Latest and Breaking Finance and Global Markets News and Top Stories - July 7
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FinanceBrief
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Brent crude prices hovered near a three-week low on Monday.
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SAN FRANCISCO (MarketWatch) -- Shares of Tesla Motors Inc. fell 1.3% on Monday, the first market day after a stolen Model S crashed and burned in Los Angeles on July 4. The company said Sunday it wants to examine the remnants of the Mode...
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Over the weekend, Let's Gowex, a Spanish company that provided free wifi services went out of business after independent research firm Gotham City Research published a scathing report that said most of the company's revenues were fraudul...
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TORONTO, July 7 (Reuters) - The Canadian government said on Monday it will auction more prime wireless spectrum early next year, with more than half the airwaves set aside for newer players that have...
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* Fed meeting minutes on Wednesday in focus (Recasts with U.S. dollar, changes dateline; previous LONDON)
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TORONTO, July 7 (Reuters) - The pace of purchasing activity in Canada shrank further in June, falling to the lowest level in six months and frustrating expectations for a pick up in growth, the Ivey...
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* Dow down 0.4 pct, S&P and Nasdaq down 0.3 pct (Updates to open)
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(Adds data on growth, analyst quote, background on economy)
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Growth in the emerging markets has slowed down recently as growth in the developed markets have picked up. Nevertheless, growth in the emerging markets is still higher, and they present attractive investing opportunities. Citi analysts r...
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Plans are in the works for a new natural gas transmission pipeline that could pass through Michigan on its way to Ontario, Canada, raising concerns among some residents who have seen their property dug up for an ongoing oil pipeline proj...
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Stocks fell on Monday, with Wall Street retreating from all-time highs, ahead of the start of the earnings season.
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The first seizure of a bitcoin exchange in Europe is undertaken on the French Riviera, according to officials.
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* Strong U.S. data stokes speculation of interest rate hike
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The Dow may have crested 17,000 on Thursday, but that excitement is gone Monday morning.
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Jenaro García Martín had been praised by Spain's government for his entrepreneurship
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Key players in the world of gold are debating reforming its arcane pricing, as regulators call for greater transparency.
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Average daily trading volume is less than half of the peak during the financial crisis, even as the stock market hits records. These charts explain some of the reasons for the drop.
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SAN FRANCISCO (MarketWatch) - Technology stocks were mostly lower Monday morning, but shares of Applied Materials rallied as D.A. Davidson & Co. offered an upbeat view of the semiconductor capital equipment sector. Applied was up more th...
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Treasurys with longer maturities see their prices rise while those with shorter maturities see prices fall, flattening the yield curve.
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July 7 (Reuters) - Touchscreen chipmaker Atmel Corp said it would buy Newport Media, a maker of low-power Wi-Fi and bluetooth gear, for $140 million to gain ground in a technology that helps connect...
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* Canadian dollar at C$1.0640 or 93.98 U.S. cents * Bond prices mostly higher across maturity curve By Leah Schnurr TORONTO, July 7 (Reuters) - The Canadian dollar strengthened against the greenback...
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Larry Summers on Sunday came out in support of the Export-Import Bank, the bank whose future is stirring a heated debate in Congress . In an op-ed in The Financial Times , Summers argued the bank provides U.S. exporters the support...
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Plenty are calling for a correction, but stocks keep climbing and investors keep buying.
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NEW YORK, July 7 (Reuters) - A Manhattan federal judge has limited the ability of the trustee seeking money for victims of Bernard Madoff's Ponzi scheme to recoup sums that may have been fraudulently...
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TORONTO, July 7 (Reuters) - Canada's main stock index fell on Monday, hurt by a decline in shares of telecoms providers after comments from the industry minister about a new spectrum auction. The...
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German industrial output sustained its biggest drop in more than two years, surprising most analysts.
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July 7 (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email moves@thomsonreuters.com.
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July 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:
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Let's Gowex, a billion-dollar company that provided free WiFi services, went out of business over the weekend . On July 4, a few days after Gotham City Research published a scathing report calling Let's Gowex's revenues fraudulent, its C...
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S&P, Dow industrials pull back from records; 'Candy Crush' maker soars
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NEW YORK, July 7 (Reuters) - U.S. stocks edged lower on Monday in a modest pullback from record levels as investors held off from making big plays ahead of the of earnings season.
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LONDON/LISBON, July 7 (Reuters) - The naming of the first CEO from outside the founding clan of Banco Espirito Santo (BES) has reassured investors, but he will be under pressure to explain how...
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July 7 (Reuters) - Investment bank Greenhill & Co Inc appointed Carlo Bosco as a principal in its restructuring group in London.
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Average gas prices in Maine have fallen slightly more than half a cent in the last week.
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Gas prices in New Hampshire are creeping up, rising 1.1 cents per gallon in the past week.
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July 7 (Reuters) - Canadian convenience store and gasoline station operator Alimentation Couche-Tard reported a higher adjusted quarterly profit, helped by a jump in same-store sales in the United...
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Ohio gas prices have gone down again and remain below the national average.
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AAA Michigan says gasoline prices have fallen about 11 cents during the past week to a statewide average of about $3.78 per gallon.
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July 7 (Reuters) - PetSmart Inc said it is reviewing potential changes in its capital structure, days after activist hedge fund Jana Partners LLC said it planned to ask the pet products retailer to...
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Momentum investing — ‘the trend is your friend’ — can fit into your portfolio, writes Jonathan Burton.
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What's got 700 pages, tons of hype, and practically no readers? "Capital in the 21st Century," by French economist Thomas Piketty According to Jordan Ellenberg, a math professor at the University of Wisconsin, most readers didn't get pas...
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Argentina's Economy Minister Axel Kicillof will meet with the nation's creditors and a court-appointed mediator in New York this week to discuss settling with a group of holdout bond investors in an attempt to avoid a government default,...
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The Islamic militant group Hamas has threatened to retaliate for the Israeli airstrikes which have killed nine insurgents in the Gaza Strip region. The Palestine-based outfit said Israel will pay the price for the attack: "This is a grav...
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* Some 200,000 members of NUMSA union went on strike last week
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LONDON, July 7 (Reuters) - From a small, white-washed basement close to London's Liverpool Street station, Sakthi Ariaratnam is beating banks at what you would have thought was their own game - and...
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* PM won't risk economic stability as president, analysts say
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Coal industry representatives say lawsuits against mines in three Western states could have consequences across the U.S. as environmentalists seek changes in how mining is approved on federally owned reserves.
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Readers of e-book edition are mostly highlighting passages that appear in the first 26 pages of the bestseller
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July 7 (Reuters) - Macquarie Investment Management, the investment management arm of Macquarie Group, has appointed Steve Haswell as head of distribution, EMEA.
