Finance news

• Greek leftist Tsipras returns in unexpectedly decisive vote win

  20-09-2015 23:44 via news.yahoo.com
  
  By Renee Maltezou and Karolina Tagaris ATHENS (Reuters) - Greek leftist Alexis Tsipras stormed back into office with an unexpectedly decisive election victory on Sunday, claiming a clear mandate to steer Greece's battered economy to recovery. The vote ensured Europe's most outspoken leftist leader would remain Greece's dominant political figure, despite having been abandoned by party radicals last month after he caved in to demands for austerity to win a bailout from the euro zone. "Today in Eur
  
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• Malware hits Chinese apps in Apple App Store: cyber security blog

  20-09-2015 21:18 via news.yahoo.com
  
  (Reuters) - Some of the most popular Chinese names in Apple Inc's App Store were infected with malicious software, cyber security company Palo Alto Networks said in a blog on Sept. 18. Palo Alto Networks said the XcodeGhost malware infected several popular Apple iOS apps, including Tencent Holdings Ltd’s mobile chat app WeChat, car-hailing app Didi Kuaidi, and a music app from Internet portal NetEase Inc. The Wall Street Journal said in an article on Sunday that th
  
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• Merkel tells Europe: Germany can't cope with migrants alone

  20-09-2015 19:31 via news.yahoo.com
  
  By Gernot Heller LEIPZIG, Germany (Reuters) - Europe must share responsibility for coping with mass migration, Germany's chancellor said on Sunday, cautioning that her country could not shelter those who moved solely for economic reasons. "Germany is willing to help. "Europe must act together and take on responsibility.
  
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• China premier urges state sector reform

  20-09-2015 19:25 via news.yahoo.com
  
  Chinese Premier Li Keqiang urged reforms Sunday of inefficient state-owned enterprises as his government tries to restore confidence in its slowing economy, state media reported on Sunday. State-owned enterprises (SOE) "are in urgent need of reforms as... poor management [has] resulted in declining profits", Li said on Friday while presiding over a meeting on reform in the sector, according to the state-run news agency Xinhua. China is struggling to restore confidence after an extended plunge on
  
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• Fighting in Libya's Benghazi raises U.N. talks tensions

  20-09-2015 18:47 via news.yahoo.com
  
  Heavy fighting erupted over the weekend between forces from Libya's recognized government and Islamist militants in Benghazi, killing at least six and heightening tensions in U.N. peace negotiations. Benghazi is just one front in a wider conflict in Libya, where a battle between two rival governments and their armed allies is pushing the North African state to economic collapse four years after the fall of Muammar Gaddafi. At least six people were killed and ten wounded when fighting broke out o
  
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• MIDEAST WEEKAHEAD-Kuwait stock delistings threaten market's status

  20-09-2015 15:17 via news.yahoo.com
  
  * Kuwait market shrinks as others expand * Some firms complain about low valuations, liquidity * Others cite costs of maintaining listing * Regulator says oil companies could be listed * Effort to upgrade Kuwait to emerging market status By Ahmed Hagagy KUWAIT, Sept 20 (Reuters) - A rising tide of delistings from Kuwait's stock market threatens to widen a gap with rival bourses in the region as companies favour more dynamic economies such as Saudi Arabia and Dubai to sell shares. With a capitali
  
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• Dialog Semiconductor to buy Atmel for $4.6 billion

  20-09-2015 15:08 via news.yahoo.com
  
  FRANKFURT (Reuters) - German chipmaker Dialog Semiconductor has agreed to buy U.S. rival Atmel for about $4.6 billion, the German company said on Sunday. Dialog said Atmel shareholders would receive $4.65 in cash and "0.112 of a Dialog Semiconductor American Depository Share for each Atmel common share", resulting in the "economic equivalent" of $10.42 per Atmel share based on Dialog's closing price as of Sept. 18. On Friday, shares in Dialog closed at 45.325 euros apiece, while Atmel shares clo
  
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• Greece's Tsipras faces weary voters after reversal on bailout

  20-09-2015 13:26 via news.yahoo.com
  
  By Michele Kambas and John Stonestreet ATHENS (Reuters) - Greek leftist Alexis Tsipras made a last call on Sunday for weary voters to return him to power in a close-fought election, after a tumultuous year that saw him cave in to European demands for austerity to keep the country afloat. Both Tsipras and his conservative rival Vangelis Meimarakis, vying to take on the daunting task of steering the country through a refugee crisis as well as painful economic reforms, called for a high turnout as
  
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• Some Iraqis ditch fight against Islamic State for life in Europe

  20-09-2015 13:11 via news.yahoo.com
  
  There is no reason to be worried," said General Tahsin Ibrahim Sadiq.     But Saed Kakaei, adviser to the minister of peshmerga forces in northern Iraq's Kurdistan region, said while he could not provide a specific figure for how many peshmerga forces had left, the numbers were "concerning”.     The soldiers' departure highlights a pervasive sense of hopelessness among many Iraqis more than a year after Islamic State seized a third of their country's territory
  
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• Weary Greek voters trickle to polls in knife-edge election

  20-09-2015 09:29 via news.yahoo.com
  
  By Jeremy Gaunt and Michele Kambas ATHENS (Reuters) - Early voters in Greece were thin on the ground on Sunday to elect a government they will entrust with the daunting task of steering the country through painful bailout reforms and meeting the challenge of a growing refugee crisis. Alexis Tsipras, the firebrand leftist who lost his bitter fight with Europe's establishment to end harsh economic austerity against his country, seeks re-election a month after he resigned as prime minister. Final p
  
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• Australian PM appoints immigration hard-man Morrison as new treasurer

  20-09-2015 08:43 via news.yahoo.com
  
  By Lincoln Feast CANBERRA (Reuters) - Australian Prime Minister Malcolm Turnbull on Sunday appointed Scott Morrison treasurer, handing the conservative lawmaker the top economic job in his new cabinet in an effort to mend party divisions following the ouster of Tony Abbott. Morrison won both praise and condemnation as immigration minister for his ruthlessly efficient implementation of Australia's policy of turning back boatloads of asylum seekers arriving from Asia. Most recently, Morrison had b
  
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• Spain's economic recovery masks lingering jobs crisis

  20-09-2015 06:14 via news.yahoo.com
  
  Data shows Spain's economy recovering, but tell that to Javier Pichel: this summer he packed and left for the only place he could find a decent job -- Germany. Millions of Spaniards are scraping by on benefits, family handouts or working cash-in-hand as they wait for the apparent economic rebound to create the hundreds of thousands of jobs the government is promising. Experts say that these jobs are being created -- but that the problem is many of them only last a few days.
  
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• FBI launches investigation into Malaysian state fund 1MDB - WSJ

  20-09-2015 05:54 via news.yahoo.com
  
  The U.S. Federal Bureau of Investigation (FBI) has launched an investigation into allegations of money-laundering at troubled Malaysian state fund 1MDB, the Wall Street Journal reported on Sunday citing an unidentified source. The scope of the investigation into the debt-laden 1Malaysia Development Berhad (1MDB) was not clear, said the newspaper, which cited "a person familiar with the matter". Neither the FBI nor 1MDB responded to a request for comment.
  
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• MIDEAST STOCKS - Factors to watch - Sept 20

  20-09-2015 04:57 via news.yahoo.com
  
  DUBAI, Sept 20 (Reuters) - Here are some factors that mayaffect Middle East stock markets on Sunday. Reuters has notverified the press reports and does not vouch for theiraccuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Global stocks fall after Fed holds ratessteady * U.S. crude tumbles 5 pct; Wall Street selloff offsets rigdata * MIDEAST STOCKS-Gulf markets pull back alongside oil; Egyptflat * Gold at near 3-week high as Fed rate decision weighs onequities * U.S. airline CEOs to meet with Kerr
  
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• FBI launches investigation into Malaysian state fund 1MDB: WSJ

  20-09-2015 04:49 via news.yahoo.com
  
  The U.S. Federal Bureau of Investigation (FBI) has launched an investigation into allegations of money-laundering at troubled Malaysian state fund 1MDB, the Wall Street Journal reported on Sunday citing an unidentified source. The scope of the investigation into the debt-laden 1Malaysia Development Berhad (1MDB) was not clear, said the newspaper, which cited "a person familiar with the matter". Neither the FBI nor 1MDB responded to a request for comment.
  
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• A divided Fed pits world's woes against domestic growth

  20-09-2015 00:40 via news.yahoo.com
  
  Federal Reserve policymakers appeared deeply divided on Saturday over how seriously problems in the world economy will effect the U.S., a fracture that may be difficult for Fed Chair Janet Yellen to mend as she guides the central bank's debate over whether to hike interest rates. Bullard, who does not have a vote this year on the Fed's main policy-setting committee, said he would have joined Richmond Fed President Jeffrey Lacker's dissent, and worried the central bank had paid too much attention
  
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