Finance news

• The Spiky Fruit That Could Feed Drought-Stricken India

  28-11-2016 23:32 via news.yahoo.com
  
  The crop remains something of a squandered resource in India, however, even though the need to explore jackfruit as a food source is more pressing than ever. Despite its economic growth in recent decades, India is a largely agrarian society, and farmers rely solely on the two monsoons to feed the rivers and other water sources that are used to irrigate crops. With groundwater sources depleted and reservoirs running low, India is facing an agrarian crisis.
  
  Read more

• Brazil's leftist opposition seek Temer probe, impeachment

  28-11-2016 23:31 via news.yahoo.com
  
  By Anthony Boadle BRASILIA (Reuters) - Leftist opponents of Brazil's President Michel Temer sought on Monday to have him investigated and impeached for his alleged role in pressuring a former culture minister to approve a property development. While the impeachment bid is not expected to gain sufficient backing, Brazil's public prosecutor is already studying whether to investigate the charge by the former minister, Marcelo Calero, that Temer had sided with another Cabinet member who lobbied him
  
  Read more

• BRIEF-Windstream says lenders to provide up to $600 mln principal amount of incremental term loans-SEC filing

  28-11-2016 23:25
  
  * Windstream -Lenders to provide up to $600 million
  principal amount of incremental term loans under unit's existing
  senior secured credit facilities
  
  Read more

• BRIEF-Traverse Energy Ltd announces increase in size of private placement financing

  28-11-2016 23:23
  
  * Traverse Energy Ltd announces increase in size of private
  placement financing
  
  Read more

• Advertisement

• BRIEF-Cherokee sees fy 2017 adjusted earnings per share $0.76

  28-11-2016 23:21
  
  * Cherokee Global Brands announces launch of public offering
  of common stock
  
  Read more

• BRIEF-CEMEX says a U.S. unit will divest reinforced concrete business to Quikrete

  28-11-2016 23:21
  
  * Cemex and Quikrete agree on terms and conditions for sale
  of u.s. Reinforced concrete pipe manufacturing business
  
  Read more

• BRIEF-HudBay announces offering of $1.0 billion aggregate principal amount of senior notes

  28-11-2016 23:17
  
  * HudBay announces offering of $1.0 billion aggregate
  principal amount of senior notes and tender offer and consent
  solicitation in respect of outstanding 9.500% senior notes due
  2020
  
  Read more

• Brazil's Temer sees still-high budget deficit narrowing gradually

  28-11-2016 23:16
  
  BRASILIA, Nov 28 (Reuters) - Brazilian President Michel
  Temer said the government is still running a high budget
  deficit, although efforts to contain expenses and pass
  spending-reduction legislation...
  
  Read more

• Advertisement

• BRIEF-Fannie Mae names George Haywood to board

  28-11-2016 23:11
  
  * Fannie Mae names George w. Haywood, finance and technology
  entrepreneur, to the board of directors
  
  Read more

• EMERGING MARKETS-Brazilian markets jump on fiscal reform hopes

  28-11-2016 23:07
  
  (Recasts with gains in Brazil)SAO PAULO, Nov 28 (Reuters) - Brazilian stocks got a lift on
  Monday and its currency gained on hopes the county's new
  president will be able to push through fiscal...
  
  Read more

• Insurer Allstate to buy SquareTrade for $1.4 bln

  28-11-2016 23:06
  
  Nov 28 (Reuters) - Property and casualty insurer Allstate
  Corp said on Monday it would buy SquareTrade Holding Co
  Inc for about $1.4 billion in cash from a group of shareholders
  that include Bain...
  
  Read more

• BRIEF-NiSource Finance Corp as borrower & NiSource Inc entered into a fourth amended and restated revolving credit agreement

  28-11-2016 23:05
  
  * NiSource Inc says on Nov 28, NiSource Finance Corp as
  borrower & co entered into a fourth amended and restated
  revolving credit agreement - SEC filing
  
  Read more

• Not out yet, Britain backs EU patent court

  28-11-2016 22:41 via news.yahoo.com
  
  Britain pleased and surprised some of its European Union partners on Monday by pledging to ratify a new, unified patent system for the bloc even though London is about to leave the EU. Slovak Economy Minister Peter Ziga, who chaired a meeting of EU counterparts in Brussels, told reporters he was "very pleased" that Britain had committed to be ready to ratify the international agreement in the first half of next year. Ratification by Britain, one of the EU's three biggest economies, was a conditi
  
  Read more

• National Front gears up for risky campaign against 'French Thatcher'

  28-11-2016 22:22 via news.yahoo.com
  
  By Ingrid Melander PARIS (Reuters) - Depending on who you ask, center-right presidential nominee Francois Fillon is either the perfect candidate to defeat the National Front, or the man whose economic radicalism will let France's far right pose as protector of working class rights. Pollsters predict Fillon, a former prime minister who clinched the nomination of his Les Republicains party on Sunday, will face the far National Front's Marine Le Pen in the run-off, casting him as the champion of th
  
  Read more

• Wall St. slips as banks, discretionary stocks drag

  28-11-2016 22:19 via news.yahoo.com
  
  U.S. stocks declined on Monday for their worst performance in nearly a month, weighed down by a pullback in the financial and consumer discretionary sectors as some investors booked profits on the heels of a record-setting week. The three major U.S. indexes had closed higher for the third week in a row on Friday, with the S&P 500 notching its seventh record close since the U.S. presidential election on Nov. 8. U.S. stocks have jumped since Donald Trump's victory in the presidential election,
  
  Read more

• Amid Trump selloff, Brazil turnaround story outshines Mexico

  28-11-2016 21:50
  
  SAO PAULO/NEW YORK (Reuters) - U.S. President-elect Donald Trump's surprise victory could be a blessing in disguise for Brazil as the country's agenda of fiscal reform and low reliance on trade lure...
  
  Read more

• Trump, Brexit causing economic uncertainty: ECB chief

  28-11-2016 21:43 via news.yahoo.com
  
  Geopolitical events including the election of Donald Trump and Britain's Brexit vote are the main reasons for the current economic uncertainty, European Central Bank chief Mario Draghi told EU parliamentarians Monday. "Looking at the recent events, it is quite clear that geopolitical uncertainty has become the major source of uncertainty for the months to come," Draghi warned the European parliament's economic affairs committee.
  
  Read more

• U.S. Treasury presses on with rule opposing serial tax inversions

  28-11-2016 21:07
  
  WASHINGTON (Reuters) - Despite Republican plans to scale back federal regulation next year, the U.S. Treasury is moving to finalize a controversial rule intended to make it harder for American...
  
  Read more

• Elliott discloses stake in Cognizant, urges board shakeup

  28-11-2016 21:07
  (Reuters) - Activist investor Elliott Management disclosed a stake of more than 4 percent in Cognizant Technology Solutionsand urged the IT services provider in a letter to consider shaking up its...
  
  Read more

• Wall St. retreats as financials, discretionary stocks drag

  28-11-2016 21:04 via news.yahoo.com
  
  U.S. stocks fell modestly on Monday, weighed down by declines in the financial and consumer discretionary sectors, as some investors booked profits on the heels of a record-setting week. The three major U.S. indexes had closed higher for the third week in a row on Friday, with the S&P 500 notching its seventh record close since the U.S. presidential election on Nov. 8. U.S. stocks have jumped since Donald Trump's victory in the presidential election, with the S&P 500 up 3.7 percent, as i
  
  Read more

• EU, Greece 'very close' to debt talks: Moscovici

  28-11-2016 20:20 via news.yahoo.com
  
  Greece and its European creditors are "very close" to an agreement that would open the way to vital debt talks, EU economy commissioner Pierre Moscovici said Monday. "I think we are very close to an agreement... if we are capable of concluding the review, then we must absolutely open...debt talks," he told Greek Prime Minister Alexis Tsipras. "We need to reach a staff-level agreement by the end of this week... it's absolutely doable," Moscovici then told reporters.
  
  Read more

• Cuba-focused closed-end fund rallies in wake of Castro's death

  28-11-2016 20:10
  
  NEW YORK, Nov 28 (Reuters) - The only Cuba-focused stock
  fund in the United States rallied more than 13 percent Monday, a
  sign investors expect Fidel Castro's death to continue to open
  up relations...
  
  Read more

• Boeing confident WTO subsidy ruling will be reversed

  28-11-2016 20:08 via news.yahoo.com
  
  GENEVA/NEW YORK (Reuters) - Boeing Co expressed confidence on Monday that a World Trade Organization ruling against a Washington state tax break for its 777X jetliner would be overturned on appeal, claiming to have the upper hand in the latest round of a long trade dispute placing it at odds with European rival Airbus . The WTO ruled that a preferential rate on its main aerospace business tax, which was tied to a decision to produce the new aircraft within the state, was a prohibited subsidy and
  
  Read more

• White House: Castro's death will not likely slow U.S. efforts toward Cuba

  28-11-2016 19:50 via news.yahoo.com
  
  WASHINGTON (Reuters) - The death of Cuba's Fidel Castro is unlikely to slow down U.S. efforts to normalize relations with its Cold War enemy, the White House said on Monday, pointing to the economic impact of the diplomatic thaw already underway such as commercial flights and other growing ties. White House spokesman Josh Earnest told reporters at a daily briefing on Monday than any move to unwind the normalizing relations between the United States and Cuba over the past two years "would deal a
  
  Read more

• Illinois Quad Cities, Clinton nuclear plants could save $3 billion in power costs: study

  28-11-2016 19:40 via news.yahoo.com
  
  (Reuters) - Preserving Quad Cities and Clinton nuclear plants will save businesses and consumers in Illinois more than $3 billion in power costs in the next 10 years, a study conducted by global consulting firm The Brattle Group showed on Monday. Exelon Corp, which owns the plants and plans to close them, has been trying to get the Illinois Legislature to adopt legislation, known as the Next Generation Energy Plan, that would provide a subsidy for nuclear reactors for their production and enviro
  
  Read more

• Canada watchdog lays down warning to mortgage lenders

  28-11-2016 19:40 via news.yahoo.com
  
  By Nicole Mordant and Matt Scuffham VANCOUVER/TORONTO (Reuters) - Canada's banking regulator on Monday urged everyone in the country's mortgage industry to support tougher lending rules, warning lenders could face big losses if overheating housing markets turn. Canada's banks and other lenders are facing intense scrutiny of their underwriting practices as authorities try to tackle the potential threat of a housing bubble in Vancouver and Toronto, where prices have soared, and a number of measure
  
  Read more

• Tunisia hosts investors to revive post-revolution economy

  28-11-2016 19:19 via news.yahoo.com
  
  By Tarek Amara TUNIS (Reuters) - Tunisia is hoping to reverse a decline in foreign investment and shake off some of its post-revolution economic malaise at a international conference that opens on Tuesday. The two-day event is aimed at drumming up interest in projects worth some $30 billion and boosting an economy hurt by militant attacks, labour unrest and political instability. It comes as Prime Minister Youssef Chahed's government tries to contain a fresh wave of resistance against austerity
  
  Read more

• South Africa's MTN Group plans expansion in Iran

  28-11-2016 19:11 via news.yahoo.com
  
  By Nqobile Dludla JOHANNESBURG (Reuters) - MTN Group, Africa's biggest mobile phone company, is planning to expand in Iran, from where it has only just managed to begin reptratiating profits. The move is part of MTN's 10-year plan to cement its leading position in risky but lucrative frontier markets in the Middle East and Africa, where it aggressively expanded a decade ago. "We're very excited about Iran and the possibilities there," MTN's newly appointed head of strategy, mergers and acquisiti
  
  Read more

• Britain's FTSE index slips as Trump rally falters

  28-11-2016 19:06
  
  * Utilities gain as investors back safe stocks(ADVISORY- Follow European and UK stock markets in real time on
  the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)
  
  Read more

• Shell considering selling its Iraq oil assets: sources

  28-11-2016 18:27
  
  LONDON (Reuters) - Royal Dutch Shellis considering selling out of its oil fields in Iraq as part of its global $30 billion asset disposal program, industry sources said on Monday.
  
  Read more

• Canada watchdog warns of losses if housing market turns

  28-11-2016 18:18 via news.yahoo.com
  
  Canada's banking regulator warned on Monday that lenders could face significant losses if housing markets turn in the event of an economic downturn and emphasized the need for stringent underwriting practices. Canada's banks face heightened scrutiny of their mortgage underwriting practices as authorities try to tackle the potential threat of a housing bubble in Vancouver and Toronto, where prices have soared Citing concerns about record household debt and a sharp jump in house prices, the Office
  
  Read more

• CME Group bids for LSE's French clearing business: Sunday Times

  28-11-2016 18:14
  
  CHICAGO (Reuters) - CME Group Inchas submitted a bid to buy the London Stock Exchange'sFrench clearing business for more than $340 million pounds (400 million euros), the Sunday Times reported,...
  
  Read more

• Maersk, DONG Energy in talks over $10 billion oil merger: sources

  28-11-2016 18:06
  
  LONDON (Reuters) - Denmark's A.P. Moller-Maerskand DONG Energyare in talks to merge their oil and gas operations in a deal that would create a business worth more than $10 billion including debt,...
  
  Read more

• UPDATE 3-Italy's Monte dei Paschi lists multiple threats to rescue plan

  28-11-2016 17:47
  
  * Dec. 4 referendum casts shadow on rescue plan(Adds Generali to convert bond, analyst comment)
  
  Read more

• Time Inc rejects bid from billionaire Bronfman Jr.: NY Post

  28-11-2016 17:43
  
  (Reuters) - Time Inc , the publisher of Time, People and Fortune magazines, has rejected a takeover bid from billionaire investor Edgar Bronfman Jr., the New York Post reported on Monday.
  
  Read more

• Wall Street falls as consumer, finance stocks weigh

  28-11-2016 17:24 via news.yahoo.com
  
  U.S. stocks were lower in late morning trading on Monday, weighed down by financial and consumer discretionary stocks, as some investors cashed in following a record-setting week. The three major U.S. indexes closed higher for the third week in a row on Friday, with the S&P 500 notching its seventh record close since Nov. 8. U.S. stocks have soared since Donald Trump's victory in the presidential election as investors expect his plans to boost infrastructure spending, cut corporate taxes and
  
  Read more

• Pope urges world leaders not to hobble climate change pact

  28-11-2016 17:13 via news.yahoo.com
  
  By Philip Pullella VATICAN CITY (Reuters) - Pope Francis urged national leaders on Monday to implement global environmental agreements without delay, a message that looked to be squarely aimed at U.S. President-elect Donald Trump. Addressing a group of scientists that included theoretical physicist Stephen Hawking, the pope gave his strongest speech on the environment since the election of Trump, who has threatened to pull out of the 2015 Paris Agreement on climate change. "The 'distraction' or
  
  Read more

• Wall St. falls as consumer, finance stocks weigh

  28-11-2016 17:09 via news.yahoo.com
  
  The three major U.S. indexes closed higher for the third week in a row on Friday, with the S&P 500 notching its seventh record close since Nov. 8. U.S. stocks have soared since Donald Trump's victory in the presidential election as investors expect his plans to boost infrastructure spending, cut corporate taxes and reduce regulation to benefit the economy. The S&P 500 has jumped 3.4 percent since Nov. 8, while the small-cap Russell 2000 has soared 11.9 percent.
  
  Read more

• Exclusive: Chinese government money backs buyout firm’s deal for U.S. chip maker

  28-11-2016 17:08
  
  SAN FRANCISCO/NEW YORK/HONG KONG (Reuters) - Canyon Bridge Capital Partners, a buyout fund that agreed to acquire U.S.-based chip maker Lattice Semiconductor Corp for $1.3 billion earlier this month,...
  
  Read more

• Wall Street opens lower as consumer, finance stocks weigh

  28-11-2016 15:55 via news.yahoo.com
  
  U.S. stocks were lower on Monday, weighed down by financial and consumer discretionary stocks, as some investors cashed in after a record-setting week. The dollar index extended its losses on Monday, retreating from its highest levels since 2003, as U.S. Treasury yields eased from recent peaks. The dollar had been on a tear on expectations that President-elect Donald Trump's infrastructure spending plans would boost inflation.
  
  Read more

• US STOCKS-Wall St opens lower as consumer, finance stocks weigh

  28-11-2016 15:53
  
  * Time Inc jumps after report of company rejecting takeover
  bid
  
  Read more

• BRIEF-Ontario Superior Court denies Michael Koh's application for declaration in support of validity of special meeting of shareholders

  28-11-2016 15:53
  
  * Michael Koh says Ontario Superior has denied his
  application for declaration in support of validity of special
  meeting of shareholders
  
  Read more

• BRIEF-Sangoma adopts shareholder rights plan

  28-11-2016 15:52
  
  * Sangoma Technologies - Board also approved an addition to
  by-laws requiring shareholders to provide advance notice to co
  when proposing a new directorSource text for Eikon:Further company...
  
  Read more

• UPDATE 1-Kuwait plans to buy 28 Boeing F-18 jets -official

  28-11-2016 15:51
  
  KUWAIT, Nov 28 (Reuters) - Kuwait plans to buy 28 Boeing
  F-18 Super Hornets, a militaryofficial said on Monday, 10 days
  after the U.S. State Department notified Congress of the
  possible sale of 40...
  
  Read more

• BRIEF-Primeline provides update on its capital repayments schedule

  28-11-2016 15:51
  
  * Primeline Energy - China Development Bank,China Export and
  Import Bank, Shanghai Pudong Development Bank agreed to adjust
  co's capital repayments schedule
  
  Read more

• BRIEF-Patheon to acquire state-of-the-art manufacturing site

  28-11-2016 15:51
  
  * Patheon will acquire site for an immaterial sum, plus cost
  of associated inventory and spare parts
  
  Read more

• UPDATE 1-Elliott discloses stake in Cognizant, urges board shakeup

  28-11-2016 15:50
  
  Nov 28 (Reuters) - Activist investor Elliott Management Corp
  disclosed a stake of "more than 4 percent" in Cognizant
  Technology Solutions and urged the IT services provider
  to consider shaking up its...
  
  Read more

• U.S. top court rejects financier Stanford's Ponzi scheme appeal

  28-11-2016 15:44
  
  WASHINGTON, Nov 28 (Reuters) - The U.S. Supreme Court on
  Monday rejected Texas financier Robert Allen Stanford's bid to
  overturn his conviction and 110-year prison sentence for running
  what...
  
  Read more

• Zimbabweans wary of new 'bond note' dollars 

  28-11-2016 15:42 via news.yahoo.com
  
  Zimbabweans on Monday greeted their new "bond note" currency with deep suspicion that it could herald the return of hyperinflation that destroyed their savings less than 10 years ago. The country has operated mainly on US dollars since 2009, but banks and cash machines started dispersing new "bond notes" valued at the equivalent of $1 and $2. The new currency is meant to tackle the severe shortage of US dollar notes in Zimbabwe, where the economy has been in crisis for years and unemployment is
  
  Read more

• BRIEF-NDMT acquires 19 pct of shares of Lao Construction Bank

  28-11-2016 15:41
  
  Nov 28 (Reuters) - Nownews Digital Media Technology Co Ltd
  -
  
  Read more

Follow @FinanceUSA_News on Twitter!