Finance news

• Pssst, want to play the market? Count the Fed leak weeks: study

  21-11-2015 23:39 via news.yahoo.com
  
  By Ann Saphir BERKELEY, Calif. (Reuters) - U.S. central bankers not only regularly leak secret information about monetary policy, but the leaks are so predictably timed that a savvy investor without access to the leaked information could make money just by buying stocks in certain weeks. Vissing-Jorgensen and her colleagues found that the stock market delivers better returns versus Treasury bills the second, fourth, and sixth weeks after each of the Fed's eight policy-setting meetings during a g
  
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• Fed's Williams sees strong case for December interest-rate hike

  21-11-2015 22:48 via news.yahoo.com
  
  By Ann Saphir BERKELEY, Calif. (Reuters) - There is a "strong case" for raising interest rates when Federal Reserve policymakers meet next month, as long as U.S. economic data does not disappoint, a top Fed official said on Saturday. "The data I think have been overall encouraging, especially on the labor market," San Francisco Fed President John Williams told reporters after a conference at University of California Berkeley's Clausen Center. "Assuming that we continue to get good data on the ec
  
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• Monetary policy risks becoming ineffective in low growth world: ECB Coeure

  21-11-2015 21:38 via news.yahoo.com
  
  Monetary policy risks becoming ineffective in a world where growth is sluggish, economies are deeply interconnected and interest rates are already near zero, a top European Central Bank policy maker said on Saturday. Speaking at the University of California Berkeley, ECB executive board member Benoit Coeure called for academics and policy makers to address issues at the root of a global economic malaise, singling out the euro zone's inability to revive domestic demand.
  
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• Fed may need permanently big balance sheet, Williams says

  21-11-2015 21:09 via news.yahoo.com
  
  By Ann Saphir BERKELEY, Calif. (Reuters) - The U.S. Federal Reserve and other global central banks may need to consider new tools in a world of permanently lower interest rates, including keeping big balance sheets or using negative interest rates to combat shocks, a top Fed official said on Saturday. With the so-called natural interest rate in the United States now near zero, and equilibrium rates in other countries around the world also lower than in the past, central banks have "significantly
  
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• Personal finance publisher Austin Kiplinger dies at 97

  21-11-2015 20:37 via news.yahoo.com
  
  Austin Kiplinger's father, W.M. Kiplinger, in 1920 founded Kiplinger Washington Editors Inc, which today produces the magazine Kiplinger Personal Finance, the business forecast publication The Kiplinger Letter and the Kiplinger Tax Letter.
  
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• France will respect financial commitments: economy minister

  21-11-2015 18:36 via news.yahoo.com
  
  France will keep its financial commitments, Economy Minister Emmanuel Macron said on Saturday, after Paris announced that increased security spending in light of the deadly Nov. 13 attacks would likely break European Union budget rules. In a speech on Monday, President Francois Hollande pledged to create 5,000 jobs in the security forces and avoid defense spending cuts until 2019, saying "the security pact prevails over the stability pact," referring to eurozone budget limits. "We are talking ab
  
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• Euro zone agrees Greece can get next loan tranche, cash for bank recap

  21-11-2015 18:03 via news.yahoo.com
  
  Greece has done all the reforms in the a first package of measures agreed with euro zone creditors, which paves the way for Athens to get the next tranche of loans, the head of euro zone finance ministers Jeroen Dijsselbloem said on Saturday. Greece is getting very cheap loans form the euro zone bailout fund ESM under its third bailout agreement in exchange for putting its public finances in order and reforming the economy to make it more efficient and competitive. "On the basis of a final compl
  
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• Why Earnings Should Drag At WM Morrison Supermarkets PLC & Rio Tinto plc Beyond 2015

  21-11-2015 12:17 via news.yahoo.com
  
  Royston Wild explains why profits should continue to struggle at WM Morrison Supermarkets PLC (LON: MRW) and Rio Tinto plc (LON: RIO).
  
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• China busts biggest ever 'underground bank': police

  21-11-2015 07:42 via news.yahoo.com
  
  Chinese authorities have uncovered an "underground bank" which illegally transferred money overseas in a case valued at $64 billion, said to be the country's largest ever, according to a police statement. Police in the eastern city of Jinhua found that the chief suspect, whose surname was given as Zhao, set up shell companies in Hong Kong and then made transfers from the mainland through a network of more than 800 bank accounts, said a Jinhua police statement posted on Friday. China keeps a tigh
  
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• The Latest: Abe says Japan is 'best partner' for Asia

  21-11-2015 05:39 via news.yahoo.com
  
  KUALA LUMPUR, Malaysia (AP) — Ten Southeast Asian heads of state and nine world leaders, including President Barack Obama, are meeting in Malaysia to discuss trade and economic issues. Terrorism and disputes over the South China Sea are also on the agenda. (All times local):
  
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• UPDATE 4-Chipotle E. coli outbreak reaches six states, shares tumble

  21-11-2015 03:10
  LOS ANGELES, Nov 20 (Reuters) - More than 40 people have fallen ill with E. coli food poisoning after eating at Chipotle Mexican Grill restaurants in six different states, federal health officials...
  
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• UPDATE 6-VW cuts 2016 capital spending plan as cheating scandal widens

  21-11-2015 03:04
  * Details of vehicle fixes provided to U.S. regulators (Adds VW statement on meetings with U.S. regulators Friday.)
  
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• UPDATE 3-Facebook CEO Zuckerberg to take two months of paternity leave

  21-11-2015 02:39
  SAN FRANCISCO, Nov 20 (Reuters) - Facebook Inc Chief Executive Officer Mark Zuckerberg said on Friday he will take two months of paternity leave after his daughter's birth, a strong statement from...
  
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• Puerto Rico's development bank says creditor meeting is 'positive'

  21-11-2015 02:29
  SAN JUAN, Nov 20 (Reuters) - Puerto Rico's Government Development Bank on Friday presented some of the island's creditors with more details on a forthcoming plan to consolidate their bonds into a...
  
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• United and pilots union agree in principle to extend contract

  21-11-2015 02:20
  Nov 20 (Reuters) - United Continental Holdings Inc and its airline pilots union reached an agreement in principle on Friday to extend the labor contract that covers United's more than 12,000 pilots...
  
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• Canada's new defence chief cautious on F-35 despite party pledge

  21-11-2015 01:59
  HALIFAX, Nova Scotia, Nov 20 (Reuters) - Canada's new Defence Minister Harjit Sajjan on Friday said it was premature to discuss which aircraft would replace Canada's aging CF-18 fighter jets, caution...
  
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• UPDATE 10-Islamist militants kill 19 in attack on hotel in Mali's capital

  21-11-2015 01:54
  * Attack is latest in series in Mali this year (Recasts with toll, fresh details, quote)
  
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• UPDATE 1-Peabody Energy to sell New Mexico, Colorado assets for $358 mln

  21-11-2015 01:51
  Nov 20 (Reuters) - Peabody Energy Corp said it had agreed to sell its New Mexico and Colorado coal assets to Bowie Resource Partners LLC for $358 million in cash.
  
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• Omnicom to buy Brazil advertising group ABC, source says

  21-11-2015 01:10 via news.yahoo.com
  By Tatiana Bautzer and Guillermo Parra-Bernal SAO PAULO (Reuters) - Omnicom Group Inc, the world's second largest advertising company, has agreed to pay 1 billion reais ($270 million) for Brazil's Grupo ABC, growing Omnicom's publicity, branding services and content in Latin America's largest economy, a source with direct knowledge of the transaction said on Friday. Grupo ABC's founding partners Nizan Guanaes and Guga Valente agreed to stay with the company for five years, the source said.
  
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• DIARY-Emerging Markets Economic Events to Dec 5

  21-11-2015 01:02
  Guide to economic indicators ** This Diary is filed daily *** ------------------------------------------------------------- SUNDAY, NOVEMBER 22 GUANGAZHOU, China - U.S. Commerce Secretary Penny...
  
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• UPDATE 3-Chipotle E. coli outbreak reaches six states, shares tumble

  21-11-2015 00:57
  LOS ANGELES, Nov 20 (Reuters) - More than 40 people have fallen ill with E. coli food poisoning after eating at Chipotle Mexican Grill restaurants in six different states, federal health officials...
  
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• CORRECTED-Wells Fargo likely to issue more debt to comply with new rules

  21-11-2015 00:56
  NEW YORK, Nov 6 (Reuters) - Wells Fargo & Co will likely need to issue an additional $40 billion to $60 billion of long-term debt to comply with new rules designed to help banks better weather a...
  
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• Bank Indonesia's Warjiyo says any easing should be 'cautiously calibrated'

  21-11-2015 00:50
  SAN FRANCISCO, Nov 20 (Reuters) - Indonesia should be cautious about lowering its interest rates in the face of an impending interest rate hike by the U.S. Federal Reserve, the deputy governor of...
  
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• UPDATE 1-UAW leaders ratify new GM labor agreement

  21-11-2015 00:48
  DETROIT, Nov 20 (Reuters) - Leaders of the United Auto Workers union ratified a four-year labor agreement with General Motors Co on Friday, two weeks after most rank-and-file GM workers voted in...
  
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• UPDATE 4-VW cuts 2016 capital spending plan as cheating scandal widens

  21-11-2015 00:35
  * New meeting on vehicle fixes set with US regulators (Adds Friday VW-EPA meeting)
  
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• Peabody Energy to sell New Mexico, Colorado assets for $358 mln

  21-11-2015 00:32
  Nov 20 (Reuters) - Peabody Energy Corp said it agreed to sell its New Mexico and Colorado coal assets to Bowie Resource Partners LLC for $358 million in cash.
  
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• Soccer-River sign mega extension to kit sponsorship deal

  21-11-2015 00:31
  BUENOS AIRES, Nov 20 (Reuters) - South American champions River Plate have signed a deal unprecedented in Argentine soccer with sportswear giant Adidas that will bring the club $10 million a year...
  
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• Canadian regulator halts TransCanada pipeline construction following spills

  21-11-2015 00:30
  CALGARY, Alberta, Nov 20 (Reuters) - Canada's national energy regulator has halted construction on a new TransCanada Corp natural gas pipeline after reviewing evidence that it may have spilled a...
  
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• Facebook CEO Zuckerberg will take two months of paternity leave

  21-11-2015 00:24
  SAN FRANCISCO, Nov 20 (Reuters) - Facebook Inc Chief Executive Officer Mark Zuckerberg said he will take two months of paternity leave after his daughter's birth, though he did not say when she is...
  
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• UPDATE 9-About 27 dead after Islamists seize hotel in Mali's capital

  21-11-2015 00:22
  * Attack over by early evening; two gunmen reported dead (Adds one U.S. citizen dead, details throughout)
  
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• Fidelity plans new 'robo-adviser' to manage money for clients online

  21-11-2015 00:22
  
  NEW YORK (Reuters) - Fidelity Investments is building an automated portfolio-management service for individual investors, joining a growing group of money and brokers that have bought or designed...
  
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