Finance news

• Khamenei says Sweden has good name among Iranians

  11-02-2017 23:36 via news.yahoo.com
  
  Iran's supreme leader said on Saturday the United States and Western powers are regarded with suspicion in the Middle East because of their interference, but that Sweden has a good name among Iranians and is seen as a reputable economic partner. Iran has had relatively good relations with neutral Sweden which has over the years been often critical of the foreign policy of the United States, the Islamic republic's arch-enemy.
  
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• Misys eyes another float attempt as window opens for new listings

  11-02-2017 20:45 via news.yahoo.com
  
  The banking software provider Misys is dusting off plans for a multibillion-pound stock market float, following an aborted attempt to return to the public markets last year. No final decisions have been taken and no formal processes are under way, but Misys’ private equity owner, Vista Equity Partners, remains keen to cash in on the company. Vista aimed to float around a fifth of Misys on an equity valuation of up to £3.75bn, after cutting £1bn from its expectations based
  
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• Sales of Ivanka Trump apparel slumped at Nordstrom: WSJ report

  11-02-2017 19:32 via news.yahoo.com
  
  Nordstrom's sales of Ivanka Trump's line of clothing and shoes fell by nearly one-third in the past fiscal year, with sharp drops in sales weeks before her father Donald Trump was elected president, the Wall Street Journal reported on Saturday. Nordstrom announced this week it had decided to stop carrying Ivanka Trump's apparel, prompting President Trump to take to Twitter to defend her. "My daughter Ivanka has been treated so unfairly by @Nordstrom," he said on Wednesday.
  
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• Khamenei says Sweden has good name among Iranians, cooperation deals signed

  11-02-2017 18:56 via news.yahoo.com
  
  Iran's supreme leader said on Saturday the United States and Western powers are regarded with suspicion in the Middle East because of their interference, but that Sweden has a good name among Iranians and is seen as a reputable economic partner. Iran has had relatively good relations with neutral Sweden which has over the years been often critical of the foreign policy of the United States, the Islamic republic's arch-enemy. "America and many European powers have played a role in causing traumat
  
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• Asset manager Vanguard hits $4 trillion in assets: WSJ report

  11-02-2017 18:35
  
  WASHINGTON (Reuters) - The Vanguard Group topped $4 trillion in assets for the first time at the end of January after a year in which it pulled in more money than all of its rivals combined, the Wall...
  
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• Asset manager Vanguard hits $4 trillion in assets - WSJ report

  11-02-2017 18:35 via news.yahoo.com
  
  The Vanguard Group topped $4 trillion (£3.20 trillion) in assets for the first time at the end of January after a year in which it pulled in more money than all of its rivals combined, the Wall Street Journal reported. Vanguard's success points to investors becoming disillusioned with expensive money managers and turning instead to funds that are not actively managed. Vanguard is the second largest asset manager, with BlackRock Inc in first place with more than $5 trillion in assets, the W
  
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• Sales of Ivanka Trump apparel slumped at Nordstrom: report

  11-02-2017 17:45 via news.yahoo.com
  
  Nordstrom's sales of first daughter Ivanka Trump's line of clothing and shoes fell by nearly one-third in the past fiscal year, with sharp drops in sales weeks before the election, the Wall Street Journal reported on Saturday. Nordstrom announced this week it had decided to stop carrying Ivanka Trump's apparel, prompting President Donald Trump to take to Twitter to defend her. "My daughter Ivanka has been treated so unfairly by @Nordstrom," he said on Wednesday.
  
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• Tsipras hits back at IMF, Germany over debt impasse

  11-02-2017 17:13 via news.yahoo.com
  
  Greek Prime Minister Alexis Tsipras on Saturday warned the International Monetary Fund and EU economic powerhouse Germany to stop playing with fire over his country's debt problems. Opening a meeting of his far-left Syriza party, Tsipras said he was confident a solution over repayments would be found, despite talks between Greece and its creditors ending in Brussels with no breakthrough on Friday. Months of feuding with the IMF has rattled markets and raised fears of a new debt crisis, with Athe
  
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• Kirin to buy Mandalay Brewery to dominate Myanmar market: report

  11-02-2017 06:55 via news.yahoo.com
  
  Japanese brewer Kirin will buy Mandalay Brewery of Myanmar for an estimated several hundred million yen (several million dollars) in its latest effort to strengthen its presence in the Asia-Oceania region, a newspaper said on Saturday. Kirin will create a local subsidiary to take over the country's oldest brewery, based in the northern city of Mandalay, from the military-backed Myanmar Economic Holdings, the Nikkei business daily said. The Myanmar Investment Commission is expected to approve the
  
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• The biggest players today on Wall Street? Algorithms

  11-02-2017 06:45 via news.yahoo.com
  
  They are agnostic on market direction, but ubiquitous in markets. Firms like Goldman Sachs and Morgan Stanley may get the headlines, but algorithms are the real force today on Wall Street. The quickfire crash and recovery underscored the pivotal role of algorithms, which execute automated trades after taking instantaneous readings of inputs that can include news events, economic data and stock price movements.
  
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• Germany says U.S. demand for more NATO burden-sharing is 'fair'

  11-02-2017 01:59 via news.yahoo.com
  
  By Sabine Siebold WASHINGTON (Reuters) - The U.S. call for NATO partners to step up funding for the transatlantic alliance is "a fair demand," German Defense Minister Ursula von der Leyen said on Friday after what she called a positive first meeting with Defense Secretary James Mattis. Germany and other European powers were unnerved when President Donald Trump during the election campaign accused NATO allies of failing to pay their way, and described the alliance shortly before he took office la
  
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• 'No-brainer' or no-no? Congress split on probing Trump tax returns

  11-02-2017 00:54 via news.yahoo.com
  
  By David Morgan WASHINGTON (Reuters) - Congressional Democrats on Friday said the U.S. Congress should obtain President Donald Trump's tax records to examine possible conflicts of interest, although Republicans showed little interest in taking action. "This is a no-brainer, for crying out loud," said Democratic Representative Bill Pascrell, a House Ways and Means Committee Democrat who asked the panel this month to request Trump's federal tax returns from the U.S. Treasury. The Ways and Means Co
  
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• Modi faces biggest election test since 2014 landslide

  11-02-2017 00:13 via news.yahoo.com
  
  By Rupam Jain and Tom Lasseter LUCKNOW, India (Reuters) - Prime Minister Narendra Modi faces his biggest electoral test since coming to power when the battleground state of Uttar Pradesh, which he swept three years ago, holds an election starting on Saturday. More broadly, voters will deliver a mid-term verdict on Modi and his nationalist party as India recovers from his boldest decision yet: to abolish 86 percent of the cash in circulation. The banknote ban, launched by Modi three months ago to
  
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