Mois : janvier 2019

Australia shares set to edge higher on miner gains; NZ flat

Feb 1 () – Australian shares are set to edge higher on Friday, tracking a jump on Wall Street fueled by strong earnings, while firm iron ore prices are also likely to benefit mining stocks. Mining stocks look set to extend their rally to a fifth day after iron ore prices climbed to their highest

UPDATE 1-U.S. warns Venezuela’s Maduro about intimidation, ‘looting’

(Adds quotes from official, context throughout) By Roberta Rampton and Doina Chiacu WASHINGTON, Jan 31 () – The U.S. government on Thursday warned Venezuelan President Nicolas Maduro of consequences for what it called “egregious” acts of intimidation, and said Russia and other countries should cease “last-minute looting” of oil and gold. Juan Guaido, Venezuela’s self-proclaimed

U.S. warns Venezuela’s Maduro about intimidation, ‘looting’

WASHINGTON, Jan 31 () – The U.S. government on Thursday warned Venezuelan President Nicolas Maduro there would be consequences for what it called “egregious” acts of intimidation against opposition leader Juan Guaido, a senior U.S. official told reporters. The U.S. government wants Venezuela oil company PDVSA’s U.S. subsidiary, Citgo, to remain viable in spite of

UPDATE 5-Lebanon agrees new government, PM vows bold reforms

BEIRUT () – Lebanon formed a new national unity government on Thursday, ending nine months of wrangling, and Prime Minister Saad al-Hariri said bold moves were needed without delay to address chronic problems facing the heavily indebted state. Lebanon’s President Michel Aoun and Prime Minister-designate Saad al-Hariri meet ahead of a new government announcement at

REFILE-UPDATE 3-Mastercard, Visa warn of lower overseas spending in 2019

() – Quarterly reports from Mastercard and Visa indicated a drop in 2019 overseas spending by cardholders due to a strong dollar, an outcome of the U.S.-China trade dispute, a potential Brexit and geopolitical uncertainty in Latin America. FILE PHOTO: A Mastercard logo is seen on a credit card in this picture illustration August 30,

UPDATE 2-EU markets watchdog approves Brexit agreement with Britain

LONDON () – The European Union’s markets watchdog said it has approved an agreement on supervisory cooperation with Britain after Brexit to avoid disruption to cross-border financial services like asset management. British and EU flags flutter outside the Houses of Parliament in London, Britain January 30, 2019. /Toby Melville“The board agreed in substance the Memorandum

German savings banks adopt joint plan to aid ailing NordLB

FRANKFURT () – German savings banks have decided on a joint plan for the recapitalization of ailing public sector lender NordLB, pitting them against a joint bid by two private equity groups. The savings banks umbrella organization DSGV said in a statement on Thursday that the decision “is a way to strengthen NordLB in the

Thyssenkrupp must raise margins – shareholder DWS

* DWS has reduced actively managed position in Thyssen * Profitability is below average in many areas * DWS will watch restructuring with an eagle eye By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, Jan 31 () – Thyssenkrupp , in the midst of a major restructuring, needs to raise profit margins to avoid falling further

GLOBAL MARKETS-Fed pause sets stocks for best January on record, yields fall

NEW YORK () – Global equity markets mostly rose on Thursday, propelled by Facebook’s stellar earnings and the Federal Reserve’s pledge to be patient in raising borrowing costs further, while U.S. bond yields fell on indications of weaker than expected inflation. FILE PHOTO: The seal for the Board of Governors of the Federal Reserve System

UPDATE 1-ECB Weidmann sees longer growth slump, inflation miss

FRANKFURT () – Germany’s economic slump will be longer than earlier thought and there is more bad news in the pipeline, Bundesbank President Jens Weidmann said on Thursday, presenting an unusually gloomy outlook for Europe’s biggest economy. FILE PHOTO – Germany’s Bundesbank President Jens Weidmann arrives to deliver a speech in Berlin, Germany, August 23,

Trump considering Herman Cain for Fed board seat-Bloomberg reporter

FILE PHOTO: The Federal Reserve building pictured in Washington, U.S., July 16, 2018. /Leah Millis/File PhotoWASHINGTON () – U.S. President Donald Trump is considering Herman Cain for a seat on the Federal Reserve board, a Bloomberg reporter said on Twitter. Cain made his fortune as pizza executive before making a bid to be the Republican

Warsaw bourse seeks to expand share lending to boost turnover

WARSAW, Jan 31 () – The Warsaw Stock Exchange , which has struggled with falling turnover, wants approval for pension funds to lend shares to other market participants as this could boost turnover growth, the exchange’s CEO told . In 2018, equities turnover by value on the WSE dropped by almost 19 percent to 212

Poland’s Pekao sees profit rise in 2019 despite tight market

WARSAW, Jan 31 () – Poland’s second biggest state-controlled lender Bank Pekao aims to increase net profit this year despite rising market competition Chief Financial Officer Tomasz Kubiak said. In 2018 Pekao booked net profit of around 2.2 billion zloty ($591.35 million), according to the average of analysts’ estimates, published by the bank. The bank

UK’s Euromoney names Leslie Van de Walle chairman

Jan 31 () – British business-to-business information provider Euromoney Institutional Investor Plc said on Thursday it had named Leslie Van de Walle as non-executive chairman effective March 1. Euromoney said Van de Walle, who is currently deputy chairman at Crest Nicholson Holdings Plc, would replace acting Chairman David Pritchard, who retires on Feb. 28. (Reporting

UPDATE 2-Mastercard profit beats on holiday season boost

() – Mastercard Inc joined rival Visa Inc in reporting a bigger-than-expected quarterly profit, as a strong holiday season led to a surge in transactions on its payments network, sending its shares up 5 percent before the bell. FILE PHOTO: A Mastercard logo is seen on a credit card in this picture illustration August 30,

First Abu Dhabi Bank to raise foreign shareholder limit

DUBAI, Jan 31 () – First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates, beat analysts’ forecasts with a 4 percent rise in fourth-quarter profit on Thursday and said it planned to raise its foreign ownership limit. FAB said it proposed to its board increasing its foreign ownership limit to 40

EU charges eight banks over euro govt bond trading cartel

BRUSSELS () – The European Union’s antitrust authority said on Thursday that it had charged eight unnamed banks with operating a cartel in trading euro zone government bonds between 2007 and 2012. In a statement, the European Commission said some traders at the banks exchanged commercially sensitive information and coordinated trading strategies on the euro-denominated

General Electric swings to small profit in Q4

FILE PHOTO: The logo of General Electric Co. is pictured at the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico, May 12, 2017. /Daniel Becerril/File Photo() – U.S. industrial conglomerate General Electric Co reported a $666 million profit for the fourth quarter, recovering from the $23 billion charge it took three months

UPDATE 2-European powers launch mechanism for trade with Iran

PARIS/BERLIN () – France, Germany and Britain have set up a European mechanism for non-dollar trade with Iran to avert U.S. sanctions, although diplomats acknowledged it is unlikely to yield big commercial transactions Tehran says it needs to keep a nuclear deal afloat. Iran’s President Hassan Rouhani speaks during his visit to the shrine of

COLUMN-Social Security expansion to get serious hearing in U.S. House

CHICAGO () – The idea that Social Security benefits should be expanded – not cut – is going mainstream. FILE PHOTO: Rep. Richard Neal (D-MA), (L) and Rep. John Larson (D-CT) speak prior to a House Ways and Means Committee markup of the Republican Tax Reform legislation on Capitol Hill in Washington, U.S., November 9,