Finance news

• Major US stock indexes close slightly lower; oil price slips

  29-12-2016 22:41 via news.yahoo.com
  A day of quiet trading on Wall Street ended Thursday with major U.S. stock indexes posting slight losses for the second day in a row. Banks and energy companies led the slide, while high-dividend stocks ...
  
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• Wall Street edges down as bank shares weigh

  29-12-2016 22:24 via news.yahoo.com
  
  U.S. equities have stalled in recent days after rallying in the wake of Donald Trump's Nov. 8 election as U.S. president. Investors are betting on benefits from Trump's plans to cut taxes and regulations and introduce fresh economic stimulus. Now the market is at fair value and now it is: 'What is going to come next?'" said Scott Wren, senior global equity strategist at Wells Fargo Investment Institute in St. Louis.
  
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• Wall St. edges lower as bank shares fall

  29-12-2016 22:04 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street closed slightly lower on Thursday as bank shares declined in quiet holiday trading as traders looked to position for the new year.
  
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• Twitter CEO Jack Dorsey asks Twitter for help with his two jobs

  29-12-2016 21:45 via news.yahoo.com
  
  Jack Dorsey is one of the guys who founded Twitter. He's also the guy who cofounded payment company Square. The 40-year-old entrepreneur is heralded as the product visionary for the two Silicon Valley startups, and he currently presides as CEO of both.  SEE ALSO: Trump didn't invite Twitter's CEO to Trump Tower tech summit Clearly, Dorsey has a lot to juggle. So Thursday afternoon, he took to Twitter to ask for help in the footsteps of Airbnb CEO Brian Chesky, who did the same thing on Chri
  
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• Bank stocks fall, defensive shares firm as Wall St. treads water

  29-12-2016 20:59 via news.yahoo.com
  
  U.S. equities have paused in recent days, after rallying in the wake of Donald Trump's Nov 8 election as U.S. president as investors bet on benefits from his plans to cut taxes and regulations and introduce fresh economic stimulus. The Dow Jones Industrial Average fell 1.27 points, or 0.01 percent, to 19,832.41, the S&P 500 gained 0.14 points, or 0.01 percent, to 2,250.06 and the Nasdaq Composite dropped 12.67 points, or 0.23 percent, to 5,425.88.
  
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• Peabody extends debt deadline amid creditor support

  29-12-2016 19:34
  
  WILMINGTON, Del. (Reuters) - Peabody Energy Corp said on Thursday it extended a deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy amid...
  
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• UPDATE 2-Peabody extends debt deadline amid creditor support

  29-12-2016 19:33
  
  WILMINGTON, Del., Dec 29 (Reuters) - Peabody Energy Corp
  said on Thursday it extended a deadline for creditors to join
  financing deals aimed at bringing the largest U.S. coal miner
  out of bankruptcy...
  
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• Tech, bank stocks set Wall Street for second day of losses

  29-12-2016 19:13 via news.yahoo.com
  
  U.S. stocks slipped on Thursday and were headed for a second day of losses as bank and technology stocks came under pressure. The S&P 500 financial index dropped 1.01 percent, after having risen nearly 20 percent in 2016. U.S. equities had been enjoying a rally ever since Donald Trump was elected president in November on bets that the economy would benefit from his plans to introduce tax cuts, deregulation and higher infrastructure spending.
  
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• Tech, bank stocks set Wall St. for second day of losses

  29-12-2016 19:13 via news.yahoo.com
  
  The S&P 500 financial index dropped 1.01 percent, after having risen nearly 20 percent in 2016. U.S. equities had been enjoying a rally ever since Donald Trump was elected president in November on bets that the economy would benefit from his plans to introduce tax cuts, deregulation and higher infrastructure spending. The S&P 500 index suffered its biggest one-day percentage drop on Wednesday, following weak housing data and losses in the technology sector.
  
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• This app wants to help you invest in companies that align with your morals

  29-12-2016 18:52 via news.yahoo.com
  
  Keeping track of which companies are under investigation, which invest in fossil fuels and which dodged taxes can be tough for a new investor.  Shape, a new iOS app founded in the United Kingdom, wants to help new people navigate the complex ethical terrain of investing.  Founded by an investment banker and a computer science alum, the app allows potential investors to look up companies they're interested in and see what ethical quandaries those firms are involved in.  Investors c
  
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• Exclusive: J&J discussing breaking up Actelion in an acquisition - sources

  29-12-2016 18:36
  
  (Reuters) - Johnson & Johnsonis negotiating a deal to acquire Swiss biotechnology company Actelion Ltdthat would separate its commercialized portfolio from its research and development assets,...
  
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• Peabody extends financing deadlines after creditor lawsuit

  29-12-2016 18:17
  
  WILMINGTON, Del., Dec 29 (Reuters) - Peabody Energy Corp
  said on Thursday the deadline for creditors to join financing
  deals aimed at bringing the largest U.S. coal miner out of
  bankruptcy had been...
  
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• Bank stocks weigh on shares; Dow backs further from 20,000

  29-12-2016 17:48 via news.yahoo.com
  
  As in Europe, financial stocks, which have seen a tremendous run since the U.S. presidential election on the back of higher interest rates, were exerting the greatest downward pressure as bond yields retreated further from their recent highs. "It's really investor malaise," said Alan Lancz, president, Alan B. Lancz & Associates Inc, an investment advisory firm in Toledo, Ohio. The stall on Wall Street put yet more distance between the blue chip Dow Jones Industrial Average and the much-vaunt
  
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• What it means if Trump names China a currency manipulator

  29-12-2016 17:45 via news.yahoo.com
  
  President-elect Donald Trump has vowed to name China a currency manipulator on his first day in the White House. There's only one problem - it's not true anymore. China, the world's second-biggest economy ...
  
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• Wall Street flat as bank stocks dent healthcare gains

  29-12-2016 17:43 via news.yahoo.com
  
  U.S. stocks gave up early gains and were little changed in light trading on Thursday as weakness in financials offset gains in healthcare companies. U.S. equities had been enjoying a rally since the presidential election in November on bets that Donald Trump would introduce tax cuts, deregulation and higher infrastructure spending that would spur economic growth. The near two-month rally has seen the three main Wall Street indexes rack up double-digit percentage gains, but has left some market p
  
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• New PM Gentiloni aims to unite 'lacerated' Italy

  29-12-2016 17:43 via news.yahoo.com
  
  By Giselda Vagnoni ROME (Reuters) - Italy's new prime minister, Paolo Gentiloni, said on Thursday that he aimed to restore unity and cohesion following a divisive referendum, and continue the economic reforms begun by his predecessor, Matteo Renzi. Speaking at the prime minister's traditional year-end news conference, Gentiloni, 62, who took office less than three weeks ago, said he would try "to mend the many lacerations that are threatening our social fabric and our cohesion". The former forei
  
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• U.S. goods trade deficit widens; labor market near full strength

  29-12-2016 16:47 via news.yahoo.com
  
  A drop in U.S. exports last month pushed the country's trade deficit in goods higher while the number of Americans filing for unemployment benefits fell last week in a positive sign for the labor market. The two reports released on Thursday suggested that when Donald Trump becomes America's president next month, the labor market will likely be at roughly full strength and international trade could be weighing on the economy. In an initial estimate that does not include trade in services, the Com
  
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• European stocks dip after London's 'Santa Rally'

  29-12-2016 16:20 via news.yahoo.com
  
  European stock markets fell Thursday as investors cashed in their profits one day after a so-called "Santa Rally" propelled London to a record peak.
  
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• Long-term US mortgage rates rise, staying near 2014 highs

  29-12-2016 16:00 via news.yahoo.com
  
  WASHINGTON (AP) — Long-term US mortgage rates ticked up again this week, staying at their highest levels since early 2014.
  
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• Strong data, health stocks lead Wall St. higher

  29-12-2016 15:56 via news.yahoo.com
  
  U.S. equities had been enjoying a rally since the presidential election in November on bets that Donald Trump would introduce tax cuts, deregulation and higher infrastructure spending that would spur economic growth. The near two-month rally has seen the three main Wall Street indexes rack up double-digit percentage gains, but has left some market participants nervous about a potential correction. The S&P 500 index suffered its biggest one-day percentage drop on Wednesday, following weak hou
  
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• Goods trade deficit widens; labor market near full strength

  29-12-2016 15:09 via news.yahoo.com
  
  A drop in U.S. exports last month pushed the country's trade deficit in goods higher while the number of Americans filing for unemployment benefits fell last week in a positive sign for the labor market. The two reports released on Thursday suggested that when Donald Trump becomes president next month, the labor market will likely be at roughly full strength and international trade could be weighing on the economy. In an initial estimate that does not include trade in services, the Commerce Depa
  
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• Wall St. set to open little changed

  29-12-2016 14:53 via news.yahoo.com
  
  U.S. equities had been enjoying a rally since the presidential election in November on bets that Donald Trump would introduce tax cuts, deregulation and higher infrastructure spending that would spur economic growth. The near two-month rally has seen the three main Wall Street indexes rack up double-digit percentage gains, but has left some market participants nervous about a potential correction. The S&P 500 index suffered its biggest one-day percentage drop on Wednesday, following weak hou
  
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• GRAPHIC-Markets in 2016 - the winners and losers

  29-12-2016 14:17
  
  LONDON, Dec 29 (Reuters) - Oil's plunge to its lowest in
  over a decade and fears over China's economy hammered global
  commodity markets and share prices earlier this year, but
  investors who held...
  
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• BRIEF-Remark Media to provide AI technologies to Alibaba unit

  29-12-2016 14:09
  
  * Remark media -chosen by Alibaba Cloud, cloud computing
  arm of alibaba group, to provide artificial intelligence
  technologies to Alibaba cloud's developer networkSource text for Eikon:Further...
  
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• BRIEF-Photon Control announces normal course issuer bid

  29-12-2016 14:08
  
  * Photon Control Inc - ON January 4, 2017, company may
  commence making purchases of up to a maximum of 5.4 million
  common shares
  
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• Italy criticizes ECB over Monte Paschi capital decision

  29-12-2016 13:56 via news.yahoo.com
  
  MILAN/FRANKFURT (Reuters) - The European Central Bank should have explained more clearly why it nearly doubled its estimated capital shortfall for the ailing Monte dei Paschi di Siena bank, which is being bailed out by the state, Italy's economy minister said. In unusually critical comments of the euro zone's single banking supervisor, Pier Carlo Padoan said in a newspaper interview the ECB's new capital target was the result of a "very rigid stance" in its assessment of the bank's risk profile.
  
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• Dow's 20,000 barrier, weak European banks dent stocks

  29-12-2016 13:38 via news.yahoo.com
  
  The yield on 10-year U.S. Treasury notes slipped to a two-week low as the bond market sell-off fizzled, pulling the dollar to a two-week low against the yen. "European stock markets are slightly down after weaker than expected U.S. data yesterday weighed on global sentiment and sent the dollar down," Action Economics analysts wrote in a note to clients.
  
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• Britain's FTSE steadies near highs in thin trading

  29-12-2016 13:28
  
  LONDON, Dec 29 (Reuters) - Britain's top share index
  steadied in thin holiday trading on Thursday after setting a
  record closing high in the previous session, with miners coming
  under pressure...
  
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• Global stocks edge lower after Wall Street's slide

  29-12-2016 13:18 via news.yahoo.com
  
  Global stocks mostly fell in thin trading Thursday, taking their cues from a slide on Wall Street. KEEPING SCORE: France's CAC 40 lost 0.1 percent to 4,841, while Germany's DAX fell 0.2 percent to 11,447. ...
  
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• Over 40% of Toshiba's stock market value wiped out in three days

  29-12-2016 13:06 via news.yahoo.com
  
  The Japanese industrial and technology giant Toshiba has seen more than 40% of its stock market value wiped off since Monday (26 December), after the company warned that its US nuclear business may be worth less than previously thought. Earlier in the week, Toshiba revealed that it is facing the prospect of a hefty one-off loss at its US nuclear industry subsidiary Westinghouse Electric, which it bought in 2006. A spokesman for Toshiba said the size of the writedown at Westinghouse Electric migh
  
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• UPDATE 1-Italian bond yields hold near two-week lows after auction test

  29-12-2016 13:02
  
  LONDON, Dec 29 (Reuters) - Italian government bond yields
  held near two-week lows on Thursday after the country's
  borrowing costs fell at the final auction of the year, in a sign
  of resilient demand...
  
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• China fines 605 power plants 328 million yuan for environmental breaches

  29-12-2016 12:43 via news.yahoo.com
  
  Companies running 605 Chinese coal-fired power plants have been fined a total of 328 million yuan ($47 million) by the country's economic planning agency for breaching environmental rules and falsifying data to claim green subsidies. Excessive levels of pollutants such as sulfur dioxide, nitrogen oxide and dust were released by the power plants in question, the National Development and Reform Commission (NDRC) said on Wednesday. A subsidiary of China's power giant Shenhua Group [SHGRP.UL] was fi
  
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• Dollar slips to two-week low vs. yen as Treasury yields fall

  29-12-2016 12:33 via news.yahoo.com
  
  The dollar slipped to a two-week low against the yen on Thursday, mirroring a fall in U.S. bond yields as weaker-than-expected economic data weighed on the greenback and waning risk appetite boosted Japan's safe-haven currency. Japan's Nikkei stock index - which tends to move in the opposite direction to the yen - shed 1.3 percent as Toshiba Corp dived 16 percent after news of potential massive writedowns led to a downgrade of its credit ratings. The dollar dipped 0.8 percent to 116.30 yen .
  
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• BRIEF-Sears Holdings announces secured standby letter of credit facility

  29-12-2016 12:19
  
  * Sears Holdings Corp - lc facility will allow company to
  request standby letters of credit in an initial amount of up to
  $200 million
  
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• UPDATE 1-SEC investigates banks that sold Mozambique's "tuna bond" - WSJ

  29-12-2016 12:05
  
  MAPUTO, Dec 29 (Reuters) - The U.S. Securities and Exchange
  Commission (SEC) is investigating the sale of $850 million in
  bonds issued by Mozambique by Credit Suisse, Russia's
  VTB Group and BNP...
  
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• China to increase fiscal spending, cut taxes in 2017: ministry

  29-12-2016 12:01 via news.yahoo.com
  
  China will appropriately increase fiscal spending in 2017 and continue with policies to reduce taxes and fees, the finance ministry said on Thursday after a meeting to set next year's agenda. "Make fiscal policy more proactive and effective, continue policies to reduce taxes and fees, appropriately expand fiscal spending, support the economy to operate within a reasonable range," finance minister Xiao Jie said. Xiao also said China would strengthen local government debt management and continue w
  
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• CEE MARKETS-Leu hits new lows on worries over Romania's budget

  29-12-2016 11:48
  
  * Leu is near its weakest level since March 2014* Romania moves closer to new government, budget still a
  worry* Croatian kuna hits 9-month low after central bank sells it By Sandor...
  
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• Implementing Italy bank decree will be long and complicated - PM Gentiloni

  29-12-2016 11:47
  
  ROME, Dec 29 (Reuters) - Implementing an emergency decree to
  prop up Italy's struggling banks will be a long and complicated
  process, Prime Minister Paolo Gentiloni said on Thursday.
  
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• Bombardier signs 300-train deal with Austrian Federal Railways

  29-12-2016 11:29
  
  (Reuters) - Bombardier Incsaid on Thursday it had signed a deal to deliver up to 300 Talent 3 trains to the Austrian Federal Railways for about 1.8 billion euros ($1.9 billion) at list prices.
  
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• Japan's Nomura sees opportunities from Trump's pro-business agenda

  29-12-2016 11:13 via news.yahoo.com
  
  Nomura Holdings Inc sees opportunities in the pro-business stance of U.S. president-elect Donald Trump, though his protectionist tilt brings uncertainty to the global economy, said the chief of Japan's biggest brokerage and investment bank. Japanese shares have gained since the New York billionaire's Nov. 8 election, spurred by Wall Street where investors are betting Trump's support of deregulation and infrastructure spending could boost the U.S. economy. "The market expects business and economy
  
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• EMERGING MARKETS-Dollar retreat lifts emerging assets; rouble near 14-mth high

  29-12-2016 11:06
  
  LONDON, Dec 29 (Reuters) - A dollar retreat helped emerging
  stocks rise to 10-day highs on Thursday and currencies
  strengthened, led by the rouble which appeared on the cusp of
  breaking under 60 per...
  
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• GLOBAL MARKETS-Dow's 20,000 barrier, weak European banks dent stocks

  29-12-2016 10:49
  
  LONDON, Dec 29 (Reuters) - European shares, the dollar and
  bond yields fell on Thursday, with traders using the quiet
  holiday period to book some profit on the rise that had lifted
  all three to...
  
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• UK house prices rise in December, slowdown likely in 2017 - Nationwide

  29-12-2016 10:40 via news.yahoo.com
  
  British house prices rose faster than expected in December, but the pace of growth is likely to slow in 2017 amid uncertainty about economic developments, mortgage lender Nationwide said on Thursday. Britain's property market slowed immediately after the vote in June to leave the European Union, but since then the economy has fared better then many economists expected and house prices have continued to rise. Nationwide reiterated a forecast that house prices are likely to grow by around 2 percen
  
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• Tokyo slumps as yen strengthens, Toshiba plunges again

  29-12-2016 09:59 via news.yahoo.com
  
  Tokyo slumped Thursday as the yen strengthened against the dollar while Toshiba's stock plunged for the third straight day. Overall, Japanese stocks saw their biggest drop in more than a month Thursday after a 1.3 percent fall, following a negative lead from Wall Street and the yen climbing more than one percent against the greenback. Other major markets were mixed, with Hong Kong edging up and Shanghai drifting marginally lower by the close.
  
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• Italian bond yields fall to two-week low before auction test

  29-12-2016 09:47
  
  LONDON, Dec 29 (Reuters) - Italy's borrowing costs fell to
  two-week lows on Thursday beforea final bond auction of the
  year seen as a test of investor appetite for Italian debt as the
  country...
  
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• Global stocks mostly fall after Wall Street's slide

  29-12-2016 09:45 via news.yahoo.com
  
  Global shares mostly fell in thin trading Thursday, taking their cues from a slide on Wall Street. A stronger yen helped send Japanese stocks lower. KEEPING SCORE: France's CAC 40 lost 0.5 percent to 4,822.78 ...
  
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• Tokyo follows Wall Street down as Toshiba stocks plunge again

  29-12-2016 09:05 via news.yahoo.com
  
  Tokyo followed Wall Street lower Thursday and US crude oil edged down from recent highs as Toshiba's stock plunged for the third straight day. Other major markets were mixed with Hong Kong essentially flat and Shanghai drifting marginally lower by the close. Earlier, the Dow had receded after nearing the historic 20,000 benchmark with shares of some banks falling more than one percent after the stock prices had won outsized gains in the rally seen since US election day.
  
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• Four stocks to watch in 2017

  29-12-2016 09:00 via news.yahoo.com
  
  Secondly, two of these shares outperformed the UK stock market, which has gained 14% over the year to date. Only the UK Property ETF has been somewhat disappointing. Shire is a large UK-listed pharmaceutical company that makes a number of prescription drugs for conditions such as Adderall XR and Vyvanse for Attention Deficit Hyperactivity Disorder (ADHD).
  
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• JGBs firm as investors await BOJ's January purchase plans

  29-12-2016 08:36
  
  TOKYO, Dec 29 (Reuters) - Japanese government bonds firmed
  on Thursday, getting a lift from stronger U.S. Treasuries, as
  investors geared up for the long New Year's holiday and awaited
  details of the...
  
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• UK house prices rise in December - Nationwide

  29-12-2016 08:30 via news.yahoo.com
  
  British house prices rose more than expected in December, although economic uncertainty looks likely to curb the pace of growth in 2017, mortgage lender Nationwide said on Thursday. Nationwide repeated its forecast that house prices are likely to rise by around 2 percent in 2017, although that would depend on how the economy fares. "Low interest rates are expected to help underpin demand while a shortage of homes on the market will continue to provide support for house prices," said Nationwide c
  
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