Finance news

• MSCI adds Alibaba, other U.S.-listed China shares to indexes

  12-11-2015 23:58
  
  NEW YORK (Reuters) - MSCI will add Alibaba Group, Baidu.com and a dozen other overseas-listed Chinese shares to its emerging market index beginning on Dec. 1, in a move that is expected to draw...
  
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• U.S. stock funds see first outflows in five weeks: Lipper

  12-11-2015 23:35
  NEW YORK (Reuters) - Investors in U.S.-based stock funds withdrew $1 billion in cash during the week that ended Nov. 11, marking the first outflows from those funds in five weeks, Lipper data showed...
  
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• MSCI to include Alibaba, Baidu, 12 other China ADRs in EM index

  12-11-2015 23:34
  
  NEW YORK (Reuters) - Index provider MSCI will add 14 U.S.-listed Chinese shares to its emerging markets index for the first time on Dec. 1, including Chinese Internet companies Alibaba and Baidu Inc,...
  
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• Alonso says he has been in 'economy mode'

  12-11-2015 23:31 via news.yahoo.com
  
  McLaren's Fernando Alonso says he has been 'on standby', or economy mode, this season to save his energies for what the Spaniard hopes will be a much better 2016. "When you are at the front and you have more motivation that helps...but I'm on standby, let's say, in economy mode, to have full energy next year." Alonso joined McLaren at the end of last season from Ferrari, where he finished championship runner-up in three of his five seasons at Maranello. At McLaren, he and British team mate Jenso
  
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• Motor racing-Alonso says he has been in 'economy mode'

  12-11-2015 23:29 via news.yahoo.com
  
  McLaren's Fernando Alonso says he has been 'on standby', or economy mode, this season to save his energies for what the Spaniard hopes will be a much better 2016. "When you are at the front and you have more motivation that helps...but I'm on standby, let's say, in economy mode, to have full energy next year." Alonso joined McLaren at the end of last season from Ferrari, where he finished championship runner-up in three of his five seasons at Maranello. At McLaren, he and British team mate Jenso
  
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• UPDATE 1-Applied Materials revenue rises on sales to memory chip makers

  12-11-2015 23:17
  Nov 12 (Reuters) - Applied Materials Inc, the world's largest maker of machinery used to make semiconductor chips, reported a 4.6 percent rise in revenue, helped by demand from companies making...
  
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• GM to sell Chinese-made cars in the US: report

  12-11-2015 22:58 via news.yahoo.com
  
  General Motors plans to sell Chinese-made cars in the United States beginning early next year, a first for a major automaker, The Wall Street Journal reported Thursday. GM, the top US automaker, will introduce the Buick Envision, a midsize sport-utility vehicle made in Shandong province, the Journal said, citing unidentified people familiar with the plan. The move would add a third SUV to Buick's lineup in the US, joining the Encore, built in South Korea, and the Enclave, built in Michigan.
  
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• Wall St. suffers biggest drop since September

  12-11-2015 22:40 via news.yahoo.com
  
  (Reuters) - Wall Street suffered its worst session in over a month on Thursday as lower commodity prices weighed on energy and materials stocks and comments by a Federal Reserve policymaker hinted at an approaching interest-rate hike.
  
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• Hulu in talks to sell stake to Time Warner: WSJ

  12-11-2015 22:37 via news.yahoo.com
  
  (Reuters) - Hulu is looking to sell a stake to Time Warner Inc in talks that would value the video-streaming service provider at above $5 billion, The Wall Street Journal reported. The talks include cash investment and content licensing, the Journal reported, citing people familiar with the matter. (http://on.wsj.com/1lm7XhX) Time Warner would be an equal stakeholder with other current Hulu owners, the newspaper reported. Time Warner declined to comment, while Hulu was not immediately available
  
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• Wall Street suffers biggest drop since September

  12-11-2015 22:32 via news.yahoo.com
  
  Wall Street suffered its worst session in over a month on Thursday as lower commodity prices weighed on energy and materials stocks and comments by a Federal Reserve policymaker hinted at an approaching interest-rate hike. The rout hit all 10 major S&P sectors and pushed the Dow and S&P 500 below their 200-day moving averages, which some traders believe portends additional declines. Investors are keeping a watchful eye on whether the Fed in December will raise rates for the first time in
  
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• Global stocks drop on weak commodities, U.S. rate hike hint

  12-11-2015 22:31 via news.yahoo.com
  
  By David Gaffen and Herbert Lash NEW YORK (Reuters) - Global equity markets fell on Thursday, pulled lower by declining commodity prices that hurt energy shares, and comments by a Federal Reserve policymaker who hinted that a widely-anticipated interest rate hike next month is possible. Gold fell to its lowest level since early 2010 on concerns about a rate hike by the U.S. central bank, and copper prices tumbled to their weakest in more than six years. Weakness on Wall Street, a drop in commodi
  
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• Stocks drop on weak commodities, U.S. rate hike hint

  12-11-2015 22:24 via news.yahoo.com
  
  By David Gaffen and Herbert Lash NEW YORK (Reuters) - Global equity markets fell on Thursday, pulled lower by declining commodity prices that hurt energy shares, and comments by a Federal Reserve policymaker who hinted that a widely-anticipated interest rate hike next month is possible. Gold fell to its lowest level since early 2010 on concerns about a rate hike by the U.S. central bank, and copper prices tumbled to their weakest in more than six years. Weakness on Wall Street, a drop in commodi
  
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• Purplebricks Finds £230m Stock Market Home

  12-11-2015 22:12 via news.yahoo.com
  
  Purplebricks, the online estate agent backed by the City's top fund manager, is preparing to press the button on a stock market listing valuing it at close to £250m. Insiders said on Thursday that Purplebricks had appointed Zeus Capital, an investment bank, to steer it through a flotation. Initial soundings taken from City institutions suggest there is significant demand for Purplebricks' shares even at a valuation of up to £250m, one said.
  
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• U.S. lifts economic sanctions against Liberia: White House

  12-11-2015 22:05 via news.yahoo.com
  
  The United States lifted economic sanctions against Liberia on Thursday as President Barack Obama cited the country's "tremendous progress" and commitment to democracy since emerging from civil war in 2003, the White House said. "The United States congratulates the people of Liberia for their determination, ingenuity, and commitment to peace and democracy that has made this possible," National Security Council spokesman Ned Price said in a statement. "Liberia has worked to overcome not only the
  
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• Kerry to discuss loan guarantee, security, democracy with Tunisia

  12-11-2015 21:42 via news.yahoo.com
  
  U.S. Secretary of State John Kerry will discuss a $500 million loan guarantee, security cooperation, and support for Tunisia's democratic transition when he visits Tunis on Friday, a senior U.S. official said on Thursday. The United States said on May it was prepared to consider a loan guarantee of up to $500 million for Tunisia if the funding was needed to help advance economic reforms there. "We are going to be talking to them ... about how we might be able to do that," a senior State Departme
  
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• 4 ways humans will live and collaborate with robots

  12-11-2015 21:28 via news.yahoo.com
  
  Robots killing us isn't our biggest issue anymore. Here are important perspectives from Next:Economy on how humans will interact with robots in the near future.
  
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• Senate Judiciary Committee to hold Dec. 1 hearing on Puerto Rico

  12-11-2015 21:12
  SAN JUAN, Nov 12 (Reuters) - Senator Chuck Grassley, who
  chairs the Senate Judiciary Committee, said on Thursday he will
  convene a hearing on Puerto Rico's financial turmoil on Dec. 1.
  
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• Waiting too long on inflation heightens risks: Fed's Dudley

  12-11-2015 20:46 via news.yahoo.com
  
  Waiting for inflation to pick up before quickly tightening monetary policy heightens the risk of an economic hard landing, New York Fed President William Dudley said on Thursday. "I don't favor waiting until I sort of see the whites in inflation's eyes," said Dudley, who has a permanent vote on the Fed's policy-setting committee.
  
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• Fed officials lay case for December liftoff

  12-11-2015 20:46 via news.yahoo.com
  
  "I see the risks right now of moving too quickly versus moving too slowly as nearly balanced," New York Fed President William Dudley said in remarks delivered at the Economic Club of New York on Thursday. Dudley, who has a permanent vote on the Fed's policy-setting committee, said the decision still required policymakers to "think carefully" because of the risk that the United States is facing chronically slower growth and low inflation that would justify continued low rates. For much of Janet Y
  
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• Wall St. loses ground as commods weigh; rate hike in focus

  12-11-2015 20:42 via news.yahoo.com
  
  The rout hit all 10 major S&P sectors and pushed the Dow and S&P 500 below their 200-day moving averages. Investors are keeping a watchful eye on whether the Fed in December will raise interest rates for the first time in nearly a decade, as is widely expected after recent strong jobs data. In a speech on Thursday, Fed Chair Janet Yellen did not comment on the economy or the timing of a rate hike.
  
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• Canada PM Trudeau says trade impact part of any Bombardier aid decision

  12-11-2015 20:30 via news.yahoo.com
  
  OTTAWA (Reuters) - When the Canadian government decides on whether to give aid to Bombardier Inc, it will take into account any possible trade challenge that might arise as a result, Prime Minister Justin Trudeau said on Thursday. "We will ensure that any decision taken is in the best interests of Canadians based on a strong economic case, but concerns about international impacts I'm sure will fold into any decision we take in a responsible manner," the Liberal leader said when asked by a report
  
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• Bond yields, stocks drop after Draghi comments

  12-11-2015 20:10 via news.yahoo.com
  
  By David Gaffen and Herbert Lash NEW YORK (Reuters) - U.S. and European government bond yields dropped on Thursday on indications of further monetary policy stimulus by the European Central Bank, while stocks fell, led by sectors most influenced by weak global demand trends. The dollar had rallied against the euro after remarks by ECB head Mario Draghi, who warned that price inflation, a key measure of economic health, was lagging. "Should we find ourselves in a persistent state of low nominal i
  
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• Massachusetts regulator charges RCS Capital unit with proxy voting fraud

  12-11-2015 19:24
  BOSTON (Reuters) - Massachusetts' top securities regulator on Thursday charged a unit of RCS Capital Corp with fraudulently casting shareholder proxy votes, alleging fake accents were used to...
  
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• U.S. labor market data supportive of rate hike

  12-11-2015 19:12 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - New U.S. applications for unemployment benefits last week held steady at levels consistent with a strengthening labor market and job openings rose in September, encouraging signs for the Federal Reserve as it contemplates raising interest rates next month. Labor market resilience, despite faltering global growth, underscores the U.S. economy's strong fundamentals. Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 276,0
  
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• Wall Street at session lows as rate hike looms; commods weigh

  12-11-2015 19:09 via news.yahoo.com
  
  U.S. stocks hit session lows in early afternoon trading on Thursday, as a fall in commodity prices weighed on energy and materials stocks, and comments by several Federal Reserve policymakers pointed to an interest-rate hike next month. The rout hit all 10 major S&P sectors and pushed the Dow and S&P 500 below their 200-day moving averages. Investors are keeping a watchful eye on whether the Fed will raise interest rates off near-zero levels in December, as is widely expected after Frida
  
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• IMF urges Fed to delay rate hike until inflation evident

  12-11-2015 19:09 via news.yahoo.com
  
  The International Monetary Fund said Thursday that the US Federal Reserve should delay raising interest rates until there are clear signs of a pickup in inflation. In a report on global economic issues prepared for the November 15-16 Group of 20 summit in Antalya, Turkey, the IMF singled out the prospect of higher US rates as a particular challenge to the slow-growing world economy. For the Fed, which could begin raising rates in December after holding the benchmark federal funds rate near zero
  
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• China's ADRs rise ahead of MSCI inclusion

  12-11-2015 18:56
  NEW YORK (Reuters) - China company stocks that trade on U.S.-listed exchanges were mostly higher on Thursday as investors awaited index provider MSCI's announcement to add some well-known company...
  
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• From Australia to Zambia, slowing China economy causes pain

  12-11-2015 18:13 via news.yahoo.com
  
  China's economic troubles have dropped on the doorstep of a sun-weathered house at 18 Edgar St. in Port Hedland on Australia's northwest coast.
  
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• EU lawmakers reach 'broad understanding' on curbing bank trading risks

  12-11-2015 17:49 via news.yahoo.com
  
  By Francesco Guarascio and Huw Jones BRUSSELS/LONDON (Reuters) - European Union lawmakers have reached a "broad understanding" on new rules to curb risky trading in the bloc's biggest banks, a measure that is fiercely opposed by the banking sector. Draft rules were proposed in January 2014 and are seen as Europe's answer to the Volcker Rule on Wall Street to stop risks from trading hurting other parts of a bank, such as customer deposits. Lawmakers from the main parties in the European Parliamen
  
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• Trade deals, protests mark UK visit by India's Modi

  12-11-2015 17:43 via news.yahoo.com
  
  By Kylie MacLellan and Lisa Barrington LONDON (Reuters) - Britain and India were poised to sign 9 billion pounds of trade deals during a visit by Indian Prime Minister Narendra Modi, but his arrival on Thursday was overshadowed by protests over a perceived rise in intolerance back home. Modi got a warm welcome by British Prime Minister David Cameron, who has tried to cultivate closer ties with India to secure business opportunities in a fast-growing economy at a time when Modi has been prioritis
  
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• Wall St. falls as commodities weigh

  12-11-2015 17:40 via news.yahoo.com
  
  Crude oil prices hit 2-1/2 month lows, while copper and other metal prices tumbled to more than six-year lows, weighed down by a strong dollar, weak Chinese data and concerns about oversupply. Investors are also keeping a watchful eye on whether the Fed will raise interest rates off near-zero levels in December, a possibility Fed Chain Janet Yellen alluded to last week. Yellen said on Thursday the Fed must weigh impact of the new financial market landscape, but did not comment on the economy or
  
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• Deutsche Bank names new bosses for investment bank, global markets

  12-11-2015 17:20
  LONDON (Reuters) - Deutsche Bank has set up two management committees to run its Corporate and Investment Banking and Global Markets divisions, part of a shake-up of Germany's largest bank aimed at...
  
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• UPDATE 1-Mexico central bank flags weak growth, debates rate rise

  12-11-2015 16:55
  MEXICO CITY, Nov 12 (Reuters) - Most of Mexico's central bankers see weakening economic growth and tame inflation but debated whether interest rates should be raised to avert the exit of investors...
  
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• UK's Xchanging says receives takeover approach from CSC

  12-11-2015 16:55
  Nov 12 (Reuters) - Insurance-focused outsourcing company Xchanging Plc said it had received an approach from U.S.-based Computer Sciences Corp to acquire the company for about 421 million pounds....
  
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• MOVE-Citigroup banks on Europe with new DCM group

  12-11-2015 16:53
  LONDON, Nov 12 (IFR) - Citigroup has created a European cross border team to cover debt capital markets with the aim of "bringing international issuers outside EMEA into European debt capital...
  
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• UPDATE 2-European scientists say weedkiller glyphosate unlikely to cause cancer

  12-11-2015 16:51
  * Monsanto says confirms regulatory opinion glyphosate safe (Adds Swedish opposition, detail on new limits)
  
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• Fed's Lacker says a plan to return to gold standard would be 'unworkable'

  12-11-2015 16:51
  WASHINGTON, Nov 12 (Reuters) - A proposal floated by some Republican presidential candidates that the United States should return to a gold standard would be "unworkable," Richmond Federal Reserve...
  
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• Fed's Evans says concerned rate rises could undercut growth

  12-11-2015 16:51
  CHICAGO, Nov 12 (Reuters) - The Federal Reserve should go slow on raising U.S. interest rates so that it does not undercut the very recovery it has tried to support, a top Fed official said on...
  
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• Activist investor PSAM questions NCR deal with Blackstone-sources

  12-11-2015 16:49
  Nov 12 (Reuters) - Activist investor P. Schoenfeld Asset Management (PSAM) is questioning NCR Corp's motivation for striking a deal that gave Blackstone Group a major stake in the company, according...
  
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• UPDATE 2-Barrick sells stakes in four non-core assets for $720 million

  12-11-2015 16:48
  TORONTO, Nov 12 (Reuters) - Barrick Gold Corp said on Thursday it will sell its stakes in four non-core assets to two parties for a total of $720 million, putting it on track to meet its...
  
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• UPDATE 2-European return, Adidas deal give Man Utd revenue lift

  12-11-2015 16:46
  * Signs four sponsorship deals (Adds details, bullets, shares)
  
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• Bulgaria to start direct talks with banks over energy financing

  12-11-2015 16:44
  SOFIA, Nov 12 (Reuters) - Bulgaria's state energy holding company BEH will start direct talks with banks over 650 million euro ($697.65 million) debt after a tender to raise the funds collapsed,...
  
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• Fed should wait with liftoff to see firm inflation signs: IMF note

  12-11-2015 16:40 via news.yahoo.com
  
  The U.S. Federal Reserve should wait to see firm signs of rising inflation as well as a stronger labor market before hiking benchmark interest rates, an International Monetary Fund paper said on Thursday. In a report prepared for the upcoming Group of 20 meeting in Turkey, IMF staff said spare economic capacity and very low inflation justified keeping monetary policy loose in most major advanced economies.
  
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• UPDATE 3-Manulife profit misses expectations, hurt by energy losses

  12-11-2015 16:36
  TORONTO, Nov 12 (Reuters) - Manulife Financial Corp , Canada's biggest insurer, reported a lower-than-expected quarterly profit on Thursday, hurt by losses on oil and gas investments.
  
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• India sees UK as its gateway to Europe - PM Modi

  12-11-2015 16:35
  LONDON, Nov 12 (Reuters) - India considers Britain to be its gateway into Europe, Indian Prime Minister Narendra Modi said on Thursday when asked by a reporter about Britain's planned referendum on...
  
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• European shares headed for biggest fall since September

  12-11-2015 16:34
  * Aegon and RWE also fall after results (Recasts, adds detail, quote)
  
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• US Fed should wait with liftoff to see firm inflation signs -IMF note

  12-11-2015 16:30
  WASHINGTON, Nov 12 (Reuters) - The U.S. Federal Reserve should wait to see firm signs of rising inflation as well as a stronger labor market before hiking benchmark interest rates, an International...
  
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• EU regulators extend Staples, Office Depot probe to March 2

  12-11-2015 16:29
  BRUSSELS, Nov 12 - European Union antitrust regulators have extended their investigation into U.S. office supplier Staples' $6.3 billion bid for rival Office Depot by about three weeks to March 2...
  
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• Brazil president surveys dam disaster site; govt vows probe, audit of other dams

  12-11-2015 16:24
  MARIANA, Brazil, Nov 12 (Reuters) - President Dilma Rousseff on Thursday flew over a devastated part of Brazil's southeast region where two dams burst at an iron ore mine last week, killing at least...
  
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• Lasers hit aircraft in New York, Dallas; one suspect arrested

  12-11-2015 16:23
  Nov 12 (Reuters) - Dangerous beams from handheld lasers struck aircraft flying over two U.S. cities on Wednesday night, with police in New York arresting one man and an investigation in Dallas...
  
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