Finance news

• Japan's Abe taps experts as he mulls delaying 2nd tax hike

  25-03-2016 23:03 via news.yahoo.com
  
  TOKYO (AP) — The scene: Prime Minister Shinzo Abe, the economy minister and top central banker receiving a lecture from Nobel laureate economist Joseph Stiglitz. The message: No matter how bad the debt, Japan's economy is too weak to withstand another tax hike.
  
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• BRIEF-Solazyme enters note exchange agreements with some holders of its 6 pct convertible senior subordinated notes due 2018

  25-03-2016 22:03
  
  * Co entered into note exchange agreements with certain holders of co's 6.00% convertible senior subordinated notes due 2018
  
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• BRIEF-DuPont says entered into three-year, senior unsecured $4.5 billion term credit agreement with JP Morgan, other lenders party

  25-03-2016 21:45
  
  * Year, senior unsecured $4.5 billion term credit agreement with jpmorgan chase bank, other lenders party Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)
  
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• BRIEF-Liberty Broadband says its unit entered into two margin loan agreements

  25-03-2016 21:19
  
  * New margin loan agreements permit unit to borrow term loans up to to $300 million, of which it borrowed $200 million on march 24
  
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• Household spending and home building fuel modest US growth

  25-03-2016 21:09 via news.yahoo.com
  
  WASHINGTON (AP) — Consumer spending and home construction are helping sustain modest U.S. economic growth despite problems caused by a strong dollar, low oil prices and an excess of business stockpiles.
  
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• Pakistan, Iran vow to boost economic ties

  25-03-2016 20:02 via news.yahoo.com
  
  Pakistan and Iran agreed on Friday to enhance economic ties and open two more border crossings to increase trade, the government said. Iranian President Hassan Rouhani, who arrived on a two-day state visit to Pakistan, met with Pakistani Prime Minister Nawaz Sharif and held talks on matters of mutual interest, Islamabad said in a statement. "Our trade and economic ties have suffered due to sanctions.
  
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• BRIEF-Fitch says Pershing Square's ratings not yet impacted by Valeant decline

  25-03-2016 18:50
  
  * Pershing Square Holdings' 'BBB+' ratings not yet impacted by valeant decline
  
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• Exclusive: Qlik Technologies explores potential sale

  25-03-2016 18:09
  
  (Reuters) - U.S. data analytics firm Qlik Technologies Inchas begun exploring strategic alternatives, including a sale, after coming under pressure from an activist shareholder, according to people...
  
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• Russia's Alfa Telecom says ready to sell Turkcell stake for $2.7 billion

  25-03-2016 18:05
  
  ISTANBUL (Reuters) - Russia's Alfa Telecom said on Friday it was ready to sell a 13.22 percent indirect stake in Turkcell to Turkey's Cukurova and Ziraat Bank for a total of around $2.7 billion,...
  
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• BRIEF-S&P affirms Kyrgyz Republic 'B/B' ratings

  25-03-2016 17:44
  
  * Kyrgyz Republic 'B/B' ratings affirmed; outlook stable Source text: http://bit.ly/1Rqf02q
  
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• BRIEF-S&P lowers Republic Of Congo's long-term ratings to 'B-'

  25-03-2016 17:43
  
  * Republic of Congo long-term ratings lowered to 'B-' on rising external and fiscal vulnerabilities; outlook stable
  
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• BRIEF-S&P- - Dover, New Jersey's GO debt rating raised to 'AA-' on improved financial position

  25-03-2016 17:42
  
  * Dover, new jersey's go debt rating raised to 'AA-' on improved financial position Source text (http://bit.ly/1UpKVWL) Further company coverage:
  
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• US 4th quarter GDP revised up to 1.4 percent

  25-03-2016 17:19 via news.yahoo.com
  
  The US economy grew faster at the end of 2015 than originally believed thanks to more willing spending by consumers, the Commerce Department said Friday. Most economists see US gross domestic product growth sticking to the fourth quarter pace during the current quarter and maybe picking up significantly only in the second half of this year as strong job creation numbers translate into better consumer spending.
  
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• Exxon Mobil in talks to buy into Eni's giant Mozambique gas field -sources

  25-03-2016 15:55
  
  MILAN/LONDON, March 25 (Reuters) - Exxon Mobil is in talks to buy a stake of around 15 percent in Italian oil major Eni's giant Area 4 gas field in Mozambique, two sources familiar with the matter...
  
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• U.S. attempt to unlock San Bernardino iPhone could impact N.Y. case: Apple

  25-03-2016 15:48
  
  NEW YORK, March 25 (Reuters) - Apple Inc said the U.S. Justice Department's new attempts to unlock an iPhone used by one of the San Bernardino shooters without the tech giant's help could eliminate...
  
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• BRIEF-Waste Management CEO David Steiner's 2015 total compensation was $11.6 mln

  25-03-2016 15:08
  
  * Ceo david steiner's fy 2015 total compensation was $11.6 million versus $10.8 million in fy 2014 - sec filing Source text : http://1.usa.gov/22KxcLg Further company coverage: (Bengaluru Newsroom;...
  
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• UPDATE 1-FDA staff says Acadia's drug for Parkinson's disease psychosis is effective

  25-03-2016 14:57
  
  March 25 (Reuters) - U.S. Food and Drug Administration staff members said on Friday Acadia Pharmaceuticals Inc's drug to treat psychosis associated with Parkinson's disease was an effective treatment...
  
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• Zijin Mining's 2015 profit falls 29 pct on weak gold, base metal prices

  25-03-2016 14:56
  
  SINGAPORE, March 25 (Reuters) - Zijin Mining Group Co Ltd , China's biggest listed gold producer, reported on Friday a 29.4 percent fall in its 2015 net profit as a weak global economy pressured...
  
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• BRIEF-Delta Air Lines says Delta customers among fatalities in Brussels

  25-03-2016 14:21
  
  * Customers are among fatalities caused by explosions in departures area at Brussels' Zaventem airport on march 22
  
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• Delta Airlines says its customers were among fatalities in Brussels blasts

  25-03-2016 14:16
  
  March 25 (Reuters) - Delta Air Lines said in a statement on Friday that its customers were among the fatalities in the two deadly blasts at the departure area of the Brussels Airport at Zaventem on...
  
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• BRIEF-Huntsman Executive Chairman Jon Huntsman's 2015 total compensation was $6.2 mln

  25-03-2016 14:06
  
  * Ceo peter huntsman's fy 2015 total compensation $11.5 million versus $15.2 million in fy 2014
  
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• WRAPUP 1-U.S. fourth-quarter GDP growth revised up; profits dive

  25-03-2016 14:00
  
  WASHINGTON, March 25 (Reuters) - U.S. economic growth slowed in the fourth quarter, but not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag from efforts...
  
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• BRIEF-Court opens rehabilitation proceedings for Nanotel

  25-03-2016 13:36
  
  * Says on March 24 court has decided to open rehabilitation
  proceedings for the companySource text for Eikon:Further company coverage:
  (Gdynia Newsroom)
  
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• Poland could cut KGHM's 2016 mining tax -RMF radio report

  25-03-2016 13:22
  
  WARSAW, March 25 (Reuters) - Poland's Finance Ministry could lower to 1 billion zlotys ($262.2 million) the mining tax paid almost solely by state-controlled copper producer KGHM, local radio station...
  
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• BRIEF-FDA staff backs Acadia's drug to treat psychosis associated with Parkinson's disease

  25-03-2016 13:20
  
  * Single pivotal study established statistical evidence that pimavanserin 40 mg does not worsen parkinson's disease status
  
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• BRIEF-Babcock & Wilcox Enterprises CEO James Ferland's 2015 total compensation was $9.9 mln

  25-03-2016 13:17
  
  * Ceo james ferland's fy 2015 total compensation $9.9 million versus $6.9 million in fy 2014 - sec filing Source text : http://1.usa.gov/1T97cqd Further company coverage: (Bengaluru Newsroom; +1 646...
  
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• FDA staff backs Acadia's drug to treat psychosis associated with Parkinson's disease

  25-03-2016 13:13
  
  March 25 (Reuters) - U.S. Food and Drug Administration staff members said on Friday Acadia Pharmaceuticals Inc's drug to treat psychosis associated with Parkinson's disease was effective enough to...
  
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• BRIEF-Pentair CEO Randall Hogan's 2015 total compensation was $9.5 mln

  25-03-2016 13:09
  
  * Says cfo john stauch's fy 2015 total compensation $2.8 million versus $4.7 million
  
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• UPDATE 1-Kazakhstan replaces energy minister as oil output falls

  25-03-2016 13:07
  
  ALMATY, March 25 (Reuters) - Kazakhstan named Kanat Bozumbayev, a former head of the country's power grid, as its new energy minister on Friday, as the second-largest oil producer in the former...
  
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• BRIEF-Equifax CEO Richard Smith's 2015 total compensation was $12.9 mln

  25-03-2016 13:07
  
  * Says ceo richard smith's fy 2015 total compensation $12.9 million versus $13.9 million in fy 2014 - sec filing
  
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• UPDATE 1-Switzerland to hand Venezuela oil firm bank records to US

  25-03-2016 12:22
  
  ZURICH, March 25 (Reuters) - In a widening corruption probe into Venezuela's state oil company by U.S. authorities, Swiss regulators have agreed to provide U.S. prosecutors with records from at least...
  
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• BRIEF-HNI CEO Stan Askren's 2015 total compensation was $5.9 mln

  25-03-2016 11:18
  
  * Says ceo stan askren's fy 2015 total compensation $5.9 million versus $5.4 million in fy 2014 - sec filing Source text : http://1.usa.gov/1T8ZUD9 Further company coverage: (Bengaluru Newsroom; +1...
  
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• BRIEF-Progressive CEO Glenn Renwick's 2015 total compensation was $10.1 mln

  25-03-2016 11:11
  
  * Says ceo glenn renwick's fy 2015 total compensation $10.1 million versus $9.8 million in fy 2014 - sec filing
  
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• Asian stocks mostly higher in quiet holiday trading

  25-03-2016 11:11 via news.yahoo.com
  
  SEOUL, South Korea (AP) — The few Asian stock markets that were trading Friday mostly advanced, with shares in Tokyo and Shanghai up and Seoul stocks slightly lower. Financial markets in Europe, the United States and most of Asia were closed for the Good Friday holiday.
  
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• China securities regulator to investigate new types of grey margin finance

  25-03-2016 11:05 via news.yahoo.com
  
  SHANGHAI (Reuters) - China's securities regulator said it will investigate increasing incidence of new types of "grey market" margin finance in the stock market, according to a statement on its offici...
  
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• Kazakhstan's energy minister Shkolnik dismissed

  25-03-2016 10:09
  
  ALMATY, March 25 (Reuters) - Kazakh President Nursultan Nazarbayev has dismissed Energy Minister Vladimir Shkolnik, the president's office said in a statement.
  
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• Turkish central bank says took 'measured' step towards simplifying policy

  25-03-2016 10:03
  
  ANKARA, March 25 (Reuters) - The Turkish Central Bank said on Friday it decided to take a "measured" step towards policy simplification at its meeting this week, given the easing in global volatility...
  
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• Yokohama Rubber to buy Alliance Tire Group for about $1.2 billion

  25-03-2016 09:27
  
  TOKYO (Reuters) - Yokohama Rubber Co Ltdsaid on Friday it had agreed to buy Alliance Tire Group B.V. from private equity firm KKR & Co LPand others for about $1.2 billion in a bid to expand its...
  
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• CORRECTED-Kerry arrives in Brussels to offer help after bombings

  25-03-2016 09:20
  
  BRUSSELS, March 25 (Reuters) - U.S. Secretary of State John Kerry arrived in Brussels on Friday to show solidarity and offer U.S. assistance after Tuesday's Islamic State-claimed bombings which...
  
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• Myanmar launches first shares on fledgling bourse

  25-03-2016 08:53 via news.yahoo.com
  
  Myanmar launched its first stock exchange with just one listed company Friday, with hopes the move could aid the country's economic rise as it emerges from decades of isolationist military rule. The Southeast Asian nation is in the midst of a dramatic transition from a graft-soaked backwater to a vibrant emerging economy, with Aung San Suu Kyi's party days away from forming a civilian government. The Yangon Stock Exchange officially opened for trading, twenty years after it had first been concei
  
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• JGBs steady, underpinned by solid 2-year auction

  25-03-2016 08:05
  
  TOKYO, March 25 (Reuters) - Japanese government bond prices were steady on Friday, shrugging off an overnight drop in U.S. Treasuries, after solid two-year auction results underscored persistently...
  
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• Premier Foods investors urge McCormick talks after Nissin deal

  25-03-2016 06:10
  
  LONDON (Reuters) - Two major shareholders in Premier Foodsurged it on Thursday to hold talks with U.S. suitor McCormick , after the British company formed an alliance with Japanese instant noodle...
  
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• US economy likely struggled last quarter; mild rebound seen

  25-03-2016 05:15 via news.yahoo.com
  
  WASHINGTON (AP) — After struggling in the final three months of 2015, the U.S. economy is thought to be rebounding in the current quarter, though not as strongly as most analysts had once expected.
  
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• Asian stocks mixed in quiet holiday trading

  25-03-2016 05:05 via news.yahoo.com
  
  SEOUL, South Korea (AP) — The few Asian stock markets that were trading Friday were mixed, with Tokyo shares up and stocks in Seoul and Shanghai nearly flat. Financial markets in Australia, Hong Kong, Singapore, Indonesia and India were closed for the Good Friday holiday.
  
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• Japan inflation unchanged at zero in February

  25-03-2016 02:57 via news.yahoo.com
  
  Japanese consumer inflation stuck at zero in February for the second straight month, marking another blow to Prime Minister Shinzo Abe's struggle to end nagging deflation. Abe came to power in December 2012 vowing to reverse the prolonged and debilitating decline in consumer prices that has plagued Japan's economy on and off for years. Bank of Japan Governor Haruhiko Kuroda has used unconventional tools, including massive buying of government bonds and, since January, a negative interest rate, i
  
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• Delta Air Lines in agreement to settle lawsuit against Republic

  25-03-2016 02:35
  
  March 24 (Reuters) - Delta Air Lines Inc has agreed to settle a lawsuit that accused Republic Airways Holdings Inc of breaching a contract to operate flights for Delta, Republic said in a news...
  
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• Economic data could put stocks back on higher path

  25-03-2016 01:59 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - The March U.S. employment report and other key economic numbers next week could help U.S. stocks resume their recent winning path as long as that data hits the sweet spot: Not strong enough to add to worries about further interest rate hikes, yet not weak enough to cause concern about a recession. Reports on the housing market could also draw investors' attention given recent sharp gains in homebuilder stocks. Major indexes remain well above their 20
  
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• Sharp warns on earnings as takeover talks with Foxconn drag on

  25-03-2016 01:45 via news.yahoo.com
  
  TOKYO (Reuters) - Sharp Corp said its annual earnings were likely to fall short of its official guidance citing a slowing China market, a factor that Taiwan's Foxconn is expected to use to lower its o...
  
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• Netflix admits to downgrading video quality on AT&T, Verizon phones - WSJ

  25-03-2016 00:47 via news.yahoo.com
  
  (Reuters) - Netflix Inc said it had been lowering the quality of its video for customers watching its service on wireless networks such as AT&T and Verizon Communications for more than five years, The Wall Street Journal reported on Thursday. The Journal quoted Netflix as saying it had limited its videos to most wireless carriers across the globe, capping them at 600 kiliobits-per-second, to "protect consumers from exceeding mobile data caps." (https://bit.ly/1UPgJTv) The company also said t
  
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• California universities to sell $1.4 bln muni bonds next week

  25-03-2016 00:12
  
  NEW YORK, March 24 (Reuters) - The Trustees of the California State University next week will issue $1.4 billion of systemwide revenue bonds, the week's largest deal on a $6.8 billion calendar of...
  
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