Finance news

• U.S. vows all-out defense against 'grave' North Korean threat

  19-10-2016 23:58 via news.yahoo.com
  
  By David Brunnstrom and Arshad Mohammed WASHINGTON (Reuters) - The United States and South Korea agreed on Wednesday to step up military and diplomatic efforts to counter North Korea's nuclear and missile programs, saying they posed a "grave" security threat following repeated tests this year. After talks in Washington between their foreign and defense ministers, the countries said they had agreed to set up a high-level Extended Deterrence Strategy and Consultation Group to leverage "the full br
  
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• BRIEF-Terrax completes summer drill program, expands management team

  19-10-2016 23:29
  
  * Terrax completes summer drill program, expands management
  team
  
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• BRIEF-Landmark Infrastructure Partners Lp says closed unit offering

  19-10-2016 23:29
  
  * Landmark Infrastructure Partners Lp announces closing of
  common unit offering and full exercise of over-allotment optionSource text for Eikon:Further company coverage:
  
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• BRIEF-Idexx Laboratories elects Lawrence D. Kingsley to board of directors

  19-10-2016 23:29
  
  * Says in connection with Kingsley's election, board also
  increased its size from 9 to 10Source text for Eikon:Further company coverage:
  
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• BRIEF-Brookline Bancorp announces Q3 results

  19-10-2016 23:29
  
  * Brookline Bancorp Inc - Net interest income increased $2.1
  million to $52.4 million during Q3 of 2016 from quarter ended
  June 30, 2016Source text for Eikon:Further company coverage:
  
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• BRIEF-Blue Goose Capital gets $20 mln investment

  19-10-2016 23:29
  
  * Blue Goose Capital Corp announces $20 million investment
  by Dundee Corp and Serruya Private Equity
  
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• BRIEF-BancorpSouth announces Q3 financial results

  19-10-2016 23:29
  
  * BancorpSouth announces third quarter 2016 financial
  results
  
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• BRIEF-Imax Corp. expands board, appoints directors

  19-10-2016 23:28
  
  * Imax expands board; announces appointment of Kevin Douglas
  and Greg Foster as directors
  
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• BRIEF-East West Bancorp sees FY 2016 earnings per share $2.91 to $2.93

  19-10-2016 23:28
  
  * East West Bancorp reports net income for third quarter
  2016 of $110 million, and diluted earnings per share of $0.76,
  both up 7% from prior quarter
  
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• BRIEF-Gas Natural closes $92 mln debt refinancing

  19-10-2016 23:27
  
  * Regulated utilities held by wholly-owned subsidiary to
  streamline regulatory processes and costs
  
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• Brazil central bank cuts rate for first time in 3 years

  19-10-2016 23:27 via news.yahoo.com
  
  Brasília (AFP) - Brazil's central bank cut its key interest rate for the first time in more than three years Wednesday as a new center-right government's reforms fuel hopes of a recovery in Latin America's largest economy. It cited a dip in inflation and forecasts that a long recession -- Brazil's worst in a century -- is nearing its end. "The available evidence is compatible with a recent stabilization of the Brazilian economy and the possible gradual recovery of economic activity," the
  
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• BRIEF-Cathay General Bancorp announces Q3 EPS of $0.58

  19-10-2016 23:26
  
  * Cathay General Bancorp announces third quarter 2016
  results
  
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• UPDATE 2-Oi case speeding up Brazil rule changes that rivals endorse

  19-10-2016 23:25
  
  SAO PAULO, Oct 19 (Reuters) - Oi SA's decision to
  request bankruptcy protection in June helped accelerate the
  Brazilian government's planned revamp of telecommunications
  licensing regulations, an...
  
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• Vivendi's 'fair warning' to Mediaset leaves door open to talks: sources

  19-10-2016 22:58
  
  PARIS (Reuters) - French media giant Vivendiis still open to an alternative deal with Italian broadcaster Mediaset over its pay-TV unit despite a "fair warning" it gave on Wednesday, two sources...
  
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• Oil, earnings lift Wall Street but Intel drags

  19-10-2016 22:17 via news.yahoo.com
  
  U.S. stocks notched a second straight day of gains on Wednesday, as climbing oil prices lifted the energy sector and earnings from Morgan Stanley provided a boost to financials. Morgan Stanley gained 1.9 percent after posting a better-than-expected quarterly profit to round out a string of solid results from big U.S. banks.
  
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• Oil, earnings lift Wall St but Intel drags

  19-10-2016 22:17 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks notched a second straight day of gains on Wednesday, as climbing oil prices lifted the energy sector and earnings from Morgan Stanley provided a boost to financials. Morgan Stanley gained 1.9 percent after posting a better-than-expected quarterly profit to round out a string of solid results from big U.S. banks.
  
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• Salesforce target Tableau explored sale earlier this year - sources

  19-10-2016 22:00 via news.yahoo.com
  
  Tableau Software Inc , one of the companies in a leaked list of potential acquisition targets of Salesforce.com Inc , worked with an investment bank to explore a sale earlier this year, according to people familiar with the matter. Shares of Tableau rose as much as 7.3 percent on Wednesday after the Wall Street Journal reported the list, found in emails of former Secretary of State Colin Powell that were published in September by DCLeaks, a website that releases information often obtained throug
  
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• TSX rises to nearly 16-month high, led by resource stocks

  19-10-2016 21:35 via news.yahoo.com
  
  By Fergal Smith TORONTO (Reuters) - Canada's main stock index rose to a nearly 16-month high on Wednesday, led by energy and mining companies as oil surged and gold climbed, while financial stocks also gained ground. "As long as you have the economy continuing to do ok and you have a bid on the energy side and a stabilization of oil prices, I think there is room for the market to head higher into year end," said Bryden Teich, portfolio manager at Avenue Investment Management. Enbridge Inc rose 1
  
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• Apparent fake filing says artist bought $88 billion of Bank of America stock

  19-10-2016 21:31
  
  (Reuters) - In the latest apparent spoof on a U.S. securities regulator's online filing system, a Chicago-area artist with a fondness for inspirational quotes claimed to have acquired about $88...
  
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• Caesars unit close to deal with holdout creditor -lawyers

  19-10-2016 21:14
  
  CHICAGO, Oct 19 (Reuters) - The bankrupt operating unit of
  Caesars Entertainment Corp is close to an agreement with
  a main holdout creditor, hedge fund Trilogy Capital Management,
  lawyers for the two...
  
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• Wall St climbs on oil, earnings; Intel curbs advance

  19-10-2016 20:49 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks were on track for its second straight advance on Wednesday, as a climb in oil prices buoyed the energy sector and earnings from Morgan Stanley helped lift financials. Oil prices were up more than 2 percent, with U.S. crude touching a 15-month high after the government reported a sharp drop in domestic inventories for the sixth week in seven. Morgan Stanley gained 1.8 percent after posting a better-than-expected quarterly profit to round out a
  
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• British QE to give 300 billion-pound boost to spending - BoE's Haldane

  19-10-2016 20:45 via news.yahoo.com
  
  The Bank of England's 435 billion-pound ($534 billion)government bond-buying programme is likely to bring about a 300 billion-pound increase in overall spending in Britain, equivalent to three times annual public health spending, the BoE's chief economist said on Wednesday. Andy Haldane also said the quantitative easing programme would lead to the central bank holding around a third of the stock of British government bonds by 2018. The BoE announced an expansion of its QE programme in August, al
  
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• Belgian region wants more time to fix EU-Canada trade deal

  19-10-2016 20:42 via news.yahoo.com
  
  Walloon's Paul Magnette spoke as pressure mounted on him to drop opposition to the Comprehensive Economic and Trade Agreement (CETA), which would be the bloc's first trade accord with a Group of Seven country. Canadian Trade Minister Chrystia Freeland flew to Belgium on Wednesday for last-minute talks with Magnette and other European leaders. A spokesperson for Magnette confirmed he held separate meetings with Freeland and EU trade commissioner Cecelia Malmstrom on Wednesday.
  
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• U.S. municipal funds nab least cash in a year as performance slips: ICI

  19-10-2016 20:16
  
  NEW YORK (Reuters) - Investors funneled the least cash to U.S.-based municipal bond funds in more than a year, Investment Company Institute data for the latest week showed on Wednesday, the latest...
  
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• US economy grows a bit faster in September, Fed says

  19-10-2016 20:12 via news.yahoo.com
  
  U.S. economic growth accelerated slightly as summer ended and fall began, supported by modest hiring, an uptick in consumer spending, and steady homebuilding, according to the Federal Reserve. The Fed's ...
  
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• U.S. economy shows hints of broadening wage pressures: Fed

  19-10-2016 20:09 via news.yahoo.com
  
  The U.S. economy showed some signs of rising wage pressures in September and early October but overall compensation growth remained modest, the Federal Reserve said on Wednesday, a further sign of the cloudy outlook facing Fed policymakers as they mull a rise in interest rates. "Wage growth held fairly steady at modest levels, although some districts reported rising pressure for certain sectors," the Fed said in its Beige Book report of anecdotal information collected from business contacts nati
  
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• U.S. single-family housing starts surge; multi-family segment falters

  19-10-2016 19:54 via news.yahoo.com
  
  "Home construction is in decent shape, despite the volatility in the multi-family segment," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. Single-family housing starts, which account for the largest share of the residential housing market, jumped 8.1 percent to a 783,000-unit pace last month, the highest level since February.
  
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• Bank of Canada considered more stimulus as it cut growth outlook

  19-10-2016 19:12 via news.yahoo.com
  
  By Andrea Hopkins and Leah Schnurr OTTAWA (Reuters) - The Bank of Canada cut its growth forecast on Wednesday and said it actively discussed adding more monetary stimulus to speed up the nation's economic recovery, reinforcing the bank's recent dovish tone even as it held rates steady. Citing a looming slowdown in Canada's long housing boom and a weaker outlook for exports, Bank of Canada Governor Stephen Poloz said the central bank had considered easing monetary policy but was held back by glob
  
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• Difficult partner search jeopardizes Areva state rescue

  19-10-2016 19:10
  
  PARIS (Reuters) - French Areva is struggling to find a buyer for its new nuclear fuel unit, analysts and sources said, a key condition for the European Union to clear a state rescue package for the...
  
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• Wall St. up on oil, upbeat earnings; Intel limits gains

  19-10-2016 19:04 via news.yahoo.com
  
  (Reuters) - Wall Street was on track for its second straight day of gains on Wednesday as oil prices boosted energy stocks and financials got a lift after Morgan Stanley rounded off a strong quarter for big U.S. banks.
  
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• UPDATE 3-Abbott moves ahead on St. Jude, Alere deals, but investors fret

  19-10-2016 18:47
  
  Oct 19 (Reuters) - Abbott Laboratories said on Wednesday it
  was pushing ahead to complete its planned purchases of medical
  device maker St. Jude Medical Inc and diagnostics company Alere
  Inc despite...
  
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• Atlanta Fed raises U.S. third-quarter GDP growth view to 2.0 percent

  19-10-2016 18:34 via news.yahoo.com
  
  The U.S. economy is on track to grow at a 2.0 percent annualized pace in the third quarter following the latest data on government expenditures, the Atlanta Federal Reserve's GDP Now forecast model showed on Wednesday. Its latest third-quarter gross domestic product growth estimate was higher than the 1.9 percent increase calculated on Oct. 14, the Atlanta Fed said on its website. The Atlanta Fed also revised its forecast on federal spending in the third quarter to a 0.3 percent increase from a
  
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• European banks risk lagging Wall Street in blockchain race

  19-10-2016 18:32 via news.yahoo.com
  
  By Jemima Kelly and Anjuli Davies LONDON (Reuters) - The blockchain technology behind bitcoin was designed to do away with banks. In an ironic reverse, investment banks are now racing to make it work for them - but cash-strapped European players risk falling behind their Wall Street rivals. Blockchain was developed eight years ago, enabling transactions using the digital currency to be processed and settled on a public network without the need for a third party.
  
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• Cost of Saudi fingerprinting scheme weighs on STC, Mobily earnings

  19-10-2016 18:16 via news.yahoo.com
  
  * STC Q3 profit 2.15 bln riyals, down 7.5 pct * Mobily reports wider Q3 loss of 167.7 mln riyals * Impact of govt fingerprinting scheme weighs on both (Recasts, combines STC/Mobily earnings news, adds context) By David French DUBAI, Oct 19 (Reuters) - Saudi Arabia's two biggest telecom operators reported weaker third-quarter earnings on Wednesday, as the cost of implementing a government initiative to register fingerprints with phone numbers weighed on both providers. A 7. ...
  
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• Oil jumps after U.S. data; stocks edge up

  19-10-2016 18:15 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Crude oil prices rose to a 15-month high on Wednesday after a surprise U.S. inventory drawdown, boosting energy shares. WTI crude hit its highest since July 2015 after the Energy Information Administration said U.S. stockpiles fell by 5.2 million barrels in the week ended Friday, dashing analysts' expectations for a build. Energy stocks led the way up on Wall Street, boosted by the higher oil prices. Exxon and Chevron were the largest gainers on the S&P
  
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• Financials and energy stocks help FTSE to end higher

  19-10-2016 18:03
  
  LONDON, Oct 19 (Reuters) - Britain's top share index
  finished higher on Wednesday, with energy stocks tracking a
  sharp rally in crude oil prices and banks gaining momentum after
  U.S. bank Morgan...
  
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• Liquidator seeks U.S. bankruptcy for Platinum Partners' funds

  19-10-2016 17:53
  
  Oct 19 (Reuters) - Two Platinum Partners hedge funds have
  sought U.S. Chapter 15 bankruptcy protection as part of an
  ongoing liquidation effort, according to court documents filed
  in New York federal...
  
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• BRIEF-Platinum Partners filed for chapter 15 protection in U.S. Bankruptcy court in Manhattan - WSJ

  19-10-2016 17:34
  
  * Platinum Partners' flagship hedge fund files for
  bankruptcy - WSJ
  
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• Bank of Canada cuts growth outlook, citing housing, exports

  19-10-2016 17:17 via news.yahoo.com
  
  By Andrea Hopkins and Leah Schnurr OTTAWA (Reuters) - The Bank of Canada cut its growth forecast on Wednesday, citing a looming slowdown in housing and a weaker outlook for exports, but kept rates steady as it once again projected better days ahead for Canada's tepid economy. The bank's nod to recent disappointing data was largely in line with what financial markets had expected and cemented the belief that Canada will keep borrowing costs steady even if the U.S. Federal Reserve starts hiking ra
  
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• MIDEAST STOCKS-SABIC profit boosts Saudi, Qatar hit by weak earnings

  19-10-2016 16:59 via news.yahoo.com
  
  * SABIC Q3 profit at top end of forecasts * Emaar the Economic City drops after posting loss * Dubai's DXB Entertainments up before theme park opening * Qatar hit by CBQ's net loss, which misses estimates * Egypt down for fourth straight day By Celine Aswad DUBAI, Oct 19 (Reuters) - Saudi Basic Industries (SABIC) helped lift Riyadh's stock market on Wednesday after it reported a third-quarter net profit at the top end of forecasts, but a loss at Qatar's third- largest bank dragged that market lo
  
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• Wall St. flat as oil gains offset Intel's drag

  19-10-2016 16:37 via news.yahoo.com
  
  (Reuters) - Wall Street was little changed on Wednesday as gains in energy and financial stocks were offset by a drop in technology shares, led by Intel.
  
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• FTSE Moves: London market slips as traders weigh jobs and earnings data

  19-10-2016 16:19 via news.yahoo.com
  
  London stocks slipped in afternoon trading as investors reacted to official data that showed UK earnings and job creation slowed in the three months to August. The Office for National Statistics (ONS) employment was up 106,000 in the latest quarter to a record 31.8 million, but this was down from 174,000 in the three months to July. The FTSE 100 Index fell 12.6 points to 6987.4, as the employment data follows yesterday's ONS figures showing that the cost of living jumped to 1% in September, from
  
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• Belgian region demands more time to fix EU-Canada trade deal

  19-10-2016 16:12 via news.yahoo.com
  
  The premier of the Belgian region that is the main impediment to a planned EU-Canada free trade agreement advised on Wednesday postponing a summit next week to sign the deal and taking a few more months to fix outstanding issues. Almost all 28 EU governments now back the Comprehensive Economic and Trade Agreement (CETA), which would be the bloc's first trade accord with a G7 country, but the Belgium's French-speaking region of Wallonia continues to oppose it. The agreement is scheduled to be sig
  
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• Wall Street opens little changed; Intel weighs

  19-10-2016 15:37 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened little changed on Wednesday, a day after the S&P 500 index posted its best advance in the month, but Intel had the Nasdaq slightly in the red. The Nasdaq Composite was down 3.36 points, or 0.06 percent, at 5,240.48.
  
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• Abbott's third-quarter earnings edge past Street

  19-10-2016 15:30 via news.yahoo.com
  
  Apart from the St. Jude deal, Abbott is buying molecular diagnostic company Alere Inc for $5.80 billion. The Abbott Park, Illinois-based company's stock was down about 2 percent in premarket trading on Wednesday. St. Jude, which also reported its quarterly results, posted a quarterly adjusted profit of 99 cents, missing the average Wall Street estimate by 2 cents.
  
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• Italy's Berlusconi returns to fray to sink PM Renzi's referendum

  19-10-2016 15:25 via news.yahoo.com
  
  By Gavin Jones ROME (Reuters) - Center-right leader Silvio Berlusconi, who left Italy's political limelight after heart surgery, has returned to the fray this week trying to defeat Prime Minister Matteo Renzi's planned constitutional reform. In his first television interview since June, the 80-year-old media tycoon told his own Canale 5 channel on Tuesday evening the reform was "dangerous" and had to be blocked to prevent Renzi becoming "the master of Italy and the Italians." On Wednesday, after
  
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• Morgan Stanley profit jumps on bond-trading comeback

  19-10-2016 15:22 via news.yahoo.com
  
  Morgan Stanley reported a better-than-expected profit on Wednesday, boosted by a surge in bond trading that helped all Wall Street banks last quarter. Morgan Stanley's gains were especially notable. Its adjusted bond-trading revenue more than doubled, hitting Chief Executive James Gorman's revenue target for that business for the second quarter in a row.
  
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• Employee benefits firm Edenred boosted by growth plans

  19-10-2016 15:12
  
  Oct 19 (Reuters) - Employee benefits firm Edenredexpects operating profit to grow by at least 9 percent a year
  over the next three years as it diversifies further into areas
  such as fuel and...
  
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• Foreign airlines cut flights to Abuja as currency crisis deepens

  19-10-2016 15:08 via news.yahoo.com
  
  By Tom Arnold and Chijioke Ohuocha DUBAI/LAGOS (Reuters) - Two international airlines have announced plans to suspend flights to the Nigerian capital Abuja by next month due to falling demand as a currency crisis in Africa's top economy deepens. Emirates Airline on Wednesday became the latest to suspend its four times weekly service between Dubai and Abuja starting Oct. 30, a company spokesman said. The decision to stop flights to and from Abuja was made "after a review of the airline's operatio
  
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• Canada government advisory group to call for infrastructure bank: report

  19-10-2016 15:05 via news.yahoo.com
  
  A Canadian government advisory group will this week recommend the creation of an infrastructure bank and urge increased immigration to stoke economic growth, the Globe and Mail reported on Wednesday. Citing unnamed sources, it said Finance Minister Bill Morneau's Advisory Council on Economic Growth will call for a 50 percent boost in immigration to 450,000 people annually over five years as well as easing the entry of highly skilled and entrepreneurial immigrants.
  
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