Finance news

• Swansea in talks with American investors on takeover deal

  09-04-2016 23:16
  
  LONDON (Reuters) - Swansea City are in talks with U.S. investors about a potential takeover and hope to reach agreement on the deal by the end of the season.
  
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• UPDATE 1-Puerto Rico governor declares emergency at Government Development Bank

  09-04-2016 21:02
  
  SAN JUAN, April 9 (Reuters) - Puerto Rico's Governor Alejandro Garcia Padilla declared an emergency at the island's Government Development Bank (GDB) on Saturday, suspending its lending power and...
  
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• UPDATE 1-Argentina eyes Article IV review in Sept: fin min

  09-04-2016 20:20
  
  NASSAU, April 9 (IFR) - Argentina will start discussions with the IMF next week on its first Article IV review in a decade, Finance Minister Alfonso Prat-Gay said at a conference held by the...
  
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• Argentina to start discussions on IMF review next week: fin min

  09-04-2016 19:21
  
  NASSAU, April 9 (IFR) - Argentina will start discussions with the IMF next week on a new Article IV review, Finance Minister Alfonso Prat-Gay said at a conference held by the Institute of...
  
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• Panama eyes liability management ahead of US$3.2bn in maturities

  09-04-2016 17:55
  
  NASSAU, April 9 (IFR) - Panama is starting to explore liability management options ahead of US$3.2bn of debt maturities falling due over the next six years, the country's head of public credit told...
  
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• Nigeria may save cash for oil projects to make up budget shortfall-finance minister

  09-04-2016 16:19 via news.yahoo.com
  
  By Alexis Akwagyiram and Ulf Laessing LAGOS (Reuters) - Nigeria might use money set aside for funding joint venture projects with foreign and local oil firms to make up any shortfall in the 2016 budget if government revenue projections are not met, Finance Minister Kemi Adeosun said on Saturday. The West African nation has been trying to boost tax revenues and the non-oil income to fund a record $30 billion 2016 budget aimed at reviving Africa's biggest economy hit by the slump in oil prices. "T
  
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• French bank chief 'more worried about sector now than in 2009'

  09-04-2016 15:47 via news.yahoo.com
  
  The chairman of France's second-biggest retail bank is more worried about Europe's banking sector now, in some ways, than when he took the reins at BPCE bank during the depths of the global financial crisis in 2009. Francois Perol said on the sidelines of an economic conference in Italy on Saturday that negative interest rates in the euro zone were a major problem, squeezing interest margins in a way that was unsustainable over the longer term. "I think it's more of a difficult situation for ban
  
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• Financial turmoil at SunEdison imperils solar projects worldwide

  09-04-2016 15:00
  
  LOS ANGELES, April 8 (Reuters) - In November, solar energy
  giant SunEdison Inc reported that its project pipeline
  had grown by 75 percent in just a year, the result of an
  aggressive growth strategy.
  
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• Italian banks' situation 'difficult but manageable': minister

  09-04-2016 13:57 via news.yahoo.com
  
  Italian banks can deal over the next two to three years with a pile of bad loans that grew during a deep recession, the country's economy minister said, adding that the situation of their balance sheets was "difficult but manageable". "A two, three-year horizon is a reasonable time frame," Economy Minister Pier Carlo Padoan told a business conference on Saturday.
  
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• Inflation tests ahead, currencies often not cooperating

  09-04-2016 13:07 via news.yahoo.com
  
  By Ross Finley LONDON (Reuters) - With the world economy entering a more uncertain phase and the top central banks sounding ever more cautious, attention may turn in the coming week to signs of whether years of aggressive stimulus have yielded any significant rise in inflation. The U.S. Federal Reserve, the Bank of England and the European Central Bank all have been disappointed to varying degrees about how little inflation has picked up, or indeed how it has spent too much time going the opposi
  
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• Nigeria considers selling Chinese Panda bonds -finance minister

  09-04-2016 12:58
  
  LAGOS, April 9 (Reuters) - Nigeria is considering selling Chinese Panda bonds to help finance the 2016 budget, its finance minister said on Saturday.
  
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• Djibouti incumbent president Guelleh wins -provisional results

  09-04-2016 10:16 via news.yahoo.com
  
  Ismail Omar Guelleh won a fourth five-year term as Djibouti's president in an election on Friday, securing 87 percent of the votes cast, provisional results announced by Interior Minister Hassan Omar on Saturday showed. Guelleh, who ran on the UMP party ticket, also won the last election in 2011 with almost 80 percent of the vote. In power since 1999, he has overseen Djibouti's economic rise as it seeks to position itself as an international port.
  
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• Confusion in Madagascar as president says PM has quit, PM says "No I haven't"

  09-04-2016 09:33 via news.yahoo.com
  
  By Lovasoa Rabary ANTANANARIVO (Reuters) - Madagascar's presidential office said on Friday that Prime Minister Jean Ravelonarivo and his cabinet have resigned - only for Ravelonarivo to say he had done no such thing. The president's office gave no explanation for the reported resignations, while Ravelonarivo said that the president had asked him to quit but that he had yet to hand in a resignation letter. Ravelonarivo took office in January 2015 after public frustration with power cuts, rampant
  
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• Vietnam government sees new faces but policy shift unlikely

  09-04-2016 07:40 via news.yahoo.com
  
  By Martin Petty HANOI (Reuters) - Vietnam completed a protracted leadership transition on Saturday, with 21 new faces in a cabinet tasked with reforming an economy seeing galloping growth but dogged by privatization and public debt problems. Parliament approved a 27-member lineup that retains some important figures from a government credited with driving a pro-business agenda, including finance minister Dinh Tien Dung and deputy premiers Vu Duc Dam and Pham Binh Minh, who is also foreign ministe
  
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• Analysts: Corporate earnings to further support market rally

  09-04-2016 05:01 via news.yahoo.com
  KUALA LUMPUR: As the outlook for Malaysia’s economy remains sanguine this year, analysts expect the local stock market to stay bullish with commendable growth in corporate earnings. The benchmark FTSE Bursa Malaysia KLCI’s (FBM KLCI) earnings growth is expected to return to a healthy level of 10 per cent, according to a Bloomberg consensus, which also expects the Malaysian economy to grow 4.4 per cent this year. In a recent report, MIDF Research said the anticipated current year perf
  
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• TGIF? Fridays off, but Venezuelans not exactly happy

  09-04-2016 04:58 via news.yahoo.com
  
  A long weekend could mean three precious days to catch up on sleep, spend time with family, enjoy a getaway... or, in Venezuela, standing in snaking lines at supermarkets whose shelves are bare and whose lights could go out at any minute. The measure, which applies across the public sector, was decreed this week by President Nicolas Maduro as part of an emergency plan to save electricity while Venezuela struggles through an economic crisis and a severe power shortage. The socialist government bl
  
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• Pacific E&P shareholders seek to block possible Catalyst Capital deal: WSJ

  09-04-2016 04:48 via news.yahoo.com
  (Reuters) - A group of shareholders group in Pacific Exploration & Production Corp has asked Colombia's markets regulator to block a possible buyout deal by private-equity fund Catalyst Capital Group Inc, The Wall Street Journal reported on Friday. The shareholder group, led by O'Hara Administration Co, filed a formal complaint with the Colombian regulator, the Wall Street Journal reported. The Journal said O'Hara holds a 20 percent stake.
  
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• China steel exports hurt market economy status, industry official says

  09-04-2016 03:56
  
  BEIJING, April 9 (Reuters) - A flood of Chinese steel product exports is damaging to the country's market economy status, the head of the steel association said in comments at a conference in Beijing...
  
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• BRIEF-Mountain View Police Department assisted Google after threat made to campus no injuries reported- Mountain View Police tweet

  09-04-2016 03:18
  
  * Mountain View Police Department assisted Google after threat made to campus earlier today, no injuries reported- Mountain View Police tweet Source text: (http://bit.ly/1Xmjb37) (Bengaluru Newsroom...
  
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• BRIEF-Few buildings on Google's Mountain View campus evacuated late Friday afternoon after threat against co- USA Today, citing local police

  09-04-2016 03:16
  
  * Few buildings on Google's Mountain View campus evacuated late Friday afternoon after threat was made against co- USA Today, citing local police Source text: (http://usat.ly/1XmiZkn) (Bengaluru...
  
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• BRIEF-Pacific Exploration and Production shareholders asked Colombia markets regulator to block possible buyout offer by Catalyst Capital-WSJ, citing sources

  09-04-2016 02:47
  
  * Pacific Exploration and Production shareholders asked Colombia markets regulator to block possible buyout offer by Catalyst Capital - WSJ, citing sources
  
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• BRIEF-Rugby Mining grants stock options to directors and officers replacing options expired in Feb

  09-04-2016 02:44
  
  * Granted 150,000 stock options to consultants with an exercise price of $0.06
  
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• P-8A patrol plane draws broad interest among US allies -Pentagon

  09-04-2016 02:42
  
  WASHINGTON, April 8 (Reuters) - American allies including Norway and Singapore have expressed interest in acquiring Boeing's P-8A Poseidon maritime patrol plane, Deputy U.S. Defense Secretary Robert...
  
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• Pentagon: U.S. needs up to 18 more Russian rocket engines

  09-04-2016 02:16
  
  WASHINGTON, April 8 (Reuters) - The Pentagon will need to buy up to 18 more Russian-built RD-180 engines to power rockets carrying U.S. military satellites into space over the next six years or so,...
  
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• UPDATE 2-SAP quarterly results fall short as U.S. market slows

  09-04-2016 01:49
  
  * Q1 underlying operating profit up 5 pct, short of mean forecast
  
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• UPDATE 3-U.S. to continue appeal of iPhone data case in N.Y.

  09-04-2016 01:36
  
  April 8 (Reuters) - The U.S. Justice Department on Friday said it would keep fighting to force Apple Inc to open an iPhone in a New York drug case, continuing its controversial effort to require...
  
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• UPDATE 1-Another ignition-switch case against GM dismissed

  09-04-2016 01:15
  
  April 8 (Reuters) - General Motors Co said on Friday that plaintiffs' lawyers suing over a faulty ignition switch linked to nearly 400 injuries and deaths have chosen to dismiss what was scheduled to...
  
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• UPDATE 1-Copper output at Cerro Verde mine in Peru curbed by strike - union

  09-04-2016 01:14
  
  LIMA, April 8 (Reuters) - Copper output from Freeport McMoRan Inc's Cerro Verde mine in Peru, one of the country's biggest, was partially affected during a 48-hour strike that started early on...
  
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• BRIEF-Evanachan buys 2.5 mln units of Brixton Metals

  09-04-2016 01:14
  
  * Evanachan Limited announces acquisition of units of Brixton Metals Corporation
  
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• BRIEF-Google, Facebook and Twitter have either taken a look or have been approached to take a look at at a Yahoo deal but unlikely to bid- Re/code

  09-04-2016 01:10
  
  * Google, Facebook and Twitter have either taken a look or have been approached to take a look at a Yahoo deal, but unlikely to bid - Re/code Source text (http://on.recode.net/1S8lpFd) ))
  
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• UPDATE 1-U.S. judge in Boston ordered Apple to help law enforcement examine iPhone

  09-04-2016 00:57
  
  BOSTON, April 8 (Reuters) - A U.S. magistrate judge in Boston ordered Apple Inc to assist law enforcement officers in examining the iPhone of an alleged gang member, according to a Feb. 1 court...
  
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• UPDATE 3-BTG Pactual spins off thriving commodities arm to bolster capital

  09-04-2016 00:48
  
  SAO PAULO/LONDON, April 8 (Reuters) - Grupo BTG Pactual SA has spun off a fast-growing commodities sales and trading unit, allowing the Brazilian investment bank to free up capital in the wake of a...
  
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• UPDATE 3-TransCanada to restart Keystone pipeline by Saturday upon PHMSA approval

  09-04-2016 00:39
  
  NEW YORK, April 8 (Reuters) - TransCanada Corp expects to restart its Keystone crude pipeline by Saturday, upon receiving conditional approval from the Pipeline and Hazardous Materials Safety...
  
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• Vertellus Specialties skips debt interest payment -sources

  09-04-2016 00:37
  
  April 8 (Reuters) - Vertellus Specialties Inc, a U.S. manufacturer of agricultural chemicals such as pyridine, is in talks to cut a deal with its lenders after missing a debt interest payment,...
  
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• Brazil's BM&FBovespa buys Cetip, creates Latin America's largest bourse

  09-04-2016 00:35
  
  SAO PAULO (Reuters) - BM&FBovespa SA, Latin America's largest financial bourse, took over rival Cetip SA Mercados Organizados in a transaction valued at almost 12 billion reais ($3.3 billion),...
  
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• UPDATE 1-Solar power firms seek delay to Brazil solar farm startups

  09-04-2016 00:28
  
  SAO PAULO, April 8 (Reuters) - Canadian Solar Inc, Renova Energia SA and four other solar power companies have asked Brazil to allow them to delay the startup of dozens of solar farms for two years...
  
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• Higher oil prices lift European, US stocks

  09-04-2016 00:27 via news.yahoo.com
  
  Stock markets rebounded in Europe and on Wall Street Friday behind higher oil prices, although worries about the upcoming earnings period cut into the gains in the United States.
  
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• UPDATE 1-Wells Fargo admits deception in $1.2 bln U.S. mortgage accord

  09-04-2016 00:03
  
  April 8 (Reuters) - Wells Fargo & Co admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a U.S. Department...
  
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• BRIEF-S&P - Pfizer Ratings affirmed, off watch on terminated acquisition plan outlook stable

  09-04-2016 00:02
  
  * Pfizer inc. Ratings affirmed, off watch on terminated acquisition plan; outlook stable
  
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• BRIEF-Moody's downgrades Chevron to Aa2 stable outlook

  09-04-2016 00:01
  
  * Downgrade of chevron to aa2 reflects expectations of negative free cash flow,rising debts levels caused by low oil prices in 2016 and 2017
  
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