Finance news

• Wall Street surges over 1 percent, looks past Paris attacks

  16-11-2015 22:52 via news.yahoo.com
  
  Wall Street had its strongest session in three weeks on Monday, with sizeable gains in energy shares as investors bet Friday's deadly attacks in Paris would have little long-term impact on the U.S. economy and corporate earnings. U.S. oil prices rose after French air strikes in Syria in reaction to multiple attacks in Paris on Friday that killed 129 people, with Islamic State claiming responsibility. "Markets are slowly becoming more and more immune to these types of events," said John Brady, ma
  
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• Stocks surge, impact from Paris attacks seen limited

  16-11-2015 22:51 via news.yahoo.com
  
  By Herbert Lash NEW YORK (Reuters) - The dollar rose and global equity markets gained on Monday as analysts saw limited economic impact worldwide from Friday's attacks in Paris, although the sale of luxury goods and stocks geared to tourism in the French capital may suffer. Asian shares hit six-week lows overnight as investors bought safe-haven assets, including gold, the yen and low-risk government debt. But stocks on Wall Street climbed about 1 percent and European shares reversed early losses
  
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• Soros eliminates stake in Market Vectors Gold Miners in third-quarter: filing

  16-11-2015 22:50
  NEW YORK (Reuters) - Soros Fund Management LLC dissolved its stakes in the Market Vectors Gold Miners exchange-traded fund as well as Barrick Gold Corp in the third quarter of 2015, a filing with the...
  
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• SEC Commissioner Aguilar says will leave in December

  16-11-2015 22:46
  
  (Reuters) - U.S. SEC Commissioner Luis Aguilar plans to leave the agency in December, he said in a statement on Monday.
  
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• Wall St. surges over 1 percent, looks past Paris attacks

  16-11-2015 22:34 via news.yahoo.com
  
  (Reuters) - Wall Street had its strongest session in three weeks on Monday, with sizeable gains in energy shares as investors bet Friday's deadly attacks in Paris would have little long-term impact on the U.S. economy and corporate earnings.
  
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• World stocks surge, impact from Paris attacks seen limited

  16-11-2015 22:28 via news.yahoo.com
  
  NEW YORK (Reuters) - The dollar rose and global equity markets gained on Monday as analysts saw limited economic impact worldwide from Friday's deadly attacks in Paris, although the sale of luxury goods and stocks geared to tourism in the French capital may suffer.
  
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• Energy stocks lead a rally as the price of oil climbs

  16-11-2015 22:06 via news.yahoo.com
  
  The stock market is closing solidly higher, led by gains in energy companies as the price of oil turned higher after a recent slump.
  
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• Big hedge funds trimmed Apple stakes during third-quarter share slump

  16-11-2015 22:02
  
  NEW YORK (Reuters) - Top U.S. hedge funds trimmed their positions in Apple Inc during the third quarter, a period when shares of the iPhone maker fell 12 percent.
  
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• Wall Street jumps 1 percent, looks beyond Paris attacks

  16-11-2015 21:23 via news.yahoo.com
  
  Wall Street surged over 1 percent on Monday as investors bet Friday's deadly attacks in Paris would have little long-term effect on the U.S. economy and corporate earnings. U.S. oil prices rose after French air strikes in Syria in reaction to multiple attacks in Paris on Friday that killed 129 people, with Islamic State claiming responsibility. "Markets are slowly becoming more and more immune to these types of events," said John Brady, managing director at R.J. O’Brien & Associates in
  
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• World stocks edge higher, impact from Paris attacks seen limited

  16-11-2015 20:10 via news.yahoo.com
  
  By Herbert Lash NEW YORK (Reuters) - The dollar rose and global equity markets gained on Monday as analysts saw limited economic impact worldwide from Friday's attacks in Paris, although the sale of luxury goods and stocks geared to tourism in the French capital may suffer. Asian shares hit six-week lows overnight as investors bought safe-haven assets, including gold, the yen and low-risk government debt. But stocks on Wall Street climbed as European shares reversed early losses and the yen late
  
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• Ukraine creeps out of recession in third quarter

  16-11-2015 20:03 via news.yahoo.com
  
  Ukraine edged out of recession last quarter with 0.7 percent growth, official statistics showed Monday, as authorities eye the start of a lengthy path to recovery after a devastating economic collapse sparked by conflict. The Ukrainian economy is barely breathing after recession turned into financial collapse as a bloody armed conflict with pro-Russian insurgents wrecked the country's industrial east. The World Bank said in October it expects a slight uptick in the country's economy by the end o
  
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• US stocks move higher in afternoon trading

  16-11-2015 19:21 via news.yahoo.com
  
  U.S. stocks bounced higher in afternoon trading Monday, moving past any concerns that the terrorist attacks in Paris could spell trouble for the global economy. European markets shook off an early loss and ended mixed. Investors bid up shares in telecommunications companies and defense contractors. Travel-related stocks were down.
  
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• Wall St. rises as little impact seen from Paris attacks

  16-11-2015 19:06 via news.yahoo.com
  
  (Reuters) - U.S. stocks were higher in early afternoon trading on Monday after a choppy start as investors absorbed the impact of Friday's deadly attacks in Paris.
  
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• G20 sticks to goal to boost growth by extra 2 percent despite headwinds

  16-11-2015 18:50 via news.yahoo.com
  
  By David Dolan BELEK, Turkey (Reuters) - The leaders of the world's largest economies stuck to a goal of lifting their collective output by an extra 2 percent by 2018, even though growth remains uneven and weaker than expected globally, they said in a statement on Monday. In their final communique from a summit in Turkey, the leaders of the Group of 20 (G20) also endorsed plans to address the refugee crisis, taxation, climate change, cyber security and inequality, signs the grouping is increasin
  
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• Stocks edge higher, impact from Paris attacks seen limited

  16-11-2015 18:05 via news.yahoo.com
  
  By Herbert Lash NEW YORK (Reuters) - The dollar rose and U.S. and European equity markets gained modestly on Monday as analysts saw limited economic impact worldwide by the attacks in Paris on Friday, though the sale of luxury goods and tourism in the French capital may suffer. Gold rose from last week's six-year low as the attacks in Paris, in which 129 people were killed and hundreds wounded, prompted an initial bout of global risk aversion, though investor worries later faded. Police raided t
  
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• NYSE-owner ICE to buy commodities trading platform for $650 million

  16-11-2015 16:56 via news.yahoo.com
  
  (Reuters) - Intercontinental Exchange Inc , the owner of the New York Stock Exchange, said it would buy commodities trading platform Trayport from BGC Partners Inc and GFI Group Inc for about $650 million in stock.
  
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• Economic uncertainty, supply glut weigh on oil after Paris attacks

  16-11-2015 16:24 via news.yahoo.com
  
  Oil prices edged lower on Monday as investor concern about the economic impact from Friday's deadly attacks in Paris, claimed by Islamic State, and a global glut of crude supplies kept prices in check. France carried out large-scale air strikes against Islamic State sites in Syria overnight and lingering fear after Friday's attacks increased uncertainty over the outlook for the euro zone economy. An OPEC delegate from a Gulf oil-producing nation said he believed that oil prices could gain some s
  
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• Wall St. higher as modest impact seen from Paris attack

  16-11-2015 16:13 via news.yahoo.com
  
  (Reuters) - U.S. stocks rose in early trading on Monday with investors seeing little long-term economic impact from Friday's deadly attacks in Paris.
  
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• UPDATE 1-Clovis shares dive as FDA asks for more data on lung cancer drug

  16-11-2015 16:05
  Nov 16 (Reuters) - Clovis Oncology Inc said the U.S. Food and Drug Administration had asked for additional data on the effectiveness of its lung cancer drug, which could delay an approval for the...
  
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• US open: Stocks advance as Wall Street remains undeterred by Paris attacks

  16-11-2015 15:57 via news.yahoo.com
  
  (ShareCast News) - US equities pushed higher early on Monday, as Wall Street seemed unperturbed by the choppy session experienced by equities across the world in the wake of the attacks in Paris.
  
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• G20 says rise in global acts of terrorism endangers economy and peace

  16-11-2015 15:05 via news.yahoo.com
  
  The Group of 20 leading economies (G20) said on Monday the rise in terrorism undermined international peace and security and endangered efforts to strengthen the global economy. The statement, confirming a draft seen by Reuters on Sunday, said the G20 would work together to suppress and prevent terrorist acts and cut off financing for those who commit them. The 20 leading countries also pledged to exchange operational information and tighten border controls as well as global aviation security.
  
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• UPDATE 3-Marriott to buy Starwood to create world's biggest hotel chain

  16-11-2015 14:58
  * Starwood shares down about 5 pct premarket (Adds Marriott CEO comments, details; updates shares)
  
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• Clovis slumps after FDA asks for more data on lung cancer drug

  16-11-2015 14:58
  Nov 16 (Reuters) - Clovis Oncology Inc said the U.S. Food and Drug Administration asked for additional clinical data on the effectiveness of its experimental lung cancer drug, rociletinib, which...
  
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• Global stocks reverse losses as market impact from Paris attacks seen limited

  16-11-2015 14:16 via news.yahoo.com
  
  By Nigel Stephenson LONDON (Reuters) - European shares reversed early losses on Monday and the safe-haven yen fell against the dollar with analysts seeing no long-term economic impact from Friday's attacks in Paris. Asian shares hit six-week lows as investors bought traditionally safe investments, including gold, the yen and low-risk government debt. However, gold came off the day's highs, falls in bond yields moderated and the yen lost ground against the dollar. ...
  
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• Moroccan insurer AFMA aims to raise $18 million in share listing

  16-11-2015 13:53 via news.yahoo.com
  
  Moroccan insurance broker AFMA SA plans to raise 180 million dirham ($18 mln) in an initial public share offer, the country's stock market watchdog said on Monday. AFMA is owned by private Moroccan holding company Tenor group, which has subsidiaries in distribution, real estate and media. AFMA's revenues have increased by about 10 percent annually over the last three years and reached 82.8 million dirhams for the first half of 2015, the company's data showed.
  
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• Energy shares help FTSE to gain, tourism stocks fall

  16-11-2015 13:36
  LONDON Nov 16 (Reuters) - Britain's top stock index rose on Monday, with energy shares rallying after France launched fresh air strikes in Syria, although tourism-related stocks fell sharply...
  
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• Ivory Coast inflation rises to 2.5 pct in September: stats office

  16-11-2015 13:25 via news.yahoo.com
  
  ABIDJAN (Reuters) - Ivory Coast recorded consumer price inflation of 2.5 percent year-on-year in September, up from 1.2 percent in August, data from the National Statistics office showed on Monday. The monthly report showed that food and soft drink prices increased 0.7 percent, while housing and utility prices jumped 15.2 percent over the period. Healthcare prices climbed 1.9 percent and communications costs dropped 0.1 percent.     The economy of the world's top cocoa grower make
  
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• Putin tells UK Russia looks to focus more on Islamic State: source

  16-11-2015 13:15 via news.yahoo.com
  
  By Denis Dyomkin and Kylie MacLellan BELEK, Turkey (Reuters) - President Vladimir Putin told British Prime Minister David Cameron on the sidelines of a G20 summit in Turkey he was seeking to do more to focus Russian efforts on combating Islamic state, a source in Cameron's office said. The killing of 132 people in coordinated attacks across Paris on Friday shifted the focus of the usually economic summit onto terrorism. Islamic State, which holds large swathes of land in Syria and Iraq, claimed
  
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• Ghana's central bank raises benchmark policy rate to 26.0 pct

  16-11-2015 13:12 via news.yahoo.com
  
  The Bank of Ghana raised its main policy rate by 100 basis points to 26.0 percent on Monday to offset the risk of inflation, its governor Henry Kofi Wampah said. The West African nation is under a three-year aid programme worth $918 million with the International Monetary Fund (IMF) to restore fiscal balance to an economy dogged by a high fiscal deficit, a debt-to-GDP level close to 70 percent, and a falling currency. "Overall, the risks to inflation were on the upside and the indications are th
  
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• Finnish parliament will debate next year leaving euro zone

  16-11-2015 13:04 via news.yahoo.com
  
  By Jussi Rosendahl HELSINKI (Reuters) - Finland's parliament will debate next year whether to quit the euro, a senior parliamentary official said on Monday, in a move unlikely to end membership of the single currency but which highlights Finns' dissatisfaction with their country's economic performance. The decision follows a citizens' petition which has raised the necessary 50,000 signatures under Finnish rules to force such a debate, probably the first such initiative in any country of the 19-m
  
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• Nationwide hires BT Openreach boss as chief executive

  16-11-2015 13:02 via news.yahoo.com
  
  By Steve Slater LONDON (Reuters) - British mortgage lender Nationwide named former HSBC banker Joe Garner as chief executive on Monday, as the customer-owned group looks to take advantage of restructuring among the big stock market-listed banks who are its main competition. Garner, 46, currently an executive at telecoms company BT Group, will succeed Graham Beale, Nationwide chief since 2007, who said in May he planned to step down in 2016. Garner will take over in the spring.
  
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• UK's Nationwide hires BT Openreach boss as chief executive

  16-11-2015 12:57 via news.yahoo.com
  
  British mortgage lender Nationwide named former HSBC banker Joe Garner as chief executive on Monday, as the customer-owned group looks to take advantage of restructuring among the big stock market-listed banks who are its main competition. Garner, 46, currently an executive at telecoms company BT Group, will succeed Graham Beale, Nationwide chief since 2007, who said in May he planned to step down in 2016. Garner's departure from his position as chief executive of BT's infrastructure business Op
  
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• Stock futures inch up, reversing losses after Paris attacks

  16-11-2015 12:39 via news.yahoo.com
  
  * Global stocks held steady, with gains in the energy sector helping pare earlier losses in European shares. * The euro was at near 7-month lows against the dollar after the Paris attacks led to a bout of global risk aversion and kept investors cautious on the common currency. * Earlier Friday, U.S. stocks logged their largest weekly losses since August on the back of weak economic data and following six weeks of gains on the S&P 500.
  
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• US-China rivalry, Paris attack in spotlight at Manila summit

  16-11-2015 12:35 via news.yahoo.com
  
  MANILA, Philippines (AP) — Tensions with China and the Paris attacks could upstage trade issues at the Asia Pacific Economic Cooperation summit, being held under extra-heavy security in the Philippine capital this week.
  
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• South African power utility Eskom mulls new bond of up to $1 bln

  16-11-2015 12:07 via news.yahoo.com
  
  South Africa's state-owned power firm Eskom could raise between $750 million and $1 billion through an international bond, the utility's chief financial officer said on Monday. "We are probably looking at anything between $750 million and $1 billion," Eskom’s CFO Anoj Singh told Reuters after a briefing by the utility, which provides virtually all the electricity in Africa's most industrialised economy. Whatever we need to do, we have in place." Debt rating agency Standard & Poor's cut
  
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• Global shares, euro fall, oil and gold up after Paris attacks

  16-11-2015 11:43 via news.yahoo.com
  
  The euro hit its weakest in more than six months against the yen on Monday as investors sought safety in gold and low-risk government debt after Friday's attacks in Paris. Oil prices edged up after France launched large-scale air strikes against Islamic State targets in Syria. U.S. stock index futures turned positive, indicating Wall Street was likely to open slightly higher.
  
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• S.Africa and China sign nuclear energy cooperation pact

  16-11-2015 11:40 via news.yahoo.com
  
  Nuclear energy regulators in South Africa and China have signed a technical cooperation agreement as Africa's most industrialised economy presses forward with controversial plans to build eight new nuclear reactors. The deal, which includes "licensing procedures, vendor inspections, inspector training and joint inspections and technical support", was signed last week in Beijing, South Africa's National Nuclear Regulator (NNR) announced on Monday. China is competing with Russia, France, the Unite
  
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• Canada small business lending accelerates in September: PayNet

  16-11-2015 11:02 via news.yahoo.com
  
  By Fergal Smith TORONTO (Reuters) - Commercial borrowing by small businesses in Canada accelerated in September, data from PayNet showed on Monday, in a sign that activity is shifting from big companies to small companies. PayNet's Canadian small business lending index rose to 142.0 from 131.8 in August. "We are seeing that the small businesses are becoming an engine of growth for the Canadian economy at a time when the big companies, some of them in the energy sector, are contracting," said Pay
  
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• Commodities help Britain's FTSE higher, tourism stocks fall

  16-11-2015 10:58
  LONDON Nov 16 (Reuters) - British shares rose on Monday as oil stocks rallied following the attacks in Paris at the end of last week and France's air strikes in Syria, prompting investors to avoid...
  
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• MasterCard sees double-digit growth in China on e-commerce: executive

  16-11-2015 10:43 via news.yahoo.com
  
  By Eveline Danubrata MANILA (Reuters) - Global payment operator MasterCard Inc sees double-digit annual growth in credit card transaction volumes in China, lifted by the booming e-commerce industry in the world's second-largest economy, a senior executive told Reuters on Monday. China's plan to open up its domestic transactions market to foreign companies such as MasterCard would be a "game-changer", Ling Hai, co-president for Asia Pacific, said in an interview on the sidelines of the Asia-Pacif
  
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• BUZZ-Oil cos: gain on geopolitical tensions

  16-11-2015 10:40
  ** Oil producers, service providers and drillers up between 1-8 pct, as oil edges up in nervous trading on Monday
  
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• World shares, euro fall, oil and gold up after Paris attacks

  16-11-2015 10:36 via news.yahoo.com
  
  By Nigel Stephenson LONDON (Reuters) - The euro hit its weakest in more than six months against the yen on Monday as investors sought safety in gold and low-risk government debt after Friday's attacks in Paris. Oil prices edged up after France launched large-scale air strikes against Islamic State targets in Syria. U.S. stock index futures turned positive, indicating Wall Street was likely to open slightly higher.
  
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• South Africa's Eskom cuts reliance on diesel power, mulls new bond

  16-11-2015 10:33 via news.yahoo.com
  
  South Africa's Eksom has reduced its reliance on diesel powered generation to keep the lights on in Africa's most advanced economy, the utility said on Monday at a briefing. Eskom's Chief Executive Brian Molefe also said the utility had met a positive response from the market on a new international bond, and added that the firm was considering issuing the instrument but could not give a time frame. Eskom, which provides virtually all of South Africa's electricity, is scrambling to repair its age
  
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• Shares, euro fall, oil and gold up after Paris attacks

  16-11-2015 10:32 via news.yahoo.com
  
  By Nigel Stephenson LONDON (Reuters) - The euro hit its weakest in more than six months against the yen on Monday as investors sought safety in gold and low-risk government debt after Friday's attacks in Paris. Oil prices edged up after France launched large-scale air strikes against Islamic State targets in Syria. U.S. stock index futures turned positive, indicating Wall Street was likely to open slightly higher.
  
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• Paris Attacks: French Stock Market Falls

  16-11-2015 10:32 via news.yahoo.com
  
  France's top stock market fell 1.1% in its first few minutes of trading since Friday's devastating terror attacks in Paris. The CAC 40 retreated on Monday as investors digested the consequences for the economy not only in France but across the world. European markets took their lead from Asia, where Japan's Nikkei lost 1.1% on the back of a rush for the dollar and gold following the murders in the French capital and GDP figures which confirmed the Japanese economy had entered recession agai
  
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• UPDATE 1-Sonova cuts forecasts as cochlear implant sales disappoint

  16-11-2015 10:08
  * Shares down 8 percent (Adds share fall, detail about Veterans Affairs sales and analyst comment)
  
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• BUZZ-Restaurant Group: Nomura cuts rating, target price

  16-11-2015 10:01
  ** Restaurant operator's shares down c.4 pct, top FTSE midcap loser after Nomura downgrades to "reduce" from "neutral", cuts PT to 635p from 746p
  
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• China weighs on Asia-Pacific business outlook

  16-11-2015 09:56 via news.yahoo.com
  
  Business leaders in the Asia-Pacific are losing confidence in their revenue prospects because of China's cooling economy and perceived higher risks in emerging markets, a survey released Monday showed. Just 28 percent of businessmen with investments in Asia Pacific Economic Cooperation (APEC) economies said they were "very confident" revenues would increase in the next 12 months, PricewaterhouseCoopers said as it released the survey. This year's study polled 800 chief executive officers, PwC sai
  
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• Airlines tumble on Paris attack as stocks retreat

  16-11-2015 09:34 via news.yahoo.com
  
  Stock markets mostly fell Monday following the deadly weekend terror attacks in Paris -- with airline stocks taking a beating on concerns over the tourism industry. The late-night assault on Friday in the French capital, which killed 129 people, also sent the euro tumbling on fears for security in Europe and its effect on the already struggling eurozone economy. While losses rippled across Asian stock markets, airlines were among the worst hit.
  
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• French tourism, luxury stocks pummeled after Paris attacks

  16-11-2015 09:27
  PARIS, Nov 16 (Reuters) - French tourism-related and luxury stocks fell sharply early on Monday following the attacks in Paris on Friday, with hotel group Accor opening as much as 7 percent lower.
  
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