Finance news

• Belarus exit polls show victory for 'last dictator in Europe'

  11-10-2015 20:11 via news.yahoo.com
  
  By Andrei Makhovsky MINSK (Reuters) - Exit polls in Belarus showed President Alexander Lukashenko winning a fifth term by a landslide on Sunday in elections that could see an easing of relations with the West and raise questions about his ties to Vladimir Putin's Russia. Lukashenko's re-election five years ago led to mass protests and the imprisonment of leading opposition figures, but support for his 20-year-old regime has risen since he cast himself as a guarantor of stability in the face of e
  
  Read more

• Fed vice chair says rate hike 'expectation, not commitment'

  11-10-2015 19:31 via news.yahoo.com
  
  The US Federal Reserve's plan to raise interest rates by the end of the year is not guaranteed, although it remains the expected course of action, the central bank's vice chairman said Sunday. Last month, the Fed said it plans to raise rates later in 2015, assuming further improvement in the US labor market and continued economic growth. In his comments, on the sidelines of the International Monetary Fund's annual meeting in Lima, Peru, Fischer noted that the US economy continues to grow at a "m
  
  Read more

• Fed's Fischer says 2015 U.S. rate rise 'an expectation, not a commitment'

  11-10-2015 15:39 via news.yahoo.com
  
  (Reuters) - U.S. Federal Reserve policymakers are still likely to raise interest rates this year but that is “an expectation, not a commitment”, and could change if the global economy pushes the U.S. economy further off course, Federal Reserve Vice Chairman Stanley Fischer said. “Both the timing of the first rate increase and any subsequent adjustments to the federal funds rate target will depend critically on future developments in the economy,” Fischer told a group on t
  
  Read more

• Germany's Merkel rules out tax rises to pay for refugees

  11-10-2015 15:31 via news.yahoo.com
  
  German Chancellor Angela Merkel on Sunday ruled out tax increases to help deal with the biggest influx of refugees since World War Two. Asked whether she could give her word that there would be no tax increases in connection with the refugee crisis, Merkel replied: "Yes, definitely." On Saturday, the Sueddeutsche Zeitung reported that the German government and the European Commission were mulling a solidarity tax to help cover the costs of handling a record-breaking influx of asylum seekers. Wit
  
  Read more

• Advertisement

• Belarus poised to re-elect 'last dictator in Europe'

  11-10-2015 14:14 via news.yahoo.com
  
  By Andrei Makhovsky MINSK (Reuters) - Belarus President Alexander Lukashenko appeared certain to be re-elected on Sunday for a fifth term that could see an easing of relations with the West and raise questions about his ties to Vladimir Putin's Russia. Lukashenko's re-election five years ago led to mass protests and the imprisonment of leading opposition figures, but support for his 20-year-old regime has risen since he cast himself as a guarantor of stability in the face of economic crisis and
  
  Read more

• MIDEAST STOCKS-Saudi continues rebound on petchems; Egypt up

  11-10-2015 11:13 via news.yahoo.com
  
  DUBAI, Oct 11 (Reuters) - Saudi Arabia's stock market rebounded early on Sunday as beaten-down petrochemical shares were bought on hopes that oil prices may have bottomed, while merger activity in the financial sector supported Egypt. Brent oil's strong recovery above $50 a barrel last week made many investors more comfortable with petrochemical stocks. Sector leader Saudi Basic Industries (SABIC) climbed 3.8 percent to 89.75 riyals on Sunday. Two other petchems were among the 10 most traded sto
  
  Read more

• Egypt expects $1.5 bln in loans from World Bank, AfDB by end-2015

  11-10-2015 10:41 via news.yahoo.com
  
  Egypt expects to receive $1.5 billion in loans from the World Bank and African Development Bank (AfDB) by the end of 2015, Prime Minister Sherif Ismail said, as part of efforts to boost foreign currency reserves and bolster the economy. Asked by Reuters when the World Bank and AfDB loans would arrive, Ismail said: "it will be before the end of 2015." Egypt has struggled to revive its economy since the 2011 revolt removed Hosni Mubarak from power and ushered in a period of economic and political
  
  Read more

• UN, World Bank to launch refugee and reconstruction bonds

  11-10-2015 10:38 via news.yahoo.com
  
  International agencies plan to raise billions of dollars to tackle the worsening refugee crisis in the Middle East and North Africa by issuing new bonds to help displaced people and support reconstruction in the war-torn region. The United Nations, World Bank and Islamic Development Bank announced the proposal on Saturday after global policymakers met to discuss ways to ease the growing humanitarian and economic crisis stemming from conflicts in countries including Syria, Iraq, Yemen and Libya.
  
  Read more

• Advertisement

• Pragmatic Tsipras postpones Greek revolution, trouble lurks

  11-10-2015 10:08 via news.yahoo.com
  
  By Paul Taylor ATHENS (Reuters) - Listening to Greek Prime Minister Alexis Tsipras and his re-elected leftist government, you would think the revolution had been postponed, not canceled. To be sure, Tspiras has largely jettisoned the anti-austerity rhetoric with which his Syriza party swept to power in January, taking Greece to the brink of economic collapse and ejection from the euro currency within six months. "This is the first Greek government to be elected with the pledge to implement, not
  
  Read more

• China calm over TPP isolation as it pursues regional deals

  11-10-2015 07:41 via news.yahoo.com
  
  A new US-led Pacific trade pact that pointedly excludes China could see it lose influence and key export markets, but observers say the web of bilateral deals Beijing has forged is enough to maintain its global clout. The signing last week of the Trans-Pacific Partnership (TPP) brings together 12 nations that account for about 40 percent of the global economy and would mark the biggest liberalisation of world trade in more than a decade. Beijing's commerce ministry this week called it "important
  
  Read more

• Exclusive: Brazil's Levy says he has president's backing, isn't quitting

  11-10-2015 03:57 via news.yahoo.com
  
  By Alonso Soto LIMA (Reuters) - Brazilian Finance Minister Joaquim Levy told Reuters on Saturday that President Dilma Rousseff backed his policies, and he intends to stay on the job as long as needed to put the books in order and pull the economy out of its slump. Market speculation that Levy, an orthodox economist widely respected among investors, was considering quitting her administration has added fuel to a political and economic crisis that has driven down the Brazilian real currency and pu
  
  Read more

• UPDATE 1-Former Anglo Irish Bank CEO Drumm arrested in Massachusetts

  11-10-2015 02:18
  Oct 10 (Reuters) - Former Anglo Irish Bank Chief Executive
  Officer David Drumm, who was seen as a culprit in Ireland's
  banking crisis, was arrested on Saturday in Massachusetts by
  U.S. marshals on an...
  
  Read more

• China-backed trade pact playing catch-up after U.S.-led TPP deal

  11-10-2015 02:02 via news.yahoo.com
  
  By Jack Kim SEOUL (Reuters) - Left outside the U.S.-backed Trans-Pacific Partnership (TPP) trade pact struck last week, China and India approach this week's talks for a huge Asia-wide equivalent with fresh urgency, lest competitor nations steal a march on export access. Beijing is a key driver of the Regional Comprehensive Economic Partnership (RCEP), a proposed 16-nation free-trade area that would be the world's biggest such bloc, encompassing 3.4 billion people. "Member countries will be under
  
  Read more

• Belarus poised to re-elect the 'last dictator in Europe'

  11-10-2015 01:16 via news.yahoo.com
  
  By Andrei Makhovsky MINSK (Reuters) - Belarussians head to the polls on Sunday to cast their vote in presidential elections all but certain to re-elect authoritarian incumbent Alexander Lukashenko for a fifth term. Lukashenko's re-election five years ago led to mass protests and the imprisonment of leading opposition figures, but support for his 20-year-old regime has risen after he cast himself as the guarantor of stability in the face of economic crisis and a pro-Russian separatist conflict in
  
  Read more

Follow @FinanceUSA_News on Twitter!