Finance news

• FOREX-Dollar near multi-year peak as euro hangs in the balance

  30-11-2015 23:55
  * Break above 100.390 would take it to highs not seen since 2003
  
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• ICA enters grace period after missing coupon

  30-11-2015 23:47
  NEW YORK, Nov 30 (IFR) - Mexican infrastructure firm Empresas ICA is entering a 30-day grace period after failing to pay a US$31m coupon due on Sunday on its outstanding 8.875% 2024s.
  
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• UPDATE 1-American Airlines, union reach deal to hike agents' pay

  30-11-2015 23:45
  Nov 30 (Reuters) - Members of the association representing American Airlines Group Inc's reservations and gate agents approved a new five-year contract that includes an immediate 30 percent average...
  
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• Dollar rises while oil falls, world stocks mixed

  30-11-2015 23:03 via news.yahoo.com
  
  By Sinead Carew NEW YORK (Reuters) - The dollar pared gains after hitting an eight-and-a-half-month high against major currencies on Monday, while the prospect of further European Central Bank stimulus dragged the euro, and oil futures fell on worries about a growing supply glut. Global stock markets were mixed, with Wall Street ending the session lower ahead of a crucial payroll report Friday, while European shares finished higher. "There's apprehension on the part of investors to make any big
  
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• Wall Street dips with health, consumer shares; gains for November

  30-11-2015 23:02 via news.yahoo.com
  
  By Caroline Valetkevitch (Reuters) - U.S. stocks slipped on Monday, led by declines in health and consumer shares, as investors braced for policy news from central banks. The three major stock indexes posted a second straight month of gains, however, helped by financial shares , which were up 1.7 percent, while utilities were down 2.8 percent for the month. Retail stocks were down on Cyber Monday, the biggest online shopping day of the year. The S&P retail index was down 1 percent, while Tar
  
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• Senate calls hearing in Anheuser-Busch InBev mega beer deal

  30-11-2015 22:58
  
  WASHINGTON (Reuters) - Anheuser-Busch InBev's bid to buy its biggest rival, SABMiller, will be the subject of a U.S. Senate hearing next week, the Senate Judiciary Committee said on Monday.
  
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• Wall Street eases as consumer, healthcare stocks lag

  30-11-2015 22:12 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks slipped on Monday along with declines in health and consumer shares and as investors braced for policy news from central banks. The Dow Jones industrial average fell 73.29 points, or 0.41 percent, to 17,725.2, the S&P 500 lost 9.25 points, or 0.44 percent, to 2,080.86 and the Nasdaq Composite dropped 18.86 points, or 0.37 percent, to 5,108.67. (Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)
  
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• American Airlines, union reach deal to hike gate agents' pay

  30-11-2015 21:37
  Nov 30 (Reuters) - American Airlines Group Inc said that members of the association representing its reservations and gate agents had approved a new five-year contract that includes "immediate and...
  
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• VW, DOJ want diesel civil cases heard in Detroit

  30-11-2015 21:29
  WASHINGTON, Nov 30 (Reuters) - Volkswagen AG and the Justice Department want a U.S. judicial panel to centralize in Detroit hundreds of civil lawsuits alleging the German automaker defrauded...
  
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• Atlassian Corp. sets IPO price range, aims to raise $370 mil

  30-11-2015 21:29
  SAN FRANCISCO, Nov 30 (Reuters) - Software company Atlassian Corp wants to raise up to $370 million in what is expected to be one of the highest-valued U.S. tech company share offerings this year.
  
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• New York Fed to run U.S. repo operation Wednesday

  30-11-2015 21:28
  NEW YORK, Nov 30 (Reuters) - The Federal Reserve Bank of New York said on Monday it will run a "small-value" repurchase operation on Wednesday morning, including several tranches of Treasuries and...
  
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• GLOBAL MARKETS- Dollar hits highest since March, world stocks mixed

  30-11-2015 21:20
  * Dollar at highest since March vs currency basket, euro down
  
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• UPDATE 2-U.S. Republican sees no gov't shutdown over Planned Parenthood funding

  30-11-2015 21:19
  WASHINGTON, Nov 30 (Reuters) - U.S. House Majority Leader Kevin McCarthy on Monday said he expects lawmakers this month to debate federal funding for Planned Parenthood as they consider spending...
  
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• CORRECTED-UPDATE 1-LATAM WRAP-BTG bonds under pressure after Esteves departure

  30-11-2015 21:12
  NEW YORK, Nov 30 (IFR) - BTG Pactual's bonds were lower on Monday as investors scrambled to assess the impact on the Brazilian bank's liquidity and fretted about the prospect of more negative...
  
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• PRECIOUS-Gold heads for biggest monthly fall in 2-1/2 years

  30-11-2015 21:05
  * Palladium down 19 pct, platinum 16 pct in November (Updates prices; adds comment, second byline, NEW YORK dateline)
  
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• Shareholder to auction BR Properties shares on Tuesday -Bovespa

  30-11-2015 20:54
  SAO PAULO, Nov 30 (Reuters) - An unidentified shareholder in Brazilian commercial real estate company BR Properties SA will offer to sell 5.96 percent of the company's common shares for 10.22 reais...
  
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• What to Watch in the Day Ahead - Tuesday, Dec 1

  30-11-2015 20:50
  (The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at. Thomson One users...
  
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• Wall Street dips slightly with retailers, healthcare; energy up

  30-11-2015 20:50 via news.yahoo.com
  
  While the U.S. central bank is widely expected to raise interest rates in December for the first time since 2006, the European Central Bank is expected to unveil fresh monetary easing measures on Thursday.
  
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• UPDATE 2-Morgan Stanley to cut up to 25 pct of fixed-income jobs

  30-11-2015 20:44
  Nov 30 (Reuters) - Morgan Stanley plans to cut up to 25 percent of its fixed-income jobs, according to a person familiar with the matter.
  
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• US STOCKS-Wall St dips slightly with retailers, healthcare; energy up

  30-11-2015 20:43
  * Indexes down: Dow 0.04 pct, S&P 0.1 pct, Nasdaq 0.1 pct (Updates to late afternoon)
  
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• Mexico's Pemex inks deal with Global Water Development Partners

  30-11-2015 20:43
  MEXICO CITY, Nov 30 (Reuters) - Mexico's state-owned oil company Pemex has entered into a partnership with Global Water Development Partners (GWDP) that aims to invest $800 million in water treatment...
  
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• Syria air strikes will get parliament majority - UK's Hammond

  30-11-2015 20:36
  LONDON, Nov 30 (Reuters) - British foreign minister Philip Hammond said on Monday he was confident the government would secure a parliamentary majority in support of launching air strikes against...
  
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• UPDATE 1-RBC fails to overturn $76 mln judgment over Rural/Metro sale

  30-11-2015 20:35
  Nov 30 (Reuters) - The Delaware Supreme Court on Monday upheld a $76 million damage award against RBC Capital Markets for its role in the 2011 sale of ambulance company Rural/Metro but described its...
  
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• Solar plane raises $20 mln to resume record round-the-world trip

  30-11-2015 20:34
  ZURICH, Nov 30 (Reuters) - The Swiss solar-powered plane whose record-setting, round-the-world flight was put on hold in July by weather and battery trouble has raised the $20 million it needs to...
  
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• U.S. retail stocks drop after Black Friday disappoints Wall Street

  30-11-2015 20:33 via news.yahoo.com
  
  Shares of beleaguered retailers dropped on Monday after holiday shopping at brick-and-mortar stores got off to a lackluster start on Thanksgiving and Black Friday. Department stores whose share prices had already declined recently, due to low expectations going into the last two months of 2015, fell further. Shares of Macy's Inc were down 2.7 percent at $38.90 on Monday afternoon.
  
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• UPDATE 3-FTC preparing to block Staples-Office Depot deal - NY Post

  30-11-2015 20:33
  * Shares of Staples, Office Depot down (Adds Office Depot response, updates shares)
  
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• FTC preparing to block Staples-Office Depot deal: NY Post

  30-11-2015 20:33
  
  (Reuters) - U.S. antitrust regulators are preparing to block Staples Inc'sacquisition of smaller rival Office Depot Inc , the New York Post reported on Sunday.
  
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• A former Wall Street rainmaker says running a bank is a ‘breeze’ compared with a startup

  30-11-2015 20:31 via news.yahoo.com
  
  Bloomberg TV screenshot Compared to running a startup, … Continued The post A former Wall Street rainmaker says running a bank is a ‘breeze’ compared with a startup appeared first on Business Insider.
  
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• UPDATE 1-ITC Holdings explores sale - source

  30-11-2015 20:26
  Nov 30 (Reuters) - U.S. power transmission company ITC Holdings Corp is exploring a sale and is working with financial advisers to seek potential buyers, according to a person familiar with the...
  
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• UPDATE 1-Trio lose appeal of New York City payroll project fraud convictions

  30-11-2015 20:11
  NEW YORK, Nov 30 (Reuters) - A U.S. appeals court on Monday rejected three men's bids to reverse their convictions for scheming to defraud New York City while implementing a payroll system whose...
  
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• New York is first U.S. city with salt warning on restaurant menus

  30-11-2015 20:07
  NEW YORK, Nov 30 (Reuters) - A tiny salt shaker symbol that warns certain meals are high in sodium will appear, starting Tuesday, on menus in chain restaurants in New York City, the first U.S. city...
  
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• IMF approves China's yuan as elite reserve currency

  30-11-2015 19:26 via news.yahoo.com
  
  The International Monetary Fund welcomed China's yuan into its elite reserve currency basket on Monday, recognizing the ascendance of the Asian power in the global economy. The yuan, also known as the renminbi, will join the US dollar, euro, Japanese yen and British pound next year in the basket of currencies the IMF uses as an international reserve asset. The move by the IMF executive board, representing the institution's 188 member nations, solidifies China's ambition to see the government-con
  
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• With climate at 'breaking point', leaders urge breakthrough in Paris

  30-11-2015 19:08 via news.yahoo.com
  
  By Bruce Wallace and Alister Doyle PARIS (Reuters) - World leaders launched an ambitious attempt on Monday to hold back the earth's rising temperatures, with the United States and China urging the climate summit in Paris to mark a decisive turn in the fight against global warming. In a series of opening addresses to the U.N. talks, heads of state and government exhorted each other to find common cause in two weeks of bargaining to steer the global economy away from its dependence on fossil fuels
  
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• Weak U.S. housing, factory data hint at modest fourth-quarter growth

  30-11-2015 19:08 via news.yahoo.com
  
  Factory activity in the Midwest shrunk in November and contracts to buy previously owned U.S. homes rose marginally, the latest suggestions that economic growth will probably remain modest in the fourth quarter. The raft of weak economic reports is not likely to stop the Federal Reserve from hiking interest rates next month provided job growth does not slow significantly in November, economists say. The Institute for Supply Management-Chicago said its business barometer fell 7.5 points to 48.7 i
  
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• The Great Divide: How markets are shaping up ahead of Fed, ECB

  30-11-2015 18:59 via news.yahoo.com
  
  The U.S. Federal Reserve and European Central Bank are expected to deliver sharply contrasting policy decisions next month, reflecting how the world's two largest economies have moved from the Great Recession to the Great Divide. The U.S. and euro zone central banks have been on a similar path of monetary easing since the financial and economic crisis of 2007-09. The dollar and short-term U.S. bond yields have soared, while the euro and short-term euro zone bond yields have plunged.
  
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• German inflation picks up tentatively in November: data

  30-11-2015 18:55 via news.yahoo.com
  
  Consumer prices in Germany, Europe's biggest economy, rose by an estimated 0.4 percent in November, driven by higher costs for food, services and rents, official data showed on Monday. Germany's national inflation yardstick, the consumer price index, inched 0.4 percent higher this month, after edging up 0.3 percent in October, the federal statistics office Destatis said. The ECB regards annual inflation rates of close to but just under 2.0 percent as conducive to healthy economic growth and has
  
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• Wall Street lower as health, consumer stocks decline

  30-11-2015 18:53 via news.yahoo.com
  
  Friday's non-farm payrolls report is in focus ahead of a mid-December meeting of the Federal Reserve. While the U.S. central bank is likely to raise interest rates for the first time since June 2006, the European Central Bank is expected to unveil fresh monetary easing measures on Thursday. Investors will look for clues regarding the Fed's decision when Chair Janet Yellen speaks on the economic outlook on Wednesday and gives her testimony on the economy before the congressional Joint Economic Co
  
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• Britain's FTSE lags euro zone, ends November lower

  30-11-2015 18:00
  * Aberdeen AM down on emerging market outflows (Adds closing prices)
  
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• UPDATE 1-Fagron says takeover talks protracted but not terminated

  30-11-2015 17:42
  * Says capital increase is possible (Recasts with Fagron statement)
  
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• Wall St. little changed as investors eye economic data

  30-11-2015 17:22 via news.yahoo.com
  
  Friday's non-farm payrolls report is in focus ahead of a mid-December meeting of the Federal Reserve. While the U.S. central bank is likely to raise interest rates for the first time since June 2006, the European Central Bank is expected to unveil fresh monetary easing measures on Thursday. Investors will look for clues regarding the Fed's decision when Chair Janet Yellen speaks on the economic outlook on Wednesday and gives her testimony on the economy before the congressional Joint Economic Co
  
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• Decades after Nigeria's war, new Biafra movement grows

  30-11-2015 17:16 via news.yahoo.com
  
  By Alexis Akwagyiram ENUGU, Nigeria (Reuters) - Nearly half a century after a civil war in which a million people died, 27-year-old Okoli Ikedi is part of a new protest movement in southeastern Nigeria calling for an independent state of Biafra. Such calls have become common since the leader of the group Ikedi represents in Enugu, the region's main city, was arrested in October, prompting thousands in the oil-producing southeast to join demonstrations in recent weeks calling for his release. It'
  
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• Dollar hits highest since March, world stocks mixed

  30-11-2015 17:13 via news.yahoo.com
  
  By Sinead Carew NEW YORK (Reuters) - The dollar hit an eight-and-a-half-month high against key world currencies Monday as the prospect of further European Central Bank stimulus dragged the euro down to its weakest since mid-April. Global stock markets were mixed, with Wall Street dropping after a long weekend and ahead of a crucial jobs report Friday, while European shares rose. The week is likely to highlight the divergent outlooks for interest rates in the United States and the euro zone which
  
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• South Africa's Edcon secures repayment deal on debt of 7.9 bln rand

  30-11-2015 16:34 via news.yahoo.com
  
  Bain Capital's Edcon, a South African retailer, said on Monday it had secured a repayment deal on debt of 7.9 billion rand ($548 million) and access 1.85 billion rand to pay down some bonds. The company, which is the biggest fashion retailer in Africa's most advanced economy, completed a distressed exchange offer in July and has since issued new bonds to restructure its debt. "The deal represents a strong statement of support from Edcon Group's existing South African and international lenders un
  
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• Greece urges no delay to debt relief talks with creditors

  30-11-2015 16:18 via news.yahoo.com
  
  ATHENS, Greece (AP) — Greece hopes its creditors will start talks on debt relief measures quickly to dispel financial uncertainty and help the battered economy, the country's finance minister said Monday.
  
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• Chinese president to head to Africa

  30-11-2015 16:13 via news.yahoo.com
  
  HARARE, Zimbabwe (AP) — Some immigration signs at Zimbabwe's main international airport are in Chinese, a sign of China's deep economic inroads in Africa, which Chinese President Xi Jinping will visit this week.
  
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• China, U.S. holding high-level cyber crime talks: Xinhua

  30-11-2015 16:11 via news.yahoo.com
  
  HONG KONG (Reuters) - China's Public Security Minister Guo Shengkun is in the United States to take part in the first high-level dialogue on cyber crime between the two countries, state media reported. During his visit, which is due to end on Thursday, Guo will meet Secretary of Homeland Security Jeh Johnson, Xinhua state news agency said on Sunday. Cyber security has long been an irritant in relations between China and the United States, despite robust economic ties worth $590 billion in two-wa
  
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• Wall St opens flat, set to end the month higher

  30-11-2015 15:56 via news.yahoo.com
  
  Wall Street opened little changed but looked set to end the month on a positive note as investors braced for a week of heavy economic data culminating in the November jobs report. The three major indexes were set to end the month higher for the second straight month. While the U.S. central bank is likely to raise interest rates for the first time since June 2006, the European Central Bank is expected to unveil fresh monetary easing measures on Thursday.
  
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• Tribune Publishing says not in talks to sell itself after Murdoch tweet

  30-11-2015 15:39 via news.yahoo.com
  
  (Reuters) - Tribune Publishing Co said it was not in talks or in the process of selling itself, after a tweet by News Corp's Rupert Murdoch on Friday that suggested Tribune's newspaper group would be sold. Tribune Publishing's shares were up 4.3 percent at $9.69, in early trading. Murdoch said in a tweet that he had "strong word" that the company's newspaper group, which includes the Chicago Tribune, would be bought by a Wall Street firm.
  
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• U.S. embraces responsibility to fix climate: Obama

  30-11-2015 15:37 via news.yahoo.com
  
  By Jeff Mason and Bate Felix PARIS (Reuters) - President Barack Obama said on Monday the United States, as the world's second biggest emitter of greenhouse gases, recognised its role in creating the problem of global warming and embraced its responsibility to help fix it. Addressing more than 150 world leaders at the start of two weeks of U.N. talks in Paris, Obama said the staging of the summit in the French capital was a rebuke to Islamist militants who killed 130 people there on Nov. 13. "As
  
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• Wall St. opens higher ahead of busy week of data

  30-11-2015 15:32 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened slightly higher on Monday as investors go into a busy week of heavy economic data culminating in the November jobs report.
  
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