Finance news

• UPDATE 1-Thomson family's Woodbridge buys full control of Globe and Mail

  14-08-2015 23:38
  TORONTO, Aug 14 (Reuters) - Canadian telecom and media company BCE Inc said on Friday it has sold its 15 percent stake in the Globe and Mail to the Woodbridge Company, giving the investment vehicle...
  
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• Yuan and oil stabilize, giving US stocks a lift

  14-08-2015 23:22 via news.yahoo.com
  
  NEW YORK (AP) — A rocky week for the stock market ended on a bright note as investors bought stocks across industries.
  
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• UPDATE 1-Eurogroup's Dijsselbloem says bailout deal gets Greek debt on sustainable track

  14-08-2015 23:21
  BRUSSELS, Aug 14 (Reuters) - Eurogroup chairman Jeroen Dijsselbloem said Friday's bailout deal would put Greece's debt on a sustainable path and followed very constructive cooperation with the Greek...
  
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• UPDATE 1-Greek finance minister says bailout deal will take country forward

  14-08-2015 23:20
  BRUSSELS, Aug 14 (Reuters) - Greek Finance Minister Euclid Tsakalotos said on Friday that a bailout deal reached with the country's international creditors will take Greece forward as it will create...
  
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• GLOBAL MARKETS-Stocks end week lower, bruised by China yuan weakness

  14-08-2015 22:58
  NEW YORK, Aug 14 (Reuters) - Equities on world bourses ended the week lower on Friday after China's currency devaluation on Tuesday shook investors, though volatility declined late in the week,...
  
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• France's Hollande says Greek bailout deal is thanks to Tsipras reform plan

  14-08-2015 22:58
  PARIS, Aug 14 (Reuters) - French President Francois Hollande on Friday welcomed the agreement reached by euro zone finance ministers to launch a third Greek bailout, saying it showed Europe could...
  
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• UPDATE 1-CPPIB return drops slightly on equity, fixed income declines

  14-08-2015 22:44
  TORONTO, Aug 14 (Reuters) - The Canada Pension Plan Investment Board, one of the world's biggest dealmakers, reported a small quarterly investment loss as declines in equity and fixed income markets...
  
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• Wall St. edges up after upbeat data, Greek bailout agreement

  14-08-2015 22:41 via news.yahoo.com
  
  (Reuters) - U.S. stocks ended a volatile week higher on Friday after upbeat U.S. economic data and as euro zone finance ministers agreed to launch a third bailout program for Greece.
  
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• CANADA FX DEBT-C$ retreats as data disappoints, markets calmed

  14-08-2015 22:38
  (Rewrites throughout with closing figures, FX strategist comments, details) * Canadian dollar at C$1.3092 or 76.38 U.S. cents * Bond prices mostly higher across the maturity curve By Solarina Ho...
  
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• Euro ministers give blessing to Greek bailout, wooing IMF on debt

  14-08-2015 22:30 via news.yahoo.com
  
  By Alastair Macdonald and Lefteris Papadimas BRUSSELS/ATHENS (Reuters) - Finance ministers from the euro zone gave their final blessing to lending Greece up to 86 billion euros ($95.5 billion) after the parliament in Athens agreed to stiff conditions overnight. After six hours of talks in Brussels, ministers said in a statement: "The Eurogroup considers that the necessary elements are now in place to launch the relevant national procedures required for the approval of the ESM financial assi
  
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• IMF's Lagarde calls on Europe to provide 'significant' debt relief for Greece

  14-08-2015 22:26
  WASHINGTON, Aug 14 (Reuters) - The head of the International Monetary Fund (IMF) on Friday pressed Europe to provide "significant" debt relief for Greece, saying Athens could not put its fiscal house...
  
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• France's Sapin hails deal on Greek bailout as European success

  14-08-2015 22:26
  PARIS, Aug 14 (Reuters) - French Finance Minister Michel Sapin on Friday hailed the agreement by euro zone finance ministers to launch a third bailout programme for Greece as a success for Athens and...
  
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• Eurogroup will consider longer Greek loan maturities-Greek official

  14-08-2015 22:25
  ATHENS, Aug 14 (Reuters) - The euro zone is ready to take action, including extending loan maturities, to ensure the sustainability of Greek debt and the involvement of the International Monetary...
  
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• Eurogroup's Dijsselbloem says third bailout deal gets Greece on sustainable track

  14-08-2015 22:24 via news.yahoo.com
  
  BRUSSELS (Reuters) - Eurogroup chairman Jeroen Dijsselbloem said the bailout deal confirmed on Friday would get Greece's economy back on to a sustainable track.
  
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• UPDATE 1-Speculators lift dollar longs to near 4-month high-CFTC, Reuters

  14-08-2015 22:24
  (Adds table, details on U.S. dollar, euro, and yen contracts) Aug 14 (Reuters) - Speculators boosted bullish bets on the U.S. dollar to their highest since the third week of April, according to...
  
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• Exclusive: Gundlach's DoubleLine eyes RS Investments to grow equity business - sources

  14-08-2015 22:11
  
  NEW YORK (Reuters) - Jeffrey Gundlach's DoubleLine Capital is bidding to buy San Francisco-based fund manager RS Investments, in a move that would build the firm's equity offerings, two sources told...
  
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• Wall St. ends up on economic data, Greece

  14-08-2015 22:07 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks ended higher on Friday after upbeat U.S. economic data and as euro zone finance ministers agreed to launch a third bailout program for Greece.
  
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• Greece's euro partners approve billions in new loans

  14-08-2015 21:35 via news.yahoo.com
  
  BRUSSELS (AP) — Finance ministers of the 19-nation euro single currency group have approved the first 26 billion euros ($29 billion) of a vast new bailout package to help rebuild Greece's shattered economy.
  
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• New York state's pension assets slip after meager first quarter returns

  14-08-2015 21:11
  NEW YORK (Reuters) - Assets at New York state's retirement fund, the third largest public pension fund in the nation, fell by $2 billion in the first quarter of its fiscal year as meager investment...
  
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• UPDATE 2-Peltz's Trian picks up 7 pct stake in food distributor Sysco

  14-08-2015 20:26
  Aug 14 (Reuters) - Activist investor Nelson Peltz's hedge fund, Trian Partners, has picked up a more than 7 percent stake in Sysco Corp for about $1.6 billion, calling the largest U.S. food...
  
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• UK court grants bail to trader accused in 'flash crash'

  14-08-2015 20:16 via news.yahoo.com
  
  LONDON (AP) — A British court has granted bail to the financial trader accused of contributing to the 2010 Wall Street "flash crash."
  
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• Quebec pension fund says must raise 'game' to maintain returns

  14-08-2015 20:04 via news.yahoo.com
  
  By Allison Lampert MONTREAL (Reuters) - Caisse de depot et placement du Quebec, Canada's second-largest pension fund manager, said it will have to raise its "game" if it is to continue to deliver yields like the weighted average return of 5.9 percent it reported Friday for the first half of 2015. The Caisse, which manages public pension plans in the predominantly French-speaking province of Quebec, has said it is counting on yields from its infrastructure and real estate divisions to carry the l
  
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• Investors yank record levels of money from U.S. stock funds

  14-08-2015 20:02
  BOSTON (Reuters) - Investors pulled nearly $79 billion from U.S. stock funds during the first seven month of this year, more than in any previous year including the height of the financial crisis,...
  
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• US stocks edge higher as yuan and oil stabilize

  14-08-2015 19:51 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks made small gains on Friday as China's currency stabilized and oil edged up after hitting its lowest price in more than six years. Slightly disappointing European growth figures weighed on stock markets there.
  
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• Wall Street lackluster as oil prices weigh on positive data

  14-08-2015 19:21 via news.yahoo.com
  
  The Nasdaq fell, dragged down by biotech and chip stocks, and was poised to close lower for the week. U.S. producer prices rose for a third straight month in July, suggesting the drag on inflation from weaker oil prices was easing, while industrial output advanced at its strongest pace in eight months in July.
  
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• Rohatyn Group sells stake in Sharekhan to BNP

  14-08-2015 19:13
  BOSTON (Reuters) - The Rohatyn Group sold its stake in Sharekhan, India's leading online retail brokerage, to BNP Paribas, according to a source familiar with the deal, marking the latest in a series...
  
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• UPDATE 1-New York state's pension assets slip after meager Q1 returns

  14-08-2015 19:07
  NEW YORK, Aug 14 (Reuters) - Assets at New York state's retirement fund, the third largest public pension fund in the nation, fell by $2 billion in the first quarter of its fiscal year as meager...
  
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• Italy extends sluggish exit from recession

  14-08-2015 19:06 via news.yahoo.com
  
  Italy's economy expanded slightly in the second quarter of the year, extending the country's sluggish emergence from recession, official data showed Friday. The national statistics office ISTAT said gross domestic product (GDP) for the April to June period was 0.2 percent higher than in the first three months of 2015, and 0.5 percent higher than in the second quarter of last year. Most analysts and the Bank of Italy had been counting on quarter-on-quarter growth of 0.3 percent.
  
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• U.S. investors yank record levels of money from stock funds

  14-08-2015 19:06
  BOSTON, Aug 14 (Reuters) - In the first seven months of this year, investors pulled more money out of U.S. stock funds than in any year before, including during the height of the 2008 financial...
  
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• UPDATE 1-BNP Paribas to pay $115 mln to settle currency-rigging lawsuit-source

  14-08-2015 19:05
  NEW YORK, Aug 14 (Reuters) - BNP Paribas SA has agreed to pay $115 million to settle U.S. investor lawsuits accusing 16 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange...
  
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• Exclusive: GE expected to win EU approval for $14 billion Alstom deal - sources

  14-08-2015 19:03
  
  BRUSSELS (Reuters) - General Electricis expected to secure approval from European Union antitrust regulators for its proposed 12.4 billion euro ($13.8 billion) deal to buy French peer Alstom's ...
  
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• US EQUITY FUND OUTFLOWS WERE $14.3 BLN IN JULY - MORNINGSTAR

  14-08-2015 19:01
  US EQUITY FUND OUTFLOWS WERE $14.3 BLN IN JULY - MORNINGSTAR
  
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• Accused U.S. 'flash crash' trader wins bail in London

  14-08-2015 18:57 via news.yahoo.com
  
  Navinder Sarao, the London-based day-trader accused by the United States of a market manipulation that contributed to a Wall Street "flash crash" in 2010, was freed on bail on Friday after spending four months in prison. Sarao, who lived in a small, nondescript house near London's Heathrow Airport, was arrested by British police on a U.S. extradition warrant in April after being charged with wire fraud, commodities fraud and market manipulation by the U.S. Justice Department.
  
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• YTD OUTFLOWS FROM U.S. EQUITY FUNDS EXCEED ANY PREVIOUS ANNUAL OUTFLOWS SINCE 1993 - MORNINGSTAR

  14-08-2015 18:57
  YTD OUTFLOWS FROM U.S. EQUITY FUNDS EXCEED ANY PREVIOUS ANNUAL OUTFLOWS SINCE 1993 - MORNINGSTAR
  
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• UPDATE 2-Accused U.S. "flash crash" trader wins bail in London

  14-08-2015 18:49
  LONDON, Aug 14 (Reuters) - Navinder Sarao, the London-based day-trader accused by the United States of a market manipulation that contributed to a Wall Street "flash crash" in 2010, was freed on bail...
  
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• UPDATE 3-J.C. Penney loss narrows as Sephora stores help attract shoppers

  14-08-2015 18:49
  * Shares jump as much as 9 pct (Adds analyst comments, update shares)
  
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• Nelson Peltz's Trian Partners picks 7 pct stake in Sysco

  14-08-2015 18:47
  Aug 14 (Reuters) - Activist investor Nelson Peltz's hedge fund, Trian Partners, has picked up a more than 7 percent stake in Sysco Corp, calling the largest U.S. food distributor's shares undervalued.
  
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• European stocks suffer worst week in more than a month

  14-08-2015 18:37
  LONDON, Aug 14 (Reuters) - European stocks slipped on Friday to record their worst week in more than a month, in the wake of China's currency devaluation.
  
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• Exclusive: GE expected to win EU approval for Alstom unit buy - sources

  14-08-2015 18:33
  
  BRUSSELS (Reuters) - General Electric isis expected to secure European Union antitrust approval for its proposed 12.4-billion-euro ($13.78 billion) buy of French peer Alstom'spower unit, two...
  
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• Ghana doctors to extend strike for two weeks - union

  14-08-2015 18:32 via news.yahoo.com
  
  ACCRA (Reuters) - Ghana's doctors unanimously agreed on Friday to extend their strike for two weeks while pressing government for a formal document to define their conditions of service, a senior leader for the Ghana Medical Association union told reporters. The strike, under which doctors refuse to see out-patients or admit new in-patients, is an early challenge to the government's adherence to an International Monetary Fund programme designed to restore economic stability.
  
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• S.Africa's rand halts losses, still vulnerable against dollar

  14-08-2015 18:31 via news.yahoo.com
  
  By 1530 GMT the rand edged 0.05 percent firmer to 12.8005 per dollar, soothed by signs that China's central bank had ceased pushing its currency lower to revive its slowing economy. The rand shed close to 2 percent this week, edging nearer to the 13.00 psychological mark against the dollar, as it consistently failed to hold breaks below 12.80. "Technical barriers around the psychological 13 rand per dollar mark will continue to be tested in the run-up to an expected start of U.S. monet
  
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• LATAM WRAP-LatAm spreads off wides after choppy trading all week

  14-08-2015 18:31
  NEW YORK, Aug 14 (IFR) - LatAm bonds were off recent wides on Friday after a rough and tumble week for the region following China's surprise devaluation of its currency.
  
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• GLOBAL MARKETS-World stocks set for weekly drop, bruised by China's yuan weakness

  14-08-2015 18:31
  NEW YORK, Aug 14 (Reuters) - Equities on world bourses were on track to end the week mostly lower at midsession Friday, after China's surprise currency devaluation on Tuesday.
  
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• Hedge funds added Apple shares in second quarter, filings show

  14-08-2015 18:30
  BOSTON, Aug 14 (Reuters) - Top U.S. hedge funds added shares of Apple Inc in the second quarter, even as shares of the iPhone maker were flat during the period.
  
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• Johnson Health Tech to pay US fine over exercise equipment defects

  14-08-2015 18:30
  WASHINGTON, Aug 14 (Reuters) - Johnson Health Tech agreed to pay a $3 million penalty for failing to report a defect with its Matrix Fitness Ascent Trainers and Elliptical Trainers that could spark...
  
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• Peru bourse slips 3 pct on fears it will be "frontier" market

  14-08-2015 18:29
  LIMA, Aug 14 (Reuters) - Peru's general stock exchange slipped 3 percent on Friday after index provider MSCI said it was considering nixing Peru's "emerging market" status because of low liquidity.
  
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• Euro zone bond yields rise after sturdy U.S. data

  14-08-2015 18:27
  LONDON, Aug 14 (Reuters) - Euro zone bond yields mostly rose on Friday after strong U.S. industrial and producer price data that may prompt the Federal Reserve to start hiking interest rates as soon...
  
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• Eurozone optimism after Greek lawmakers back bailout deal

  14-08-2015 18:16 via news.yahoo.com
  
  BRUSSELS (AP) — Greece's euro partners debated Friday whether to grant billions in new loans to rebuild its shattered economy and guard against default after the country's parliament passed a slew of painful reforms and spending cuts.
  
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• LATAM Airlines sees pickup in Brazil market

  14-08-2015 18:16
  SANTIAGO, Aug 14 (Reuters) - LATAM Airlines said it was seeing some pickup in the Brazilian market in July and August, following a worse-than-expected set of second-quarter results.
  
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• UPDATE 3-Ukraine and creditors to keep talking on elusive debt deal

  14-08-2015 18:13
  * Economy shrank 14.7 pct year-on-year in second quarter (Adds bondholder comments, Moody's)
  
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