Finance news

• Infrastructure would be popular bipartisan step for Clinton: Hennessey

  08-11-2016 23:58 via news.yahoo.com
  
  By Michael Connor NEW YORK (Reuters) - Democrat Hillary Clinton as president will have no policy mandate, even if elected by a wide margin, and would be wise to court Congress for an easy win on a big-dollar infrastructure bill, an economic aide to former Republican President George W. Bush said. Keith Hennessey, a former director of the White House National Economic Council and now professor at the Stanford Graduate Business School, joined the Global Markets Forum on Tuesday as Americans voted
  
  Read more

• UPDATE 1-TripAdvisor revenue misses estimates as referral income falls

  08-11-2016 23:34
  
  Nov 8 (Reuters) - TripAdvisor Inc reported
  lower-than-expected quarterly revenue as the travel review
  website operator earned less from referrals to third-party hotel
  websites.
  
  Read more

• UPDATE 3-Tesco says $3 mln stolen in cyber theft, resumes service

  08-11-2016 23:32
  
  * Other small banks could also be vulnerable -experts(Recasts, adds Tesco statement)
  
  Read more

• BRIEF-Pandora Media initiates search for full-time CFO

  08-11-2016 23:30
  
  * Says on Nov 8, co announced that it has initiated search
  for full-time chief financial officerSource text for Eikon: [ID:http://bit.ly/2fQOPe6]
  Further company coverage:
  
  Read more

• Advertisement

• BRIEF-Polaris Infrastructure reports quarterly loss per share $0.10

  08-11-2016 23:24
  
  * Quarterly total revenue $14.26 million versus $12.90
  million
  
  Read more

• BRIEF-Morningstar, units entered amended, restated credit agreement on Nov 4 - SEC filing

  08-11-2016 23:24
  
  * Morningstar Inc-on November 4, 2016, co and units
  entered into an amended and restated credit agreement- SEC
  filing
  
  Read more

• BRIEF-3M board declares quarterly dividend

  08-11-2016 23:23
  
  * 3M board declares quarterly dividendSource text for Eikon:Further company coverage:
  
  Read more

• BRIEF-Transenterix announces distribution agreement for Senhance Surgical Robotic System

  08-11-2016 23:22
  
  * Has expanded distribution of Senhance Surgical Robotic
  System
  
  Read more

• Advertisement

• BRIEF-EcoSynthetix reports Q3 2016 results

  08-11-2016 23:22
  
  * EcoSynthetix Inc quarterly net sales $2.7 mln versus $3.3
  mln last year
  
  Read more

• BRIEF-Russel Metals announces 2016 Q3 results

  08-11-2016 23:21
  
  * Q3 earnings per share view C$0.27 -- Thomson Reuters
  I/B/E/SSource text for Eikon:Further company coverage:
  
  Read more

• BRIEF-Keyera Corp announces Q3 2016 results

  08-11-2016 23:19
  
  * Keyera Corp. says Keyera remains on track to invest
  approximately $600 mln in 2016
  
  Read more

• Wall Street gains as traders bet on Clinton triumph

  08-11-2016 22:23 via news.yahoo.com
  
  U.S. stocks rose for a second straight session on Tuesday as investors bet Democratic candidate Hillary Clinton would win the U.S. presidential election. Wall Street sees the former secretary of state as a status quo candidate lending stability to the markets, while Republican candidate Donald Trump's stances on foreign policy, trade and immigration are less certain. Data company VoteCastr, which is providing real-time election information through news outlets, including Slate, showed Clinton wi
  
  Read more

• Latest Obamacare Headache: Long Stays in Virtual ‘Waiting Rooms’

  08-11-2016 21:33 via news.yahoo.com
  
  The problems are a far cry from the disastrous launch of the Affordable Care Act’s on-line enrollment system in 2013, but the early going of Obamacare’s latest enrollment season has been marred by technical hiccups and long waits for people trying to sign up for health insurance on the government run site. HealthCare.gov, the official Obamacare website, has been struggling to handle the flow of this year’s would-be applicants, according to The Wall Street Journal. One enrollmen
  
  Read more

• Mexican peso rises as US votes

  08-11-2016 21:18 via news.yahoo.com
  
  Mexico's peso rose Tuesday as traders appeared to bet on Hillary Clinton winning the US election against Donald Trump, who has vowed to upend economic ties between the neighboring countries. The Mexican stock market, meanwhile, opened 0.2 percent higher. The national currency has had a roller-coaster ride during the US presidential campaign, falling when Trump, the Republican candidate, was up in opinion polls and rising when his Democratic rival Clinton fared better.
  
  Read more

• Wall Street climbs as investors bet on Clinton victory

  08-11-2016 20:40 via news.yahoo.com
  
  Wall Street sees the former secretary of state as lending greater clarity and stability to the markets, while Republican candidate Donald Trump's stance on foreign policy, trade and immigration is less certain. Data company VoteCastr, which is providing real-time election information through news outlets, including Slate, showed Clinton with an early lead among voters in Florida, a must-win state for Trump. People were nervous Trump would win," said Michael James, managing director of equity tra
  
  Read more

• Oil prices edge higher with Wall Street as the U.S. votes

  08-11-2016 20:04 via news.yahoo.com
  
  By Scott DiSavino NEW YORK (Reuters) - Oil prices edged higher on Tuesday after trading either side of unchanged all morning, keeping crude in line with a small increase in U.S. stock markets as voters headed to the polls to elect the next president of the United States. The most recent polls have put Democrat Hillary Clinton ahead of Republican rival Donald Trump in Tuesday's election. Most investors believe a Clinton victory would result in greater certainty and stability in financial markets.
  
  Read more

• Oil prices edge higher with Wall St as the U.S. votes

  08-11-2016 20:00 via news.yahoo.com
  
  Oil prices edged higher on Tuesday after trading either side of unchanged all morning, keeping crude in line with a small increase in U.S. stock markets as voters headed to the polls to elect the next president of the United States. The most recent polls have put Democrat Hillary Clinton ahead of Republican rival Donald Trump in Tuesday's election. Most investors believe a Clinton victory would result in greater certainty and stability in financial markets.
  
  Read more

• Ivory Coast's Ouattara enacts new constitution as 'promise of peace'

  08-11-2016 19:37 via news.yahoo.com
  
  President Alassane Ouattara signed a new constitution into law on Tuesday, casting it as the way to a peaceful future for Ivory Coast, which has emerged as one of Africa's rising economic stars after years of violent upheaval. In a referendum last month, voters overwhelmingly endorsed the new charter - one of Ouattara's campaign promises during his re-election bid last year - with some 93 percent of ballots cast for the "Yes" on an official turnout of just over 42 percent. The new constitution's
  
  Read more

• US stocks surge as voters head to polls

  08-11-2016 19:31 via news.yahoo.com
  
  US stock markets reversed an early fall Tuesday and surged sharply higher as voters headed to polls to choose between Hillary Clinton and Donald Trump for their next president. Adding to Monday's 2 percent gains, which came as Democrat Clinton's chances for a victory appeared to improve, the S&P 500 and Dow Jones Industrial Average were up 0.7 percent in early afternoon trade. The move came at about the same time a new polling group, Votecastr, released an analysis of early voting in key swi
  
  Read more

• Wall Street moves higher; traders cite vote projections

  08-11-2016 19:29 via news.yahoo.com
  
  The former secretary of state is favored by investors as they see her lending greater clarity and stability to the markets, while Republican nominee Donald Trump's stance on foreign policy, trade and immigration is more uncertain. “VoteCastr ...is absolutely helping the market move higher," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group. Data company VoteCastr is providing real-time election information, distributed through news outlets that include Slate.
  
  Read more

• Higher costs or lower revenue? Wealth firms split on fiduciary compliance

  08-11-2016 19:28
  
  NEW YORK (Reuters) - Faced with implementing the U.S. Labor Department's rule governing retirement accounts, Wall Street wealth managers must decide whether to forego revenue or spend more to comply,...
  
  Read more

• Canada fiscal plan has taken pressure off central bank: Schembri

  08-11-2016 19:24 via news.yahoo.com
  
  By Richard Woodbury HALIFAX (Reuters) - Structural weaknesses are weighing heavily on Canada's export sector but an improved mix of fiscal and monetary policy has taken some pressure off the central bank to stimulate demand, a senior Bank of Canada official said on Tuesday. Bank of Canada Deputy Governor Lawrence Schembri also said Governor Stephen Poloz believes the central bank still has unconventional tools left it can use to stimulate demand, but that the mix of fiscal and monetary policy in
  
  Read more

• U.S. justices could allow Miami to sue banks over lending bias

  08-11-2016 19:23
  
  WASHINGTON (Reuters) - The U.S. Supreme Court on Tuesday indicated it could allow Miami to pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic home buyers...
  
  Read more

• Indian markets likely to welcome scrapping of larger banknotes, analysts say

  08-11-2016 18:32 via news.yahoo.com
  
  By Abhirup Roy and Suvashree Choudhury MUMBAI (Reuters) - Indian markets are likely to welcome the country's move to kill off its 500 and 1,000 rupee banknotes on Wednesday - the U.S. presidential election result notwithstanding - as banks' coffers will fill up as people deposit the notes as part of the process. Analysts also see the move as leading to a softening in inflation. The surprise step is designed to bring billions of dollars' worth of cash in unaccounted wealth into the mainstream eco
  
  Read more

• CME Group bans two traders for prearranging transactions

  08-11-2016 18:13
  
  CHICAGO (Reuters) - CME Group Inc said on Tuesday it permanently barred from its markets two traders who prearranged trades to transfer equity between accounts two years ago.
  
  Read more

• Senior Morgan Stanley banker Donald Moore to retire - memo

  08-11-2016 18:03 via news.yahoo.com
  
  By Anjuli Davies LONDON (Reuters) - Senior Morgan Stanley banker Donald Moore will retire from the Wall Street bank at the end of the year, according to a memo seen by Reuters on Tuesday. Moore, a 65-year-old American native, spent 41 years at the firm, most recently as chairman of the Global Financial Institutions Group (FIG) based in London. A spokesman for Morgan Stanley in London confirmed the contents of the memo.
  
  Read more

• Banks warn clients to brace for FX volatility after U.S. vote

  08-11-2016 18:03 via news.yahoo.com
  
  Major banks have formally told clients to expect volatile currency markets in the aftermath of Tuesday's U.S. presidential election, with the gap between buying and selling prices that determines the cost of trading expected to widen sharply if Donald Trump were to win. The warnings issued by the electronic trading platforms run by the market's largest player Citi and rivals Barclays and Goldman Sachs, seen by clients of the banks, have over the past two years become standard 'red flags' ahead o
  
  Read more

• U.S. sells record amount one-month T-bills

  08-11-2016 17:55
  
  NEW YORK (Reuters) - The U.S. Treasury Department on Tuesday sold a record $65 billion of one-month bills at an interest rate of 0.270 percent, which was the highest level since Aug. 23, Treasury...
  
  Read more

• Oil holds steady with Wall Street as the U.S. votes

  08-11-2016 17:33 via news.yahoo.com
  
  Oil prices were little changed on Tuesday, paring earlier gains in line with U.S. stock markets as voters head to the polls to elect the next president of the United States. In a swell of investor risk appetite, U.S. stocks racked up their biggest one-day gain since March on Monday, but this boost, which lifted oil, copper and European equities earlier on Tuesday faded. The most recent polls have put Democrat Hillary Clinton ahead of Republican rival Donald Trump in Tuesday's election.
  
  Read more

• Wall Street treads water as investors await U.S. election outcome

  08-11-2016 17:27 via news.yahoo.com
  
  Wall Street was little changed in light trading on Tuesday morning as investors treaded cautiously while awaiting the outcome of the U.S. presidential election, with the odds tilting towards Democrat nominee Hillary Clinton. Clinton, favored by investors as they see her lending greater clarity and stability to the markets, has a 90 percent chance of defeating Republican nominee Donald Trump, according to the final Reuters/Ipsos States of the Nation poll released on Monday. Trump's stance on fore
  
  Read more

• Embattled Valeant Pharma reports 3Q loss, slashes guidance

  08-11-2016 17:26 via news.yahoo.com
  
  Former Wall Street darling Valeant Pharmaceuticals International Inc., now more of a dog for its reviled strategy of huge drug price hikes, posted dismal third-quarter results and sharply reduced its profit forecast for 2016, driving down its stock price.
  
  Read more

• India abolishes larger banknotes in fight against graft, 'black money'

  08-11-2016 17:08 via news.yahoo.com
  
  By Neha Dasgupta and Nidhi Verma NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi on Tuesday announced that 500 and 1,000 rupee banknotes would be withdrawn from circulation at midnight, saying it was part of a crackdown on rampant corruption and counterfeit currency. The surprise step appears designed to bring billions of dollars worth of cash in unaccounted wealth into the mainstream economy, as well as hit the finances of Islamist militants who target India and are suspected of using
  
  Read more

• Ireland to formally submit appeal on Apple case this week

  08-11-2016 17:07 via news.yahoo.com
  
  Ireland's government will this week formally submit its appeal against the European Commission's multi-billion-euro demand for back taxes from Apple, Finance Minister Michael Noonan said on Tuesday. Ireland's cabinet agreed in September to join the iPhone maker in appealing the Commission's order that the U.S. tech giant pay up to 13 billion euros to Dublin after ruling the firm had received illegal state aid. The European Commission decision has also angered Washington, which accuses it of tryi
  
  Read more

• NIESR sees slight economic slowdown in three months to October

  08-11-2016 16:40 via news.yahoo.com
  
  British economic growth probably slowed in the three months to October from a solid performance in the first three months after the vote to leave the European Union, a leading think tank said on Tuesday. Britain's economy expanded by 0.4 percent in the three months to October, a bit weaker than an official growth reading of 0.5 percent in the three months to September, the National Institute of Economic and Social Research (NIESR) said. Looking ahead, this contribution ... is expected to wane ov
  
  Read more

• Accused UK 'flash crash' trader extradited to face U.S. charges

  08-11-2016 16:40 via news.yahoo.com
  
  A London-based trader has been extradited to the United States to face federal charges related to his alleged role in the 2010 Wall Street "flash crash," the U.S. Justice Department said on Tuesday. Navinder Sarao, 37, who traded on the Chicago Mercantile Exchange (CME) from his parents' home near London's Heathrow Airport, is scheduled to appear in federal court in Chicago on Wednesday morning after losing a legal challenge to his extradition. Sarao, who denies wrongdoing, arrived in the United
  
  Read more

• Global stocks cautious on US election day

  08-11-2016 16:38 via news.yahoo.com
  
  London (AFP) - Global stock markets treaded cautiously Tuesday, with Asia edging higher but Europe and US shares mostly dipping, as US voters chose a new president.
  
  Read more

• Dollar rises vs. yen as investors price in expected Clinton win

  08-11-2016 16:33 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - The dollar rose against the safe-haven Japanese yen and Swiss franc on Tuesday, but was overall little moved as investors bet on victory for Hillary Clinton in the U.S. presidential election that had already been largely priced into the market. A Trump victory would be expected to drive capital into the perceived security of the Japanese yen and Swiss franc. "Everybody’s got their bets on the table," said Marc Chandler, chief global currency strategist
  
  Read more

• India withdraws larger banknotes in fight against graft, 'black money'

  08-11-2016 16:22 via news.yahoo.com
  
  NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi on Tuesday announced that 500 and 1000 rupee banknotes would be withdrawn from the financial system at midnight, saying it was part of a crackdown on rampant corruption. The surprise step appears to be designed to bring billions of dollars worth of cash in unaccounted wealth into the mainstream economy. "Black money and corruption are the biggest obstacles in eradicating poverty," he said in an address to the nation. New 500 and 2,000 rup
  
  Read more

• Wall Street slips as investors await election outcome

  08-11-2016 15:57 via news.yahoo.com
  
  U.S. stocks slipped in cautious trading on Tuesday morning as Americans headed to elect their next president, with the odds currently favoring Democrat nominee Hillary Clinton. Clinton has a 90 percent chance of defeating Republican nominee Donald Trump, according to the final Reuters/Ipsos States of the Nation poll released on Monday. The former secretary of state was on track to win 303 votes in the Electoral College to Trump's 235, clearing the 270 needed for victory, and leads Trump by about
  
  Read more

• CVS Health's 3Q profit jumps, but revenue disappoints

  08-11-2016 15:52 via news.yahoo.com
  
  CVS Health Corp.'s third-quarter profit jumped on a boost in prescription volume and higher retail sales. But its shares fell 13 percent in morning trading Tuesday as revenue fell short of Wall Street ...
  
  Read more

• MIDEAST STOCKS-Egypt hits eight-year high on FX euphoria, state payment plan lifts Saudi

  08-11-2016 15:37 via news.yahoo.com
  
  * EGX30 index rises above February 2015 peak * But closes well off high, trading volume eases * Broader EGX100 outperforms for first time in rally * Foreigners net buyers by a large amount * Saudi index rises above September peak By Andrew Torchia and Celine Aswad CAIRO/DUBAI, Nov 8 (Reuters) - Egypt's stock market surged to an eight-year high on Tuesday because of hopes for foreign fund inflows after the currency was floated last week, while a plan by Saudi Arabia's government to pay debts to t
  
  Read more

• German economy robust despite September blues: analysts

  08-11-2016 15:00 via news.yahoo.com
  
  Germany's economy remained robust in the third quarter even in light of a fresh dip in industrial production and exports, analysts said Tuesday, but Brexit fears remain on the horizon. Industrial production slipped by 1.8 percent, corrected for price, seasonal and calendar effects, in September compared with the previous month, the federal statistics office Destatis said. Meanwhile, a 0.7-percent fall in exports compared with August, adjusted for seasonal swings, cut Germany's trade surplus as i
  
  Read more

• Wall Street set to open little changed on election day

  08-11-2016 14:54 via news.yahoo.com
  
  Wall Street looked set to open little changed on Election Day as Americans headed to vote for their next president, with the odds currently favoring Democrat nominee Hillary Clinton. Clinton has a 90 percent chance of defeating Republican nominee Donald Trump, according to the final Reuters/Ipsos States of the Nation poll released on Monday. The former secretary of state was on track to win 303 votes in the Electoral College to Trump's 235, clearing the 270 needed for victory.
  
  Read more

• U.S. election fever keeps global stocks, dollar subdued

  08-11-2016 14:35 via news.yahoo.com
  
  By Marc Jones and Jamie McGeever LONDON (Reuters) - Stocks and the dollar were little changed on Tuesday as global investors trod carefully, readying for the outcome of one of the most contentious U.S. presidential elections in history. Trade was largely driven by cautious expectations of a win for Democrat Hillary Clinton, but some sharp swings in recent days across all asset classes meant big bets were relatively thin on the ground as Americans started voting. Wall Street's S&P 500, Dow Jo
  
  Read more

• Iran signs preliminary $4.8B gas deal with Total

  08-11-2016 13:34 via news.yahoo.com
  
  TEHRAN, Iran (AP) — Iran on Tuesday signed a preliminary $4.8 billion gas agreement with the French company Total, the first such deal after a nuclear accord with world powers removed international sanctions that had squeezed its petroleum-based economy.
  
  Read more

• Ex-BlueCrest portfolio manager Hashemi to launch own hedge fund -sources

  08-11-2016 13:25
  
  LONDON (Reuters) - Ex-BlueCrest portfolio manager Ardy Hashemi plans to launch an equity hedge fund with the backing of $200 million from U.S.-based Lighthouse Investment Partners, sources close to...
  
  Read more

• Stock sutures slip as investors brace for election outcome

  08-11-2016 13:20 via news.yahoo.com
  
  Clinton has a 90 percent chance of defeating Republican nominee Donald Trump and was on track to win 303 votes in the Electoral College to Trump's 235, clearing the 270 needed for victory, according to the final Reuters/Ipsos States of the Nation poll released on Monday. The ETF is viewed as a barometer of Trump's chances of winning the election since his policies are considered negative for Mexico. Investor appetite for riskier assets appeared to be low as Wall Street is also coming off its bes
  
  Read more

• China central bank to keep liquidity ample, curb asset bubbles

  08-11-2016 13:16 via news.yahoo.com
  
  China's central bank said on Tuesday that it will maintain ample liquidity and achieve reasonable growth in money supply and credit, while taking steps to control asset bubbles and financial risk. The People's Bank of China would maintain a prudent monetary policy, fine-tuning in a preemptive and timely way, it said in its third-quarter monetary policy implementation report. "While creating neutral and appropriate monetary and financial environments for structural reforms and keeping liquidity r
  
  Read more

• After Uber case, UK union pushes for pay deal at Deliveroo

  08-11-2016 12:25 via news.yahoo.com
  
  A trade union is seeking recognition from British food delivery firm Deliveroo to allow it to negotiate a collective pay deal for its drivers, in the latest push for greater employment rights that could hit the flourishing 'gig economy'. The move comes barely two weeks after a tribunal ruled that taxi app Uber [UBER.UL] should pay its drivers sick and holiday pay as well as the minimum wage - a verdict that could affect tens of thousands of people across Britain. The Independent Workers Union of
  
  Read more

• Blackstone to buy German property group OfficeFirst Immobilien

  08-11-2016 11:58 via news.yahoo.com
  
  Blackstone is to buy OfficeFirst Immobilien from IVG Immobilien AG, ending months of talks over a potential sale or stock market listing of the German property company. Both sides did not comment on the price, but three people familiar with the process said Blackstone was paying around 22 euros per share, which, including debt, gives the deal an enterprise value of 3.3 billion euros ($3.65 billion). In September, Reuters reported that talks between buyout group Blackstone and IVG over a potentia
  
  Read more

Follow @FinanceUSA_News on Twitter!