Finance news

• REFILE-U.S. SEC says shift from examining brokers to investment advisers necessary

  20-02-2016 22:31
  
  WASHINGTON, Feb 20 (Reuters) - The major U.S. securities regulator's recent decision to scale back on examining brokers so it can boost oversight of investment advisers was borne of necessity,...
  
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• REFILE-U.S. SEC looking into bank-loan, exchange-traded funds after Third Ave

  20-02-2016 22:31
  
  WASHINGTON, Feb 20 (Reuters) - The U.S. Securities and Exchange Commission is wrapping up reviews of bank-loan and exchange-traded funds that share some characteristics with the Third Avenue junk...
  
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• African leaders seek investments despite 'terror' threat

  20-02-2016 19:44 via news.yahoo.com
  
  African leaders and bankers vowed at an economic summit in Egypt Saturday to push for trade and investments on the continent despite the growing threat of "terrorism" in the region. More than 1,200 delegates including some heads of state were in talks to sign business agreements during the two-day summit at the Red Sea resort of Sharm el-Sheikh, aimed at attracting private sector investment. Organisers hope the "Africa 2016" conference can build on a 26-nation free trade pact signed last year to
  
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• UPDATE 2-EU lenders working on plan for gradual Greek debt relief -Greek paper

  20-02-2016 18:50
  
  * Economy minister: review could be completed by March end (Adds comments from Greek finance minister)
  
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• REFILE-Brazil's Hypermarcas books strong profit on asset sale

  20-02-2016 17:57
  
  SAO PAULO, Feb 20 (Reuters) - Hypermarcas SA, the largest Brazilian maker of over-the-counter medicines, posted a strong fourth-quarter profit on Saturday after booking the first payment from the...
  
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• UPDATE 4-Cameron calls June 23 poll that will shape fate of Britain and EU

  20-02-2016 17:12
  
  * Cameron sets June 23 date for vote after 'special status' deal
  
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• Chinese film "The Mermaid" sets China box office record

  20-02-2016 15:27
  
  SHANGHAI, Feb 20 (Reuters) - Chinese film "The Mermaid" has broken China's box office record, overtaking locally-made "Monster Hunt" and Hollywood action movie "Furious 7", as domestic and...
  
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• African leaders push for investments at Egypt summit

  20-02-2016 14:19 via news.yahoo.com
  
  African leaders and bankers turned out at an economic summit in Egypt on Saturday, vowing to push for trade and investments on the continent despite growing security concerns in the region. More than 1,200 delegates including some heads of state aim to sign business agreements during the next two days at the Red Sea resort of Sharm el-Sheikh, to attract private sector investments in Africa. Organisers hope the "Africa 2016" conference can build on a 26-nation free trade pact signed last year to
  
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• Greece's Hellenic Petroleum to buy 60,000 bpd from Iran

  20-02-2016 14:12
  
  DUBAI, Feb 20 (Reuters) - Greece's biggest oil refiner, Hellenic Petroleum, will buy 60,000 barrels a day of crude oil from Iran which can increase to 150,000 bpd, Iran's deputy oil minister said on...
  
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• Iran seeks $45B in foreign investment

  20-02-2016 13:42 via news.yahoo.com
  
  TEHRAN, Iran (AP) — Iran's economy minister said his country is seeking $45 billion in foreign investment following the implementation of a landmark nuclear deal with world powers last month.
  
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• Croatia eyes 2 pct growth and tangible fiscal adjustment -finmin

  20-02-2016 13:04
  
  ZAGREB, Feb 20 (Reuters) - Croatia sees this year's growth at around two percent and will try to hold the budget deficit at three percent of gross domestic product to meet European Union demands, its...
  
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• U.S. overtakes France to become Germany's top trading partner

  20-02-2016 11:33 via news.yahoo.com
  
  By Rene Wagner BERLIN (Reuters) - The United States became the top destination for German exports last year, overtaking France for the first time since 1961 thanks to an upturn in the U.S. economy and a weaker euro, data from Germany's Statistics Office showed on Saturday. Exports to the United States rose by 19 percent to 114 billion euros ($127 billion) in 2015, compared with an increase in French purchases of 2.5 percent to 103 billion euros. It was the first time in more than half a century
  
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• Betting odds move further in favour of Britain remaining in EU - Ladbrokes

  20-02-2016 11:20
  
  LONDON, Feb 20 (Reuters) - Betting odds have moved further in favour of Britain remaining a member of the European Union after Prime Minister David Cameron struck a deal with other EU leaders,...
  
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• Uganda's Museveni set to extend 30-year rule, opposition cries foul

  20-02-2016 10:26 via news.yahoo.com
  
  By Edith Honan KAMPALA (Reuters) - Ugandan President Yoweri Museveni, one of Africa's longest- serving leaders, looks set to extend his 30-year rule after taking a strong lead in an election disputed by rivals, electoral commission data showed on Saturday. With about half of all votes counted, Museveni had 60 percent of the vote ahead of his nearest challenger, Kizza Besigye, who had secured 35 percent. Museveni, 71, has presided over strong economic growth, but faces mounting accusations at hom
  
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• Iran says managed to increase its oil exports by 500,000 bpd -FARS

  20-02-2016 10:06
  
  DUBAI, Feb 20 (Reuters) - Iran has increased oil exports by 500,000 barrels per day since international sanctions against Tehran were lifted in January, a top official said on Saturday.
  
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• China's top securities regulator steps down amid turmoil

  20-02-2016 10:03 via news.yahoo.com
  
  BEIJING (AP) — China's top securities regulator will step down following months of turmoil in Chinese stock markets that have battered faith in Beijing's economic management.
  
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• Guinea strike ends after agreement reached over wages, pensions

  20-02-2016 09:53 via news.yahoo.com
  
  Guinea's four-day general strike ended on Friday after the government agreed to raise wages and pensions for workers, labour union officials and the government said on Friday. Guinea, whose economy is still reeling from an Ebola outbreak, holds nearly a third of the world's reserves of the metal, used to make aluminium, and currently produces around 18 million tonnes a year. Despite the agreement over wages and pensions, the government of Guinea did not agree to lower fuel prices - another key u
  
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• Cameron to meet cabinet after clinching EU deal

  20-02-2016 09:45
  
  LONDON, Feb 20 (Reuters) - Prime Minister David Cameron will meet senior ministers on Saturday to endorse an EU deal he hopes will persuade voters to ratify Britain's membership of the world's...
  
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• Aggressive policy required to lower inflation: South African cbank deputy governor

  20-02-2016 09:25 via news.yahoo.com
  
  Aggressive monetary policy action is required in a short space of time to bring inflation back into target range, Kuben Naidoo, a South Africa Reserve Bank Deputy Governor said on Friday. In its first meeting of 2016, the Reserve Bank hiked interest rates by 50 basis points to 6.75 percent as it sought to keep inflation below its 6 percent target despite weak economic growth. "The cost of bringing inflation back into the target range once inflation expectations have become dislodged is high.
  
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• China removes stocks regulator head after market woes

  20-02-2016 07:50 via news.yahoo.com
  
  By Adam Jourdan SHANGHAI (Reuters) - China has removed the head of its securities regulator following a turbulent period in the country's stock markets, appointing a top state banking executive as his replacement, as leaders move to restore confidence in the economy. The announcement on the official Xinhua news agency on Saturday follows a string of assurances from senior leaders following the Lunar New Year holiday that China will underpin its slowing economy and steady its wobbly currency. Xin
  
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• UPDATE 2-China removes stocks regulator head after market woes

  20-02-2016 07:48
  
  * Replaced by Liu Shiyu, top banker and former central banker
  
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• CORRECTED-UPDATE 7-U.S., Apple ratchet up rhetoric in fight over encryption

  20-02-2016 06:13
  
  WASHINGTON, Feb 19 (Reuters) - The U.S. Department of Justice filed a motion on Friday seeking to compel Apple Inc to comply with a judge's order to unlock the encrypted iPhone belonging to one of...
  
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• S&P settles Australian lawsuit over Lehman Bros collapse

  20-02-2016 05:16 via news.yahoo.com
  
  A substantial settlement has been reached in a landmark A$200 million ($143 million) class action brought against ratings agency Standard & Poor's, according to the law firm for the local governments, churches and charities bringing the suit. London-based law firm Squire Patton Boggs said on Saturday that the settlement, which is subject to court approval, is likely to have widespread international ramifications for similar actions against Standard & Poor's (S&P) due to the number of
  
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• China to replace securities regulator head: state media

  20-02-2016 03:47 via news.yahoo.com
  
  China will replace the head of its securities regulator, state media reported on Saturday, as the country struggles to curb volatility in its stock markets. The ruling Communist Party has decided that Xiao Gang will be "dismissed" from the top position at the China Securities Regulatory Commission, the official Xinhua news agency said. Liu Shiyu, the current head of Agricultural Bank of China -- one of China's top four banks -- will replace Xiao, it said.
  
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• UPDATE 7-U.S., Apple ratchet up rhetoric in fight over encryption

  20-02-2016 03:42
  
  WASHINGTON, Feb 19 (Reuters) - The U.S. Department of Justice filed a motion on Friday seeking to compel Apple Inc to comply with a judge's order to unlock the encrypted iPhone belonging to one of...
  
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• Coal states must soon rule on Peabody Energy's cleanup subsidy -US regulator

  20-02-2016 02:34
  
  WASHINGTON, Feb 19 (Reuters) - Coal states must decide within days whether Peabody Energy Corp, the largest U.S. coal company, can continue to tap a taxpayer subsidy that has lowered its mine cleanup...
  
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• UPDATE 2-Airline bookings to Latin America fall after U.S. warning on Zika -study

  20-02-2016 02:13
  
  Feb 19 (Reuters) - Airline bookings to parts of Latin America and the Caribbean have slipped globally since a U.S. public health agency warned pregnant women against travel to areas where the Zika...
  
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• Repsol makes major natural gas discovery in Bolivia -govt and co

  20-02-2016 02:06
  
  LA PAZ, Feb 19 (Reuters) - Repsol SA discovered 4 trillion cubic feet (tcf) of possible natural gas reserves in Bolivia that it will start tapping in 2019, the government and company said Friday - a...
  
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• UPDATE 1-Sete Brasil plans bankruptcy in week if no Petrobras lease proposal -sources

  20-02-2016 02:03
  
  SAO PAULO, Feb 19 (Reuters) - Sete Brasil Participações SA plans to file for bankruptcy protection if state-controlled oil producer Petróleo Brasileiro SA, the rig builder's sole client, fails to...
  
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• UPDATE 2-Dying Adelphia founder, John Rigas, to be freed from prison

  20-02-2016 01:41
  
  NEW YORK, Feb 19 (Reuters) - A federal judge on Friday ordered the release from prison of John Rigas, the Adelphia Communications Corp founder convicted over a fraud that led to the cable TV...
  
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• Stocks edge lower again, but wrap up best week of the year

  20-02-2016 01:20 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks inched lower Friday as the price of oil slipped and investors worried again about the health of the global economy. Chemicals companies fell the most. Despite the loss, the market still had its best week of the year.
  
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• Yahoo board hires investment banks to mull possible sale

  20-02-2016 01:14 via news.yahoo.com
  
  Yahoo's board has hired three investment banking firms to evaluate potential bids for its Internet operations in the clearest sign yet that CEO Marissa Mayer may not have much more time to turn around ...
  
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• Pressure grows on Hillary Clinton to release Goldman Sachs speeches

  20-02-2016 00:49 via news.yahoo.com
  
  By Jonathan Allen NEW YORK (Reuters) - Hillary Clinton continued to resist calls to release her transcripts of paid speeches she gave to Goldman Sachs and other banks, saying she would hold onto them until Bernie Sanders and other rivals for the U.S. presidency released theirs. Sanders, her populist rival for the Democratic presidential nomination who has surged in polls with his furious rebukes of Wall Street and its role in the 2008 recession, said on Friday he had none to release because he d
  
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• Global markets gain in rocky week

  20-02-2016 00:47 via news.yahoo.com
  
  Global markets sagged Friday but still turned in one of the strongest weeks of 2016 despite worries about economic growth and weak commodity prices.
  
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