Finance news

• Amazon to launch new private-labels in coming weeks: WSJ

  15-05-2016 23:59 via news.yahoo.com
  
  (Reuters) - Amazon.com Inc will launch new lines of its private-label brands in the coming weeks, the Wall Street Journal reported, citing people familiar with the matter. The new brands with names like Happy Belly, Wickedly Prime and Mama Bear will include nuts, spices, tea, coffee, baby food and vitamins, as well as household items such as diapers and laundry detergents, the newspaper reported. (http://on.wsj. ...
  
  Read more

• Surging economy favors Medina in Dominican election despite graft claims

  15-05-2016 20:05 via news.yahoo.com
  
  By Jorge Pineda SANTO DOMINGO (Reuters) - Dominican Republic President Danilo Medina was poised to win the first round of a presidential election on Sunday, with polls showing voters crediting him with economic growth and social projects, while less concerned about accusations of graft. Voters lined up outside polling stations in schools before they opened at 6 a.m. AST (1000 GMT) and by mid-morning 15 percent of eligible voters in the Caribbean's largest economy had cast their ballots. A Gallup
  
  Read more

• Nigerians brace for more fuel queues

  15-05-2016 18:12 via news.yahoo.com
  By Libby George and Chijioke Ohuocha LONDON/LAGOS (Reuters) - The growing fleet of tankers stuck off Nigeria unable to unload their cargoes of diesel and petrol is an even-present reminder for President Muhammadu Buhari that another fuel crisis is looming on the horizon. At least 75 ships with two and a half million tonnes of fuel are waiting for importers in Africa's biggest economy to find the dollars they need to pay for the cargoes, according to ship tracking data and fuel traders. Some of t
  
  Read more

• North Korea frees Russian yacht, crew detained 'by mistake': Russian media

  15-05-2016 11:01 via news.yahoo.com
  North Korean authorities allowed a Russian yacht to continue its journey two days after detaining it and its five crew in coastal waters, Russian media reported on Sunday. The yacht was en route from the South Korean port of Pusan to Vladivostok in Russia's Far East on Friday when it was seized 80 miles (130 km) off the coast of North Korea's economic zone. News agency RIA on Sunday cited Russia's consul general in Chongjin as saying North Korea had detained the yacht "by mistake".
  
  Read more

• Advertisement

• MIDEAST STOCKS-Gulf mixed; Dubai builders down after earnings

  15-05-2016 09:36 via news.yahoo.com
  DUBAI, May 15 (Reuters) - Gulf stock markets were mixed in early trade on Sunday with two Dubai construction firms dropping after reporting first-quarter earnings. Dubai's index fell 0.5 percent as Arabtec sank 2.0 percent after its first-quarter net loss narrowed to 46.4 million dirhams ($12.6 million) from 279.8 million dirhams a year earlier. Analysts polled by Reuters had on average forecast a loss of 123.6 million dirhams. Drake & Scull slid 2.7 percent after reporting a 61 percent fall
  
  Read more

• India eases red tape but foreign firms still struggle

  15-05-2016 07:37 via news.yahoo.com
  
  Narendra Modi was elected two years ago this week promising to ease India's notorious red tape and unpack regulatory tangles, but for foreign firms, doing business in the world's fastest-growing large economy can still be a costly headache. With a billion consumers and rising middle class, India holds dazzling potential -- yet despite signs of change on the ground, high-profile corporate tussles continue to bamboozle investors. British firms Cairn Energy and Vodafone have this year been hit with
  
  Read more

• Maduro threatens to seize idle Venezuela plants, jail owners

  15-05-2016 07:04 via news.yahoo.com
  
  CARACAS, Venezuela (AP) — President Nicolas Maduro threatened Saturday to take over idle factories and jail their owners following a decree granting him expanded powers to act in the face of a deep economic crisis.
  
  Read more

• Medina favored in Dominican election; economy beats graft claims

  15-05-2016 06:07 via news.yahoo.com
  
  By Jorge Pineda SANTA DOMINGO (Reuters) - Dominican Republic President Danilo Medina is poised to win the first round of a presidential election on Sunday, with polls showing voters crediting him with economic growth and social projects, while less concerned about accusations of graft. It was unclear whether Medina would get the more than 51 percent of the votes needed to win a new term governing the Caribbean's largest economy, or if he will face a run-off election next month. When a sustainabl
  
  Read more

• Advertisement

• China asks Britain for advice on creating financial super-regulator

  15-05-2016 02:35 via news.yahoo.com
  
  By Michelle Price and Benjamin Kang Lim HONG KONG/BEIJING (Reuters) - China has asked Britain for advice on plans to create a financial super-regulator, as it looks to improve financial oversight following last year's stock market crash, sources with knowledge of the talks told Reuters. The discussions between representatives from China and the UK Foreign Office and Treasury highlight Britain's burgeoning relationship with Beijing on financial issues, notwithstanding this week's gaffe by Queen E
  
  Read more

• Trade set to resume at main Tunisia-Libya crossing

  15-05-2016 02:18 via news.yahoo.com
  
  Cross-border trade between Tunisia and Libya will resume on Monday after the two countries reached a deal to lift a trade blockade at the main frontier crossing following angry street protests. The breakthrough came after an agreement was reached late Friday on customs duties for goods passing through Ras Jedir, local governor Tahar Matmati said. The closure sparked demonstrations on the Tunisian side and a strike on Wednesday in the impoverished town of Ben Guerdane, where the economy is heavil
  
  Read more

Follow @FinanceUSA_News on Twitter!