Finance news

• Panama needs 'more time' to impose OECD tax info measures

  28-04-2016 23:46 via news.yahoo.com
  
  Panama needs "a little more time" to comply with OECD standards on exchanging tax information but remains committed to greater financial transparency, President Juan Carlos Varela told reporters on Thursday. Varela did not specify how much time Panama was seeking to meet the Organisation for Economic Cooperation and Development's reporting standards for automatically exchanging tax information. Revelations in the so-called Panama Papers, which showed how one Panama law firm set up 200,000 offsho
  
  Read more

• TSX dips as financials drag; gold stocks rally

  28-04-2016 23:45 via news.yahoo.com
  
  By Fergal Smith TORONTO (Reuters) - Canada's main stock index edged slightly lower on Thursday as losses for financials and other sectors offset gains for gold miners and Bombardier Inc after the company won a large plane order. The index has rallied 20 percent since January but has been unable to climb back above the 14,000 threshold. It moved back in reach of that level on Thursday before turning lower as losses on Wall Street deepened after the Bank of Japan's shocking call to cap monetary st
  
  Read more

• BRIEF-Agnico Eagle Q1 earnings per share $0.13

  28-04-2016 23:38
  * Continued strong operational performance - amaruq, el barqueno and barsele
  drill programs yield positive results
  
  Read more

• BRIEF-Av Homes Q1 earnings per share $0.04

  28-04-2016 23:37
  * Q1 earnings per share view $0.05 -- Thomson Reuters
  I/B/E/S
  
  Read more

• Advertisement

• BRIEF-Super Micro Computer Q3 earnings per share $0.32

  28-04-2016 23:36
  * Q3 earnings per share view $0.34 -- Thomson Reuters
  I/B/E/S
  
  Read more

• BRIEF-Mobileiron Q1 non-GAAP loss per share $0.13

  28-04-2016 23:36
  * Q1 earnings per share view $-0.13 -- Thomson Reuters
  I/B/E/S
  
  Read more

• BRIEF-Midwestone Financial Group Q1 earnings per share $0.49

  28-04-2016 23:36
  * Says net interest income of $25.6 million for the first
  quarter of 2016 increased $11.3 million, or 79.4%
  
  Read more

• BRIEF-Kaiser Aluminum announces upsizing and pricing of senior notes

  28-04-2016 23:36
  * Kaiser Aluminum corporation announces upsizing and pricing
  of senior notes
  
  Read more

• Advertisement

• BRIEF-First quantum minerals Q1 shr $0.09

  28-04-2016 23:36
  * Q1 earnings per share view $0.05 -- Thomson Reuters
  I/B/E/S
  
  Read more

• TIMELINE-Main events in Brazil corruption probe

  28-04-2016 23:35
  April 28 (Reuters) - Brazilian prosecutors charged political
  strategist Joao Santana, the architect of President Dilma
  Rousseff's 2010 and 2014 election victories, with corruption on
  Thursday....
  
  Read more

• BRIEF-Netsuite Q1 gaap loss per share $0.37

  28-04-2016 23:35
  * Q1 revenue $216.6 million versus i/b/e/s view $213.3
  million
  
  Read more

• BRIEF-Cardtronics Q1 adjusted earnings per share $0.68

  28-04-2016 23:35
  * Q1 earnings per share view $0.65 -- Thomson Reuters
  I/B/E/S
  
  Read more

• BRIEF-Inphi Q1 non-gaap earnings per share $0.27

  28-04-2016 23:05
  * Gaap basis in q1 of 2016 increased to 68.8%, compared with
  66.6%
  
  Read more

• BRIEF-Acadia Healthcare Sees FY 2016 adjusted earnings per share $2.81 to $2.86

  28-04-2016 23:03
  * Acadia healthcare reports 27.9% growth in first quarter
  adjusted EPS to $0.55 on revenue of $616.8 million
  
  Read more

• GLOBAL MARKETS-Yen posts big gains, stocks fall after BOJ surprise

  28-04-2016 23:01
  NEW YORK, April 28 (Reuters) - Stocks around the globe fell
  on Thursday after the Bank of Japan surprised markets by holding
  interest rates steady and declining to adopt more stimulus,
  pushing the...
  
  Read more

• EMERGING MARKETS-Colombian peso leads Latam FX gains on dovish Fed

  28-04-2016 22:54
  (Recasts with Colombian peso gains, updates prices)BRASILIA, April 28 (Reuters) - Colombia's peso surged to
  nearly a six-month high on Thursdayas Latin American
  currencies gained after weak...
  
  Read more

• BRIEF-Juniper Networks Q1 non-gaap earnings per share $0.37

  28-04-2016 22:54
  * Juniper networks reports preliminary first quarter 2016
  financial results
  
  Read more

• BRIEF-B&G Foods Q1 gaap earnings per share $0.56

  28-04-2016 22:54
  * Fy2016 earnings per share view $1.95, revenue view $1.41
  billion -- Thomson Reuters I/B/E/S
  
  Read more

• CANADA FX DEBT-C$ strengthens to nearly 10-month high as oil rallies

  28-04-2016 22:53
  * Canadian dollar at C$1.2549 or 79.69 U.S. cents* Bond prices higher across the maturity curve By Ethan LouTORONTO, April 28 (Reuters) - The Canadian dollar hit nearly
  a 10-month high...
  
  Read more

• BRIEF-Synaptics Q3 earnings per share $0.54

  28-04-2016 22:53
  * Q3 earnings per share view $1.51 -- Thomson Reuters
  I/B/E/S
  
  Read more

• BRIEF-Cytokinetics Q1 loss per share $0.31

  28-04-2016 22:52
  * Cytokinetics, inc. Reports first quarter 2016 financial
  results
  
  Read more

• BRIEF-Baidu sees Q2 2016 revenue up 21.3 to 24.2 percent

  28-04-2016 22:52
  * Total revenues in q1 of 2016 were rmb15.821 billion (
  $2.454 billion ), a 31.2% year-over-year increase
  
  Read more

• Wall Street sinks on BOJ fears, Icahn comments

  28-04-2016 22:45 via news.yahoo.com
  
  U.S. stocks closed down on Thursday as the Bank of Japan's shocking call to cap monetary stimulus continued to rattle investors while a late day decline in Apple shares on remarks by billionaire investor Carl Icahn added to selling pressure. The benchmark S&P 500 had its worst day in three weeks, losing 19.26 points, or 0.92 percent, to 2,075.89, the Dow Jones industrial average fell 208.81 points, or 1.16 percent, to 17,832.74 and the Nasdaq Composite dropped 57.85 points, or 1.19 percent,
  
  Read more

• US STOCKS-Wall St sinks on BOJ fears, Icahn comments

  28-04-2016 22:43 via news.yahoo.com
  The benchmark S&P 500 had its worst day in three weeks, losing 19.26 points, or 0.92 percent, to 2,075.89, the Dow Jones industrial average fell 208.81 points, or 1.16 percent, to 17,832.74 and the Nasdaq Composite dropped 57.85 points, or 1.19 percent, to 4,805.29. Stocks fell early in the day on the BOJ's decision to hold steady in the face of soft global demand and a rise in the yen, jarring markets particularly after media reports that the central bank would likely go deeper into negativ
  
  Read more

• Abbott deal for St. Jude spurs company split talk

  28-04-2016 22:41 via news.yahoo.com
  When Abbott Laboratories said on Thursday it would buy heart device company St. Jude Medical Inc for $25 billion, it set off a flurry of Wall Street speculation over whether Abbott Chief Executive Miles White is laying groundwork to split the company yet again. Three years ago, White spun off Abbott's fast-growing branded drugs business into a new company, AbbVie, buoyed by top-selling arthritis medicine Humira, which helped AbbVie shares double. Abbott retained medical devices, nutritionals, di
  
  Read more

• Wall Street drops after BOJ decision; Apple weighs

  28-04-2016 22:04 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks closed down on Thursday as the Bank of Japan's shocking call to cap monetary stimulus continued to rattle investors while a late day decline in Apple shares on remarks from billionaire investor Carl Icahn added to selling pressure. The Dow Jones industrial average fell 208.46 points, or 1.16 percent, to 17,833.09, the S&P 500 lost 19.22 points, or 0.92 percent, to 2,075.93 and the Nasdaq Composite dropped 57.85 points, or 1.19 percent, to 4,805.29. (Reporting
  
  Read more

• Energy Future Holdings says investors will not fund Oncor deal

  28-04-2016 21:35
  WILMINGTON, Del., April 28 (Reuters) - Energy Futures
  Holdings Corp's plan to sell its Oncor power distribution
  business for about $19 billion to fund its exit from bankruptcy
  will not close as...
  
  Read more

• Carl Icahn says he sold entire Apple stake on China woes: CNBC

  28-04-2016 21:18 via news.yahoo.com
  
  Billionaire activist investor Carl Icahn said Thursday he had sold his entire stake in Apple Inc, citing the risk of China's influence on the stock. Icahn, in an interview with cable television network CNBC, also said he was "still very cautious" on the U.S. stock market and there would be a "day of reckoning" unless there was some sort of fiscal stimulus. Icahn had been a huge fan of Apple, repeatedly calling the investment a "no brainer." But Icahn, who owned 45.8 million Apple shares at the e
  
  Read more

• Russia to join global fight against tax evasion

  28-04-2016 21:06 via news.yahoo.com
  
  Moscow will join the global battle against tax evasion and other illicit activities by signing up to an international scheme to stamp out fiscal cheating, Russia's finance minister said Thursday. It follows in the wake of the "Panama papers" scandal which shined a light on the vast offshore holdings of individuals close to Russian President Vladimir Putin. Finance Minister Anton Siluanov said that Russia will sign the Organisation for Economic Co-operation and Development agreement on automatic
  
  Read more

• Exclusive - Europe utilities, private equity jostle for Eni's $3.4 billion retail unit

  28-04-2016 20:55 via news.yahoo.com
  
  By Pamela Barbaglia and Stephen Jewkes MILAN (Reuters) - Three major European utilities are lining up rival bids for a big chunk of Italian oil major Eni's retail gas and power business, sources said, in a deal that could be worth up to $3.4 billion (2.3 billion pounds) and reshape the Italian retail energy industry. French power giant EDF's Italian unit Edison, Spain's Gas Natural and Britain's Centrica have all expressed interest in the asset, which would offer access to 10 million customers,
  
  Read more

• LPC: Abbott’s $17.2 billion loan backing St. Jude acquisition set to boost M&A volume

  28-04-2016 20:48 via news.yahoo.com
  A US$17.2bn bridge loan that backs Abbott Laboratories’ US$25bn acquisition of medical device maker St. Jude Medical will boost investment grade loan volume that so far this year has been depressed by volatility in equities and global economic uncertainty. The Bank of America Merrill Lynch-led transaction will hike merger and acquisition-related volume of investment grade deals after issuance dropped to US$28.5bn in the first quarter from US$46.6bn in the fourth quarter of 2015 and US$71.6
  
  Read more

• Your Money: Cyber bullying delivers a punch to consumer wallets

  28-04-2016 20:41
  
  NEW YORK (Reuters) - Anyone who has had embarrassing photos posted on social media or been deluged with angry messages can attest to the high emotional cost of cyber bullying. But there is also a...
  
  Read more

• Two-thirds of Nigerian states struggling to pay salaries: president Buhari

  28-04-2016 20:05 via news.yahoo.com
  
  Nearly two-thirds of Nigeria's 36 states are struggling to pay civil servants' salaries despite receiving a government bailout, President Muhammadu Buhari's spokesman quoted him as saying on Thursday. Nigeria, Africa's top oil exporter and biggest economy, has been hit hard by the fall in crude prices. Several states around the country raised money on the domestic bond market and from banks to fund infrastructure projects at the peak of oil prices, but as crude prices have plunged many have foun
  
  Read more

• Croatia PM unveils 'difficult' reforms to boost economy

  28-04-2016 19:58 via news.yahoo.com
  
  Croatia's government unveiled Thursday a set of what Prime Minister Tihomir Oreskovic labelled "difficult" reforms aimed at curbing public debt to achieve lasting growth for the country's fragile economy. "Public debt is the key problem," stressed Oreskovic, whose conservative government took over in January. "We want to show our determination to undertake difficult reforms... that are necessary if we want to achieve sustainable growth," he told a cabinet session presenting the planned measures.
  
  Read more

• EU warns Greek deal delay will harm economy

  28-04-2016 19:57 via news.yahoo.com
  
  The warning by Pierre Moscovici, European Commissioner for economic affairs, came a day after Brussels rejected an appeal by Greek Prime Minister Alexis Tsipras for an emergency summit on the issue. "We should conclude this review as soon as possible," Moscovici told reporters in Brussels. Eurogroup chief Jeroen Dijsselbloem on Wednesday said the next meeting of eurozone finance ministers to discuss how to avoid a new Greek crisis could take place within the next two weeks.
  
  Read more

• Europe stocks steady, US dips after BoJ shock, weak US growth

  28-04-2016 19:55 via news.yahoo.com
  
  European shares held steady Thursday but US stocks dipped, taking a lead from Tokyo which fell heavily as the Bank of Japan shocked traders by deciding against fresh stimulus measures. The surprise move by the BoJ came a day after the US Federal Reserve provided a positive outlook on the global economy, highlighting mixed signals from the world's leading central banks. Weak US economic growth data for the first quarter released Thursday and bleak data in Spain, including bloating unemployment fi
  
  Read more

• US economic growth slows to just 0.5% in first quarter

  28-04-2016 19:52 via news.yahoo.com
  
  The economy grew at a slower-than-expected annual rate of just 0.5 percent in the quarter, the Commerce Department said Thursday. "The US economy went through a rough patch at the turn of the year, with GDP growth averaging less than 1.0 percent during the past two quarters," said Harm Bandholz of UniCredit Economics. The Commerce Department's first estimate of GDP, to be followed by two more, should also be taken with a grain of salt because of persistent problems in adjusting data for seasonal
  
  Read more

• Exclusive - Europe utilities, private equity jostle for Eni's $3.4 billion retail unit: sources

  28-04-2016 19:38 via news.yahoo.com
  
  By Pamela Barbaglia and Stephen Jewkes MILAN (Reuters) - Three major European utilities are lining up rival bids for a big chunk of Italian oil major Eni's retail gas and power business, sources said, in a deal that could be worth up to $3.4 billion (£2.3 billion0 and reshape the Italian retail energy industry. French power giant EDF's Italian unit Edison, Spain's Gas Natural and Britain's Centrica have all expressed interest in the asset, which would offer access to 10 million customers,
  
  Read more

• Fragile economy forces Iran's top leaders to form alliance

  28-04-2016 19:37 via news.yahoo.com
  
  By Parisa Hafezi ANKARA (Reuters) - President Hassan Rouhani and Supreme Leader Ayatollah Ali Khamenei may have sharply ideological differences but the fragility of Iran's economy has forced them into an uneasy alliance at least for the time being. In the past, the two powerful figures had offered contrasting visions for the Iranian economy with the conservative Khamenei calling for self-reliance and the pragmatist Rouhani urging cooperation with the world. "His failure in the economic field, wi
  
  Read more

• Mozambique boosts security in capital over demonstration fears

  28-04-2016 19:26 via news.yahoo.com
  Mozambican security forces deployed on the streets of the capital Maputo on Thursday after rumors of planned anti-government demonstrations circulated on social media, witnesses said. Several anonymous messages spread via SMS and Whatsapp said groups were planning to march on Friday against government corruption, in particular secret borrowing that could cripple the economy in one of the world's poorest countries. At the root of the public anger is as much as $1.35 billion in loans taken out in
  
  Read more

• Fiat Chrysler, Alphabet in technology partnership talks - WSJ

  28-04-2016 19:24 via news.yahoo.com
  
  REUTERS - Fiat Chrysler Automobiles NV is in late-stage talks with Alphabet Inc's self-driving car division for a technology partnership, the Wall Street Journal reported, citing a person familiar with the discussions. The talks have been ongoing for several months, the Journal reported, as Alphabet seeks industry partnerships, offering a deal to sell self-driving car technology. Alphabet and Fiat Chrysler declined to comment. ...
  
  Read more

• Abbott’s $17.2 billion loan backing St. Jude acquisition set to boost M&A volume

  28-04-2016 19:07 via news.yahoo.com
  A US$17.2bn bridge loan that backs Abbott Laboratories’ US$25bn acquisition of medical device maker St. Jude Medical will boost investment grade loan volume that so far this year has been depressed by volatility in equities and global economic uncertainty. The Bank of America Merrill Lynch-led transaction will hike merger and acquisition-related volume of investment grade deals after issuance dropped to US$28.5bn in the first quarter from US$46.6bn in the fourth quarter of 2015 and US$71.6
  
  Read more

• South Asia clothing industry can employ millions more women, boost growth: World Bank

  28-04-2016 19:03 via news.yahoo.com
  By Rina Chandran MUMBAI (Thomson Reuters Foundation) - South Asia's clothing and textiles industry can create millions of jobs for the region's working-age women, boosting economic growth and helping improve children's health and education, a World Bank report said. The industry is already the most female-intensive in much of the region, women making up 71 percent of its workforce in Sri Lanka, 35 percent in India and 34 percent in Bangladesh. In Pakistan, its share of women workers is second to
  
  Read more

• Wall Street recovers as Facebook, M&A cushion BOJ shock

  28-04-2016 19:00 via news.yahoo.com
  
  The Nasdaq rose on Tuesday as strong results from Facebook and a flurry of dealmaking helped offset the impact of the Bank of Japan's surprising decision to hold off from expanding monetary stimulus. The Dow, however, remained lower as IBM and Home Depot fell about 1 percent. Facebook jumped as much as 10.9 percent to a record of $120.79, a day after the company reported a 50 percent rise in revenue.
  
  Read more

• South Africa's rand races to firmest in a week, stocks inch up

  28-04-2016 18:57 via news.yahoo.com
  South Africa's rand resumed a recent rally on Thursday, racing to a one-week high as emerging currencies lapped up the return of risk appetite after a string of disappointing data releases from the United States. Government bonds were also firmer, with the benchmark paper due in 2026 cutting 4 basis points to 9.04 percent. The rand also found support from the latest bit of data showing some resilience in the domestic economy, with producer inflation slowing more than expected to 7.1 percent year
  
  Read more

• Amazon shares pop as company beats revenue, profit forecasts

  28-04-2016 18:56 via news.yahoo.com
  Shares of online retailer Amazon.com Inc. shot up in after-hours trading as the company blew past Wall Street expectations for first-quarter revenue and earnings. Amazon reported Thursday that it made a profit of $1.07 US per share, topped the average analyst forecast of 61 cents, according to Zacks Investment Research. The company reported revenue of $29.13 billion, ahead of the $27.94 average analyst forecast.
  
  Read more

• Carney sees 'very short term' slowdown in UK economy - Stockport Express

  28-04-2016 18:55 via news.yahoo.com
  
  Britain's economy appears to be slowing because of June's European Union membership referendum but this is likely a "very short term" slowdown, Bank of England Governor Mark Carney said in a newspaper interview published on Thursday. Carney said the economy was performing "pretty well" and that he expected wage growth to improve over time. "In the very short term the economy appears to be slowing, probably related to issues around the referendum," Carney told the Stockport Express, a newspaper b
  
  Read more

• Finnish parliament, pressured by weak economy, debates euro exit

  28-04-2016 18:44 via news.yahoo.com
  By Jussi Rosendahl HELSINKI (Reuters) - Finnish lawmakers on Thursday held a rare debate on whether the Nordic country should quit the euro after 53,000 people signed a petition to force the issue into parliament. The petition, although very unlikely to lead to Finland's exit of the 19-member currency bloc, highlights the growing level of frustration over the country's economic performance amid rising unemployment, weak outlook and government austerity. The initiative demands a referendum on eur
  
  Read more

• European shares mixed after Wall Street strength counteracts BOJ

  28-04-2016 18:40 via news.yahoo.com
  
  By Alistair Smout and Danilo Masoni LONDON/MILAN (Reuters) - European shares were mixed on Thursday, with initial weakness after the Bank of Japan unexpectedly held off from expanding monetary stimulus later counteracted by strength on Wall Street. The pan-European FTSEurofirst 300 index, which hit a three-month high last week, closed up 0.2 percent at 1373.23, rising off its lows after the Wall Street open. "European markets recovered from sharp early losses as strength in the basic resource se
  
  Read more

• Bank of Italy says draft law could cut credit recovery process to 7-8 months - source

  28-04-2016 18:32
  ROME, April 28 (Reuters) - The Bank of Italy has calculated
  that a draft law allowing creditors to recover bad debts without
  involving the court system could drastically reduce the length
  of time the...
  
  Read more

Follow @FinanceUSA_News on Twitter!