Finance news

• Wall Street ends flat as banks gain, Apple drags

  19-09-2016 22:32 via news.yahoo.com
  
  A see-saw session on Wall Street on Monday ended little changed, with gains in big bank stocks offsetting a drag from Apple, as investors braced for the Federal Reserve meeting later this week. The Fed is expected to leave interest rates unchanged at the two-day meeting, but investors will assess Chair Janet Yellen's speech on Wednesday to see if the central bank plans to hike as soon as December. It’s been driven by the threat of higher interest rates," said Jake Dollarhide, chief executi
  
  Read more

• Oil up but off highs on output freeze talk, gasoline tumbles

  19-09-2016 22:19 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil rallied on Monday before settling off its highs on scepticism over Venezuela's bid to talk up a potential OPEC output freeze and on indications U.S. crude stockpiles had risen last week. Clashes in Libya that foiled a restart of crude exports from key ports, along with higher equity prices on Wall Street and a weaker dollar, helped oil end higher. Brent crude futures settled up 18 cents, or 0.4 percent, at $45.95 a barrel.
  
  Read more

• Canada-EU trade deal bad for jobs, economy: study

  19-09-2016 22:09 via news.yahoo.com
  
  Less economic growth, job losses, lower wages and tax revenues -- that's what a Canada-EU free trade on the verge of being ratified will bring, according to a new study. While recognizing that "clarifications are needed to allay (some) concerns," they renewed a commitment to sign the pact, scheduled in October, and implement it in early 2017.
  
  Read more

• Wall Street ends flat as banks gain, Apple weighs

  19-09-2016 22:05 via news.yahoo.com
  
  NEW YORK (Reuters) - A see-saw session on Wall Street on Monday ended little changed, with gains in big bank stocks offsetting a drag from Apple, as investors braced for the Federal Reserve meeting later this week.
  
  Read more

• Advertisement

• Wall Street lifted by banks as Fed meeting nears

  19-09-2016 21:03 via news.yahoo.com
  
  Wall Street edged higher on Monday, with gains in big bank stocks offsetting a drag from Apple shares, as investors braced for the outcome of the Federal Reserve meeting later this week. The Fed is expected to leave interest rates unchanged at the two-day meeting, but investors will assess Chair Janet Yellen's speech on Wednesday to see if the central bank plans to hike as soon as December. After trading higher during the morning, the benchmark S&P 500 pulled back and slid briefly into negat
  
  Read more

• Oil rebounds on producer deal speculation; gasoline falls

  19-09-2016 20:11 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices rose 1 percent on Monday after Venezuela hinted that OPEC members and other major oil producers could agree to a deal to freeze output, and as clashes in Libya disrupted attempts to restart crude exports from key ports. Oil was also supported by higher equity prices on Wall Street and a weaker dollar that made greenback-denominated commodities, such as crude, more affordable to holders of the euro and other currencies. Brent crude futures were u
  
  Read more

• S&P, Dow lifted by financials; Fed in focus

  19-09-2016 19:27 via news.yahoo.com
  
  The S&P 500 and the Dow rose on Monday afternoon, lifted by financial stocks, a day before the Federal Reserve holds a meeting to discuss interest rates. The Fed is expected to leave rates unchanged at the two-day meeting, but investors will assess Chair Janet Yellen's speech on Wednesday for clues on the timing of the next rate hike. "There is an overriding sense that the Fed is going to move in December," said Robert Pavlik, chief market strategist at Boston Private Wealth.
  
  Read more

• Germany's Gabriel gets green light to support EU-Canada trade deal

  19-09-2016 19:19 via news.yahoo.com
  
  By Holger Hansen and Caroline Copley WOLFSBURG, Germany (Reuters) - Germany appeared set on Monday to back an ambitious trade accord between the European Union and Canada after the leader of the Social Democrats (SPD), junior partner in the ruling coalition, overcame left-wing resistance to the deal within his party. The SPD decision paves the way for EU member states to approve the Comprehensive Economic Trade Agreement (CETA) next month before Brussels signs the accord with Ottawa on Oct. 27.
  
  Read more

• Advertisement

• Will Our Rotten Politicians Kill This Bull Market?

  19-09-2016 19:03 via news.yahoo.com
  
  The breathless coverage of Hillary Clinton's non-contagious pneumonia and Donald Trump's birther disavowal shows just how politically divided our nation is. As the presidential polls tighten up, and with both Trump and Clinton posting poor favorability and trustworthiness ratings, it's clear that partisan bickering isn't going anywhere. The problem is, as a new Harvard study found, our paralyzed, divided political system is the biggest peril to our economy — and that could hurt the stock m
  
  Read more

• Britain's banks face losing EU access after Brexit: Bundesbank chief

  19-09-2016 18:52 via news.yahoo.com
  
  Banks based in Britain will lose access to EU markets after Brexit unless the country remains in the broader European trading group that includes nations such as Norway, the head of Germany's Bundesbank warned on Monday. Jens Weidmann, signaling a tough line from Germany on the Brexit divorce talks to come, said Britain would need to be in the European Economic Area (EEA) to keep the so-called passporting rights that allow its banks sell their services across the European Union. The EEA is the t
  
  Read more

• Stocks rally ahead of US, Japan central bank talks

  19-09-2016 18:19 via news.yahoo.com
  
  Global stock markets rallied Monday, buoyed by a boost in oil prices, as traders looked to upcoming US and Japanese central bankers' talks for hints of future action. Conflicting comments from top US Federal Reserve officials over the need for an interest rate hike have fuelled the uncertainty. "We've heard from several Fed presidents over the past few weeks, and the tide toward hawkishness does appear to be turning," Mark Vickery, of Zacks Investment Research, said in an analysts' note.
  
  Read more

• Oil up 2 percent on producer deal speculation; gasoline dips

  19-09-2016 18:17 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices rose about 2 percent on Monday after Venezuela hinted that OPEC and other major oil producers could agree to a market support deal and as clashes in Libya disrupted attempts to boost crude exports. U.S. gasoline futures fell slightly on profit-taking from last week's rally on the outage of a key gasoline pipeline due to a leak.. Oil was also supported by higher equity prices on Wall Street and a weaker dollar that made greenback-denominated comm
  
  Read more

• Oil up 2 pct on producer deal speculation; gasoline dips

  19-09-2016 18:14 via news.yahoo.com
  
  Oil prices rose about 2 percent on Monday after Venezuela hinted that OPEC and other major oil producers could agree to a market support deal and as clashes in Libya disrupted attempts to boost crude exports. Oil was also supported by higher equity prices on Wall Street and a weaker dollar that made greenback-denominated commodities, such as crude, more affordable to holders of the euro and other currencies. Last week, Brent hit a two-week low and WTI fell to a five-week low on concerns about ov
  
  Read more

• Wall Street rises on gains in financial, energy stocks

  19-09-2016 17:37 via news.yahoo.com
  
  Wall Street was higher on Monday, lifted by financial and energy stocks, a day before the Federal Reserve meets to discuss interest rates. The central bank is expected to leave rates unchanged at the two-day meeting, but investors will assess Fed Chair Janet Yellen's speech on Wednesday for clues on the timing of the next rate hike. "The weakness seen last week (in financials) is attracting attention today," said Robert Pavlik, chief market strategist at Boston Private Wealth.
  
  Read more

• Bags and bling, tourists seek bargains in Brexit Britain

  19-09-2016 17:32 via news.yahoo.com
  
  By Laura Gardner Cuesta LONDON (Reuters) - The sharp fall in sterling since Britain voted to leave the European Union has encouraged tourists to go on a spending spree, providing a little relief for the economy as it faces an overall sharp slowdown. Foreign visitors have helped boost high street sales since the referendum on June 23, Britain's official statisticians say. London's West End shopping district has also reported increased spending by non-resident shoppers whose dollars, euros and oth
  
  Read more

• Bank of Ghana holds rates; cuts signalled with inflation view

  19-09-2016 16:11 via news.yahoo.com
  
  By Kwasi Kpodo ACCRA (Reuters) - Ghana's inflation will fall faster towards government targets than expected, the head of the central bank said on Monday, raising prospects of a cycle of interest rate cuts as it held benchmark borrowing costs at 26.0 percent. Inflation much higher than in comparable African economies has dogged Ghana for years, a symptom of a broader economic crisis that emerged in 2013 with falling commodity prices, forcing the government to seek financing from the Internationa
  
  Read more

• BRIEF-Onex Credit Partners prices collateralized loan obligation for about $560 million

  19-09-2016 16:07
  
  * Priced its 12(th) collateralized loan obligation for
  approximately $560 million
  
  Read more

• BRIEF-Bank of Canada to auction C$3 bln of 15-day T-bills on Sept. 21

  19-09-2016 16:07
  
  Sept 19 (Reuters) - Bank of Canada to auction C$3 billion of
  15 day T-bills on Sept. 21.
  
  Read more

• GM, Canada union resume talks as midnight strike deadline looms

  19-09-2016 16:06
  
  TORONTO, Sept 19 (Reuters) - Unifor, Canada's autoworkers
  union, and General Motors Co resumed talks early on
  Monday ahead of a midnight strike deadline, having made little
  progress over the weekend...
  
  Read more

• CANADA FX DEBT-C$ strengthens as oil rebounds, stocks climb

  19-09-2016 16:06
  
  * Canadian dollar at C$1.3165, or 75.96 U.S. cents* Bond prices mixed across the yield curve TORONTO, Sept 19 (Reuters) - The Canadian dollar on Monday
  bounced back from a seven-week low in...
  
  Read more

• BRIEF-Metallic Minerals Corp. appoints Greg Johnson as CEO and Chairman

  19-09-2016 16:06
  
  * Metallic Minerals Corp. appoints Greg Johnson as CEO and
  ChairmanSource text for Eikon:Further company coverage:
  
  Read more

• BRIEF-Empire Life appoints Ron Friesen as chief financial officer

  19-09-2016 16:06
  
  * Empire Life appoints Ron Friesen as chief financial
  officer
  
  Read more

• Wall Street rises as oil prices recover

  19-09-2016 15:59 via news.yahoo.com
  
  U.S. stocks were higher on Monday as oil prices bounced back from multi-week lows and investors expected the Federal Reserve to leave interest rates unchanged at its meeting this week. Oil prices rose about 1 percent after Venezuela said OPEC and non-OPEC producers were close to a deal to stabilize an oversupplied market. The Fed's two-day meeting starts on Tuesday in which policymakers will debate over the U.S. economy and its ability to absorb a rate hike.
  
  Read more

• UPDATE 2-SunEdison's yieldcos exploring strategic options, including sale

  19-09-2016 15:59
  
  * TerraForm Global up 7.4 pct(Adds background and share move)
  
  Read more

• US STOCKS-Wall St rises as oil prices recover

  19-09-2016 15:58
  
  * Indexes up: Dow 0.50 pct, S&P 0.45 pct, Nasdaq 0.43 pct(Updates to open)
  
  Read more

• MOVES-AXA names five new members to AXA IM Chorus investment team

  19-09-2016 15:56
  
  Sept 19 (Reuters) - Multi-asset investor AXA Investment
  Managers appointed five new members to AXA IM Chorus, its new
  investment team focused on liquid absolute return strategies.
  
  Read more

• German central bank chief warns City of London on 'hard Brexit'

  19-09-2016 15:49 via news.yahoo.com
  
  British banks risk losing their automatic right to trade in EU states as the country leaves the European Union, Germany's central bank chief said in an interview out Monday. Jens Weidmann suggested that if Britain left the European Economic Area (EEA) -- a group of 31 European Union and other European states which allows them to be part of the single market -- it could mean financial services companies moving elsewhere. In banking, "passporting rights are tied to the single market and would auto
  
  Read more

• TREASURIES-U.S. yields slip as profits booked before central bank meetings

  19-09-2016 15:47
  
  (Updates prices, adds details on Bank of Japan)* U.S. 5-to-30-yr yield curve retreats from steepest since
  June* BOJ seen more likely to make surprise policy move than Fed* Japanese...
  
  Read more

• Nigerian finance minister urges interest rate cut to help economy

  19-09-2016 15:42 via news.yahoo.com
  
  By Chijioke Ohuocha and Alexis Akwagyiram LAGOS (Reuters) - Nigeria's central bank should lower interest rates so that the government can borrow domestically to boost the economy, which is stuck in recession, without increasing its debt-servicing costs, the country's finance minister said on Monday. The government also planned an "immediate large injection of funds" though asset sales, advance payments for license renewals and infrastructure concessions, its budget minister said. Finance Ministe
  
  Read more

• Life Healthcare to spend up to $1 bln on European acquisition

  19-09-2016 15:20 via news.yahoo.com
  
  By TJ Strydom JOHANNESBURG (Reuters) - Life Healthcare Group is ready to pay up to $1 billion on a European acquisition, its chief executive told Reuters, as South Africa's second-biggest private hospital company chases growth outside its home market. Stiff competition and flagging economic growth have pushed South African private hospital groups to broaden their horizons by expanding in Europe, the Middle East and India. Domestic prospects are also clouded by a broad market inquiry by South Afr
  
  Read more

• BRIEF-Neogen's Accupoint Advanced receives AOAC approval

  19-09-2016 15:04
  
  * Received approval from AOAC research institute for its
  accupoint advanced ATP sanitation monitoring systemSource text for Eikon:Further company coverage:
  
  Read more

• U.S. FDA approves Bayer contraceptive device Kyleena

  19-09-2016 15:02
  
  Sept 19 (Reuters) - The U.S. Food and Drug Administration
  approved Bayer AG's hormonal contraceptive device,
  Kyleena, to prevent pregnancy for up to five years, the German
  company said on Monday.
  
  Read more

• BRIEF-Claire's announces extension of expiration time in previously announced offer to exchange

  19-09-2016 15:02
  
  * Announces extension of expiration time in previously
  announced offer to exchange
  
  Read more

• UPDATE 2-Samsung says China phone fire caused by external heat

  19-09-2016 15:00
  
  * Note 7 fire appears due to heating device outside phone
  -source(Recasts first paragraph, updates with comments from Samsung)
  
  Read more

• BRIEF-GWG Holdings enters into loan and security agreements with LNV and CLMG Corp

  19-09-2016 15:00
  
  * Loan and security agreement makes available total of up to
  $172.3 million in credit to borrower with a maturity date of
  September 14, 2026
  
  Read more

• US STOCKS-Wall St set to open higher as oil recovers

  19-09-2016 14:59
  
  * Futures up: Dow 87 pts, S&P 10.25 pts, Nasdaq 17.5 pts(Adds details, comments, updates prices)
  
  Read more

• UPDATE 1-SunEdison's yieldcos exploring strategic options, including sale

  19-09-2016 14:56
  
  Sept 19 (Reuters) - TerraForm Global Inc and
  TerraForm Power Inc, the "yieldcos" of bankrupt solar
  company SunEdison Inc, said on Monday they were exploring
  strategic alternatives, including a sale...
  
  Read more

• BRIEF-FDA approves Bayer's Kyleena for prevention of pregnancy for up to 5 years

  19-09-2016 14:55
  
  * FDA approves Bayer's Kyleena (levonorgestrel-releasing
  intrauterine system) 19.5 mg for prevention of pregnancy for up
  to five yearsSource text for Eikon:Further company coverage:
  
  Read more

• BRIEF-GeoPark announces resumption of share repurchase program

  19-09-2016 14:50
  
  * Repurchase program will resume on September 19, 2016 and
  will expire on or before close of business on November 13, 2016
  
  Read more

• BRIEF-Four lawsuits filed by purported stockholders of Tesla challenging SolarCity deal

  19-09-2016 14:48
  
  * Between Sept 1 and Sept 14, four lawsuits filed in court
  of Chancery of State of Delaware by purported stockholders of
  Tesla challenging SolarCity deal
  
  Read more

• Starboard sets date for special meeting of Depomed shareholders

  19-09-2016 14:42
  
  (Reuters) - Activist investor Starboard Value LP, which owns 9.8 percent of drugmaker Depomed Incand wants to oust the company's board, said on Monday it had won enough support from shareholders to...
  
  Read more

• Nigeria plans "large injection of funds" through assets sales, license payments: minister

  19-09-2016 14:38 via news.yahoo.com
  
  ABUJA (Reuters) - Nigeria plans an "immediate large injection of funds" into the economy though asset sales, advance payments for license renewals and infrastructure concessions, its budget minister said on Monday. Udoma Udo Udoma also told a business conference in Abuja that the government had almost finalized a bill asking parliament for emergency legislation powers to improve the business climate. (Reporting by Felix Onuah; Writing by Ulf Laessing; Editing by Hugh Lawson)
  
  Read more

• RPT-SunEdison's two yieldcos exploring strategic options, including sale

  19-09-2016 14:37
  
  Sept 19 (Reuters) - TerraForm Global Inc and
  TerraForm Power Inc, the "yieldcos" of bankrupt solar
  company SunEdison Inc, said on Monday that they were exploring
  strategic alternatives, including a...
  
  Read more

• BRIEF-WebMD increases stock repurchase program

  19-09-2016 14:19
  
  * Increase in amount available under WebMD's existing stock
  repurchase program to $50 million
  
  Read more

• BRIEF-Pediapharm announces global exclusive licensing agreement for Relaxa(R)

  19-09-2016 14:19
  
  * Pediapharm announces global exclusive licensing agreement
  for Relaxa(R), an established Canadian product with existing
  revenues
  
  Read more

• BRIEF-Bristow enters into ninth amendment to amended and restated revolving credit and term loan agreement

  19-09-2016 14:19
  
  * Entered into ninth amendment to amended and restated
  revolving credit and term loan agreement - SEC filingSource: (http://bit.ly/2cSURIs)
  Further company coverage:
  
  Read more

• BRIEF-Kohls to hire more than 69,000 associates nationwide

  19-09-2016 14:18
  
  * Anticipates hiring more than 69,000 associates nationwide
  this holiday season
  
  Read more

• BRIEF-WebMD appoints Steven Zatz as chief executive officer

  19-09-2016 14:17
  
  * Also announced that David J. Schlanger, who has served as
  CEO since 2013, is leaving company by mutual agreement
  
  Read more

• BRIEF-Cheniere Partners announces offering of $1.0 billion senior secured notes

  19-09-2016 14:16
  
  * Cheniere Partners announces offering of $1.0 billion
  senior secured notes due 2027 by Sabine Pass Liquefaction, LLC
  
  Read more

• BRIEF-BARDA increases contract option with Cytori to advance Countermeasure Clinical Trial

  19-09-2016 14:16
  
  * BARDA increases contract option with Cytori to advance
  countermeasure clinical trial
  
  Read more

Follow @FinanceUSA_News on Twitter!