Finance news

• Venezuelans defy Colombia border ban, unrest continues

  17-12-2016 22:47 via news.yahoo.com
  
  By Anggy Polanco SAN CRISTOBAL, Venezuela (Reuters) - Hundreds of Venezuelans jumped barriers to defy their government's closure of the Colombian border on Saturday while looting and protests continued due to a cash shortage, causing pre-Christmas chaos. The unrest began on Friday following this week's surprise pulling from circulation of Venezuela's largest denomination note, 100 bolivars, before replacement bills were available. The move left Venezuelans flooding banks to deposit or swap their
  
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• Actor DiCaprio says climate action is U.S.'s 'biggest economic opportunity'

  17-12-2016 19:11 via news.yahoo.com
  
  By Megan Rowling NEW YORK (Thomson Reuters Foundation) - Tackling climate change is the "biggest economic opportunity" in the history of the United States, no matter who holds political office, said Hollywood star and environmental activist Leonardo DiCaprio. "There are a few, very prominent people that still deny the overwhelming conclusions of the world's scientists that climate change is largely human-caused and needs immediate urgent attention," he told a U.N. awards ceremony on Friday eveni
  
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• Bank of Canada's Poloz frets about protectionism: report

  17-12-2016 17:52 via news.yahoo.com
  
  Bank of Canada Governor Stephen Poloz said rising global protectionism could drive up the cost of goods and cause job loss, but dismissed the conclusion that Canadian exports will suffer under a Trump administration. In a year-end interview with the Globe and Mail newspaper, Poloz said the rise in protectionism began long before the U.S. election that brought Republican Donald Trump to power. Canada is dependent on global supply chains, and if the links between companies are hurt by anti-trade s
  
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• Zimbabwe's Mugabe confirmed as ruling party candidate for 2018

  17-12-2016 16:39 via news.yahoo.com
  
  By MacDonald Dzirutwe MASVINGO, Zimbabwe (Reuters) - Zimbabwean President Robert Mugabe was confirmed on Saturday as his party's sole candidate for the next presidential election in 2018, when he will be 94. Supporters at a party conference sang a song titled "Mugabe should rule until eternity" as the veteran leader rose to give a speech in which he called for an end to infighting within the ruling ZANU-PF over his eventual successor. Mugabe, the only ruler that the southern African nation has k
  
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• African Development Bank approves 770 mln euro loan for Ivory Coast

  17-12-2016 08:33 via news.yahoo.com
  
  The board of the African Development Bank (AfDB) has approved a 770 million euro ($805 million) loan for Ivory Coast for road upgrades in the commercial capital Abidjan, the bank said on Friday. "The project ... will allow for an improvement in traffic flow, reduce road accidents, reinforce urban management (and) improve air quality," said Amadou Oumarou, the bank's director for transportation. Ivory Coast, French-speaking West Africa's largest economy, has invested heavily in infrastructure sin
  
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• Sri Lanka says it secures $1.34 bn World Bank loan

  17-12-2016 07:13 via news.yahoo.com
  
  Sri Lanka has secured $1.34 billion in loans from the World Bank to boost the cash-strapped island's economy over the next three years, the finance ministry said on Saturday. "This is a great victory for us and it will help us in the fiscal consolidation programme that the new government has started," Finance Minister Ravi Karunanayake said. There was no immediate comment from the World Bank.
  
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• Protests flare over Venezuela cash chaos; three deaths reported

  17-12-2016 05:37 via news.yahoo.com
  
  By Anggy Polanco and Maria Ramirez EL PINAL/CIUDAD GUAYANA, Venezuela (Reuters) - Protests and looting broke out in parts of Venezuela on Friday due to a lack of cash after the socialist government suddenly pulled the nation's largest banknote from circulation in the midst of a brutal economic crisis. Waving the now-worthless 100-bolivar bills, pockets of demonstrators blocked roads, demanded that stores accept the cash, and cursed President Nicolas Maduro in a string of towns and cities around
  
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• Japan's Idemitsu to buy 33 percent of Showa Shell by year-end: Nikkei

  17-12-2016 04:19
  
  TOKYO (Reuters) - Japanese refiner Idemitsu Kosan Cowill acquire one-third of Showa Shellby the end of the year, and the anti-monopoly watchdog is expected to approve their merger proposal as...
  
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• Tax accounting software firm Avalara prepares IPO: sources

  17-12-2016 02:34
  
  (Reuters) - U.S. tax accounting software company Avalara Inc has interviewed banks to help prepare for an initial public offering (IPO) that could come in 2017 and value the company at roughly $1...
  
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• Airbnb seeks to raise an additional $153 million

  17-12-2016 02:33
  
  SAN FRANCISCO (Reuters) - Airbnb Inc is looking to raise an additional $153 million as an extension of a recent funding round, boosting its coffers as the company pushes forward with global expansion.
  
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• Carestream Health wins $571 million U.S. defense contract: Pentagon

  17-12-2016 02:08
  
  WASHINGTON (Reuters) - Carestream Health Inc, a unit of Onex Corp , has been awarded a $571 million U.S. defense contract for radiology systems, accessories and training, the Pentagon said in a...
  
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• Onex acquires Parkdean Resorts for £1.35 billion

  17-12-2016 01:57
  
  (Reuters) - Private equity firm Onex Corpsaid on Friday it has agreed to acquire caravan holiday parks operator Parkdean Resorts for £1.35 billion (C$2.25 billion).
  
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• FBI agent leaked insider trading probe involving gambler, pro golfer: U.S.

  17-12-2016 00:52 via news.yahoo.com
  
  U.S. prosecutors said on Friday that an FBI agent had confessed to being a "significant source" of leaks to journalists covering an insider trading probe involving a famed Las Vegas sports gambler as well as professional golfer Phil Mickelson. Federal prosecutors in Manhattan, who are pursuing the case against gambler William "Billy" Walters, said in a letter filed in Manhattan federal court that the agent had admitted to being a source for The Wall Street Journal and The New York Times.
  
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