Finance news

• Thousands of Israelis protest gas deal with US's Noble

  07-11-2015 22:14 via news.yahoo.com
  
  Thousands of Israelis took to the streets in four major cities Saturday night to protest the impending approval of a multibillion dollar gas deal with US energy giant Noble Energy. Demonstrators in Tel Aviv were pushed back by police after attempting to block the traffic on a major artery. Police said approximately 4,000 people participated in the demonstration, which follows the Sunday resignation of Economy Minister Aryeh Deri.
  
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• Boeing seeks to tough out cheap-oil impact on jet sales

  07-11-2015 15:35 via news.yahoo.com
  
  Boeing sought on Saturday to downplay industry concerns about a slowdown in demand for the latest generation of fuel-saving jets, but acknowledged some airlines are keeping old planes in their fleets for longer due to weak oil prices. Pressure on airlines to reduce their biggest single cost has triggered record orders for next-generation planes that offer fuel savings in recent years, but the outlook has been clouded by a sharp fall in oil prices, undermining aerospace stocks. Boeing sales chief
  
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• Elections, earnings, elevated rate hike risk depresses markets

  07-11-2015 13:52 via news.yahoo.com
  
  Mumbai, Nov 7 (IANS) The outcome of the Bihar elections, coupled with heightened chances of a US rate hike and disappointing quarterly results, plunged the Indian equities markets for the second consecutive week. The barometer 30-scrip sensitive index (S&P Sensex) of the Bombay Stock Exchange (BSE), fell by 391.59 points or 1.46 percent to 26,265.24 points from its previous weekly close at 26,656.83 points. Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) posted losse
  
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• Singapore's NOL says in early talks with CMA CGM, Maersk on potential acquisition

  07-11-2015 12:01
  SINGAPORE (Reuters) - Neptune Orient Lines Ltd (NOL)said on Saturday that it was in preliminary talks with CMA CGM SA [CMACG.UL] and A.P. Moeller-Maerskon a potential acquisition of the...
  
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• Nigeria proposes 2016 budget of 7 to 8 trillion naira - vice presidency document

  07-11-2015 09:41 via news.yahoo.com
  
  By Felix Onuah ABUJA (Reuters) - The Nigerian government is proposing a budget of 7 to 8 trillion naira for 2016, up from 4.4 trillion this year, a document from the office of Vice President Yemi Osinbajo seen by Reuters showed on Friday. Nigeria, which has Africa's biggest economy and is the continent's top oil producer, faces its worst economic crisis in years brought on by the sharp fall in crude prices. The document, used as the basis for a presentation by Osinbajo to the cabinet during a tw
  
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• Apollo's bid for real estate business falls apart: WSJ

  07-11-2015 03:10
  (Reuters) - Private equity firm Apollo Global Management LLC'sdeal with entrepreneur Nicholas Schorsch to take control of a real-estate investment business with roughly $19 billion of assets has...
  
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• NY attorney general wields powerful weapon in Exxon climate case

  07-11-2015 02:04 via news.yahoo.com
  
  By Mica Rosenberg NEW YORK (Reuters) - A near century-old statute that gives New York state prosecutors unusually broad authority to prosecute securities fraud could prove a powerful weapon as Attorney General Eric Schneiderman probes Exxon Mobil Corp over whether the oil firm mislead the public and shareholders about the perils of climate change. The 1921 Martin Act, a wide-reaching state law, was dusted off in the early 2000s by former New York Attorney General Eliot Spitzer who used it to agg
  
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• U.S. bank merger recovery could get hurt by recent turkeys

  07-11-2015 01:49 via news.yahoo.com
  
  By Dan Freed and Dan Wilchins NEW YORK (Reuters) - The recent pickup in U.S. bank merger activity could slow down in the coming months after regional banks that announced deals last week were punished in the stock market, bankers said. When KeyCorp said on Friday that it agreed to buy First Niagara Financial Group, shares of both banks dropped fell, with KeyCorp dropping 7 percent and First Niagara slipping nearly 1 percent. When New York Community Bancorp agreed to buy Astoria Financial Inc, th
  
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• Some expect pause as US stocks rise for 6th straight week

  07-11-2015 00:37 via news.yahoo.com
  
  US stocks notched a sixth straight week of gains behind improving economic data, but analysts warned the rising odds of higher interest rates will challenge the durability of the rally. Gregori Volokhine, president of Meeschaert Capital Markets, said the increasing likelihood of higher US interest rates pushed the dollar up this week, a market move with broad implications for equities in the weeks ahead. "We've come a long way and the market needs to take a breather while it digests the informat
  
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• Fed's Brainard says caution warranted due to global risks

  07-11-2015 00:24 via news.yahoo.com
  
  By Jason Lange and Lindsay Dunsmuir WASHINGTON (Reuters) - Federal Reserve Governor Lael Brainard on Friday warned that raising U.S. interest rates could hit global growth enough to knock the U.S. economy off its current growth path. This could leave the U.S. economy particularly vulnerable because the central bank's benchmark interest rate is already close to zero. "The ability to offset spillovers from adverse developments in foreign economies with conventional policy is constrained, suggestin
  
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• Fox Business plan for U.S. Republican debate: stick to money issues

  07-11-2015 00:06 via news.yahoo.com
  
  During the next U.S. Republican presidential debate on Tuesday, Fox Business Network aims to keep the candidates talking about economic issues and avoid the criticism leveled at rival CNBC that it failed to keep the focus on substance. The stakes are high for Fox Business, a younger and smaller cable channel to CNBC that has a chance to attract new viewers from the millions likely to tune in for its first debate in the November 2016 presidential election. "For Fox Business, this is an important
  
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