Finance news

• Williams tells Energy Transfer it would consider new offer: sources

  27-05-2016 23:52
  
  (Reuters) - Williams Cos Inchas informed Energy Transfer Equity (ETE) LPthat it is open to considering a new offer that would amend terms of its $20 billion sale to its larger U.S pipeline peer...
  
  Read more

• How four words rewrote Bayer-Monsanto deal script

  27-05-2016 23:48
  
  Monsanto CoPresident Brett Begemann uttered those words last week to a small group of investors and a Reuters reporter when asked how the world's largest seed company he helps lead might fit with...
  
  Read more

• Putin in Greek trip as EU sanctions talks loom

  27-05-2016 23:45 via news.yahoo.com
  
  Russian President Vladimir Putin signed several economic deals with Athens on Friday during a visit to Greece aimed at reinforcing a relationship with one of his few friends in the EU amid tensions with the West. The visit, Putin's first to the EU since December, comes at a low ebb in relations between Russia and Europe over the conflict in Ukraine that broke out in 2014, with sanctions still in force against Moscow. It also comes as Athens desperately seeks to come out of recession.
  
  Read more

• Hedge funds' bullish oil bets hit June highs as crude neared $50

  27-05-2016 23:24
  
  (Reuters) - Hedge funds and other money managers raised their bullish bets on U.S. crude oil for a second week in a row to the highest in nearly a year as oil prices headed toward $50 a barrel, trade...
  
  Read more

• Advertisement

• US economy showing signs of life after slow start to year

  27-05-2016 23:19 via news.yahoo.com
  
  WASHINGTON (AP) — The U.S. economy is showing signs of more life after a less-than-stellar start to the year.
  
  Read more

• BRIEF-Moody's issues statement on New Jersey governor signing bills

  27-05-2016 23:10
  
  * Moody's issues statement regarding New Jersey governor
  Christie signing two bills to help Atlantic city
  
  Read more

• Stocks rise to wrap up a strong week as banks move higher

  27-05-2016 22:51 via news.yahoo.com
  
  NEW YORK (AP) — Stocks rose Friday to wrap up their strongest week in almost three months. Banks gained ground after Federal Reserve Chair Janet Yellen said the central bank intends to keep raising interest rates provided the economy continues to improve.
  
  Read more

• Financial and energy shares help push TSX higher

  27-05-2016 22:43 via news.yahoo.com
  
  TORONTO (Reuters) - Canada's main stock index climbed on Friday, helped by strength in the financial services sector and energy companies, with investors focusing on monetary policy commentary from U.S. central bank chief Janet Yellen. Yellen said in a speech that the Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, boosting the case for a rate increase in June or July. ...
  
  Read more

• Advertisement

• Wall Street puts finishing touch on best week since March

  27-05-2016 22:32 via news.yahoo.com
  
  Wall Street rose on Friday and capped off its strongest week since March after U.S. Federal Reserve Chair Janet Yellen said an interest-rate hike would likely be appropriate "in the coming months." Yellen's is the most important voice in a chorus of policymakers recently suggesting that the U.S. economy has improved enough to warrant tighter borrowing costs, with a growing number of investors now expecting a hike in June or July. "As we look at our place in the global economy, things just seem t
  
  Read more

• UPDATE 1-N.J. Governor Christie signs Atlantic City rescue package into law

  27-05-2016 22:29
  
  May 27 (Reuters) - New Jersey Governor Chris Christie on
  Friday signed into law a package of legislation that provides
  distressed gambling hub Atlantic City with immediate cash help
  but also a...
  
  Read more

• INSIGHT-NBA's Thunder targeted by deceased McClendon's creditors

  27-05-2016 22:24
  
  NEW YORK, May 27 (Reuters) - This weekend, the Oklahoma City Thunder stands one game away from clinching a surprising spot in the NBA finals.
  
  Read more

• Janet Yellen says Fed could raise rates in coming months

  27-05-2016 22:21 via news.yahoo.com
  
  CAMBRIDGE, Mass. (AP) — Federal Reserve Chair Janet Yellen said Friday that an interest rate hike would be appropriate in the coming months if the economy keeps improving.
  
  Read more

• N.J. Gov. Christie signs Atlantic City rescue package into law

  27-05-2016 22:08
  
  May 27 (Reuters) - New Jersey Governor Chris Christie on
  Friday signed into law a package of legislation that provides
  distressed gambling hub Atlantic City with immediate cash help
  but also a...
  
  Read more

• Yellen says Fed rate hike likely appropriate in coming months

  27-05-2016 21:51 via news.yahoo.com
  
  The Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July. "It's appropriate ... for the Fed to gradually and cautiously increase our overnight interest rate over time, and probably in the coming months such a move would be appropriate," Yellen said during an appearance at Harvard University. Although Yell
  
  Read more

• Wall Street rises; sees bright side of higher rates

  27-05-2016 21:11 via news.yahoo.com
  
  "As we look at our place in the global economy, things just seem to be improving to a point where it certainly looks likely that June or July will be the next launching point," said Paul Springmeyer, portfolio manager at the Private Client Reserve of U.S. Bank. After Yellen's speech, traders raised their expectations of a June rate hike to 34 percent from 30 percent, according to CME Group.
  
  Read more

• Argentine president proposes amnesty for tax dodgers

  27-05-2016 20:49 via news.yahoo.com
  
  Argentine President Mauricio Macri, who has been swept up in the Panama Papers controversy over offshore assets, announced plans Friday to grant amnesty to those who repatriate undeclared funds from overseas. The conservative president, who has launched sweeping pro-business reforms since taking office in December, said the country needed Argentines to invest at home to boost the sputtering economy. "Argentines have billions of pesos overseas because they didn't trust in the state.
  
  Read more

• Yellen remark 'doesn't suggest' June hike - DoubleLine's Gundlach

  27-05-2016 20:28 via news.yahoo.com
  (Reuters) - Jeffrey Gundlach, the CEO of DoubleLine Capital, said Friday that Federal Reserve chair Janet Yellen's remarks that a rate hike would be appropriate in coming months "doesn't suggest" a hike in June. Wall Street trimmed gains in early afternoon trading on Friday after Yellen said it would likely be appropriate to raise rates "in the coming months." But Gundlach said he still believes Yellen was more dovish in her comments Friday than her Fed colleagues.
  
  Read more

• Wall St trims gains after Yellen remarks

  27-05-2016 20:06 via news.yahoo.com
  
  Wall Street trimmed gains in early afternoon trading on Friday after Federal Reserve Chair Janet Yellen said it would likely be appropriate to raise rates "in the coming months." Investors are looking for clues on the timing of the next rate hike from Yellen's speech, which comes after comments from several policymakers earlier this week that the U.S. economy has the capacity to absorb a rate hike. "The economy is continuing to improve ... growth looks to be picking up," Yellen said in remarks i
  
  Read more

• Wall Street trims gains after Yellen remarks

  27-05-2016 19:56 via news.yahoo.com
  
  Investors are looking for clues on the timing of the next rate hike from Yellen's speech, which comes after comments from several policymakers earlier this week that the U.S. economy has the capacity to absorb a rate hike. "The economy is continuing to improve ... growth looks to be picking up," Yellen said in remarks in Boston. After Yellen's speech, traders raised their expectations of a June rate hike to 34 percent from 30 percent, according to CME Group.
  
  Read more

• MPs say both sides of Brexit debate make bogus claims

  27-05-2016 19:36 via news.yahoo.com
  
  By Huw Jones LONDON (Reuters) - Both sides in campaigning for Britain's European Union referendum should call an "amnesty" after making a string of misleading and bogus claims, a group of MPs said on Friday. Parliament's Treasury Committee also said the balance of evidence from its hearings on Britain's EU membership showed there would probably be a short-term economic cost from Brexit, echoing the views of most economists and the Bank of England. "The arms race of ever-more-lurid claims and cou
  
  Read more

• UPDATE 1-IMF OKs new 2-year $88 bln flexible credit line for Mexico

  27-05-2016 19:01
  
  MEXICO CITY, May 27 (Reuters) - The International Monetary
  Fund on Friday boosted its flexible credit line with Mexico to
  $88 billion in a bid to support Latin America's No. 2 economy,
  whose currency...
  
  Read more

• Konecranes-Terex deal to proceed as China's Zoomlion drops rival bid

  27-05-2016 18:46
  
  HONG KONG/HELSINKI (Reuters) - China's Zoomlion Heavy Industry Science and Technology Co Ltdhas abandoned its $3.4 billion bid for U.S. crane maker Terex Corp , clearing the way for a smaller deal...
  
  Read more

• U.S. economic growth revised higher in first quarter

  27-05-2016 18:40 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth slowed in the first quarter although not as sharply as initially thought, as a surge in home building and steady inventory accumulation partially offset the drag from a steep decline in business investment.
  
  Read more

• Britain's FTSE posts biggest weekly gain since mid-April

  27-05-2016 18:31
  
  LONDON, May 27 (Reuters) - Britain's FTSE 100 ended slightly
  firmer on Friday, led higher by Royal Mail, with the
  blue-chip index posting its biggest weekly gain for six weeks.
  
  Read more

• Global stocks cautious ahead of US Fed chief speech

  27-05-2016 18:29 via news.yahoo.com
  
  World stock markets steadied Friday as traders treaded cautiously ahead of a speech by US central bank chief Janet Yellen that could shed more light on a coming rate hike. A modest upgrade to the estimate for US economic growth at the start of the year helped send US shares marginally higher ahead of a long holiday weekend. Shares in London's FTSE, Paris' CAC and the DAX in Frankfurt all edged marginally higher.
  
  Read more

• BRIEF-Toyota Motor will issue 10 and 20-yr bonds with lowest interest rates ever seen in Japan's private sector - Nikkei

  27-05-2016 18:27
  
  * Toyota Motor Corp's terms set Friday put the coupons on
  the 10 and 20-year bonds with lowest interest rates ever seen in
  Japan's private sector - Nikkei
  
  Read more

• Hedge fund Tourbillon urges SunOpta to sell itself

  27-05-2016 18:23
  
  (Reuters) - Hedge fund firm Tourbillon Capital Partners LP has sent a letter to SunOpta Inc , urging that the Canadian food company be sold to increase shareholder value, according to a regulatory...
  
  Read more

• Thermo Fisher to buy microscope maker FEI Co for about $4.2 billion

  27-05-2016 18:18
  
  (Reuters) - Thermo Fisher Scientific Inc , the world's largest maker of scientific instruments, said on Friday it would buy FEI Cofor about $4.2 billion to gain access to the company's electron...
  
  Read more

• Lagarde remote control makes Europeans doubt IMF role in Greek deal

  27-05-2016 18:18
  
  * Greek deal finally struck after late-night call to IMF
  chief
  
  Read more

• BRIEF-Fitch downgrades GSK to 'A' with stable outlook

  27-05-2016 18:16
  
  * Downgrade reflects fitch's view of a weakening business
  risk profile for GlaxoSmithKline PLC
  
  Read more

• Centerra's Kumtor says permit delay may disrupt operations

  27-05-2016 18:14
  
  BISHKEK, May 27 (Reuters) - Kumtor Operating Company, part
  of Canada's Centerra Gold, will be forced to halt
  operations at the Kumtor gold mine unless it receives
  environmental permits to continue...
  
  Read more

• Monsanto boss could net $70 million from a Bayer takeover

  27-05-2016 18:10
  
  LONDON (Reuters) - Monsanto boss Hugh Grant could land more than $70 million if the world's largest seed company is taken over by German chemicals giant Bayer AG .
  
  Read more

• Consumer, health stocks lift Wall St ahead of Yellen

  27-05-2016 18:06 via news.yahoo.com
  
  Wall Street was higher in late morning trading on Friday, with the S&P 500 on track for its largest weekly gain since March, helped by gains in consumer discretionary and health stocks and ahead of a speech by Federal Reserve Chair Janet Yellen. Investors are looking for clues on the timing of the next rate hike from Yellen's speech, which comes after comments from several policymakers earlier this week that the U.S. economy has the capacity to absorb a rate hike. Yellen is due to speak at a
  
  Read more

• BRIEF-Galantas announces Over-Subscribed private placement

  27-05-2016 18:05
  
  * Says a maximum of 18.6 million shares are expected to be
  issued, at a price of CDN$0.07875 per shareSource text for Eikon:Further company coverage:
  (Bengaluru Newsroom; +1 646 223 8780)
  
  Read more

• UPDATE 1-Greek two-year yields post biggest monthly decline since August

  27-05-2016 17:52
  
  LONDON, May 27 (Reuters) - Short-dated Greek yields touched
  six-month lows on Friday, having enjoyed their biggest monthly
  fall since August after a crucial bailout deal and on hopes
  Greek debt will...
  
  Read more

• Consumer, health stocks lift Wall Street ahead of Yellen

  27-05-2016 17:46 via news.yahoo.com
  
  Investors are looking for clues on the timing of the next rate hike from Yellen's speech, which comes after comments from several policymakers earlier this week that the U.S. economy has the capacity to absorb a rate hike. Yellen is due to speak at an event hosted by Harvard University at 1:15 p.m. ET (1715 GMT).
  
  Read more

• UK lawmakers say both sides of Brexit debate make bogus claims

  27-05-2016 17:42 via news.yahoo.com
  
  By Huw Jones LONDON (Reuters) - Both sides in campaigning for Britain's European Union referendum should call an "amnesty" after making a string of misleading and bogus claims, a group of lawmakers said on Friday. Parliament's Treasury Committee also said the balance of evidence from its hearings on Britain's EU membership showed there would probably be a short-term economic cost from Brexit, echoing the views of most economists and the Bank of England. "The arms race of ever-more-lurid claims a
  
  Read more

• U.S. economy seen growing 2.2 percent in second quarter: N.Y. Fed

  27-05-2016 17:33 via news.yahoo.com
  NEW YORK (Reuters) - U.S. economy is on track to grow by a 2.2 percent annualized rate in the second quarter following the latest data on durable goods orders and new single-family home sales, New York Federal Reserve's forecast model showed on Friday. The latest GDP estimate was faster than the 1.7 percent pace calculated a week earlier, the regional Fed said on its website. (Reporting by Richard Leong; Editing by Chizu Nomiyama)
  
  Read more

• BRIEF-Fitch rates Milwaukee, WI GOs 'AA' outlook stable

  27-05-2016 17:29
  
  * Expects city's two largest sources of revenue, state aid, property
  taxes,to remain stagnant,grow slightly below level of inflation
  
  Read more

• LATAM CLOSE-No deals price in LatAm primary

  27-05-2016 17:19
  
  * Mexico's ICA reports US$79m loss* Homebuilder gets US$48m to re-start* EM corporate leverage at new high: BAML* Brazil may come back to market this year By Mike Gambale and Paul...
  
  Read more

• US consumer sentiment up in May to highest in nearly a year

  27-05-2016 17:14 via news.yahoo.com
  
  WASHINGTON (AP) — Americans turned more optimistic about the economy in May than the previous month, buoyed by steady hiring and higher incomes.
  
  Read more

• UPDATE 3-Automakers recall 12 million U.S. vehicles over Takata air bags

  27-05-2016 17:07
  
  WASHINGTON, May 27 (Reuters) - Eight automakers said on
  Friday they are recalling more than 12 million U.S. vehicles for
  defective Takata air bag inflators, widening the largest-ever
  auto safety...
  
  Read more

• UK competition watchdog investigates Sainsbury-Home Retail deal

  27-05-2016 17:06
  
  (Reuters) - Britain's competition watchdog said it was launching an inquiry into supermarket chain J Sainsbury Plc's1.4 billion pound ($2 billion) takeover of Home Retail Plc .
  
  Read more

• GLOBAL MARKETS-Dollar rises, stocks firm ahead of Yellen

  27-05-2016 17:02
  
  * Global stocks edge higher(Updates with U.S. market openings, changes dateline, previous
  LONDON)
  
  Read more

• BRIEF-Seaspan announces additional partial redemption of series C preferred shares

  27-05-2016 17:01
  
  * Seaspan announces additional partial redemption of series
  c preferred shares
  
  Read more

• EMERGING MARKETS-Latam currencies slip ahead of Yellen speech

  27-05-2016 17:00
  
  By Bruno FederowskiSAO PAULO, May 27 (Reuters) - Most Latin American currencies
  slipped on Friday as traders awaited possible hints about the
  timing of a U.S. interest rate increase from Federal...
  
  Read more

• No change to gilt future trading times after Brexit vote - ICE

  27-05-2016 16:59
  
  LONDON, May 27 (Reuters) - The main exchange for trading in
  UK government bond futures said on Friday it will not open early
  on the morning after Britain's vote on European Union
  membership.
  
  Read more

• Yellen may help pave way for higher rates on Friday

  27-05-2016 16:51 via news.yahoo.com
  
  Federal Reserve Chair Janet Yellen has struck a largely cautious tone since engineering the U.S. central bank's rate hike last December, saying she was not convinced inflation had taken firm enough hold to justify a second move and that she was worried a weak global economy put the United States at some risk. With many of her colleagues shifting gears in recent days and pointing squarely at a rate hike in June or July, Yellen on Friday afternoon has a chance to further prepare markets and the pu
  
  Read more

• US high-grade logs biggest month ever

  27-05-2016 16:42
  
  NEW YORK, May 27 (IFR) - The US high-grade market logged its
  biggest month ever in May, topping US$160bn as borrowers locked
  up financing ahead of any possible rates hike coming this summer
  from the...
  
  Read more

• BRIEF-Savaria Corp announces increase to bought deal financing

  27-05-2016 16:34
  
  * Underwriters have agreed to purchase 2,260,870 common
  shares from treasury of company at a price of $7.80 per shareSource text for Eikon:Further company coverage:
  
  Read more

Follow @FinanceUSA_News on Twitter!