Finance news

• Take economic models seriously, but not too seriously: Bank of Canada's Poloz

  31-01-2017 23:40 via news.yahoo.com
  
  By Pushpa Balgobin EDMONTON (Reuters) - The global financial crisis has left the Canadian economy with persistent excess capacity, Bank of Canada Governor Stephen Poloz said on Tuesday, adding that geopolitical risk and uncertainty make it harder to know if policy is on track. In a speech focused on the strengths and weaknesses of the bank's economic modeling over the years, Poloz said policymakers are always mindful of the uncertainties that might cause Canada to undershoot or overshoot the ban
  
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• Trump fears hang over global stocks

  31-01-2017 23:39 via news.yahoo.com
  
  Wall Street stocks were pressured for a second session in a row Tuesday on a combination of worries about Trump administration policies and disappointing earnings.
  
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• After this gruesome murder, you'll never look at chimps the same way again

  31-01-2017 23:35 via yahoo.com
  
  Chimps aren't exactly the soft and cuddly animals thatCurious George would have you believe.  Scientists have documented aggression in territorial chimps on numerous occasions, with separate bands of chimps attacking, killing and even cannibalizing one another to gain access to more resources.  But a new study details a far more rare case of chimp murder: One aggressive male chimp appears to have been attacked and killed by members of the group he once led.SEE ALSO: Chimps don't tolera
  
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• US misfires in online fight against Islamic State

  31-01-2017 23:19 via yahoo.com
  
  TAMPA, Fla. (AP) — On any given day at MacDill Air Force Base, web crawlers scour social media for potential recruits to the Islamic State group. Then, in a high-stakes operation to counter the extremists' propaganda, language specialists employ fictitious identities and try to sway the targets from joining IS ranks.
  
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• US stocks look set for volatility amid Trump orders

  31-01-2017 23:13 via news.yahoo.com
  
  The US stock market continued to see a slowdown in the momentum that had buoyed the market since Donald Trump's election victory, with the three main indexes all seeing their biggest declines so far this year. Trump's latest executive order, a temporary travel ban on refugees and people from seven Muslim-majority countries, is seen as a warning that while having a business mogul in the White House might seem good for companies, some of his other plans may not be as market-friendly. Peter Cardill
  
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• D.C. outsiders get first White House briefing ‘Skype seats’

  31-01-2017 22:54 via yahoo.com
  
  White House press secretary Sean Spicer takes questions during the daily press briefing at the White House.White House press secretary Sean Spicer has shaken things up in his daily briefing by sometimes calling on popular but nontraditional outlets before turning to major legacy news media.On Wednesday, Spicer will unveil another innovation by taking questions from four people in rotating virtual “Skype seats” designed to bring in voices from far outside Washington.
  
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• S&P slips for fourth session as earnings, politics weigh

  31-01-2017 22:48 via news.yahoo.com
  
  The S&P 500 fell on Tuesday for a fourth consecutive session, weighed by sectors sensitive to economic growth amid disappointing earnings and lingering concern over the priorities of the Trump administration. Technology and financials were the sectors that weighed the most on the S&P 500, while healthcare helped cut losses and the index closed far from its session low. Advancing issues outnumbered decliners on both the Nasdaq and the New York Stock Exchange.
  
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• S&P slips for 4th session as earnings, politics weigh

  31-01-2017 22:48 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - The S&P 500 fell on Tuesday for a fourth consecutive session, weighed by sectors sensitive to economic growth amid disappointing earnings and lingering concern over the priorities of the Trump administration. Technology and financials were the sectors that weighed the most on the S&P 500, while healthcare helped cut losses and the index closed far from its session low. Advancing issues outnumbered decliners on both the Nasdaq and the New York Stock
  
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• Canadian dollar posts a fourth-month high on GDP data, weaker greenback

  31-01-2017 22:38 via news.yahoo.com
  
  By Fergal Smith TORONTO (Reuters) - The Canadian dollar notched a four-month high against its U.S. counterpart on Tuesday after domestic data showed the economy expanded more than expected in November and the greenback tumbled against a basket of major currencies. The U.S. dollar index slumped below the 100.00 threshold after comments by U.S. President Donald Trump and his trade adviser stoked expectations that the new U.S. administration was targeting a weaker greenback. "A large part of what C
  
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• BRIEF-Pangaea Logistics Solutions announces delivery of two Ultramax newbuildings

  31-01-2017 22:38
  
  * Pangaea Logistics Solutions Ltd - Taken delivery of two
  ultramax ice-class 1c dry bulk carriers from Oshima shipyard in
  Japan
  
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• Apple delivers monster earnings as iPhone sales get back on track

  31-01-2017 22:34 via yahoo.com
  
  Apple just posted its earnings report for the December quarter and the company appears to be back on track. Revenue wise, Apple posted $78.4 billion in revenue, a quarterly profit of $17.89 billion and EPS of $3.36. As a point of comparison, Apple during the same quarter a year-ago posted revenue of $75.9 billion and EPS of $3.28.
  Funny enough, for all the armchair pundits and professional analysts who have been so eager to proclaim Apple's demise, Apple last quarter set a new quarterly record f
  
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• Roche said to consider options for Diabetes unit: Bloomberg

  31-01-2017 22:28
  
  (Reuters) - Roche Holding AGis considering options for its diabetes-care business including a sale, Bloomberg reported, citing people familiar with the matter.
  
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• White House fights back against calling Trump’s order on immigration a ‘Muslim ban’

  31-01-2017 22:09 via yahoo.com
  
  During a briefing Tuesday, White House Press Secretary Sean Spicer disputed the notion that President Trump’s executive order halting immigration from seven predominantly Muslim countries constitutes a “ban.”
  
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• S&P dips for fourth straight decline

  31-01-2017 22:07 via news.yahoo.com
  
  NEW YORK (Reuters) - The S&P 500 fell on Tuesday for a fourth consecutive session, weighed by sectors sensitive to economic growth amid disappointing earnings and lingering concern over the priorities of the Trump administration. The Dow Jones Industrial Average fell 106.9 points, or 0.54 percent, to 19,864.23, the S&P 500 lost 2.02 points, or 0.09 percent, to 2,278.88 and the Nasdaq Composite added 1.07 points, or 0.02 percent, to 5,614.79. (Reporting by Chuck Mikolajczak; Editing by Ni
  
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• Why a 'white privilege' essay contest has upset a Connecticut town

  31-01-2017 22:06 via yahoo.com
  
  An essay contest sponsored by the town of Westport, Conn., is causing controversy among its residents and has sparked heated online debate on the subject of race across the country.The essay topic is "white privilege," a sociological concept that has been increasingly introduced into mainstream political debate in recent years.Westport is a small, wealthy suburb of New York City, with a median family income topping $150,000.
  
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• Budget tipped to offset pain of India's cash crisis

  31-01-2017 22:04 via news.yahoo.com
  
  India will unveil a budget Wednesday expected to contain measures to ease the pain of its sudden decision to pull most of its currency from circulation, a policy it concedes has dragged on the economy. Finance Minister Arun Jaitley is tipped to increase spending to offset the impact of the so-called demonetisation scheme, which triggered countrywide cash shortages and forced the government to lower its growth forecast. "It's a foregone conclusion that there will be an increase in spending," said
  
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• Gold becomes one of investors' favourite safe havens with Trump uncertainty

  31-01-2017 22:02 via news.yahoo.com
  
  By David Randall NEW YORK (Reuters) - Some of Wall Street's largest fund managers have taken a contrarian bet on gold, wagering that U.S. President Donald Trump's governing style and upcoming elections in Europe will combine to create more stock market volatility and boost the prices of a metal long seen as a safe haven. Fund managers from IVA, Ridgeworth and Fidelity are among those who are bullish on gold at a time when the VIX, Wall Street's main measure of volatility, is near two-year lows a
  
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• Wall Street down on earnings; political concern weighs

  31-01-2017 21:28 via news.yahoo.com
  
  Technology and financials were the sectors that weighed the most on the S&P 500 while healthcare helped cut losses. U.S. President Donald Trump met with top executives from some of the biggest drugmakers in a move seen as lowering tensions that have kept drug stocks in check since the presidential election.
  
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• Chinese billionaire whereabouts a mystery but denies abduction: media

  31-01-2017 21:05 via yahoo.com
  
  A missing China-born billionaire was quoted by state media on Tuesday as saying he had not been abducted from Hong Kong by mainland Chinese agents as some news outlets had reported but was receiving medical treatment.Mystery surrounds the whereabouts of Xiao Jianhua, who was last seen in Hong Kong on Friday when some overseas Chinese news outlets reported he was taken by Chinese agents from the luxury Four Seasons hotel.Chinese news portal Cankao Xiaoxi, published by the official Xinhua news age
  
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• As Trump thunders, investors watch for rain

  31-01-2017 20:49
  
  BOSTON (Reuters) - A dizzying stream of market-moving tweets and policy talk byPresident Donald Trump is finding a hopeful but anxious audience among professional investors looking to make...
  
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• Skipping breakfast may be bad for your heart, doctors say

  31-01-2017 20:47 via yahoo.com
  
  By Lisa Rapaport(Reuters Health) - Planning meals and snacks in advance and eating breakfast every day may help lower the risk of cardiovascular disease, new guidelines from U.S. doctors say.Eating more calories earlier in the day and consuming less food at night may also reduce the odds of a heart attack, stroke or other cardiac or blood vessel diseases, according to the scientific statement from the American Heart Association."When we eat may be important to consider, in addition to what we ea
  
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• Exclusive: Peanuts, home of Snoopy and Charlie Brown, up for sale: sources

  31-01-2017 20:47
  
  (Reuters) - U.S. brand management company Iconix Brand Group Incis exploring a sale of its majority stake in Peanuts Worldwide LLC, which owns the rights to cartoon strip characters Snoopy and...
  
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• Yemen rebel 'suicide boat' attack kills Saudi sailors

  31-01-2017 19:37 via yahoo.com
  
  Yemeni rebel "suicide" boats attacked a Saudi warship on patrol in the Red Sea, killing two sailors in what the Saudi-led coalition called an escalation of the nearly two-year-old war.The assault off the rebel-held port of Hodeida came as coalition-backed government forces pressed a deadly drive up the Red Sea coast, despite mounting international pressure for a ceasefire.Suicide attacks are uncharacteristic of the Shiite Muslim Huthi rebels.
  
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• U.S. consumer confidence eases off 15-year high; wage growth modest

  31-01-2017 19:35 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer confidence retreated from a 15-year high in January likely as some of the election euphoria fizzled, but households remained upbeat about the labour market, suggesting that the economy would continue to grow this year. Other data on Tuesday showed an acceleration in house prices in November, which should further boost household wealth and support consumer spending even as wage growth remains moderate. The jump was in tandem with a stock mark
  
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• Wall Street's Honeymoon With Trump Is Over

  31-01-2017 19:28 via news.yahoo.com
  
  Wall Street's post-election honeymoon with President Donald Trump is devolving into typical marital bickering as his controversial immigration ban and plans to clamp down on H-1B skilled worker visas is sending chills up the spines of many in the business world, especially in Silicon Valley. This supports my long-term expectation for the Trump White House: The end of a multi-decade neo-con/neo-liberal globalization push that benefited big corporations to the detriment of the middle class and sma
  
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• Brazil plans changes to bankruptcy law to help recovery -source

  31-01-2017 19:26
  
  BRASILIA, Jan 31 (Reuters) - Brazil plans to overhaul its
  bankruptcy law to help troubled companies survive a two-year
  recession that has led a record number of them to suspend debt
  payments, a...
  
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• US Fed begins two-day meeting but no action expected

  31-01-2017 19:17 via news.yahoo.com
  
  The US Federal Reserve began its two-day monetary policy meeting on Tuesday but observers expect there will be no change in interest rates amid the current economic and political uncertainty. Central bankers have been cautious about raising rates too quickly, and likely will tread cautiously as the Trump administration continues to send shock waves around the world, threatening to cancel trade pacts and impose new tariffs, criticizing trade partners and promising economic stimulus and slashed re
  
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• Wall Street loses ground as earnings, data disappoint

  31-01-2017 19:09 via news.yahoo.com
  
  U.S. stocks were lower on Tuesday, dragged down by technology and industrial shares, amid disappointing earnings and weak consumer confidence data. The selling comes a day after Wall Street recorded its worst day of 2017, as investors turned wary about the consequences of President Donald Trump's isolationist policies such as curbing travel to the United States. Microsoft and Apple were the biggest drags.
  
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• UPS' 4Q results fall short of Wall Street expectations

  31-01-2017 19:02 via news.yahoo.com
  
  The growth in online shopping means more packages for UPS to deliver, but dispatching a massive fleet of trucks throughout American residential neighborhoods every day is creating an efficiency problem ...
  
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• South African poultry firm RCL Foods sees H1 earnings plunge

  31-01-2017 18:51 via news.yahoo.com
  
  South African poultry producer RCL Foods on Tuesday flagged a drop of as much as 54 percent in first-half profits as imports and high feed prices put pressure on its operations and led to job cuts at one of its plants. The firm expects headline earning per share (EPS) to fall to between 40 cents and 55 cents for the six months to the end of December compared with 87.2 cents in the previous period, RCL said in a statement. Headline EPS is the main earnings measure in South Africa that strips out
  
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• Did Trump Really Negotiate a $600 Million Cut to F-35 Costs?

  31-01-2017 18:34 via yahoo.com
  
  The president might be taking credit for something that was going to happen anyway.
  
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• Missouri man set to be executed for 1998 triple murder

  31-01-2017 18:26 via yahoo.com
  
  Mark Christeson, 37, was sent to death row for the murders of Susan Brouk, her 12-year-old daughter, Adrian, and 9-year-old son, Kyle.The U.S. Supreme Court temporarily halted the execution in 2014 after Christeson's legal team argued his previous attorneys had failed to meet a key deadline for filing court papers in 2005 and had refused to cooperate when the mistake came to light.In January 2015, the nation's highest court threw out an appeals court ruling denying Christeson another chance for
  
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• UPDATE 4-Pension charge causes UPS loss, ecommerce costs cause headache

  31-01-2017 17:39
  
  CHICAGO, Jan 31 (Reuters) - Package delivery company United
  Parcel Service Inc on Tuesday posted a quarterly loss
  caused by a pension charge and said it would pull forward
  investments to boost the...
  
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• Wall St. extends losses on weak earnings, data

  31-01-2017 17:34 via news.yahoo.com
  
  (Reuters) - U.S. stocks extended losses in late morning trade on Tuesday, weighed down by technology and industrial stocks, amid disappointing earnings and weak consumer confidence data.
  
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• The 'mirror' trades that caught Deutsche in Russian web

  31-01-2017 17:34
  
  * Trades moved cash out of Russia, possibly to
  launder-regulators
  
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• Here are the best Super Bowl TV sales from Walmart, Best Buy, and more

  31-01-2017 17:32 via yahoo.com
  
  Black Friday is and probably always will be the undisputed king when it comes to big discounts on TVs, but the week before the Super Bowl is definitely a close second. The perfect combination of leftover models from the year prior and stores needing to clear room for the new TVs that arrive each spring lead to some impressive price cuts on lots of really spectacular displays. Walmart, Best Buy, and Target have taken an axe to their profit margins, and we've rounded up all the
  
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• Uber strikes deal with Daimler to add self-driving Mercedes-Benz to fleet

  31-01-2017 17:25
  
  SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] has signed another deal with a major automaker as the popular ride service accelerates efforts to build out one of the world's first fleets...
  
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• Fed set for two-day meeting but no action expected

  31-01-2017 17:13 via news.yahoo.com
  
  The US Federal Reserve was due to begin a two-day monetary policy meeting on Tuesday but observers expect there will be no change in interest rates amid the current economic and political uncertainty. Central bankers have been cautious about raising rates too quickly, and likely will tread cautiously as the Trump administration continues to send shock waves around the world, threatening to cancel trade pacts and impose new tariffs, criticizing trade partners and promising economic stimulus and s
  
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• Supreme Court nominee preview: Will one of the “final two” get the call?

  31-01-2017 17:05 via yahoo.com
  
  President Donald Trump will announce his Supreme Court nominee at 8 p.m. on Tuesday. Two candidates have been discussed in the media for the past week as the leading contenders. But who will get the call?
  
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• Stock markets surrender gains on weaker Wall Street

  31-01-2017 16:48 via news.yahoo.com
  
  Europe's major equity markets gave up their earlier modest gains on Tuesday as stocks on Wall Street slid over the emerging immigration and trade policies from the administration of US President Donald Trump. Controversy over Trump's divisive executive order to ban refugees and citizens of seven mainly Muslim countries had already sent markets into a tailspin on Monday. "Although some of the selling momentum experienced yesterday throughout the stock markets has cooled down, the market headlines
  
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• US consumer confidence slips in January from 15-year high

  31-01-2017 16:35 via news.yahoo.com
  
  WASHINGTON (AP) — Americans expressed a bit less optimism about the economy this month after their confidence soared to a 15-year high in December.
  
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• EU must seek new trade deals if U.S. looks inward: Eurogroup president

  31-01-2017 16:26 via news.yahoo.com
  
  The European Union will have to establish new trading partnerships if its traditional economic and political ally the United States heads down a path of protectionism, Eurogroup President Jeroen Dijsselbloem said on Tuesday. "We don't yet know if that is going to happen," Dijsselbloem told the RTL broadcaster. Dijsselbloem's comments came amid a backlash in the European Union and beyond to U.S. President Donald Trump's early policy moves, including withdrawing from the 12-nation Trans-Pacific Pa
  
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• Yemen war erases decade of health gains, many children starving: UNICEF

  31-01-2017 16:24 via news.yahoo.com
  
  By Stephanie Nebehay GENEVA (Reuters) - Yemen has lost a decade's worth of gains in public health as a result of war and economic crisis, with an estimated 63,000 children dying last year of preventable causes often linked to malnutrition, the U.N. Children's Fund (UNICEF) said on Tuesday. About 3.3 million people, including 2.2 million children, across the Arab peninsula's poorest country are suffering from acute malnutrition, it said.
  
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• Wall St. slips on weak earnings, Trump policies

  31-01-2017 16:15 via news.yahoo.com
  
  Enthusiasm over fiscal stimulus under the new administration has been tempered by worries over Trump's isolationist policies such as travel restrictions to the United States, which sparked protests across U.S. cities and criticism from several corporate leaders. "You've got a very busy week for earnings, economic data and central bank meetings," said Adam Sarhan, chief executive officer at 50 Park Investments in Florida.
  
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• At a moment of uncertainty, Fed likely to leave rates alone

  31-01-2017 16:11 via news.yahoo.com
  
  The Federal Reserve is all but sure to leave interest rates alone when it ends a policy meeting Wednesday at a time of steady gains for the U.S. economy but also heightened uncertainty surrounding the ...
  
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• UPDATE 3-H&M profit surprise lifts shares, store mix under review

  31-01-2017 16:00
  
  * Prel Jan local-currency sales +11 pct(Adds company comment, details, updates shares)
  
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• Elliott turns up CEO pressure blending activism with buyouts

  31-01-2017 15:55
  
  NEW YORK/SAN FRANCISCO (Reuters) - Eight days after Elliott Management disclosed a 7.6 percent stake in LifeLock Inc , managers of the more than $30 billion hedge fund met with executives at the...
  
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• Wall Street opens lower on weak earnings

  31-01-2017 15:43 via news.yahoo.com
  
  REUTERS - U.S. stocks opened lower on Tuesday, weighed down disappointing results from a clutch of companies and as investors fretted over President Donald Trump's policies. The Dow Jones industrial average was down 72.9 points, or 0.37 percent, at 19,898.23, the S&P 500 was down 6.89 points, or 0.302074 percent, at 2,274.01 and the Nasdaq composite was down 22.18 points, or 0.4 percent, at 5,591.53. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Sriraj Kalluvila)
  
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• Wall St. opens lower on weak earnings

  31-01-2017 15:35 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened lower on Tuesday, weighed down disappointing results from a clutch of companies and as investors fretted over President Donald Trump's policies.
  
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• Wall St. to open lower as earnings, Trump policies weigh

  31-01-2017 15:05 via news.yahoo.com
  
  Investors' enthusiasm about fiscal stimulus under the new administration has been tempered by worries over Trump's isolationist policies such as travel restrictions to the United States, which sparked protests across U.S. cities and criticism from several corporate leaders. "You've got a very busy week for earnings, economic data and central bank meetings," said Adam Sarhan, chief executive officer at 50 Park Investments in Florida.
  
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