Finance news

• French ex-PM Valls trails in left-wing TV primary debate: poll

  15-01-2017 21:32 via news.yahoo.com
  
  PARIS (Reuters) - Former French Prime Minister Manuel Valls, long a favorite to win the Socialist party ticket for this year's presidential election, was seen as having trailed other candidates in a television left-wing debate on Sunday, a flash poll showed. The Elabe poll of 1,053 people of mixed political stripe said that 29 percent had found former economy minister, Arnaud Montebourg, "more convincing" than Valls, on 26 percent in a debate among seven left-wing candidates. ...
  
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• Allianz keen on takeovers, may study big U.S. move

  15-01-2017 21:17
  
  FRANKFURT (Reuters) - Allianz is interested in takeovers, including in the United States, where the German insurer would look for big companies, chief executive Oliver Baete said in an interview to...
  
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• Davos forum chief: 'It's important to listen' to populists

  15-01-2017 16:31 via news.yahoo.com
  
  The head of the Davos economic conference says "it's important to listen to the populists" and hopes to welcome Donald Trump one day to "hear his ideas." Critics often accuse the yearly ...
  
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• Egypt says foreign investment in treasuries set to reach $10-11 bln in one year

  15-01-2017 15:20 via news.yahoo.com
  
  Foreign investment in Egyptian treasury instruments could rise to $10-$11 billion in a year's time as economic reforms buoy investor confidence, Finance Minister Amr El Garhy said on Sunday. Foreigners were significant investors in Egypt's government bonds and bills and a major source of hard currency before the 2011 uprising that overthrew autocrat Hosni Mubarak. The central bank's decision in November to abandon a peg of 8.8 Egyptian pounds per dollar and freely float the currency, which has s
  
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• Indonesia, Japan affirm deeper ties during Abe's Asian tour

  15-01-2017 14:23 via news.yahoo.com
  
  Japan and Indonesia on Sunday affirmed a deepening of economic and political ties during a visit by Japanese Prime Minister Shinzo Abe, who is using a four-nation tour of Asia to underscore his government's ...
  
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• Jordan's king reshuffles cabinet amid growing security, economic challenges

  15-01-2017 13:40 via news.yahoo.com
  
  By Suleiman Al-Khalidi AMMAN (Reuters) - Jordan's King Abdullah reshuffled his cabinet but retained Hani Mulki as prime minister on Sunday, granting him more scope to tackle the threat of Islamist militants and to press ahead with unpopular IMF-mandated reforms to cut spiraling public debt. The reshuffle, the second since the business-friendly Mulki was appointed last May, comes at a time of sluggish economic growth, poor business sentiment and concerns over Jordan's political stability followin
  
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• Martin Luther King Jr.

  15-01-2017 12:00 via yahoo.com
  King was a Baptist minister, activist, humanitarian, and civil rights leader who practiced peaceful, nonviolent civil disobedience to protest racial inequality.In 1964, King received the Nobel Peace Prize for combating racial inequality through nonviolent resistance.
  
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• Egypt's $12 bln IMF loan carries interest rate of 1.5-1.75 pct -fin min

  15-01-2017 11:24 via news.yahoo.com
  
  CAIRO (Reuters) - Egypt's $12 billion three-year loan programme from the International Monetary Fund carries an interest rate of 1.5 to 1.75 percent, Finance Minister Amr El Garhy said on Sunday. He said at a news conference that each tranche of the loan would be repaid within 10 years of disbursement with a 4.5 year grace period. The IMF approved the loan, which is linked to an ambitious economic reform programme, and paid Egypt the first $2.75 billion installment in November, but the full term
  
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• Jordan's King Abdullah reshuffles government, retains PM: state tv

  15-01-2017 11:23 via news.yahoo.com
  
  AMMAN (Reuters) - Jordan's King Abdullah on Sunday swore in a new government following a reshuffle but retained Hani Mulki as prime minister, state television reported on Sunday. The second reshuffle since Mulki was appointed last May was intended to give him more scope for economic reforms and to tackle security threats, officials said. (Reporting by Suleiman Al-Khalidi; Editing by Catherine Evans)
  
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• Unilever commits to 100 percent recyclable plastic

  15-01-2017 10:06 via news.yahoo.com
  
  Consumer goods maker Unilever said on Saturday all of its plastic packaging would be fully reusable, recyclable or compostable by 2025. The maker of Dove soap, Ben & Jerry's ice cream and Knorr soups said it would also help create a plastics protocol, to encourage similiar moves across its industry. The Ellen MacArthur Foundation (EMF), an economic research group working with Unilever, says only 14 percent of the world's plastic packaging is recycled, while 40 percent ends up in landfill and
  
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• South Korea prosecutor weighs economic impact of arrest of Samsung chief

  15-01-2017 09:15 via news.yahoo.com
  
  By Ju-min Park and Se Young Lee SEOUL (Reuters) - South Korea's special prosecutor said on Sunday it will take into account the economic impact of whether to arrest Samsung Group [SAGR.UL] leader Jay Y. Lee in connection with an influence-peddling investigation involving the president. The office also delayed by one day, until Monday, its decision on whether to seek the arrest of Lee, the third-generation leader of South Korea's largest conglomerate, or chaebol, citing the gravity of the case.
  
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• Davos elites struggle for answers as Trump era dawns

  15-01-2017 08:13 via news.yahoo.com
  
  By Noah Barkin DAVOS, Switzerland - The global economy is in better shape than it's been in years. Stock markets are booming, oil prices are on the rise again and the risks of a rapid economic slowdown in China, a major source of concern a year ago, have eased. Beneath the veneer of optimism over the economic outlook lurks acute anxiety about an increasingly toxic political climate and a deep sense of uncertainty surrounding the U.S. presidency of Donald Trump, who will be inaugurated on the fin
  
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• Robot arms replace factory hands

  15-01-2017 08:04 via news.yahoo.com
  
  Donald Trump has been crowing as companies including Ford renounce plans to move factories to Mexico. While globalisation's detractors blame countries such as China and Mexico for stealing the factory jobs of the West, experts point to less obvious culprits which are harder to scapegoat and to overcome in an interconnected economy with complex supply chains. Since US manufacturing employment peaked in the late 1970s, according to Michael Hicks of the Center for Business and Economic Research at
  
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• Britain may change 'economic model' if shut out of EU single market: Hammond

  15-01-2017 07:02 via news.yahoo.com
  
  Britain could change its economic model to regain competitiveness if it were to leave the European Union without an agreement on market access, British finance minister Phillip Hammond said in a German newspaper interview published on Sunday. In a thinly veiled threat that Britain could use its corporate tax as a form of leverage in Brexit negotiations, Hammond told Welt am Sonntag he hoped Britain would remain a European-style economy with corresponding tax and regulation systems. "But if we ar
  
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• As its boss moves to Tata HQ, investors fret over TCS future

  15-01-2017 03:36
  
  MUMBAI, Jan 15 (Reuters) - Moving the head of Tata
  Consultancy Services to the top job at Tata Sons'
  holding company fills a critical hole for the salt-to-software
  conglomerate, but it leaves another...
  
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