Finance news

• U.S. blocks health insurer Aetna's $34 billion Humana acquisition

  23-01-2017 23:50
  
  (Reuters) - A U.S. judge blocked on Monday health insurer Aetna Inc's proposed $34 billion acquisition of smaller peer Humana Inc, raising the stakes for rival Anthem Inc as it battles to close a $54...
  
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• Trump torpedoes Pacific trade pact

  23-01-2017 23:14 via news.yahoo.com
  
  President Donald Trump yanked the United States out of a major Pacific trade deal Monday, making good on an election campaign promise and delivering a hammer blow to Asian allies. Trump said he had "terminated" the Trans-Pacific Partnership -- a trade deal binding the United States, Australia, Canada, Japan, Vietnam and seven other allies against growing Chinese economic clout. Together, TPP members represent 40 percent of the world economy.
  
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• TSX falls on U.S. protectionism risk, lower oil prices

  23-01-2017 23:08 via news.yahoo.com
  
  By Fergal Smith TORONTO (Reuters) - Canada's main stock index fell on Monday, pressured by lower oil prices and risk of a more protectionist United States under its new president, Donald Trump. The Toronto Stock Exchange's S&P/TSX composite index reached a more than two-year high earlier this month, helped by an agreement in November by major oil producers to cut output and by prospects of U.S. economic stimulus. "I think there is a recalibration here as we get a sense of what this is going
  
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• Dollar, stocks hit by Trump's protectionist stance

  23-01-2017 22:32 via news.yahoo.com
  
  The U.S. dollar fell to a seven-week low against a basket of other major currencies on Monday and global stock markets were shaky over investor concerns about protectionist rhetoric by U.S. President Donald Trump. U.S. Treasury yields slipped, with benchmark yields posting their biggest one-day drop in more than two weeks and gold rallied as demand for safe-haven assets was boosted by Trump's stance on trade. On Monday, Trump told U.S. manufacturing executives he would impose a hefty border tax
  
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• Wall Street dips on Trump protectionism, Qualcomm drag

  23-01-2017 22:28 via news.yahoo.com
  
  U.S. stocks edged lower on Monday as early moves by President Donald Trump highlighting a protectionist stance on trade gave investors cause to rethink the post-election rally. In his latest executive order, Trump signed to formally withdraw the United States from the 12-nation Trans-Pacific partnership trade deal. Trump has also vowed to renegotiate the North American Free Trade Agreement (NAFTA) with leaders of Canada and Mexico.
  
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• Here’s How Inflation Could Suck the Wind Out of Trump’s Economy

  23-01-2017 22:25 via news.yahoo.com
  
  Don't look now, but Federal Reserve officials could actually have a problem with price inflation on their hands — something they've been trying to encourage, via ultra-low interest rates and multiple bond buying programs, for years. The only problem: The signs of inflation have emerged now that Wall Street has grown addicted to a dovish Fed. A hawkish turn now, which the Fed has been threatening since the surprise election of Donald Trump boosted hopes of fiscal stimulus and economic growt
  
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• Italy's Generali buys three percent of Italian bank Intesa in defensive move

  23-01-2017 21:50
  
  MILAN (Reuters) - Assicurazioni Generalisaid on Monday it had bought voting rights equal to 3.01 percent of Intesa Sanpaolo'sshare capital, effectively blocking the lender from acquiring a large...
  
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• Mexico's Jose Cuervo plans to raise up to $1 billion in February IPO: sources

  23-01-2017 21:47
  
  MEXICO CITY (Reuters) - Jose Cuervo, the world's biggest tequila producer, is planning a Feb. 8 pricing for its delayed initial public offering (IPO) in a bid to raise up to $1 billion, two sources...
  
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• Hedge Funds Hit $3 Trillion, but Some Investors Are Headed for the Door

  23-01-2017 21:23 via news.yahoo.com
  
  The stock market rally since the election has pushed the value of hedge fund assets to a record level, despite sustained withdrawals from investors. Total hedge fund capital passed $3 trillion in the fourth ...
  
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• Brazil's CPFL stake handover to State Grid to trigger minority buyout: source

  23-01-2017 20:43
  
  SAO PAULO (Reuters) - Former shareholders of Brazil's CPFL Energia SAhave handed over ownership of their stakes to State Grid Corp of China on Monday, which will automatically trigger a buyout of...
  
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• Wall Street dips as investors turn defensive

  23-01-2017 20:39 via news.yahoo.com
  
  U.S. stocks declined on Monday to put the S&P 500 on track for its worst session of the year as early signals from President Donald Trump highlighting a protectionist stance on trade put investors on the defensive. In his latest executive order, Trump signed to formally withdraw the United States from the 12-nation Trans-Pacific partnership trade deal. Trump has also vowed to renegotiate the North American Free Trade Agreement (NAFTA) with leaders of Canada and Mexico.
  
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• Trump's exit from Pacific trade deal opens door for Germany: Gabriel

  23-01-2017 20:02 via news.yahoo.com
  
  German industry would take advantage of any trade opportunities in Asia and South America left by a protectionist United States, Vice Chancellor Sigmar Gabriel said on Monday, after President Donald Trump withdrew from the Trans-Pacific Partnership (TPP). In an interview with the Handelsblatt newspaper to appear on Tuesday, he said, "If Trump starts a trade war with Asia and South America, it will open opportunities for us." "Trump must simply recognize that the U.S. economy often isn't competit
  
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• Court revives investor suit vs. ETP over $11 billion pipeline deal

  23-01-2017 19:37
  
  WILMINGTON, Del. (Reuters) - A Delaware court revived an investor lawsuit against Energy Transfer Partnersover its $11 billion acquisition of Regency Energy Partners in a case focused on...
  
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• Snapchat Discover is cracking down on sex, clickbait and fake news

  23-01-2017 19:21 via news.yahoo.com
  
  Snapchat doesn't need your clickbait. The mobile storytelling platform, once popularized as a sexting app, is cracking down on sexually explicit and deceptive content within Discover, the publisher section of the app, the company announced Monday.  SEE ALSO: Snapchat makes biggest move yet in becoming the new TV Snap Inc., Snapchat's parent company, unveiled new content guidelines that "prohibit sensitive content, including profanity, overly sexualized content, and violent content" from cov
  
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• Wall Street turns defensive on Trump's protectionist stance

  23-01-2017 19:03 via news.yahoo.com
  
  The S&P 500 was on track for its worst day this year as President Donald Trump's protectionist stance on trade sent investors scurrying for safe-haven assets on Monday. In his latest executive order, Trump signed to formally withdraw the United States from the 12-nation Trans-Pacific partnership trade deal. Earlier in the day, Trump met with a dozen prominent American manufacturers at the White House and said he would slash regulations and cut corporate taxes to boost the economy.
  
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• New chief executive and new funds for value mavens GMO

  23-01-2017 18:43
  
  The money manager is starting its 40th anniversary year with a bang
  
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• Trump moves to withdraw from TPP trade pact

  23-01-2017 18:28 via news.yahoo.com
  
  President Donald Trump moved Monday to pull the United States out of the Trans-Pacific Partnership, making good on a pledge to scrap a deal he denounced as a "job killer" and a "rape" of US interests. Embarking on his first full week in office, the 45th US president began rolling out his policy agenda after a tumultuous first weekend for his administration by signing a series of executive orders. Among the first was a memo on withdrawing from the vast TPP trade pact, which aimed to set trade rul
  
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• France's Fillon tells Merkel Russia sanctions are pointless

  23-01-2017 18:13 via news.yahoo.com
  
  By Sophie Louet BERLIN (Reuters) - European Union sanctions on Russia are pointless, the frontrunner in France's presidential election Francois Fillon said on Monday in Berlin, warning Russia and the United States under Donald Trump could forge links that exclude the EU. Speaking after meeting German Chancellor Angela Merkel, the conservative candidate said the EU was "despised by major powers" because of its divisions and must better defend its economic interests.
  
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• Canada PM Trudeau to meet top Trump aide Kushner to talk NAFTA

  23-01-2017 18:00 via news.yahoo.com
  
  By David Ljunggren CALGARY, Alberta (Reuters) - A top adviser to U.S. President Donald Trump will meet with advisers to Canadian Prime Minister Justin Trudeau this week as his Liberal government gathers to plan a response to a possible renegotiation of the NAFTA trade accord. Jared Kushner, Trump's son-in-law, will travel to Calgary, Alberta, where the Canadian cabinet is meeting on a two-day retreat, according to a source, who requested anonymity given the sensitivity of the matter. Trump's vow
  
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• Dollar, stocks slide on Trump's protectionist stance

  23-01-2017 17:59 via news.yahoo.com
  
  By Saqib Iqbal Ahmed NEW YORK (Reuters) - The U.S. dollar fell to a seven-week low against a basket of key world currencies on Monday and global stock markets declined amid investor concerns over protectionist rhetoric by U.S. President Donald Trump. U.S. Treasury yields dipped and gold rallied as demand for safe-haven assets was boosted by Trump's stance on trade. On Monday, Trump told U.S. manufacturing executives he would impose a hefty border tax on firms that import products into the United
  
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• Trump tells manufacturers he will cut regulations, taxes

  23-01-2017 17:50 via news.yahoo.com
  
  By Roberta Rampton WASHINGTON (Reuters) - U.S. President Donald Trump met with a dozen American manufacturers at the White House on Monday, pledging to slash regulations and cut corporate taxes, but warning them he would impose taxes on imports if they move production outside the country. Trump, who took office on Friday, promised to bring manufacturing plants back to the United States - an issue he said helped him win the Nov. 8 election - and has not hesitated to call out by name companies tha
  
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• Fingerprint Cards says former CEO arrested in market abuse probe

  23-01-2017 17:41 via news.yahoo.com
  
  Fingerprint Cards said on Monday its former chief executive and a board member had been arrested on suspicion of insider trading ahead of a profit warning by the biometric technology group in December. The Swedish Economic Crime Authority said it had carried out house searches and arrested two people on suspicion of aggravated insider trading after a substantial amount of shares were sold before Fingerprint Cards' profit warning. The company said former CEO Johan Carlstrom and board member Lars
  
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• Wall Street slips on President Trump's protectionist views

  23-01-2017 17:31 via news.yahoo.com
  
  U.S. stocks lost ground on Monday as investors digested President Donald Trump's protectionist statements and sought safe-haven assets such as gold and U.S. Treasury bonds. Trump, who met with a dozen prominent American manufacturers at the White House, said he would slash regulations and cut corporate taxes to boost the economy. "I think the market wants to see more definitive statements like how healthcare and tax reforms get played out, so there is no reason for it to be excited," said Robert
  
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• Venezuela's opposition revives anti-Maduro protests

  23-01-2017 17:31 via news.yahoo.com
  
  By Diego Oré CARACAS (Reuters) - Venezuela's opposition parties on Monday launched a new round of protests aimed at forcing President Nicolas Maduro from power and ending 18 years of socialist rule, but they fell well short of the massive demonstrations of the past. The turnout for the first rallies of 2017 may have reflected opposition supporters' disillusionment after last year's failure to bring about a referendum to recall Maduro, who is presiding over an unprecedented economic crisis
  
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• Why Trump will find it hard to make American economy greater

  23-01-2017 17:17 via news.yahoo.com
  
  President Donald Trump's economic plans are nothing if not ambitious: Annual growth of 4 percent — or more. A diminished trade gap. The creation of 25 million jobs over 10 years, including the return of ...
  
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• Bridgepoint doubles money on cinema exit

  23-01-2017 16:30
  
  London private equity firm offloads Nordic Cinema Group after less than two years of ownership
  
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• Norway's wealth fund to tackle complexity of corporate pay

  23-01-2017 16:28
  
  COPENHAGEN, Jan 23 (Reuters) - Companies whose shareholders
  include Norway's $885 billion sovereign wealth fund can expect
  closer scrutiny of executive pay when the next round of annual
  investor...
  
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• Britain launches interventionist drive for post-Brexit industrial revival

  23-01-2017 16:25 via news.yahoo.com
  
  By William James LONDON (Reuters) - Britain's government on Monday unveiled a new interventionist approach to rebalance its heavily services-based economy for the post-Brexit era, in a break with traditional Conservative laissez-faire economic policy. Prime Minister Theresa May's "Modern Industrial Strategy"demands closer collaboration in key industries in exchange for government support, aiming to increase productivity, reinvigorate industrial production and stimulate investment in technology a
  
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• Compliance jobs at risk in robo revolution – van Steenis

  23-01-2017 16:22
  
  Top financials analyst warns the threat to jobs in the financial sector is steadily rising due to new technology
  
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• TREASURIES-U.S. yields slip before debt supply on Trump trade stance

  23-01-2017 16:18
  
  * Trump's trade stance stokes safe-haven bids for bonds* U.S. to auction $88 bln in coupon-bearing debt* Companies to sell $20-$25 bln in high-grade debt -IFR By Richard LeongNEW...
  
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• BRIEF-Avino provides 2016 year end summary and outlook for 2017

  23-01-2017 16:18
  
  * Avino Silver and Gold Mines Ltd says company's estimated
  capital expenditures in 2017 $12.2 million
  
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• No ex-divs on the FTSE 100 on Jan.26

  23-01-2017 16:17
  
  LONDON, Jan 23 (Reuters) - No FTSE 100 companies will go ex-dividend
  on Thursday, although several mid-caps will go ex-div, after which investors
  will no longer qualify for the latest dividend...
  
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• Wall Street pares losses after Trump meets U.S. company execs

  23-01-2017 16:11 via news.yahoo.com
  
  U.S. stocks were off their lows on Monday after President Donald Trump laid out some of his plans to spur economic growth in a meeting with top executives of U.S. companies. Speaking at the White House, Trump said he could reduce regulations governing companies by 75 percent or more and promised other advantages for companies that manufacture in the United States. "From the standpoint of moving the market, Donald Trump is going to be a trader's dream because he will create market swings, choppy
  
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• UPDATE 1-Turkey's lira eases as investors pause before critical central bank meeting

  23-01-2017 16:11
  
  ISTANBUL, Jan 23 (Reuters) - Turkey's lira weakened on
  Monday as comments from a deputy premier reaffirming the central
  bank's independence failed to bolster confidence, a day before a
  policy meeting...
  
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• Highlights: Donald Trump in first full week as U.S. president

  23-01-2017 16:11 via news.yahoo.com
  
  Trump meets with a dozen prominent American manufacturers at the White House, promising to cut regulations and corporate taxes but warning them of penalties if they move production outside the country. Trump could sign an executive order on Monday intended to renegotiate the free trade agreement between the United States, Canada and Mexico, NBC News reported. Canadian Prime Minister Justin Trudeau begins a retreat with his Cabinet focusing mainly on the best approach to take with Trump, whose vo
  
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• BRIEF-Halliburton says margins should pick up towards end of 2017 - conf call

  23-01-2017 16:11
  
  * Halliburton says North America revenue will meet or exceed
  rig count growth in 2017 - conf call
  
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• US STOCKS-Wall St pares losses after Trump meets US company execs

  23-01-2017 16:08
  
  * Dow down 0.06 pct, S&P down 0.07 pct, Nasdaq up 0.05 pct(Updates to open)
  
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• UPDATE 1-HSH Nordbank invites indicative bids from potential buyers

  23-01-2017 16:08
  
  FRANKFURT, Jan 23 (Reuters) - Shipping finance provider HSH
  Nordbank has launched its planned sale, inviting
  expressions of interest from potential buyers, the bank
  organising the process said on...
  
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• Canada's AltaGas to jointly build natgas processing plant

  23-01-2017 16:01
  
  Jan 23 (Reuters) - Energy infrastructure company AltaGas Ltd
  said it would jointly build a natural gas processing
  plant and a natural gas liquids separation train with a
  privately held producer in...
  
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• Euro zone consumer confidence rises less than expected in January

  23-01-2017 16:00
  
  BRUSSELS, Jan 23 (Reuters) - Euro zone consumer confidence
  rose slightly less than expected in January, preliminary data
  from the European Commission showed on Monday.
  
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• Wall Street slips at the open

  23-01-2017 15:35 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened lower on Monday as investors around the world sought safe-haven assets such as gold and U.S. Treasuries in response to the protectionist sentiments expressed by President Donald Trump in his inauguration speech. The Dow Jones industrial average was down 27.99 points, or 0.14 percent, at 19,799.26, the S&P 500 was down 3.94 points, or 0.173468 percent, at 2,267.37 and the Nasdaq composite was down 7.63 points, or 0.14 percent, at 5,547.70. (Reporting by Yashaswi
  
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• Morgan Stanley bullish on European banks in 2017

  23-01-2017 14:54
  
  Europe's investment banks can look forward to a 'positive' 2017, according to analysts at Morgan Stanley
  
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• Wall Street set to open lower amid uncertainty under Trump

  23-01-2017 14:52 via news.yahoo.com
  
  U.S. stocks looked set to open lower as investors around the world sought safe-haven assets such as gold and U.S. Treasuries in response to the protectionist sentiments expressed by President Donald Trump in his inauguration speech. Pledging to put "only America first", Trump laid out two simple rules after taking oath on Friday - buy American and hire American. Wall Street hit a series of record highs after Trump's election in November as investors expected the economy to get a boost from his p
  
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• Sprint to buy a third of Jay Z's music streaming service Tidal

  23-01-2017 14:44 via news.yahoo.com
  
  (Reuters) - U.S. wireless carrier Sprint Corp said on Monday it would buy 33 percent of Tidal, a music streaming service owned by rapper Jay Z. The deal would make exclusive content from Tidal available to 45 million retail Sprint customers, marking the company's move to more content driven services in a highly competitive wireless market. Apple Inc was in talks to buy Tidal to boost its Apple Music service, according to a Wall Street Journal report in June. Sprint Chief Executive Marcelo Claure
  
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• JP Morgan cools talk of Brexit link to Polish office

  23-01-2017 14:41
  
  Bank says talk of new roles in Warsaw has no link to London jobs or the UK’s departure from the EU
  
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• UK launches industry strategy to counter any Brexit turbulence

  23-01-2017 14:32 via news.yahoo.com
  
  LONDON (Reuters) - Britain published the outline of its industrial strategy on Monday, putting forward proposals for a more hands-on approach to developing key industries as a way to protect the economy from any turbulence caused by leaving the European Union. Unveiling her long-awaited "Modern Industrial Strategy" on Monday, Prime Minister Theresa May demanded closer collaboration within key industries in exchange for government support on regulation, trade and research. ...
  
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• BRIEF-Ferrellgas Partners and Ferrellgas Partners Finance announce intention to commence private placement of $150 mln of their 85/8 senior notes

  23-01-2017 14:15
  
  * Ferrellgas Partners and Ferrellgas Partners Financeannounce intention to commence private placement of $150 million
  of their 85/8 senior notes due 2020Source text -...
  
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• BRIEF-United microelectronics Q4 revenue rose 0.4 percent to TWD 38.31 billion

  23-01-2017 14:14
  
  * United microelectronics corp sees Q1 wafer shipments to
  decrease by approximately 1 pct quarter-over-quarter
  
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• BRIEF-Fura Emeralds names Devidas Shetty CEO

  23-01-2017 14:14
  
  * Appointment of Devidas Shetty as president and chief
  executive officer of company effective immediately
  
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• BRIEF-WestRock says enters into definitive agreement to divest home, health and beauty business

  23-01-2017 14:13
  
  * WestRock enters into definitive agreement to divest home,
  health and beauty business for $1.025 billion
  
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