Finance news

• Hertz's quarterly profit slumps 82.2 pct

  07-11-2016 23:56
  
  Nov 7 (Reuters) - Car rental company Hertz Global Holdings
  Inc reported a 82.2 percent fall in quarterly profit as
  total expenses rose, sending its shares down 25 percent in
  extended trading on...
  
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• US stock market notches biggest gain in 8 months; oil rises

  07-11-2016 23:02 via news.yahoo.com
  
  The U.S. stock market rebounded from a nine-day losing streak Monday, posting its biggest gain in eight months and driving the Dow Jones industrial average up more than 370 points. Financial stocks led ...
  
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• CORRECTED-Priceline revenue jumps 19 pct as hotel bookings rise

  07-11-2016 22:58
  
  Nov 7 (Reuters) - Travel website operator Priceline Group
  Inc reported a 19 percent jump in quarterly revenue,
  driven by higher hotel bookings, sending its shares up 5.2
  percent in extended trading.
  
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• Canadian dollar gains as oil climbs, Clinton gets election boost

  07-11-2016 22:38 via news.yahoo.com
  
  By Alastair Sharp TORONTO (Reuters) - The Canadian dollar gained against a broadly stronger U.S. counterpart on Monday as oil prices rose after U.S. Democratic presidential nominee Hillary Clinton got a boost ahead of Tuesday's election. The FBI said on Sunday that Clinton would not face criminal charges related to her use of a private e-mail server. A Clinton victory is seen as less of a threat to Canada's trade-intensive economy.
  
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• Clinton’s Improved Odds Spark Global Stock Market Rally

  07-11-2016 22:31 via news.yahoo.com
  
  It’s hard to know exactly what impact the FBI’s announcement on Sunday that it will not recommend criminal charges against Hillary Clinton because of her private email server will have on tomorrow’s presidential election. Shortly after a letter from FBI Director James Comey was released on Sunday saying that a new cache of emails (most of which were duplicates of emails already reviewed) had revealed no evidence of criminal wrongdoing, economist David Rothschild, who monitors p
  
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• News Corp's quarterly revenue falls 2.4 percent

  07-11-2016 22:29 via news.yahoo.com
  
  (Reuters) - News Corp , the owner of the Wall Street Journal, Dow Jones Newswires and book publisher HarperCollins, reported a 2.4 percent fall in quarterly revenue as it struggles to cope with a decline in newspaper advertising revenue.
  
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• Stocks, dollar rally after FBI clears Clinton in email probe

  07-11-2016 22:14 via news.yahoo.com
  
  Stock markets across the globe rallied on Monday, along with the U.S. dollar, notching their biggest gains in weeks after the FBI stood by its view that no criminal charges were warranted against Hillary Clinton over her email practices. European stocks jumped and many of the safe-haven assets that had performed strongly last week, when polls showed Republican candidate Donald Trump closing the gap with Clinton, reversed course. Investors had been unnerved in recent days by signs of a tightening
  
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• U.S. expresses concern over Nicaragua's 'flawed' election

  07-11-2016 21:13 via news.yahoo.com
  
  By Lesley Wroughton and Enrique Pretel WASHINGTON/MANAGUA (Reuters) - The United States is "deeply concerned" by the election in Nicaragua, a State Department spokesman said on Monday, a day after former Marxist guerrilla Daniel Ortega clinched a third consecutive term as president. Ortega cruised to a landslide victory after winning over voters with years of strong economic growth and poverty reduction. The 70-year-old former guerilla fighter, who ran with his wife, Rosario Murillo, as vice pre
  
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• IMF chief: Equal pay for men and women boosts growth

  07-11-2016 20:45 via news.yahoo.com
  
  WASHINGTON (AP) — The chief of the International Monetary Fund is calling on governments and businesses to do more to promote the same business and economic opportunities for men and women and to fight discrimination that interferes with those goals.
  
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• UPDATE 3-Ionis, Biogen drug for fatal infant disorder succeeds in key study

  07-11-2016 20:33
  
  * Drug may get $1 bln-$2 bln in peak annual sales - Piper
  Jaffray
  
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• Wall Street soars as investors see higher chance of Clinton win

  07-11-2016 20:30 via news.yahoo.com
  
  Shares on Wall Street rallied on the eve of the U.S. presidential election, as Democrat nominee Hillary Clinton's prospects brightened after the FBI said it would not press criminal charges against her over the use of a private email server. The ETF is viewed as a barometer for expectations that Republican Donald Trump could win the election since his policies are considered negative for Mexico. The FBI said on Sunday it stood by its July finding that Clinton was not guilty of criminal wrongdoin
  
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• Ferrari raises forecasts after record third-quarter earnings

  07-11-2016 20:02 via news.yahoo.com
  
  MILAN (AP) — Italian luxury sports car maker Ferrari NV revised its earnings guidance upward on Monday after reporting a record third-quarter profit of 113 million euros ($126 million), up 20 percent over last year.
  
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• Wall Street soars on election eve as FBI clears Clinton in email probe

  07-11-2016 19:30 via news.yahoo.com
  
  Wall Street rallied on Monday, the eve of the U.S. presidential election, as Democrat nominee Hillary Clinton's prospects brightened after the FBI said it would not press criminal charges related to her use of a private email server. The ETF is viewed as a barometer for Republican Donald Trump's chances of winning the election since his policies are considered negative for Mexico. Wall Street closed lower for nine days in a row through Friday, their longest losing streak in more than 35 years an
  
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• U.S. SEC probing banks over possible mismanagement of ADRs: WSJ

  07-11-2016 19:16 via news.yahoo.com
  
  (Reuters) - The U.S. Securities and Exchange Commission is investigating whether big banks have been mishandling securities in the American Depositary Receipt (ADR) market, the Wall Street Journal reported on Monday.
  
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• Saudi oil shipments to Egypt halted indefinitely, Egyptian officials say

  07-11-2016 19:12 via news.yahoo.com
  
  CAIRO/ABU DHABI (Reuters) - Saudi Arabia has informed Egypt that shipments of oil products expected under a $23 billion aid deal have been halted indefinitely, suggesting a deepening rift between the Arab world's richest country and its most populous. Saudi Arabia has been a major donor to Egypt since President Abdel Fattah al-Sisi seized power in mid-2013 but Riyadh has become frustrated with Sisi's lack of economic reforms and his reluctance to be drawn into the conflict in Yemen. During a vis
  
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• China Will Own New Year’s Eve in Times Square

  07-11-2016 18:45 via news.yahoo.com
  
  China is about to own New Year’s Eve in New York. A Chinese billionaire is buying Dick Clark Productions, which owns Dick Clark’s Rockin’ New Year’s Eve as well as other big-name properties such as the Golden Globes, the Country Music Awards and the Billboard Awards. The price tag is about $1 billion, although The Wall Street Journal says it has recently been valued at considerably less.
  
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• Polish minister accuses Facebook of censorship over right-wing symbol

  07-11-2016 18:42 via news.yahoo.com
  
  By Marcin Goettig WARSAW (Reuters) - Poland's digital economy minister accused Facebook of censorship on Monday after the company suspended some users' profiles for using a little-known far-right symbol. The Falanga symbol, depicting a stylized hand holding a sword, was used by a banned radical nationalist group in the 1930s but is legal in Poland and other countries. The row follows a wider global dispute over Facebook's standards for removing content.
  
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• Britain's FTSE ends five-day losing streak, led by mining, bank shares

  07-11-2016 18:20
  
  LONDON, Nov 7 (Reuters) - Britain's top share index ended
  higher on Monday, with mining companies tracking a rally in
  metals prices after the FBI again said no charges regarding her
  email practices...
  
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• Stocks, dollar jump as FBI clears Clinton in email probe

  07-11-2016 18:19 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - Stock markets across the globe surged on Monday, as did the U.S. dollar, putting them on track for their biggest gains in weeks after the FBI stood by its view that no criminal charges were warranted against Hillary Clinton over her email practices. European stocks were up 1.5 percent and many of the safe-haven assets that had performed strongly last week, when polls showed Republican candidate Donald Trump closing the gap with Clinton, reversed course.
  
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• European shares rise ahead of U.S. election, earnings help

  07-11-2016 18:17 via news.yahoo.com
  
  European shares rallied on Monday, underpinned by stronger banking stocks, as news that Hillary Clinton would not face charges over her use of emails gave her bid for the White House fresh momentum just ...
  
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• Russia signs decree to sell 19.5 percent Rosneft stake

  07-11-2016 18:00
  
  MOSCOW (Reuters) - Russia published a government decree on Monday ordering the sale of a 19.5 percent stake in state-controlled oil giant Rosneftin time for the proceeds to be received by the end...
  
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• UPDATE 3-LendingClub posts smaller-than-expected loss, shares soar

  07-11-2016 17:55
  
  * Platform gets $1.3 bln investment from National Bank of
  Canada
  
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• AccorHotels to buy stake in German boutique hotel chain 25hours

  07-11-2016 17:46
  
  PARIS (Reuters) - AccorHotelsis buying a 30 percent stake in Germany's 25hours Hotels for 35 million euros ($39 million), stepping up its expansion in the fast-growing market for "boutique" hotels...
  
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• BRIEF-Monte dei Paschi shares close up 22 pct

  07-11-2016 17:40
  
  * Qatar's sovereign wealth fund has expressed a preliminary
  interest in backing Monte dei Paschi's 5 billion euro emergency
  cash call, two sources familiar with the matter said, although
  the response...
  
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• Oil mixed as election seen swinging to Clinton while OPEC doubts weigh

  07-11-2016 17:29 via news.yahoo.com
  
  By Ethan Lou NEW YORK (Reuters) - Oil prices were mixed on Monday, supported by easing concerns over the economy after news that U.S. presidential candidate Hillary Clinton will not face charges over her emails, but prices were pressured by a rallying dollar and doubts over OPEC's planned production cuts. Brent crude was down 20 cents, or 0.09 percent, at $45.49 a barrel. The Federal Bureau of Investigation said it would not press charges against Clinton over her using a private email server.
  
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• Wall Street soars as FBI clears Clinton ahead of Election Day

  07-11-2016 17:25 via news.yahoo.com
  
  U.S. stocks marched higher on Monday, a day before the U.S. presidential election as Democrat nominee Hillary Clinton's prospects brightened after the FBI said it would not press criminal charges related to her use of a private email server. The ETF is viewed as a barometer for Republican Donald Trump's chances of winning the election since his policies are considered negative for Mexico. Wall Street closed lower for nine days in a row through Friday, their longest losing streak in more than 35
  
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• Wall St. soars as FBI clears Clinton ahead of Election Day

  07-11-2016 17:25 via news.yahoo.com
  
  The ETF is viewed as a barometer for Republican Donald Trump's chances of winning the election since his policies are considered negative for Mexico. Wall Street closed lower for nine days in a row through Friday, their longest losing streak in more than 35 years and one that gained momentum after the FBI said on Oct. 28 that it was reviewing some newly found Clinton emails. The FBI said on Sunday that it stood by its July finding that Clinton was not guilty of criminal wrongdoing.
  
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• UPDATE 1-Brazil hopes to avoid intervention in debt-laden carrier Oi

  07-11-2016 17:19
  
  SAO PAULO, Nov 7 (Reuters) - The Brazilian government is not
  considering an intervention in debt-laden carrier Oi SA at this
  point, on hopes creditors and shareholders can reach a
  negotiated solution...
  
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• Russia's VTB says agrees with Alfa on Turkcell joint investment

  07-11-2016 17:15
  
  MOSCOW (Reuters) - Russian bank VTBsaid on Monday it had reached an agreement with Alfa Group about a joint investment in Turkey's top mobile operator Turkcell .
  
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• UK misses out in end-of-year recovery for M&A deals

  07-11-2016 16:36
  
  LONDON (Reuters) - The value of merger and acquisition deals between UK companies has plunged 62 percent to a 30-year low since the country's vote to leave the European Union, according to Thomson...
  
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• Is 50%+ earnings growth sustainable at these hot stocks?

  07-11-2016 16:15 via news.yahoo.com
  
  Are these growth stocks already priced for success, or is there more to come?
  
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• Nicaraguan leftist Ortega storms to landslide reelection

  07-11-2016 16:09 via news.yahoo.com
  
  By Enrique Pretel and Alexandra Alper MANAGUA (Reuters) - Nicaraguan leftist Daniel Ortega powered to his third consecutive term as president of the poor Central American country on Sunday, as voters cheered years of solid economic growth and overlooked criticism he is installing a family dynasty. By fusing his militant past with a more business-friendly approach, Ortega stands in stark contrast to many once-dominant Latin American leaders, whose popularity has plummeted in recent years after fa
  
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• Wall St. soars as FBI clears Clinton ahead of election

  07-11-2016 15:56 via news.yahoo.com
  
  Wall Street closed lower for nine days in a row through Friday, their longest losing streak in more than 35 years and one that gained momentum after the FBI said on Oct. 28 that it was reviewing some newly found emails Clinton sent using a private server during her tenure as secretary of state. The FBI said on Sunday that it would not recommend criminal charges against Clinton, standing by its July finding that she was not guilty of criminal wrongdoing.
  
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• Wall Street soars as FBI clears Clinton ahead of election

  07-11-2016 15:55 via news.yahoo.com
  
  U.S. stocks soared on Monday as U.S. presidential candidate Hillary Clinton's prospects got a boost a day ahead of the election after the FBI said it would not press criminal charges related to her use of a private email server. Wall Street closed lower for nine days in a row through Friday, their longest losing streak in more than 35 years and one that gained momentum after the FBI said on Oct. 28 that it was reviewing some newly found emails Clinton sent using a private server during her tenur
  
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• MIDEAST STOCKS-Egypt continues surge on currency devaluation; petchems boost Saudi

  07-11-2016 15:52 via news.yahoo.com
  
  * Egypt up 15.6 percent since devaluation * Heaviest trading volume since March * Blue chips such as CIB, Global Telecom still favoured * Saudi retail sector continues rebounding * Savola hit by Egypt's devaluation By Andrew Torchia and Celine Aswad CAIRO/DUBAI, Nov 7 (Reuters) - Egypt's stock market rose sharply for a third day on Monday in response to the devaluation of the Egyptian pound which has raised hopes for capital inflows, while higher oil prices boosted petrochemical shares in Saudi
  
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• Brazil says LATAM, IAG airline deal could pose competition problems

  07-11-2016 15:30
  
  SAO PAULO (Reuters) - Brazil's competition regulator Cade said on Monday that a deal between LATAM Airlines , British Airways and Iberiacould have a negative impact on routes between Brazil and...
  
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• Russia's economy minister values Rosneft stake for sale at $11.75 billion

  07-11-2016 15:24 via news.yahoo.com
  
  MOSCOW (Reuters) - Russia will sell a state stake in oil giant Rosneft using the firm's share price as of Oct. 11, when it stood at 748.3 billion rubles ($11.75 billion), Economy Minister Alexei Ulyukayev said on Monday.
  
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• Jim Kennedy keeps the Cox empire going strong after 118 years

  07-11-2016 15:22
  
  NEW YORK (Reuters) - Vast family fortunes may be rare, but here is something even rarer: Family fortunes that last.
  
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• Russia's Rosneft sells stake in Verkhnechonskneftegaz to Beijing Gas for $1.1 billion

  07-11-2016 15:08
  
  MOSCOW (Reuters) - Russia's oil giant Rosneftsaid on Monday it had agreed to sell a 20 percent stake in its subsidiary Verkhnechonskneftegaz to Beijing Gas for around $1.1 billion.
  
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• Egypt to face pain before gain after massive currency devaluation

  07-11-2016 15:06 via news.yahoo.com
  
  The pain of Egypt's currency devaluation may be felt well before the benefits, creating a period of at least several months in which there is little positive news to offset rising inflation and falling living standards, businessmen and economists say. By bringing the Egyptian pound down to levels which the markets consider fair value, the devaluation promises to attract fresh capital into the country and end a hard currency shortage that has plagued the economy for years. Corporate executives sa
  
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• Wall Street set to rally at open after FBI clears Clinton

  07-11-2016 14:56 via news.yahoo.com
  
  Wall Street was poised to rally at the open on Monday, after a nine-day losing streak and a day before the U.S. presidential election, as the FBI said Democrat nominee Hillary Clinton would not face criminal charges related to her email practices. The FBI set shockwaves through the presidential race late last month when it said it would review newly found emails sent by Clinton using a private server during her tenure as secretary of state. The Bureau said on Sunday that its review gave it no re
  
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• Etihad could raise $1 billion in planned sukuk debut

  07-11-2016 14:34
  
  DUBAI (Reuters) - Etihad Airways plans to issue a debut U.S. dollar-denominated benchmark sukuk and will meet investors over the coming days to determine its size, maturity or interest rate, sources...
  
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• U.S. telecom firm Windstream to buy EarthLink

  07-11-2016 14:30
  
  (Reuters) - Windstream Holdings Inc said on Monday it would buy fellow U.S. telecommunications company EarthLink Holdings Corp in a deal valued at about $1.1 billion, including debt, in a bid to cut...
  
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• Reuters poll: Sterling trading around ideal rate for UK economy - economists

  07-11-2016 14:24 via news.yahoo.com
  
  LONDON/BENGALURU (Reuters) - Sterling's near 20 percent plunge following Britain's vote in June to leave the European Union has brought the currency to the ideal rate for the UK economy, according to a Reuters poll of economists taken in the past few days. The poll also found the BoE, which targets inflation at 2 percent, would stomach it rising from 1 percent currently to 3.5 percent next year before considering changing the neutral stance it only just shifted to from an easing bias last week.
  
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• Online jeweler Blue Nile agrees to be taken private for $500 million

  07-11-2016 14:23
  
  (Reuters) - Online jeweler Blue Nile Incsaid it agreed to be taken private by an investor group that includes Bain Capital Private Equity and Bow Street LLC for about $500 million in cash.
  
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• China's Baosteel to have dual HQ after Wuhan deal: paper

  07-11-2016 13:30
  
  BEIJING (Reuters) - China's Baosteel Group will have dual headquarters once the Shanghai-based state-owned steel maker takes over smaller rival Wuhan Steel, Shanghai-based newspaper The Paper said on...
  
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• RPT-Potential bidders for Takata may balk at GM bankruptcy precedent

  07-11-2016 13:00
  
  WILMINGTON, Del., Nov 6 (Reuters) - As auto supplier Takata
  Corp prepares for a possible U.S. bankruptcy filing,
  potential bidders are poring over a recent U.S. court ruling
  that could expose a buyer...
  
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• Eurozone retail sales edge down in September, led by Germany

  07-11-2016 12:41 via news.yahoo.com
  
  BRUSSELS (AP) — Official figures show retail sales across the 19-country eurozone edged down by 0.2 percent in September from the previous month, led by a decline in Germany, where economic indicators have otherwise been upbeat this year.
  
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• Ahead of Brexit, some banks quietly shift M&A bankers to Frankfurt

  07-11-2016 12:38 via news.yahoo.com
  
  By Anjuli Davies FRANKFURT (Reuters) - Global banks are quietly building up their investment banking teams in Frankfurt as the German deals market hots up, boosting the city's chances of being one of the financial centers to benefit most from Britain's vote to leave the European Union. A surge of Chinese investment in Europe's largest economy and an expected pick-up in merger activity across Germany's chemical, manufacturing and drugs industries have prompted banks to base more staff in Germany.
  
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• Brazil mulls steps to speed up Oi intervention, papers say

  07-11-2016 12:26
  
  SAO PAULO, Nov 7 (Reuters) - The Brazilian government is
  considering changes to the country's bankruptcy protection law
  to facilitate an intervention in Oi SA, whose in-court
  reorganization process...
  
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