Finance news

• Canada needs to keep an eye on low oil prices: finance minister

  14-11-2015 21:08 via news.yahoo.com
  
  By David Ljunggren BELEK, Turkey (Reuters) - Canada needs to keep a close eye on low oil prices, which the ruling Liberal Party took into consideration when drawing up an election platform that called for extra stimulus, new Finance Minister Bill Morneau said on Saturday. Morneau, speaking to reporters on the sidelines of a Group of 20 summit, also said U.S. Treasury Secretary Jack Lew was encouraged by the Liberals' plans for new infrastructure spending. The Liberals won the Oct. 19 election, i
  
  Read more

• Canadian pension funds to buy Chicago toll road operator for $2.8 bln

  14-11-2015 20:00
  
  TORONTO (Reuters) - Three of Canada's largest pension fund managers said on Friday that they would acquire the operator of the Chicago Skyway toll road for $2.8 billion.
  
  Read more

• Turkey: Soldiers kill 4 suspected militants day before G-20

  14-11-2015 19:02 via news.yahoo.com
  
  ISTANBUL (AP) — Turkish soldiers killed four suspected Islamic State militants Saturday and authorities detained 11 demonstrators a day before leaders of the G-20 group of economic powerhouses meet for a summit overshadowed by the slaughter in Paris.
  
  Read more

• G20-S.Africa drought could hit growth, employment -finance minister

  14-11-2015 15:26 via news.yahoo.com
  
  By Humeyra Pamuk BELEK, Turkey (Reuters) - South Africa's drought could have a "serious impact" on food prices and ultimately knock growth, employment and revenues in the continent's most advanced economy, Finance Minister Nhlanhla Nene said on Saturday. Nene also told Reuters in an interview on the sidelines of this weekend's G20 meeting in Turkey that state power company Eskom has "breathing space" before it needs to return to capital markets for funding. The drought, as South Africa heads int
  
  Read more

• Advertisement

• Bihar poll, earnings, economic data drown equity markets

  14-11-2015 13:52 via news.yahoo.com
  
  Mumbai, Nov 14 (IANS) Losing altitude for the third straight week, the Indian equity markets crashed to their lowest levels in around a month's time, as tailwinds from the Bihar election outcome and macro economic numbers unsettled investors. While, Bihar election verdict dragged the indices down by two percent on Monday, macro economic data drowned the equities markets to their lowest levels since late September. The barometer 30-scrip sensitive index (S&P Sensex) of the Bombay Stock Exchan
  
  Read more

• Chinese snack maker Dali Foods prices HK IPO at lower end, raises $1.14 billion: IFR

  14-11-2015 10:58
  
  HONG KONG (Reuters) - Chinese snacks and beverages-maker Dali Foods Group Company Ltd raised HK$8.87 billion ($1.14 billion) after pricing its Hong Kong initial public offering at the lower end of...
  
  Read more

• China welcomes IMF backing to make yuan world reserve currency

  14-11-2015 07:34 via news.yahoo.com
  
  China on Saturday welcomed backing from IMF experts that the yuan should be included in its reserve currencies, saying the move would strengthen the world's financial system. Now the world's second-largest economy, China asked last year for the yuan to be added to the elite basket of SDR currencies, but until recently it was considered too tightly controlled to qualify. It now looks likely the yuan will be formally admitted to the IMF's "special drawing rights" currency basket at the end of the
  
  Read more

• Wall St Weekahead - Investors face quagmire of falling earnings, higher rates

  14-11-2015 05:15 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Investors may wade into unknown territory next month as the Federal Reserve readies the first rate hike in nearly a decade amid a corporate earnings recession. S&P 500 earnings are on track to close their first reporting season of negative growth since the Great Recession and estimates call for sub-zero growth in the current quarter as well. "We can't think of any instances when the Fed was hiking during an (earnings) recession," said Joseph Zidle, port
  
  Read more

• Advertisement

• KaloBios to wind down operations, liquidate assets

  14-11-2015 03:55
  (Reuters) - KaloBios Pharmaceuticals Incis winding down its operations, a week after the drug developer said it was looking at strategic options.
  
  Read more

• IMF experts recommend inclusion of Chinese yuan in elite currency basket

  14-11-2015 02:05 via news.yahoo.com
  
  IMF experts recommended Friday that the Chinese yuan be included in the Fund's SDR basket of currencies, backing a strong push by Beijing to join the elite grouping. Now the world's second-largest economy, China asked last year for the yuan to be added to the grouping, but until recently the yuan's exchangeability on international markets has been deemed too tightly controlled by Beijing for it to fully qualify.
  
  Read more

• Nasdaq says to develop blockchain services in Estonia

  14-11-2015 01:23 via news.yahoo.com
  
  By John McCrank NEW YORK (Reuters) - Exchange and clearing house operator Nasdaq Inc plans to develop several applications for blockchain, the technology underpinning the digital currency bitcoin, using its Estonian settling and clearing business, a senior Nasdaq executive said on Friday. Nasdaq is on track to roll out the technology on its market for private companies, Nasdaq Private Market, later this year, helping firms keep track of the shares they issue and enabling them to almost instantan
  
  Read more

• U.S. judge sentences Alstom in bribery case, $772 mln fine

  14-11-2015 00:47
  Nov 13 (Reuters) - A federal judge in Connecticut on Friday sentenced the French industrial company Alstom SA to pay a $772.3 million criminal fine, the largest levied by the U.S. government in a...
  
  Read more

• Obama urges Congress to approve Pacific trade pact early in 2016

  14-11-2015 00:27 via news.yahoo.com
  
  President Barack Obama on Friday urged the U.S. Congress to quickly approve a 12-nation Pacific trade pact early in 2016, telling reporters the Trans-Pacific Partnership (TPP) was essential to the American economy as well as national security. Obama last week gave Congress 90 days' notice that he would sign the TPP deal, which seeks to remove trade barriers and set common standards in 40 percent of the world economy. Congress must approve the pact before it can take effect, but U.S. lawmakers ha
  
  Read more

• Oil slides, stocks drop; Paris attacks add to jitters

  14-11-2015 00:11 via news.yahoo.com
  
  U.S. stock index futures hit session lows after the close on Friday after France was rocked by multiple, near simultaneous attacks around Paris. Weaker-than-expected U.S. October retail sales weighed on U.S. stocks for much of the day, with Wall Street capping its worst week since August, and dragged U.S. Treasuries yields to their lowest levels in a week. Friday's Paris attacks could add to market jitters, analysts said.
  
  Read more

Follow @FinanceUSA_News on Twitter!