Finance news

• Wall St Week Ahead-Late-day buying could be start of turnaround

  14-02-2016 19:00
  
  NEW YORK, Feb 12 (Reuters) - As U.S. stocks continue to struggle in 2016, equities are showing some signs selling pressure may be reaching an end.
  
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• UPDATE 1-Saudi central bank raises loan-to-deposit ratio -sources

  14-02-2016 18:49
  
  KHOBAR, Saudi Arabia/DUBAI, Feb 14 (Reuters) - Seeking to ease tightening liquidity in the banking system, Saudi Arabia's central bank has raised the ratio of deposits which commercial banks can lend...
  
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• MIDEAST MONEY-Defying global slump, Iran stocks soar on sanctions relief

  14-02-2016 18:03
  
  DUBAI, Feb 14 (Reuters) - A leap by the Tehran stock market in the past four weeks contrasts with gloom in many bourses around the world and hints at Iran's investment potential as its economy, long...
  
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• UPDATE 1-Modi urged to make reality match 'Make in India' hype

  14-02-2016 17:56
  
  * Execution on tax, land reforms key, bosses say (Updates with fire at event venue)
  
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• Israel's Netanyahu defends gas deal in rare Supreme Court visit

  14-02-2016 17:33 via news.yahoo.com
  
  By Steven Scheer JERUSALEM (Reuters) - Prime Minister Benjamin Netanyahu told Israel's top court on Sunday the country must forge ahead with developing a large natural gas field, with billions of dollars worth of potential exports, for both economic and security reasons. In an unusual step for an Israeli prime minister, Netanyahu testified, at his own request, in the Supreme Court to defend a framework gas deal after opposition parties and non-government organizations filed petitions to block pl
  
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• Volkswagen managers were notified about diesel probe in May 2014 -sources

  14-02-2016 17:21
  
  FRANKFURT, Feb 14 (Reuters) - A high-ranking employee warned senior Volkswagen managers in May 2014 that U.S. regulators might examine car engine software as part of an investigation into pollution...
  
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• Saudi central bank raises loan-to-deposit ratio -sources

  14-02-2016 17:02
  
  Feb 14 (Reuters) - Seeking to ease tightening liquidity in the banking system, Saudi Arabia's central bank has raised the ratio of deposits which commercial banks can lend out to 90 percent from 85...
  
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• Tsipras chides EU, IMF for reform assessment delay

  14-02-2016 16:35 via news.yahoo.com
  
  An assessment of Greece's attempts to reform its struggling economy is being held up by disagreements between the European Union and the IMF, Prime Minister Alexis Tsipras has said. "Negotiations on the reform plan have fallen behind, which is in nobody's interest," he said Sunday, cited by the Avghi daily, close to Tspiras' Syriza party. Greece sent creditors its pension reform plans at the start of January but "to date we have had no official response from the institutions, which is due to dis
  
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• Fed's 'dot plot' looks increasingly out of touch on rates

  14-02-2016 16:30 via news.yahoo.com
  
  The Federal Reserve's rate path "dot plot" has become increasingly detached from financial markets' interest-rate projections and risks sending an overly hawkish message that may undermine the central bank's credibility. Despite falling inflation expectations and turmoil in financial markets this week as concerns about growth mounted, the Fed hewed to its message that it could build on December's rate rise with further hikes in 2016. Quite how many rises is unclear, and there is just one tool ec
  
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• MIDEAST STOCKS-Saudi, Egypt sink but UAE, Qatar climb

  14-02-2016 15:52
  
  DUBAI, Feb 14 (Reuters) - Stock markets in the Middle East diverged to an unusual degree on Sunday, with Saudi Arabia and Egypt falling close to multi-year lows while other major Gulf bourses edged...
  
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• Analysis - Earnings bolster Cisco, but raise concerns for broader IT spending

  14-02-2016 15:06 via news.yahoo.com
  
  By Sarah McBride SAN FRANCISCO (Reuters) - Networking giant Cisco Systems Inc reported it is weathering a global slowdown in information-technology spending, but signs potential customers are putting some projects on hold exacerbated concerns about broader IT growth. Cisco shares rose 10 percent on Thursday, bucking the overall market after it set a profit target in line with Wall Street expectations despite the weaker spending it noted around the world by businesses. Cisco Chief Executive Chuck
  
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• 'Thin' profits for SEAsian carriers amid tough competition: IATA

  14-02-2016 14:31 via news.yahoo.com
  
  Southeast Asian airlines are likely to see "thin" profits for some time to come as competition from budget carriers and Middle East rivals squeezes earnings, the IATA chief said Sunday. The recent global stock market turmoil is also expected to take a toll on air travel, particularly in business class where full-service airlines earn most of their profits, said Tony Tyler, director general of the International Air Transport Association. "Airlines in this region are finding profitability quite th
  
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• UPDATE 1-AIRSHOW-Southeast Asia's record jet orders seen at risk -IATA

  14-02-2016 14:00
  
  SINGAPORE, Feb 14 (Reuters) - Record plane orders placed by ambitious Southeast Asian airlines could be at risk in an environment of intense competition, low profitability and turmoil in financial...
  
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• EU's elder statesmen to Britain: 'Don't leave us now'

  14-02-2016 12:56 via news.yahoo.com
  
  By Paul Taylor BRUSSELS (Reuters) - Elder statesmen who built and shaped the European Union have a clear message for Britain as it prepares for a referendum on whether to stay in the bloc: "We love you. Don't leave us now." Valery Giscard d'Estaing, father of the European Monetary System that was the forerunner of the euro single currency, said that despite its long-standing semi-detached approach to Europe, keeping Britain in was well worth the trouble. Giscard took office a year after Britain
  
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• Iran offers mining riches post-sanctions, but investors cautious

  14-02-2016 12:17
  
  * Investors look at potential, curbed by slump in mining sector
  
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• Africa's big cities offer investors hope in hard times

  14-02-2016 12:09
  
  JOHANNESBURG, Feb 14 (Reuters) - Africa's biggest economies have been hammered by the collapse in commodity prices over the past 18 months but there are still investment bright spots to be...
  
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• RPT-GLOBAL ECONOMY WEEKAHEAD-Desperately seeking signs of inflation

  14-02-2016 10:57
  
  Feb 12 (Reuters) - Now that markets have delivered their verdict on inflation - it's not picking up any time soon - economic data due next week will show whether price pressures are rising...
  
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• Scarred by election flop, British pollsters diverge over Brexit

  14-02-2016 10:20 via news.yahoo.com
  
  By Estelle Shirbon LONDON (Reuters) - If you believe online polls, Britain's looming referendum on whether to quit the European Union will be a tight race that the "out" camp could win. The EU risks losing its second-biggest economy and one of its two main military powers, while the consequences for Britain in terms of trade, growth and influence in the world could be profound. The pollsters are desperate to get it right this time.
  
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• IRA ghosts temper rise of Irish protest party Sinn Fein

  14-02-2016 10:09 via news.yahoo.com
  
  By Conor Humphries DUBLIN (Reuters) - Irish protest party Sinn Fein is set to reap the rewards of opposing austerity with a major breakthrough at elections this month, but its push to enter government has stumbled over an improving economy and unease about its ties to the IRA. Party leader Gerry Adams, the face of Irish Republican Army bombing campaigns for many in Britain, confounded critics by steering his party's support from 10 percent in the last parliamentary election in 2011 to an opinion
  
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• Modi urged to make reality match 'Make in India' hype

  14-02-2016 10:07
  
  * Branding experts warn of over-promising and under-delivering
  
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• INSIGHT-Stress and the City: Britain's bank workers buckle under pressure

  14-02-2016 10:00
  
  LONDON, Feb 14 (Reuters) - Dwindling job security, heavier workloads, regulatory upheaval and the poor public image of the banking sector are taking a toll on the mental health of Britain's bank...
  
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• Ukraine's graft problem tests Western patience and resolve

  14-02-2016 07:44 via news.yahoo.com
  
  Ukraine's failure to fight state graft is testing the patience of its Western allies and threatening renewed economic and political chaos in a country still healing the wounds of war. The latest and perhaps sternest warning to the pro-EU team of President Petro Poroshenko came Wednesday from IMF chief Christine Lagarde -- the architect and one of the most ardent supporters of Ukraine's huge financial rescue plan. "I am concerned about Ukraine's slow progress in improving governance and fighting
  
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• BUZZ-Dubai's Drake & Scull jumps on Q4 earnings beat

  14-02-2016 07:14 via news.yahoo.com
  
  ** Shares in Dubai construction firm Drake & Scull surge 6.5 percent to 0.36 dirham in opening minutes ** Company posted quarterly net profit of 14.7 million dirhams ($4 million), up from profit of 3.8 million dirhams a year earlier; an analyst at SICO Bahrain had forecast net loss of 38.6 million dirhams ** Since mid-January, stock has been edging up from record low of 0.29 dirham; has tumbled from June 2014 high of 1.97 dirhams ** Three analysts have "hold" rating on stock, three "sell" an
  
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• UPDATE 1-AIRSHOW-Philippine Air nears deal to acquire Airbus A350s -sources

  14-02-2016 06:56
  
  MANILA/SINGAPORE, Feb 14 (Reuters) - Philippine Airlines Inc (PAL) is close to announcing a deal to secure about half a dozen wide-body Airbus jets to serve U.S. and Europe long-haul flights, several...
  
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• Global slowdown fears overshadow Singapore aviation show

  14-02-2016 06:51 via news.yahoo.com
  
  Aerospace leaders gathering for this week's Singapore Airshow face conflicting pressures as they juggle growing concerns over jetliner demand while keeping record production plans on track. Worries about the effects of a faltering global economy and tensions in the South China Sea overshadow the two-yearly event in Singapore, which is both a major commercial travel hub and home to Southeast Asia’s most potent and best-trained air force.
  
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• AIRSHOW-Philippine Air nears deal to acquire Airbus A350s -sources

  14-02-2016 06:35
  
  MANILA/SINGAPORE, Feb 14 (Reuters) - Philippine Airlines Inc (PAL) is close to announcing a deal to secure about half a dozen wide-body Airbus jets to serve U.S. and Europe long-haul flights, several...
  
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• AIRSHOW-Global slowdown fears overshadow Singapore aviation show

  14-02-2016 06:32
  
  SINGAPORE, Feb 14 (Reuters) - Aerospace leaders gathering for this week's Singapore Airshow face conflicting pressures as they juggle growing concerns over jetliner demand while keeping record...
  
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• UPDATE 1-Citgo, Aruba working to restart refinery under lease -sources

  14-02-2016 01:23
  
  HOUSTON, Feb 13 (Reuters) - Venezuelan PDVSA's unit in the United States, Citgo Petroleum, is working to restart some processing units at the Aruba refinery under a 25-year lease contract with the...
  
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• Citgo, Aruba working to restart 235,000-bpd refinery under lease -sources

  14-02-2016 00:42
  
  HOUSTON, Feb 13 (Reuters) - Venezuelan PDVSA's unit in the United States, Citgo Petroleum, is working to restart some processing units at the Aruba refinery under a 25-year lease contract with the...
  
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• UPDATE 1-U.S. recovers Hellfire air-to-ground missile from Cuba

  14-02-2016 00:28
  
  WASHINGTON/HAVANA, Feb 13 (Reuters) - The United States has recovered an inert Hellfire air-to-ground missile that had mistakenly ended up in Cuba, U.S. and Cuban officials said on Saturday.
  
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