Finance news

• REFILE-UPDATE 4-Irish PM faces unpalatable alliance as voters oust coalition

  27-02-2016 23:19
  
  DUBLIN, Feb 27 (Reuters) - Ireland's ruling coalition was ousted by voters angry at the country's uneven recovery, results indicated on Saturday, leaving Prime Minister Enda Kenny facing the...
  
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• RPT-Buffett defends Clayton Homes after critics fault its lending

  27-02-2016 21:37
  
  NEW YORK, Feb 27 (Reuters) - At last May's annual meeting of his Berkshire Hathaway Inc, Warren Buffett said he had "no apologies whatsoever" for the lending practices of the company's Clayton Homes...
  
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• Buffett defends Clayton Homes after critics fault its lending

  27-02-2016 21:30
  
  NEW YORK, Feb 27 (Reuters) - At last May's annual meeting of his Berkshire Hathaway Inc, Warren Buffett said he had "no apologies whatsoever" for the lending practices of the company's Clayton Homes...
  
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• IMF says Tunisia should adjust its 'development model'

  27-02-2016 21:16 via news.yahoo.com
  
  Tunisia should adjust its development model to counter economic slowdown and build "inclusive growth", the International Monetary Fund's country representative said, ahead of an expected line of IMF credit. "This trend needs to be reversed... The idea would be to build the base for inclusive growth and revise Tunisia's development model," Robert Blotevogel told AFP.
  
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• UPDATE 1-Buffett rails against presidential candidates who talk down economy

  27-02-2016 20:54
  
  NEW YORK, Feb 27 (Reuters) - Warren Buffett bemoaned the "negative drumbeat" on the U.S. economy from presidential candidates in his annual Berkshire Hathaway Inc shareholder letter on Saturday,...
  
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• HIGHLIGHTS-Warren Buffett attacks Wall Street analysts over 'phony' earnings

  27-02-2016 20:44
  
  NEW YORK, Feb 27 (Reuters) - The following are excerpts from Warren Buffett's annual letter to Berkshire Hathaway Inc shareholders, which was released early Saturday:
  
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• Disney resets theme park ticket prices for slow, busy times

  27-02-2016 20:00
  
  LOS ANGELES, Feb 27 (Reuters) - Walt Disney Co unveiled new single-day ticket prices on Saturday for the company's U.S. theme parks, switching to a three-tiered system that charges visitors more on...
  
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• UPDATE 2-Warren Buffett's Berkshire Hathaway quarterly profit jumps almost one third

  27-02-2016 19:53
  
  Feb 27 (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 32 percent, helped by improved results in its insurance operations and higher gains from...
  
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• Brazil airline Gol to get $251 mln cash injection, trim routes

  27-02-2016 19:37
  
  RIO DE JANEIRO, Feb 27 (Reuters) - Brazil's second biggest airline Gol Linhas Aereas Inteligentes SA said it will get a cash injection of up to 1 billion reais ($251 million) and announced cuts to...
  
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• UPDATE 1-Warren Buffett defends 3G, touts economy amid record Berkshire profit

  27-02-2016 18:43
  
  Feb 27 (Reuters) - Warren Buffett on Saturday used his annual letter to Berkshire Hathaway Inc shareholders to launch vigorous defenses of a private equity firm and a mobile home unit that critics...
  
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• Rouhani: Iran election has given government more power - IRNA

  27-02-2016 18:40 via news.yahoo.com
  
  TEHRTAN (Reuters) - Iran's election has given the government more credibility and clout, President Hassan Rouhani was quoted as saying by official media on Saturday, after reformists allied to him made gains in a contest for parliament and a leadership body. “The competition is over. It’s time to open a new chapter in Iran’s economic development based on domestic abilities and international opportunities," the official IRNA news agency reported him as saying. He added that the
  
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• Irish foes may have to consider unprecedented alliance as coalition thrown out

  27-02-2016 18:24 via news.yahoo.com
  
  By Padraic Halpin and William James DUBLIN (Reuters) - Ireland's main opposing parties will have to start thinking about forming an unprecedented alliance, analysts said, after exit polls on Saturday suggested voters had rejected the ruling coalition, many opting instead for protest groups and independents. Enda Kenny's government looks to be the latest victim of European voters' growing antipathy to mainstream politics. Although under his premiership Ireland has bounced back from a bailout to b
  
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• UPDATE 3-Irish foes may have to consider unprecedented alliance as coalition thrown out

  27-02-2016 18:19
  
  * Counting begins early Saturday, final results next week (Adds Fianna Fail leader quotes, first results)
  
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• Dognapping on the rise in petloving Brazil

  27-02-2016 17:47 via news.yahoo.com
  
  By Reese Ewing SAO PAULO (Reuters) - While Brazil's economy is in the doghouse, one underground business is bucking the trend -- dognapping. Bosco, a black and white Boston Terrier stolen in November from outside a grocery store in Sao Paulo's posh Jardins neighborhood, became the poster-pup for the rise of dognappings. Raul Rocha, one of a team of six investigators at DetetivePet in Sao Paulo that helped broker Bosco's return, said that in the past, thieves were mostly in it for quick cash, sel
  
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• REFILE-Buffett rails against presidential candidates who talk down economy

  27-02-2016 17:42
  
  NEW YORK, Feb 27 (Reuters) - Warren Buffett bemoaned the "negative drumbeat" on the U.S. economy from presidential candidates in his annual Berkshire Hathaway Inc shareholder letter on Saturday,...
  
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• Warren Buffett defends 3G, Clayton Homes as Berkshire profit grows

  27-02-2016 16:56
  
  Feb 27 (Reuters) - Warren Buffett on Saturday launched vigorous defenses of a private equity firm and a mobile home unit that critics say employ controversial business practices antithetical to...
  
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• Buffett rails against presidential candidates who talk down economy

  27-02-2016 16:42
  
  NEW YORK, Feb 27 (Reuters) - Warren Buffett bemoaned the "negative drumbeat" on the U.S. economy from presidential candidates in his annual Berkshire Hathaway Inc shareholder letter on Saturday,...
  
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• Swiss agree road map with Iran for boosting ties

  27-02-2016 16:13 via news.yahoo.com
  
  Switzerland said on Saturday it had agreed on a "road map" for building business, financial and other links with Iran after Swiss President Johann Schneider-Ammann met his counterpart Hassan Rouhani in Tehran. "The aim is to relaunch various dialogues between Switzerland and Iran," Switzerland's department of Economic Affairs, Education and Research said in a statement.
  
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• Britain's Osborne wins U.S. backing in pushing Brexit onto G20's top risks

  27-02-2016 15:25 via news.yahoo.com
  
  By Jan Strupczewski and Brenda Goh SHANGHAI (Reuters) - British finance minister George Osborne pushed financial leaders from the top 20 economies to include the risk of Britain leaving the European Union in their list of dangers to the world economy on Saturday, gaining explicit support from the United States. British Prime Minister David Cameron negotiated a special status for Britain in the bloc last week to help convince eurosceptics that continued membership was more beneficial than leaving
  
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• UPDATE 2-Osborne wins U.S. backing in pushing Brexit onto G20's top risks

  27-02-2016 15:18
  
  * Osborne pushed to add Brexit to G20 list of risks, officials say
  
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• After G20 stalemate, focus turns to signs of growth momentum

  27-02-2016 15:03 via news.yahoo.com
  
  Investors worried about the risk of a new global recession are hoping that data over the coming week will show that some momentum remains in the world economy, eight years into its slow recovery from the financial crisis. The Group of 20 economies were unable to agree on a joint push for new stimulus measures at a meeting which ended on Saturday, turning attention instead to upcoming business surveys from China, Japan, Europe the United States. Central banks in Europe and Japan may inject a litt
  
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• UPDATE 1-Warren Buffett's Berkshire Hathaway Q4 profit rises 32 pct

  27-02-2016 14:55
  
  Feb 27 (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 32 percent, helped by improved results in its insurance operations and higher gains from...
  
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• Berkshire Hathaway Q4 profit rises 32 pct

  27-02-2016 14:23
  
  Feb 27 (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 32 percent, helped by improved results in its insurance operations and higher gains from...
  
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• WRAPUP 3-G20 to say world needs to look beyond ultra-easy policy for growth

  27-02-2016 14:14
  
  * G20 says monetary policy alone cannot provide balanced growth
  
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• Osborne wins U.S. backing in pushing Brexit onto G20's top risks

  27-02-2016 13:42 via news.yahoo.com
  
  By Jan Strupczewski and Brenda Goh SHANGHAI (Reuters) - British finance minister George Osborne pushed financial leaders from the top 20 economies to include the risk of Britain leaving the European Union in their list of dangers to the world economy on Saturday, gaining explicit support from the United States. British Prime Minister David Cameron negotiated a special status for Britain in the bloc last week to help convince eurosceptics that continued membership was more beneficial than leaving
  
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• United States sets out limits on its spying as part of new data pact with EU

  27-02-2016 12:59
  
  * Previous one struck down by EU court on U.S. spying concerns
  
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• The world should stop relying on U.S. consumers: U.S. Treasury chief Lew

  27-02-2016 12:56 via news.yahoo.com
  
  U.S. Treasury Secretary Jack Lew called on G20 members on Saturday to redouble their efforts to boost global demand instead of relying on the American consumer to drive growth. Lew, speaking at a press conference at the end of the G20 finance ministers conference in Shanghai, also said the dollar's strength was a function of a strong economy, and that the meeting had underscored that U.S. growth remained a bright spot in the global economy. Separately, Lew called on China to remain communicative
  
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• IMF's Lagarde sees renewed sense of urgency to act collectively

  27-02-2016 12:56 via news.yahoo.com
  
  SHANGHAI (Reuters) - IMF Managing Director Christine Lagarde warned that without collective action by global policymakers, the global economy could derail, but added that she sees a renewed sense of urgency to act in concert.
  
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• BOJ's Kuroda says G20 fully understands Japan's negative interest rate policy

  27-02-2016 12:39 via news.yahoo.com
  
  Bank of Japan Governor Haruhiko Kuroda said on Saturday that the central bank had won the full understanding of fellow G20 policymakers that its adoption of negative interest rates was aimed at hitting a 2 percent inflation goal as soon as possible. Speaking to reporters after two days of meetings among Group of 20 finance ministers and central bankers in Shanghai, Kuroda said that negative interest rate policy was already having an effect. Finance Minister Taro Aso, speaking at the same news co
  
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• UPDATE 1-Global regulators may propose rules for fintech - FSB's Carney

  27-02-2016 12:29
  
  * Carney says banks must adjust business models further (Adds more detail from letter, changes media identification slug)
  
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• UK's Osborne says G20 officials unanimous on Brexit risk to world economy

  27-02-2016 12:28 via news.yahoo.com
  
  British finance minister George Osborne said on Saturday that top finance officials from the Group of 20 nations were unanimous that a possible British exit from the European Union would be a shock to the global economy. "Here at the G20, finance leaders and central bank governors of the world's biggest economies have raised serious concerns about the risks posed by a UK exit from the EU," Osborne said in a statement from Shanghai.
  
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• Irish exit poll shows no clear winners as government hammered

  27-02-2016 12:26 via news.yahoo.com
  
  By Padraic Halpin and William James DUBLIN (Reuters) - Ireland's two main political foes were left considering an unlikely alliance on Saturday after exit polls suggested voters had rejected established parties -- including the ruling coalition -- in favor of protest groups and independents. Enda Kenny's government looked to be the latest victim of European voters' growing antipathy to mainstream politics even though his premiership has seen Ireland bounce back from a bailout to become the conti
  
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• Osborne says Britain could face fresh spending cuts

  27-02-2016 12:19 via news.yahoo.com
  
  Britain's government may have to impose fresh public spending cuts in next month's budget, George Osborne warned on the fringes of a G20 ministerial summit which ended Saturday. The Chancellor of the Exchequer had slowed the pace of austerity cuts in his last spending review in November but has now indicated fresh reductions are on the cards in the March 16 budget. "The storm clouds are clearly gathering in the world economy and that has a consequence for lots of countries including Britain," Os
  
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• Osborne pushes Brexit onto G20 list of risks to global economy

  27-02-2016 12:10
  
  SHANGHAI, Feb 27 (Reuters) - British finance minister George Osborne pushed to include the risk of Britain leaving the European Union onto the list of risks to the global economy agreed by financial...
  
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• China c.bank chief says G20 needs to improve policy coordination

  27-02-2016 11:26 via news.yahoo.com
  
  SHANGHAI (Reuters) - China's central bank chief Zhou Xiaochuan said there is a pressing need for G20 members to improve policy coordination, in comments contained in a statement from the Chinese delegation to the G20 conference distributed in Shanghai on Saturday. Zhou also said that China's economic fundamentals remain healthy, with significant room for more growth in the future. (Reporting by Kevin Yao; Writing by Pete Sweeney; Editing by Jacqueline Wong)
  
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• UPDATE 1-G20 communique says monetary policy alone cannot bring balanced growth

  27-02-2016 11:24
  
  SHANGHAI, Feb 27 (Reuters) - Policymakers from the world's top economies said on Saturday that the world needs to look beyond easy monetary policy to provide balanced growth.
  
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• China's finance minister says structural reforms key to global economy

  27-02-2016 11:07 via news.yahoo.com
  
  SHANGHAI (Reuters) - Chinese Finance Minister Lou Jiwei said on Saturday deepening structural reforms is the fundamental way to deal with challenges in the global economy, and China was willing to work with G20 countries to contribute to strong, sustainable, balanced global growth.
  
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• G20 to tell each other in advance about moves that could devalue currencies

  27-02-2016 10:46
  
  SHANGHAI, Feb 27 (Reuters) - Financial leaders of the world's 20 biggest economies agreed to inform each other in advance about policy decisions that could lead to devaluations of their currencies,...
  
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• South Africa finance minister says he will fight efforts to discredit him

  27-02-2016 10:34 via news.yahoo.com
  
  By Stella Mapenzauswa JOHANNESBURG (Reuters) - South Africa's finance minister said on Friday he would take legal action to protect himself from what he called attempts to discredit him and the integrity of the Treasury. The rand fell after Pravin Gordhan's statement and another from President Jacob Zuma expressing his confidence in Gordhan, whom he appointed in December after a previous change of finance minister triggered a plunge in the South African currency. Confirming he had received a let
  
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• Clinton deflects calls to release Wall Street speech transcripts

  27-02-2016 10:21 via news.yahoo.com
  
  Democratic presidential candidate Hillary Clinton defended her paid speeches to Wall Street, saying in an interview that aired on Friday that they would not soften her campaign pledges for tougher regulation. The former U.S. Senator from New York and secretary of state is under pressure from rival candidate Bernie Sanders, who has made her Wall Street ties a top campaign issue and called for her to release transcripts of her remarks. Clinton was reportedly paid millions in appearance fees after
  
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• South African business leaders urge president to deal with Treasury ructions

  27-02-2016 10:11 via news.yahoo.com
  
  CAPE TOWN (Reuters) - South African business leaders have urged President Jacob Zuma to urgently deal with a public spat between Finance Minister Pravin Gordhan and the revenue service chief which has sapped investor confidence and hammered the rand currency. "We would appreciate if the president as a matter of urgency addresses this situation," Cas Coovadia, spokesman for a group of chief executives who have been interacting recently with Zuma and Gordhan on ways to grow the economy, told Reute
  
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• Dow settlement signals impact of Scalia death on class actions

  27-02-2016 10:00
  
  WASHINGTON (Reuters) - Dow Chemical Co's agreement to pay $835 million to settle a price-fixing dispute provides evidence that Justice Antonin Scalia's death is a blow to businesses that have had...
  
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• CORRECTED-UPDATE 1-UK's Osborne warns of deeper spending cuts after growth falls short

  27-02-2016 09:56
  
  LONDON, Feb 26 (Reuters) - British finance minister George Osborne warned that he might cut public spending more deeply than he previously planned after the country's economic growth fell short of...
  
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• CORRECTED-UK's Osborne warns of deeper spending cuts after growth falls short -BBC

  27-02-2016 09:56
  
  LONDON, Feb 26 (Reuters) - British finance minister George Osborne warned that he might cut public spending more deeply than he previously planned after the country's economic growth fell short of...
  
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• Australian minister surprised by Holden closure

  27-02-2016 08:50
  
  SYDNEY, Feb 27 (Reuters) - An Australian minister has vowed to "get to the bottom" of a dropped takeover plan for a Holden car assembly plant in Adelaide that would have kept the factory open.
  
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• Moody's cuts Oman credit rating two notches before bond issue

  27-02-2016 07:45
  
  DUBAI, Feb 27 (Reuters) - Moody's Investors Service sharply cut Oman's sovereign credit rating on Saturday, just weeks before the country may launch its first international bond issue in nearly 20...
  
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• G20 to say world needs to look beyond ultra-easy policy for growth

  27-02-2016 07:25 via news.yahoo.com
  
  By Jan Strupczewski and Gernot Heller SHANGHAI (Reuters) - The world's top economies are set to declare on Saturday that they need to look beyond ultra-low interest rates and printing money if the global economy is to shake off its torpor, while promising a new focus on structural reform to spark activity. A draft of the communique to be issued by the Group of 20 (G20) finance ministers and central bankers at the end of a two-day meeting in Shanghai reflected myriad concerns and policy frictions
  
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• China tries charm to reassure over slowing growth

  27-02-2016 06:51 via news.yahoo.com
  
  China's normally reclusive central bank chief Zhou Xiaochuan is an unusually prominent presence at the G20 finance ministers meeting in Shanghai, racing from seminar to news conference to spread positive messages about the world's second-largest economy. After months of silence, the governor of the People's Bank of China (PBoC) wants investors to know that the yuan currency -- also known as the renminbi (RMB) -- will be stable despite the slowest growth in a quarter of a century. "The fundamenta
  
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• UPDATE 3-China loan to Petrobras may help pay most 2016 debt -source

  27-02-2016 06:27
  
  * Loan boosts China Bank's Brazil exposure, but amount unclear (Rewrites, adds source comment, loan detail, Petrobras debt background, tallies of China's Petrobras loans)
  
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• G20 draft communique says monetary policy alone cannot bring balanced growth

  27-02-2016 05:38
  
  SHANGHAI, Feb 27 (Reuters) - A draft of the G20 communique seen by Reuters on Saturday says that monetary policy alone cannot bring balanced growth, as global finance leaders meet in Shanghai to try...
  
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