Finance news

• DoubleLine's Gundlach: Fed hike 'no-go more likely than most people think'

  15-11-2015 23:02 via news.yahoo.com
  
  By Jennifer Ablan NEW YORK (Reuters) - DoubleLine Capital co-founder Jeffrey Gundlach said on Sunday that the Federal Reserve may hesitate to raise rates given rocky economic and financial conditions, though the Paris attacks alone are unlikely to play a factor in next month's decision. The influential money manager, who recently warned that the U.S. Federal Reserve should not tighten monetary policy in December, said the Paris attacks could pressure stock markets around the globe, "which we kno
  
  Read more

• Paris attacks seen causing short-term global markets drop

  15-11-2015 22:37 via news.yahoo.com
  
  By Christopher McCall, Hideyuki Sano and Lionel Laurent SYDNEY/TOKYO/PARIS (Reuters) - Global stocks are set for a short-term sell-off on Monday after Islamist militants launched coordinated attacks across Paris that killed 129 people, but few strategists expect a prolonged economic impact or change in prevailing market directions. If anything, any initial damage to economic confidence, tourism and trade within Europe will likely reinforce the European Central Bank's resolve to ease monetary pol
  
  Read more

• As China firms walk out on Wall St., spurned investors demand payback

  15-11-2015 22:14 via news.yahoo.com
  
  As dozens plan buyouts and a return home in search of higher valuations, companies that were once Wall Street's darlings for the first time face the wrath of minority shareholders. In deals collectively worth $40 billion, some 33 mainland China companies have unveiled plans this year to be taken private and delisted from the Unites States, according to Thomson Reuters data. "We want to put as much pressure as possible," said portfolio manager Lin Yang at FM Capital, a Britain-based hedge fund ba
  
  Read more

• As China firms walk out on Wall Street, spurned investors demand payback

  15-11-2015 22:09 via news.yahoo.com
  
  As dozens plan buyouts and a return home in search of higher valuations, companies that were once Wall Street's darlings for the first time face the wrath of minority shareholders. In deals collectively worth $40 billion, some 33 mainland China companies have unveiled plans this year to be taken private and delisted from the Unites States, according to Thomson Reuters data. "We want to put as much pressure as possible," said portfolio manager Lin Yang at FM Capital, a Britain-based hedge fund ba
  
  Read more

• Advertisement

• Japan's Abe sees 'gradual improvement' in China ties: spokesman

  15-11-2015 21:24 via news.yahoo.com
  
  Japanese Prime Minister Shinzo Abe has told the G20 summit of global leaders that he sees an overall improvement in relations with China, a spokesman said on Sunday, although sticking points remain around the East China and South China Seas. China, the world's second-largest economy, and Japan, the third-largest, have a difficult political history, with relations stained by the legacy of Japan's World War Two aggression and conflicting claims over a group of East China Sea islets. "The prime min
  
  Read more

• Clinton's invoking of 9/11 to defend donations draws ire

  15-11-2015 17:36 via news.yahoo.com
  
  DES MOINES, Iowa (AP) — Hillary Rodham Clinton's campaign on Sunday defended her donations from Wall Street by saying she worked to help the financial sector rebuild after the Sept. 11, 2001, attacks and sought to address the abuses that led to an economic crisis.
  
  Read more

• G20 leaders pledge robust fight against patchy economy: draft communique

  15-11-2015 17:21 via news.yahoo.com
  
  By David Dolan BELEK, Turkey (Reuters) - The heads of the world's 20 largest economies pledged to use all of their policy tools to tackle uneven economic growth that falls short of expectations, according to a draft Group of 20 (G20) communique seen by Reuters on Sunday. As the G20 leaders gathered in Turkey for a two-day meeting on how to boost global growth, the economic discussions were overshadowed by deadly attacks claimed by Islamic State in Paris on Friday that left more than 120 people d
  
  Read more

• Regional tensions, Paris attacks hang over APEC summit

  15-11-2015 17:06 via news.yahoo.com
  
  By Rosemarie Francisco and Manuel Mogato MANILA (Reuters) - Regional tensions over the South China Sea and security concerns after the attack by Islamist militants on Paris could eclipse efforts by Pacific-rim leaders this week to boost trade and growth across a region of around 3 billion people. Market uncertainty, protectionist pressures and the need for difficult reform as trade growth slows will nevertheless be on the minds of close to 20 leaders attending the Asia-Pacific Economic Cooperati
  
  Read more

• Advertisement

• Russia's athletics ban stirs fears in doping-hit Kenya

  15-11-2015 17:04 via news.yahoo.com
  
  By Drazen Jorgic ITEN, Kenya (Reuters) - In Kenya's running heartlands, a spate of failed drug tests has fueled fears the East African nation could follow Russia in being suspended from world athletics over doping violations, threatening the region's economic lifeline. The unprecedented move to suspend Russia from international track and field competitions follows an explosive report by the World Anti-Doping Agency (WADA) alleging sweeping, state-sponsored use of performance-enhancing drugs. Ken
  
  Read more

• BRICS call on G20 to work harder on economic policy cooperation

  15-11-2015 15:21 via news.yahoo.com
  
  By Denis Dyomkin and Lidia Kelly BELEK, Turkey (Reuters) - The BRICS group of emerging nations called on the Group of 20 (G20) top developed and developing nations on Sunday to strengthen their macroeconomic policy cooperation to prevent bad effects from a weak global economy and reduce risks to growth. Leaders of Brazil, Russia, India, China and South Africa, who met on the sidelines of the G20 summit in the Turkish town of Antalya, said global economic recovery was not yet sustainable. "(This)
  
  Read more

• Romania PM announces technocrat cabinet, requires parliament support

  15-11-2015 15:09 via news.yahoo.com
  
  By Radu-Sorin Marinas BUCHAREST (Reuters) - Romania's Prime Minister-designate Dacian Ciolos unveiled a cabinet of technocrats with a one-year term on Sunday, including European Union experts, diplomats and civil society leaders, which is expected to win broad support in parliament. Last week, President Klaus Iohannis named the former European Commissioner Ciolos, 46, to head a cabinet to replace that of leftist Victor Ponta, who quit on Nov. 4 due to public anger over a deadly nightclub fire wh
  
  Read more

• Global markets brace for short-lived jolt after Paris attacks

  15-11-2015 14:33 via news.yahoo.com
  
  By Christopher McCall, Hideyuki Sano and Lionel Laurent SYDNEY/TOKYO/PARIS (Reuters) - Global stocks are set for a short-term sell-off on Monday after Islamist militants launched coordinated attacks across Paris that killed 129 people, but few strategists expect a prolonged economic impact or change in prevailing market directions. If anything, any initial damage to economic confidence, tourism and trade within Europe will likely reinforce the European Central Bank's resolve to easing monetary p
  
  Read more

• South Africa drought could hit growth, employment: finance minister

  15-11-2015 14:01 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

• Clinton plays defense on Iraq, Wall Street at U.S. Democratic debate

  15-11-2015 08:14 via news.yahoo.com
  
  By John Whitesides and Amanda Becker DES MOINES, Iowa (Reuters) - U.S. Democratic presidential front-runner Hillary Clinton played defense over her 2003 vote backing the U.S. invasion of Iraq and inched away from President Barack Obama on Syria and the rise of Islamic State militants during a contentious debate on Saturday. Clinton's rivals for the White House, Bernie Sanders and Martin O'Malley, took a more aggressive tone than in their first debate last month.
  
  Read more

• Clinton's mixing of 9/11 and Wall Street raises ire

  15-11-2015 07:36 via news.yahoo.com
  
  DES MOINES, Iowa (AP) — Hillary Rodham Clinton defended her campaign contributions from Wall Street by invoking her work to help the financial sector rebuild after the Sept. 11 attacks, raising eyebrows among her Democratic challengers and Republicans alike.
  
  Read more

• China's new Silk Road: boom or dust for Pakistan?

  15-11-2015 06:42 via news.yahoo.com
  
  A glossy highway and hundreds of lorries transporting Chinese workers by the thousands: the new Silk Road is under construction in northern Pakistan, but locals living on the border are yet to be convinced they will receive more from it than dust. The town of Sost is gateway to millions in customs duties, with its rickety stalls of corrugated iron engraved in Mandarin and Urdu, its cross-border secret agents and its dusty petrol station's abrupt service. It is the first stop along a new $46 bill
  
  Read more

• Clinton's Iraq vote, Wall Street stance criticized at U.S. Democratic debate

  15-11-2015 06:10 via news.yahoo.com
  
  By John Whitesides and Amanda Becker DES MOINES, Iowa (Reuters) - U.S. Democratic presidential front-runner Hillary Clinton came under heavy criticism in a debate on Saturday for her 2003 vote backing the U.S. invasion of Iraq, with rival Bernie Sanders linking it to regional chaos that aided the rise of Islamic State militants. Sanders and rival Martin O'Malley took a more aggressive tone with Clinton than in their first debate last month, also accusing her of being too cozy with Wall Street an
  
  Read more

• Clinton's Iraq vote, Wall Street stance criticised at U.S. Democratic debate

  15-11-2015 05:45 via news.yahoo.com
  
  By John Whitesides and Amanda Becker DES MOINES, Iowa (Reuters) - U.S. Democratic presidential front-runner Hillary Clinton came under heavy criticism in a debate on Saturday for her 2003 vote backing the U.S. invasion of Iraq, with rival Bernie Sanders linking it to regional chaos that aided the rise of Islamic State militants. Sanders and rival Martin O'Malley took a more aggressive tone with Clinton than in their first debate last month, also accusing her of being too cosy with Wall Street an
  
  Read more

• Global markets brace for short-term hit after Paris attacks

  15-11-2015 05:38 via news.yahoo.com
  
  By Christopher McCall and Hideyuki Sano SYDNEY/TOKYO (Reuters) - Global stocks are set for a short-term sell-off on Monday after Islamist militants launched coordinated attacks across Paris that killed 129 people, but analysts said a prolonged economic impact or market reaction was unlikely. President Francois Hollande has declared a state of emergency, ordering police and troops into the streets, and set three days of official mourning after the attacks he called an "act of war" by Islamic Stat
  
  Read more

• Obama set to challenge China at Asia-Pacific summit

  15-11-2015 05:10 via news.yahoo.com
  
  US President Barack Obama is set to challenge China when Asia-Pacific leaders gather in the Philippines this week, speaking out on a territorial row and lobbying to set pro-American trade rules. Chinese President Xi Jinping will also be in Manila for the Asia-Pacific Economic Cooperation (APEC) summit, an annual event that is meant to forge unity on free trade within the region. Philippine authorities had already undertaken their biggest security operation for the summit, which will gather leade
  
  Read more

• Clinton's Iraq vote, Wall Street stance criticized at Democratic debate

  15-11-2015 05:06 via news.yahoo.com
  
  By John Whitesides and Amanda Becker DES MOINES, Iowa (Reuters) - U.S. Democratic presidential front-runner Hillary Clinton came under heavy criticism in a debate on Saturday for her 2003 vote backing the U.S. invasion of Iraq, with rival Bernie Sanders linking it to regional chaos that aided the rise of Islamic State militants. Sanders and rival Martin O'Malley took a more aggressive tone with Clinton than in their first debate last month, also accusing her of being too cozy with Wall Street an
  
  Read more

Follow @FinanceUSA_News on Twitter!