Finance news

• Greek PM eyes recovery as lawmakers approve budget

  10-12-2016 22:31 via news.yahoo.com
  
  Greek Prime Minister Alexis Tsipras on Saturday said the country was on the verge of economic recovery as lawmakers approved a new round of pay cuts and tax hikes for 2017. "(Next year) will be a milestone in taking the country out of crisis, and this is the first budget of optimism, growth and recovery," Tsipras told parliament. The PM said he was confident that a crucial EU-IMF reforms audit could conclude despite certain "absurd" demands.
  
  Read more

• UPDATE 3-Italy president pledges to solve government crisis fast

  10-12-2016 21:01
  
  * Foreign minister is main party's preferred candidate(Adds M5S comment)
  
  Read more

• French election's 'third man' bills himself workers' champion at big rally

  10-12-2016 20:45 via news.yahoo.com
  
  By Michel Rose PARIS (Reuters) - France's popular former economy minister, Emmanuel Macron, styling himself the workers' champion, drew 15,000 supporters to a rally in Paris on Saturday which reinforced his image as the dark horse in the race for the Elysee. The 38-year-old Macron, once a protege of President Francois Hollande, staged what his supporters called a "tour de force" at the rally, brushing off criticism by his erstwhile Socialist allies for running as an independent in the 2017 elect
  
  Read more

• UPDATE 1-Trump to name Exxon CEO Tillerson secretary of state: NBC NEWS

  10-12-2016 19:49
  
  WASHINGTON, Dec 10 (Reuters) - U.S. President-elect Donald
  Trump is expected to name the chief executive of Exxon Mobil
  Corp as the country's top diplomat, NBC News reported
  Saturday.
  
  Read more

• Advertisement

• President-Elect Trump to name Exxon CEO as secretary of state: NBC NEWS

  10-12-2016 19:33
  
  WASHINGTON, Dec 10 (Reuters) - U.S. President-elect Donald
  Trump is expected to name the chief executive of Exxon Mobil as
  the country's top diplomat, NBC News reported Saturday.
  
  Read more

• UPDATE 1-Prudential investigating Wells Fargo partnership after scandal

  10-12-2016 19:08
  
  NEW YORK, Dec 10 (Reuters) - U.S. insurer Prudential
  Financial is investigating whether Wells Fargoemployees signed up customers for its life insurance policies
  without their knowledge, a spokesman...
  
  Read more

• Sri Lanka approves 2017 budged aims to raise revenue through taxes

  10-12-2016 17:53 via news.yahoo.com
  
  Sri Lanka's coalition government on Saturday won the final vote on its 2017 budget which aims to boost revenue and cut the fiscal deficit to 4.6 percent of GDP from this year's 5.4 percent with a more than two-thirds majority. The government aims to boost its 2017 tax revenue by 27 percent to 1.82 trillion rupees ($12.36 billion) year on year, to meet a commitment given to the International Monetary Fund in return for a $1.5 billion loan in May Some opposition members backing defeated former lea
  
  Read more

• UPDATE 1-Italy politicians thrash out plans for post-crisis leader

  10-12-2016 17:50
  
  * Berlusconi calls for vote, says no to grand coalition(adds Silvio Berlusconi)
  
  Read more

• Advertisement

• Prudential investigating Wells Fargo partnership after scandal

  10-12-2016 16:42
  
  NEW YORK, Dec 10 (Reuters) - U.S. insurer Prudential
  Financial is investigating whether Wells Fargoemployees signed up customers for its life insurance policies
  without their knowledge, a spokesman...
  
  Read more

• Parties make their cases to Italy president for new leader

  10-12-2016 13:53
  
  * Interior Minister says would support a new Renzi
  government
  
  Read more

• Spain aims to raise environmental taxes to cut deficit

  10-12-2016 13:40 via news.yahoo.com
  
  Spain aims to raise 500 million euros ($528 million) through a reform of environmental taxes next year in its bid to bring down its public deficit, according to the government's revised budget plan for 2017. Spain is relying on an extended economic recovery to help it shrink its deficit to 3.1 percent of output next year from a projected 4.6 percent in 2016, but it will also need a mixture of cuts and extra revenues to meet the targets set by Brussels. The government wants to introduce new envir
  
  Read more

• UPDATE 1-Delivery Hero buys Foodpanda in sought after food delivery market

  10-12-2016 13:07
  
  FRANKFURT, Dec 10 (Reuters) - Berlin-based online food
  takeaway service Delivery Hero, one of Europe's biggest
  start-ups, will acquire competitor Foodpanda, a sign of further
  consolidation to fend...
  
  Read more

• Lawyers seek to launch fresh Brexit challenge in Irish courts

  10-12-2016 12:50 via news.yahoo.com
  
  A group of British and Irish lawyers are seeking to challenge Britain's decision to leave the European Union in the Irish High Court to try to establish if Brexit can be reversed once divorce talks have been triggered. The lawyers hope the court in Dublin will ask the European Court of Justice, the EU's highest court, to determine whether Article 50 can be revoked and also if leaving the EU means that Britain automatically leaves the European Economic Area (EEA). European Council President Donal
  
  Read more

• CORRECTED-EU bans Iran's Aseman Airlines from flying in Europe

  10-12-2016 12:17
  
  BRUSSELS, Dec 8 (Reuters) - The European Union has banned
  Iran's Aseman Airlines from operating within the EU due to
  safety concerns, in a blow to Tehran which is buying new jets to
  renew the...
  
  Read more

• CORRECTED-Delivery Hero buys Foodpanda in sought after food delivery market

  10-12-2016 11:46
  
  FRANKFURT, Dec 10 (Reuters) - Berlin-based online food
  takeaway service Delivery Hero, one of Europe's biggest
  start-ups, will acquire competitor Foodpand, a sign of further
  consolidation to fend of...
  
  Read more

• ECOWAS chair denied landing access at Gambia airport - Senegal foreign min

  10-12-2016 11:15 via news.yahoo.com
  
  The plane of the Economic Community of West African States (ECOWAS) chair Ellen Johnson Sirleaf has been denied access to Gambia's Banjul airport, Senegal's foreign minister said on independent radio on Saturday. The denial comes just as Gambia President Yahya Jammeh disputes the outcome of an election he lost on Dec. 1. The reason for the denial was unclear, as was the intended timing of the plane landing, but ECOWAS had been hoping to play a role in creating a smooth transition of power in the
  
  Read more

• French election's "third man" kicks off campaign for presidency

  10-12-2016 09:40 via news.yahoo.com
  
  By Michel Rose PARIS (Reuters) - France's popular former economy minister, Emmanuel Macron, gets his campaign for the French presidency into gear with a rally in Paris on Saturday which should mark him out as a dark horse in the race for the Elysee. The 38-year-old Macron, once a protege of President Francois Hollande, has faced strong criticism from the Socialists for deciding to stand as an independent in the 2017 election outside of the party structure. Macron, a former investment banker, wil
  
  Read more

• OPEC Secretary-General sees 'historic' deal with non-OPEC on Saturday

  10-12-2016 08:17 via news.yahoo.com
  
  VIENNA (Reuters) - OPEC Secretary-General Mohammed Barkindo said he saw a total of 12 non-OPEC countries signing a declaration with OPEC to help curtail oil output and prop up prices in the first such move since 2001. "For non-OPEC expect cuts of 600,000 barrels per day or more... This is a very historic meeting... This will boost the global economy and will help some OECD countries to reach their inflation targets," he told reporters on Saturday ahead of the meeting. (Reporting by Vladimir Sold
  
  Read more

• Venezuela orders stores to get into the Christmas spirit

  10-12-2016 07:48 via news.yahoo.com
  
  Ever since Venezuelan government agents put up a giant "Sale" sign in his storefront, crowds have been lining up outside Juan Vieira's shoe shop. Stuck in a nasty economic crisis, Venezuela is facing a Scrooge-worthy Christmas this year. Seeking to spread some cheer, President Nicolas Maduro's socialist government has set aside its distaste for consumerism and sent a small army of bureaucrats and soldiers to force more than 200 retail stores in Caracas to hold Christmas sales.
  
  Read more

• UPDATE 3-US Senate passes funding bill, Obama signs into law

  10-12-2016 07:26
  
  WASHINGTON, Dec 9 (Reuters) - The U.S. Senate passed
  legislation on Friday to fund the government through April and
  President Barack Obama promptly signed it into law, after
  Democrats who had sought...
  
  Read more

• Bursa Malaysia likely to trend higher next week

  10-12-2016 06:45 via news.yahoo.com
  
  KUALA LUMPUR: Bursa Malaysia is likely to trend higher next week on the back of better sentiment brought by the strong performance of Wall Street, which had a spillover effect on its Asian counterparts.Affin Hwang Investment Bank Vice President/Head of Retail Research, Datuk Dr Nazri Khan Adam Khan, said other than the US reaching record highs, the European Central Bank is also set to liquidate the market with a quantative easing bond buying programme for 2017. ...
  
  Read more

• CORRECTED-UPDATE 1-Ping An's overseas investments impacted by China's capital outflow crackdown-CFO

  10-12-2016 05:22
  
  * Ping An CFO sees investment opportunities in U.S. and
  Europe
  
  Read more

• US Senate passes bill to fund government through April

  10-12-2016 05:19
  
  WASHINGTON, Dec 9 (Reuters) - The U.S. Senate passed
  legislation on Friday to fund the government through April and
  sent it to President Barack Obama for signing into law, after
  Democrats who sought...
  
  Read more

• Legislation to fund US gov't through April clears procedural hurdle in Senate

  10-12-2016 04:57
  
  WASHINGTON, Dec 9 (Reuters) - A bill to fund the U.S.
  government cleared a procedural hurdle in the U.S. Senate on
  Friday and appeared poised to pass the chamber, averting a
  government shutdown.
  
  Read more

• Wall St Weekahead: Hawkish Fed a potential speed bump for stock bulls

  10-12-2016 03:34 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - Next week's Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the U.S. stock market has seen since last month's presidential election. While investors have long anticipated the Fed will raise rates at the Dec. 13-14 meeting - in what would be its first such move in a year and second in nearly a decade - the worry for some stock investors is that the Fed takes a more aggre
  
  Read more

• UPDATE 6-Ghana's opposition leader Akufo-Addo wins presidential election

  10-12-2016 03:13
  
  * Election result means third peaceful change of power since
  2000
  
  Read more

• Murdoch's Twenty-First Century Fox bids $14 billion for UK's Sky

  10-12-2016 02:10
  NEW YORK/LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox Inchas struck a preliminary deal to buy the 61 percent of British pay-TV firm Sky Plcit does not already own for around $14...
  
  Read more

• Aetna CEO defends merger with Humana in antitrust trial

  10-12-2016 02:06
  WASHINGTON (Reuters) - Aetna Inc'schief executive denied on Friday that its withdrawal from some Obamacare exchanges was in retaliation for government efforts to halt its merger with Humana Inc ,...
  
  Read more

• U.S. regulator launches hotline for ex-Wells Fargo bankers fired during scandal

  10-12-2016 01:22
  
  NEW YORK (Reuters) - A private U.S. regulator launched a hotline on Friday to hear from ex-Wells Fargo & Co employees who were fired for allegedly opening unauthorized accounts after news reports...
  
  Read more

• Investors in delisted oil ETNs sell, but at a price

  10-12-2016 01:22
  
  NEW YORK (Reuters) - Investors are paying a price for not finding buyers for popular exchange-traded notes (ETN), used to bet on oil prices, that delisted from U.S. exchanges this week.
  
  Read more

• Cornerstone OnDemand to consider sale under investor pressure: Bloomberg

  10-12-2016 01:21
  (Reuters) - Santa Monica-based Cornerstone OnDemand Inchas received approaches from potential buyers as shareholders including Praesidium Investment Management push the company to run a formal...
  
  Read more

• Exclusive: Reinsurer Beechwood explores sale after Platinum woes - source

  10-12-2016 01:07
  NEW YORK (Reuters) - The Beechwood group of reinsurance companies is in talks to sell most or all of itself after a backlash from some clients due to its relationship with troubled hedge fund manager...
  
  Read more

• Dallas pension fund halts payments following mayor's lawsuit

  10-12-2016 01:00
  
  Dec 9 (Reuters) - The Dallas Police and Fire Pension
  System's board has halted withdrawals from a deferred retirement
  plan following a lawsuit by the city's mayor, who claimed
  withdrawals were...
  
  Read more

• In Sky deal, Murdochs shield Fox from sagging U.S. ad market

  10-12-2016 00:48
  (Reuters) - Twenty-First Century Fox Inc'splan to buy the remaining stake in Sky Plcfurther insulates the Murdoch family-owned media company from a U.S. television advertising market roiled by...
  
  Read more

• BRIEF-Stone Energy Corp says extensions to restructuring support agreement

  10-12-2016 00:28
  
  * Stone Energy Corp - extensions to a restructuring support
  agreement, a purchase and sale agreement and a credit agreement
  
  Read more

• Credit Suisse lowers hurdle to redeem delisted oil ETNs

  10-12-2016 00:03
  
  NEW YORK (Reuters) - Credit Suisse on Friday said it would lower investors' hurdle to redeeming two popular exchange-traded notes, used to bet on the price of oil, after it delisted the products in a...
  
  Read more

Follow @FinanceUSA_News on Twitter!