• BRIEF-Chemical Specialities says will apply to liquidate co

  03-08-2015 17:03
  * Notice to apply for termination of business rescue
  proceedings and to place company into provisional liquidation
  
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• On a battered stock market, a Greek furniture maker shines

  03-08-2015 17:03 via news.yahoo.com
  
  While most of the Greek stock market was dropping, shares of the furniture maker Dromeas SA soared almost 29 percent on Monday after clinching a 30 million-euro (£21 million) deal to supply European Commission offices. The company announced on July 29 - during the five weeks the stock market was closed - that it had won an international tender to supply all EU offices over a five-year period. Greek stocks unofficially closed with losses of 16.2 percent on Monday, the first day of trade after th
  
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• Britain's FTSE underperforms, mining shares a drag

  03-08-2015 16:30
  LONDON, Aug 3 (Reuters) - Top UK shares underperformed their European counterparts on Monday, with mining stocks hit when weaker-than-expected manufacturing in China caused global commodity prices to...
  
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• Weak auto demand crimps U.S. consumer spending

  03-08-2015 16:27 via news.yahoo.com
  
  U.S. consumer spending in June advanced at its slowest pace in four months as demand for automobiles softened, suggesting the economy lost some momentum at the end of the second quarter. The combination of anemic consumer spending and sluggish manufacturing likely do not change expectations the Federal Reserve will raise interest rates this year, especially with the labor market tightening. "We're not too worried by this (data) as a further improvement in the labor market should suppor
  
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• Wall St lower on weak data, slump in oil prices

  03-08-2015 16:23 via news.yahoo.com
  
  Wall Street was lower on the first trading day in August as oil prices touched a six-month low and data showed U.S. economy lost some momentum at the end of the second quarter. Oil prices hit six-month lows earlier in the day, knocked by fresh evidence of growing oversupply and data highlighting slowing demand in China, leaving crude prices on course for their weakest third-quarter performance since the financial crisis in 2008.
  
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• Recessions help nudge women into science jobs

  03-08-2015 16:18
  
  LOS ANGELES (Reuters) - Encouraging more women to pursue careers in science, technology, education and math - the so-called STEM fields - is a worthy goal, given the potential payoff for our economy...
  
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• Harper says optimistic about turnaround in Canadian economy

  03-08-2015 16:18 via news.yahoo.com
  
  LAVAL, Quebec (Reuters) - Prime Minister Stephen Harper said Monday he was confident the Canadian economy would emerge from its slowdown, provided the government stayed the course. "We remain optimistic about the turnaround that everybody's predicting," Harper said at a news conference on the second day of his reelection campaign, adding that even now, some sectors continued to grow despite challenging external factors. During his campaign stop, he announced the government would e
  
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