Finance news

• Obama to travel to Turkey, the Philippines, Malaysia in November

  26-10-2015 23:56 via news.yahoo.com
  
  President Barack Obama will travel to Turkey, the Philippines and Malaysia from Nov. 14 to 22 to attend several summits, the White House said on Monday. On the trip, Obama will participate in the G20 summit in Turkey and the Asia Pacific Economic Cooperation summit in the Philippines, the White House said.
  
  Read more

• Short interest piled on Valeant ahead of scathing report

  26-10-2015 23:37 via news.yahoo.com
  
  Short interest in U.S.-traded Valeant Pharmaceuticals International Inc shares stood at its highest in nearly a year in the first half of October, exchange data showed on Monday, indicating bearish investors were stacking up against the stock even before a negative report torpedoed the shares last week. Short interest in Valeant shot up to 10.54 million shares, or about 3.1 percent of the stock available for trading, in the period to Oct. 14, according to FactSet Research Systems data cited by t
  
  Read more

• Indonesia's president says country intends to join TPP trade deal

  26-10-2015 22:40 via news.yahoo.com
  
  Indonesian President Joko Widodo, speaking after a meeting with U.S. President Barack Obama on Monday, said his country intends to join the Trans-Pacific Partnership trade deal the United States has forged with 11 other countries. "We are the largest economy in Southeast Asia," Widodo said through a translator. "And Indonesia intends to join the TPP." U.S. Trade Representative Michael Froman said the United States would keep sharing information about the TPP, which will set common standards on i
  
  Read more

• Indonesia's leader says his country to join Asia trade pact

  26-10-2015 22:37 via news.yahoo.com
  
  WASHINGTON (AP) — Indonesia's leader looked to cement his nation's growing ties with the United States, declaring after a meeting Monday with President Barack Obama that Southeast Asia's largest economy intended to join a sweeping U.S.-backed Pacific Rim trade deal.
  
  Read more

• Advertisement

• Obama wins Indonesian backing for Pacific trade pact

  26-10-2015 22:24 via news.yahoo.com
  
  US President Barack Obama won Indonesia's endorsement for a contentious trans-Pacific trade deal Monday, with the president of Southeast Asia's largest economy vowing to join. During a meeting with Obama at the White House, Joko Widodo risked the ire of economic nationalists at home and pledged to join the pact. "Indonesia is an open economy and with a population of 250 million, we are the largest economy in Southeast Asia," Widodo said in the Oval Office.
  
  Read more

• Dow, S&P 500 end down slightly as Apple, energy weigh

  26-10-2015 21:49 via news.yahoo.com
  
  The Dow and the S&P 500 edged lower on Monday as energy shares dropped with oil prices and Apple retreated a day before its quarterly results. Investors were cautious ahead of the Federal Reserve's two-day policy meeting, which begins on Tuesday. Apple shares fell 3.2 percent to $115.28, making it the biggest drag on all three major indexes, while a weak outlook from one of its suppliers, Dialog Semiconductor , led a fall in other semiconductors.
  
  Read more

• US STOCKS-Dow, S&P 500 end down slightly as Apple, energy weigh

  26-10-2015 21:43 via news.yahoo.com
  
  The Dow and the S&P 500 edged lower on Monday as energy shares dropped with oil prices and Apple retreated a day before its quarterly results. Investors were cautious ahead of the Federal Reserve's two-day ...
  
  Read more

• Equity markets ease after four-week rally; Fed meeting eyed

  26-10-2015 21:22 via news.yahoo.com
  
  Stock markets rallied last week on the potential that Japan's already-massive stimulus would be further increased after China cut interest rates last week and the European Central Bank indicated it may add to its asset purchase program in December. The Dow Jones industrial average fell 23.65 points, or 0.13 percent, to 17,623.05, the S&P 500 lost 3.97 points, or 0.19 percent, to 2,071.18 and the Nasdaq Composite added 2.84 points, or 0.06 percent, to 5,034.70.
  
  Read more

• Advertisement

• Dow, S&P 500 ends down with energy, Apple

  26-10-2015 21:12 via news.yahoo.com
  
  NEW YORK (Reuters) - The Dow and the S&P 500 edged lower on Monday after recent gains as energy shares fell with oil prices and Apple retreated a day before its quarterly results. Based on the latest available data, the Dow Jones industrial average fell 23.65 points, or 0.13 percent, to 17,623.05, the S&P 500 lost 3.97 points, or 0.19 percent, to 2,071.18 and the Nasdaq Composite added 2.84 points, or 0.06 percent, to 5,034.70. (Reporting by Caroline Valetkevitch; Editing by Nick Ziemins
  
  Read more

• US stocks slip as earnings reports fail to impress

  26-10-2015 21:11 via news.yahoo.com
  
  NEW YORK (AP) — Stocks are closing mostly lower as traders look ahead to a busy week of corporate earnings and a Federal Reserve meeting.
  
  Read more

• TREASURIES OUTLOOK-U.S. bond prices gain as softer stocks revive bids

  26-10-2015 20:45 via news.yahoo.com
  
  NEW YORK, Oct (HKSE: 3366-OL.HK - news) 26 (Reuters) - U.S. Treasuries prices rose on Monday, with benchmark yields retreating from two-week highs as stock market losses and disappointing data on domestic new home sales rekindled demand for low-risk government bonds. Bonds' gains were limited by typical investor caution ahead of a two-day Federal Reserve policy meeting and sales of existing holdings to make room for supplies of five-year and seven-year notes later this week. The yield reached a
  
  Read more

• Dow, S&P 500 inch down with Apple, energy stocks

  26-10-2015 20:36 via news.yahoo.com
  
  The Dow and the S&P 500 edged lower on Monday after recent gains as energy shares fell with oil prices and Apple retreated a day before its quarterly results. Apple was down 3.2 percent at $115.22, making it the biggest drag on the three major indexes, after a weak outlook from one of its suppliers, Dialog Semiconductor . Investors are also awaiting the Federal Reserve's two-day policy meeting, which begins on Tuesday.
  
  Read more

• US STOCKS-Dow, S&P 500 inch down with Apple, energy stocks

  26-10-2015 20:33 via news.yahoo.com
  
  The Dow and the S&P 500 edged lower on Monday after recent gains as energy shares fell with oil prices and Apple retreated a day before its quarterly results. Apple was down 3.2 percent at $115.22, making ...
  
  Read more

• TREASURIES-U.S. bond prices gain as softer stocks revive bids

  26-10-2015 20:23 via news.yahoo.com
  
  NEW YORK, Oct (HKSE: 3366-OL.HK - news) 26 (Reuters) - U.S. Treasuries prices rose on Monday, with benchmark yields retreating from two-week highs as stock market losses and disappointing data on domestic new home sales rekindled demand for low-risk government bonds. Bonds' gains were limited by typical investor caution ahead of a two-day Federal Reserve policy meeting and sales of existing holdings to make room for supplies of five-year and seven-year notes later this week. The yield reached a
  
  Read more

• French monthly unemployment figures see biggest drop since 2007 crisis

  26-10-2015 20:11 via news.yahoo.com
  
  The number of registered unemployed in France recorded in September its biggest monthly drop since the global economic crisis began in 2007, data showed Monday. Labour Minister Myriam El Khomri welcomed the fact that for the first time since 2011 that the number of jobless had dropped over a four-month period. With one in 10 French unemployed, President Francois Hollande has staked his political future on reducing unemployment, saying he will not stand for re-election in 2017 unless he begins to
  
  Read more

• Massachusetts regulator charges Fidelity unit over unregistered advisers

  26-10-2015 20:07
  BOSTON (Reuters) - Massachusetts' top securities regulator said on Monday he had charged a brokerage unit of Fidelity Investments with "dishonest and unethical conduct" by allowing unregistered...
  
  Read more

• US new-home sales tumble to near 1-year low

  26-10-2015 19:21 via news.yahoo.com
  
  New-home sales in the United States tumbled to a 10-month low in September, stirring concerns about the economy, but analysts said the overall housing market continues to grow steadily. The Commerce Department reported Monday that sales of new single-family houses fell to an annual rate of 468,000 last month, compared to 529,000 in August.
  
  Read more

• Some U.S. bond funds bet on high-yield survivors of oil carnage

  26-10-2015 19:12
  
  NEW YORK (Reuters) - High-yield energy bonds are on track for their worst year since the global financial crisis yet some funds are holding on, convinced that markets underestimate the ability of...
  
  Read more

• Equity markets retreat after four-week run; Fed meeting ahead

  26-10-2015 19:04 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - Global equity markets edged lower on Monday, pausing after a four-week rally ahead of policy announcements from central banks in the U.S. and Japan later in the week, while the dollar lost ground in the wake of soft U.S. housing data. Stock markets rallied last week on bets that Japan's already-massive stimulus would be further increased after China cut interest rates last week and the European Central Bank indicated it may add to its asset purchase prog
  
  Read more

• UBS hires four advisers from Merrill Lynch, Wells Fargo

  26-10-2015 18:42
  (Reuters) - UBS Wealth Management Americas said it had hired four financial advisers with about $765 million in assets under management from BofA Merrill Lynch and Wells Fargo & Co.
  
  Read more

• TREASURIES-U.S. bond prices rise as weaker stocks revive bids

  26-10-2015 18:35 via news.yahoo.com
  
  NEW YORK, Oct (HKSE: 3366-OL.HK - news) 26 (Reuters) - U.S. Treasuries prices rose on Monday, with benchmark yields retreating from two-week highs as stock market losses and disappointing data on domestic new home sales rekindled demand for low-risk government bonds. Bonds' gains were limited by typical investor caution ahead of a two-day Federal Reserve policy meeting and sales of existing holdings to make room for supplies of five-year and seven-year notes later this week. "It (Other OTC: ITGL
  
  Read more

• Observers give Ivorian vote thumbs-up in boost to Ouattara

  26-10-2015 18:28 via news.yahoo.com
  
  By Joe Bavier and Loucoumane Coulibaly ABIDJAN (Reuters) - Observers gave Ivory Coast's weekend presidential ballot a clean bill of health on Monday, despite complaints from opposition candidates, in a boost to President Alassane Ouattara who is widely expected to be re-elected. A former senior IMF official, Ouattara has led the West African nation to an economic revival in the wake of a 2011 civil war, helped by a boom in cocoa production for the world's largest grower. The commercial capital,
  
  Read more

• Greece says can shelter 20,000 more migrants with EU aid

  26-10-2015 17:39 via news.yahoo.com
  
  By Angeliki Koutantou and Lefteris Papadimas ATHENS (Reuters) - Greece said on Monday the European Union had offered to pay the costs of accommodating 20,000 more migrants in temporary camps on its islands as the bloc struggles to improve its management of the flow of refugees across Europe. More than half a million migrants have transited Greece so far this year, many of them fleeing Syria's civil war. Greece, mired in a multi-year economic crisis, made clear its readiness to provide shelter fo
  
  Read more

• Crude oil down, extending two-week slide on product glut worry

  26-10-2015 17:23 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Crude prices edged lower on Monday, staying under pressure after two straight weeks of losses, on worries that the oversupply in oil products could swell from unseasonably warm weather and the waning maintenance cycle for U.S. refineries. Influential Wall Street trading house Goldman Sachs warned of downside risk for oil prices through spring 2016 as U.S. and European storage utilization for distillates, which include diesel, neared historic highs. Traders
  
  Read more

• US stocks mostly lower in midday trade; LendingTree rockets

  26-10-2015 17:18 via news.yahoo.com
  
  NEW YORK (AP) — Stocks edged lower Monday afternoon as investors began another big week of company earnings and looked ahead to a policy meeting of the Federal Reserve. The Standard & Poor's 500 index remained positive for the year. The index moved into the black for the first time in two months on Friday, propelled by strong earnings from several big tech companies and the prospect of renewed support for the global economy.
  
  Read more

• Canadian housing agency says market to moderate in coming years

  26-10-2015 17:15 via news.yahoo.com
  
  Canadian housing market activity is likely to moderate over the next two years, the country's housing agency said on Monday, though 2015 was forecast to be modestly stronger than previously anticipated as low borrowing costs helped offset the drag of weaker oil prices. The Canadian Mortgage and Housing Corp (CMPC), a government-owned entity that helps some home buyers insure their mortgages, also forecast home prices will continue to climb, though not at as steep a pace as is forecast for this y
  
  Read more

• With global outlook weak, many U.S. companies tighten belts

  26-10-2015 16:46 via news.yahoo.com
  
  U.S. companies are far from optimistic that next year will see them get a break from the tough economic and market conditions they have faced in 2015. In the first three weeks of October, 165 American companies have cited the slowing global economy in their outlooks for earnings and revenue. Earnings and revenue have been depressed this year largely because of the strong dollar, economic weakness in China and Brazil, and tumbling oil and commodities prices.
  
  Read more

• Wall St. slightly down as Apple, energy stocks weigh

  26-10-2015 16:45 via news.yahoo.com
  
  (Reuters) - Wall Street was slightly down on Monday as energy stocks fell on concerns of a crude oil supply glut and Apple's shares retreated a day ahead of its quarterly results.
  
  Read more

• South Africa's rand firmer after weak U.S. data, stocks fall

  26-10-2015 16:29 via news.yahoo.com
  
  South Africa's rand recovered from three week lows on Monday, aided by a weak greenback after softer than expected U.S. new home sales dropped to near one-year low while stocks fell, led by telecommunications provider MTN. The greenback dipped as a steeper-than-forecast drop in new home sales stirred doubts about the U.S. economic recovery ahead of a two-day policy meeting of the Federal Reserve, where policy makers are expected to keep rates unchanged. While there has been an improvement in ris
  
  Read more

• German stocks gain on business confidence

  26-10-2015 15:55 via news.yahoo.com
  
  Frankfurt pushed higher on Germany's better-than-expected business confidence, while European markets overall were flat as investors stayed on the sidelines ahead of a US monetary policy meeting this week. On the upside, Frankfurt's DAX 30 rose 0.59 percent to 10,858.07 after a top survey showed that German business confidence dropped less than expected during October. Before the weekend, the region's markets had rallied on expectations of further economic stimulus for the eurozone, and after Ch
  
  Read more

• Bank of Canada Deputy Governor Cote to step down in January

  26-10-2015 15:10 via news.yahoo.com
  
  Bank of Canada Deputy Governor Agathe Cote, who has overseen the central bank's analysis of domestic economic developments, will retire at the end of January, the bank announced on Monday. As one of the six members of the Governing Council, she has shared responsibility for decisions on monetary policy and financial system stability. Unlike the case of the U.S. Federal Reserve or the Bank of England, Bank of Canada officials do not take independent public stances but are expected to speak with o
  
  Read more

• US new home sales fall sharply in September

  26-10-2015 15:09 via news.yahoo.com
  
  WASHINGTON (AP) — Sales of new homes plunged sharply in September to the slowest pace in 10 months, as higher prices and slower overall economic growth weigh on the housing market.
  
  Read more

• German economy shrugs off China worries, VW scandal

  26-10-2015 15:02 via news.yahoo.com
  
  German businesses are confident about the outlook for Europe's biggest economy, despite China's slowdown and the Volkswagen scandal, a top survey showed Monday, as the Bundesbank also insisted economic growth was still on track. The leading economic think-tank Ifo said in its closely-watched business confidence survey that concerns about slowing growth in China, the Volkswagen pollution-cheating scam and the massive influx of mostly Syrian refugees in Europe had dented optimism only slightly thi
  
  Read more

• Wall Street opens little changed, Fed in focus

  26-10-2015 14:40 via news.yahoo.com
  
  REUTERS - U.S. stocks were little changed on Monday ahead of this week's Federal Reserve policy meeting and quarterly earnings reports from key companies including Apple. The Dow Jones industrial average rose 5.28 points, or 0.03 percent, to 17,651.98, the S&P 500 lost 0.7 points, or 0.03 percent, to 2,074.45 and the Nasdaq composite index dropped 1.02 points, or 0.02 percent, to 5,030.84. (Reporting by Tanvi Mehta in Bengaluru; Editing by Saumyadeb Chakrabarty)
  
  Read more

• Conde faces battle to revive Guinea economy after reelection

  26-10-2015 14:16 via news.yahoo.com
  
  By Saliou Samb CONAKRY (Reuters) - Guinean President Alpha Conde's emphatic reelection appears to have subdued a combative opposition but a lingering Ebola outbreak and a slump in metals prices are dogging his plan to revive the West African state's economy. European Union observers gave the election a clean bill of health, despite organisational shortcomings, and the main opposition leader Cellou Dallein Diallo has not appealed to Constitutional Court against Conde's victory, although he has un
  
  Read more

• South Africa's MTN fined $5.2 bln in Nigeria, shares down 9 pct

  26-10-2015 14:12 via news.yahoo.com
  
  South Africa's MTN confirmed on Monday it was fined $5.2 billion by the Nigerian regulator for failing to disconnect subscribers with unregistered and incomplete SIM cards at its unit in Africa's biggest economy. Africa's largest mobile operator said in a statement that the Nigerian Communications Commission imposed the fine on MTN Nigeria and it relates to the timing of the disconnection of 5.1 million subscribers in August and September. "MTN Nigeria is currently in discussions with the NCC to
  
  Read more

• Wall Street set to open flat ahead of Fed meeting, results

  26-10-2015 14:08 via news.yahoo.com
  
  U.S. stocks were set to open little changed on Monday as investors paused ahead of a Federal Reserve policy meeting and key earnings reports later this week. The Fed will issue a statement on Wednesday, after a two-day meeting, which will scrutinized by investors for a bearing on when the central bank could raise interest rates. While Fed Chair Janet Yellen has said the central bank could raise rates this year, it will do so only if there are clear signs of sustained economic growth.
  
  Read more

• Dish to test automated TV ad sales

  26-10-2015 14:02 via news.yahoo.com
  
  By Malathi Nayak NEW YORK (Reuters) - Dish Network Corp will begin experimenting with automated ad sales, moving away from the pay-TV industry's years-old way of selling ads through phone calls, paperwork and in-person deal-making. Dish will open up a digital ad market to let advertisers buy linear television ads as a beta test before officially launching at a later date, the company said in a statement on Monday. Similar to the stock market, automated or programmatic ad technology allows each a
  
  Read more

• Global shares cool as easing expectations fade

  26-10-2015 13:48 via news.yahoo.com
  
  By Lionel Laurent LONDON (Reuters) - Stock markets cooled on Monday as euphoria about the prospect of further central bank policy easing faded, with investors warning against over-confidence ahead of another week of interest rate decisions. Comments on Monday from a key economic adviser to Prime Minister Shinzo Abe, who said the Bank of Japan did not need to boost its monetary stimulus as early as this week, have tempered expectations that Friday's policy review will see new action. Corporate ex
  
  Read more

• Corporate deals set to rise despite global economy jitters

  26-10-2015 13:13 via news.yahoo.com
  
  LONDON (AP) — There is no let-up in executives' appetite for corporate takeovers despite volatility in the stock market and mounting concerns over the global economy, particularly China.
  
  Read more

• Promise of Mongolia mining boom lures consumer brands

  26-10-2015 13:11 via news.yahoo.com
  
  ULAANBAATAR, Mongolia (AP) — Burger King has opened its first store in sparsely populated Mongolia, joining companies from Pizza Hut to Porsche in anticipating an economic boom from the Oyu Tolgoi copper and gold mine.
  
  Read more

• Futures indicate lower opening for TSX

  26-10-2015 12:49 via news.yahoo.com
  
  (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Monday amid fading hopes of further central bank policy easing around the world. December futures on the S&P TSX index were down 0.40 percent at 7:15 a.m. ET. No major economic events are scheduled for the day. Canada's main stock index rose on Friday, helping it post a 1.4 percent gain on the week, as shares of embattled Valeant Pharmaceuticals International Inc bounced and a range of financial and materia
  
  Read more

• Economists see modest Q4 growth, fewer firms giving raises

  26-10-2015 12:41 via news.yahoo.com
  
  NEW YORK (AP) — Many business economists expect modest economic growth for the rest of the year, with only a small percentage taking a more bullish outlook, according to a new survey.
  
  Read more

• Oil edges higher but glut swells storage

  26-10-2015 12:40 via news.yahoo.com
  
  Oil edged higher on Monday as investors prepared for a week of important economic indicators, but prices remained range-bound on indications that the global storage was nearing capacity. "Today, we have a consolidation in the price of oil. From our point of view the low-to-mid $40s constitutes a decent floor because it's deep into the cost curve of the U.S. shale oil industry," said Harry Tchilinguirian, global head of commodity strategy at BNP Paribas.
  
  Read more

• Goldman Enters Race To Buy £320m Notemachine

  26-10-2015 12:37 via news.yahoo.com
  
  Its vast profits mean it is often described as Wall Street's equivalent of a cash machine. Now, Goldman Sachs is looking to go into the business of owning ATMs by tabling a £300m offer to buy a company behind thousands of them. Sky News understands that Goldman's private equity division has joined forces with an unnamed Asian party to bid for Notemachine, which owns more than 8000 cash machines across the UK and Germany.
  
  Read more

• Stock futures lower as hopes of monetary easing fade

  26-10-2015 12:36 via news.yahoo.com
  
  * The Fed, which meets on Oct. 27-28, is scheduled to issue a statement on Wednesday. Investors will scrutinize it for a bearing on when the central bank could raise rates. * While Fed Chair Janet Yellen has said the central bank could raise rates this year, it would do so only if there are clear signs of sustained economic growth.
  
  Read more

• Corporate deals on the rise despite global jitters

  26-10-2015 12:30 via news.yahoo.com
  
  LONDON (AP) — There is no let-up in executives' appetite for corporate takeovers despite volatility in the stock market and mounting concerns over the global economy, particularly China.
  
  Read more

• General Atlantic to invest $173 mln in India's IIFL Wealth Management

  26-10-2015 12:23
  MUMBAI (Reuters) - U.S. buyout group General Atlantic has agreed to buy a 21.6 percent stake in India's IIFL Wealth Management for 11.2 billion rupees ($173 million), the first private equity...
  
  Read more

• Shire slumps after Credit Suisse cuts price target, earnings forecast

  26-10-2015 12:22 via news.yahoo.com
  
  (ShareCast News) - Shire Pharmaceuticals declined on Monday after Credit Suisse cut its price target and forecasts for 2016 earnings.
  
  Read more

• Planned stock market listings in Abu Dhabi held back by conditions

  26-10-2015 12:22 via news.yahoo.com
  
  New listings on the Abu Dhabi Securities Exchange may take a while until market conditions improve, its chief executive said on Monday. Low oil prices and regional turmoil are keeping volumes low on Abu Dhabi's stock market. "These companies are waiting for the right time, right conditions." He did not say how many companies want to issue shares or when they expect market conditions to get better.
  
  Read more

Follow @FinanceUSA_News on Twitter!