Finance & Global Markets News
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July 15, 2014 from International Business TimesToyota was the first to mass produce a car whose powertrain uses both an internal combustion engine and an electric motor, and the Prius remains the most popular hybrid in the market even as competing brands are beginning to grab market ...
- More American citizens living abroad are thinking about giving up their U.S. citizenship thanks to a new set of tax laws enacted this month, and agreements between the Internal Revenue Service and thousands of foreign banks. The Foreign ...
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July 15, 2014 from MarketWatch.com - Financial Services Industry NewsSecond quarter earnings season is off to an encouraging start, says chief investment strategist Mark Luschini at Janney Montgomery Scott. But he says the reports thus far have been "light on forward-looking statements."
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July 15, 2014 from FinanceAccording to a report from The Wall Street Journal Espirito Santo International's main unit, Rioforte, is preparing to file for creditor protection soon. The Journal cites a person familiar with the situation. Rioforte, The Journal...
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July 15, 2014 from MarketWatch.com - Financial Services Industry NewsThe U.S. markets’ July price action remains technical, and bullish. Consider that the Dow Jones Industrial Average has briefly reached all-time highs this week, while the S&P 500 Index also holds within striking distance of uncharted ter...
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July 15, 2014 from Fin24 MarketsThe rand has eased against the dollar as prospects for an end to a strike in the metals sector dimmed, with employers withdrawing a final wage offer.
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July 15, 2014 from MarketWatch.com - Financial Services Industry NewsDefault could damage planned merger with Brazil’s Oi.
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July 15, 2014 from FinanceYellen said there were signs of a production and spending rebound in the second quarter, but 'this bears close watching.'
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July 15, 2014 from World MarketsBrent crude slipped towards $106 a barrel on Tuesday, as worries over Middle East and North Africa tensions eased.
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July 15, 2014 from Fin24 MarketsEuropean stocks have fallen as declining investor morale hit the DAX equity index and worries over Portugal's Banco Espirito Santo weakened the Lisbon market.
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July 15, 2014 from Reuters: Market NewsFARNBOROUGH, England, July 15 (Reuters) - Qatar Airways will seek compensation from Airbus for delays in the deliver of three of the European planemaker's A380 superjumbos, the Gulf carrier's chief...
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July 15, 2014 from Reuters: Market NewsMOSCOW, July 15 (Reuters) - Top Russian officials may soon forfeit the sleek black Mercedes limousines that speed them through the Kremlin gates in favour of home-produced cars as part of a push to...
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July 15, 2014 from Reuters: Market NewsWASHINGTON, July 15 (Reuters) - Following are highlights from the question and answer session of Federal Reserve Chair Janet Yellen's testimony before the Senate Banking Committee on Tuesday.
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July 15, 2014 from CNN/Money - MarketsA new report from the Fed suggests social media and bio tech stocks might be overvalued.
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July 15, 2014 from Reuters: Market News* Yellen says U.S. recovery incomplete, but certain stocks are over-valued
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July 15, 2014 from Reuters: Market News* VW declines comment on rumours of CEO contract extension
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July 15, 2014 from Reuters: Market NewsFARNBOROUGH, England July 15 (Reuters) - The supply of Russian titanium to aircraft manufacturers Airbus and Boeing will not be affected by the deterioration of East-West relations over the Ukraine...
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July 15, 2014 from Reuters: Market News* Worries over Espirito Santo empire's financial health persist
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July 15, 2014 from International Business TimesThe American west is locked in what’s likely to be recorded as the worst drought in U.S. history as farmers and industry from Texas to California despair over conditions so severe that California is expected to introduce statewide mandat...
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July 15, 2014 from International Business TimesGreenpeace International has fired a well-intentioned but misguided employee who lost the Amsterdam-based environmental advocacy group more than $5 million on a badly timed currency trade last year Greenpeace, funded solely by charitable...
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July 15, 2014 from Market Insider with Patti DommFed Chair Janet Yellen says some sectors, like social media and biotech, are seeing stretched valuations.
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July 15, 2014 from Reuters: Market NewsFor highlights from the question and answer session of Federal Reserve Chair Janet Yellen's testimony before the Senate Banking Committee on Tuesday, see.
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July 15, 2014 from World MarketsEuropean shares ended the day lower, with comments from U.S. Federal Reserve Chair Janet Yellen hitting sentiment.
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July 15, 2014 from Reuters: Market NewsMEXICO CITY, July 15 (Reuters) - Mexican petrochemical company Alpek on Tuesday said it is lowering its 2014 core profit guidance by 12 percent to around $500 million after weak results in the first...
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July 15, 2014 from Reuters: Market News* To sell Salem, Winston, KOOL and blu brands to Imperial Tobacco
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July 15, 2014 from Reuters: Market News* Espirito Santo group must pay back 847 mln euros on Tuesday
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July 15, 2014 from World MarketsStocks fell Tuesday after Federal Reserve Chair Janet Yellen said the central bank could hike rates sooner than expected.
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July 15, 2014 from Fin24 MarketsWall Street stocks have moved mostly higher in early trade following solid earnings and as investors awaited comment from the head of the US Federal Reserve.
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July 15, 2014 from MarketWatch.com - MarketWatch Breaking News BulletinsU.S. risks a fiscal crisis from rising debt, CBO says
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July 15, 2014 from The Economic Times -Global MarketsThe Russell 2000 small-cap index lost 1.1 per cent and the Global X Social Media ETF dropped 1.9 per cent. Facebook shares lost 2 per cent to $66.55.
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July 15, 2014 from Reuters: Market NewsLONDON, July 14 (Reuters) - Hard currency reserves across emerging markets excluding China have surged by around $100 billion from levels at the end of 2013 as central banks exploit this year's...
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July 15, 2014 from CNN/Money - MarketsRead full story for latest details.
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July 15, 2014 from Telegraph FinanceFed chairman warns on risk surrounding the US central bank's projections on economic growth, unemployment and inflation
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July 15, 2014 from MarketWatch.com - MarketWatch Breaking News BulletinsYellen says quantitative easing is a tool that may have to be used again
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July 15, 2014 from MarketWatch.com - Financial Services Industry NewsThey set the bar low to make ho-hum quarterly earnings look good, writes David Weidner.
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July 15, 2014 from Reuters: Market News* Central bank seen loosening monetary conditions (Adds details on lending and RRR)
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July 15, 2014 from Business News - Markets reports and financial news from SkyThe industry says the FCA's plans to protect consumers from spiralling debts will force many lenders out of business.
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July 15, 2014 from World MarketsU.S. Treasurys fell after testimony from the Fed chair indicated concern over "substantially stretched" asset prices.
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July 15, 2014 from Reuters: Market NewsWASHINGTON, July 15 (Reuters) - U.S. public debt remains on an unsustainable path and will reach 106 percent of economic output in 25 years versus about 74 percent currently, the Congressional Budget...
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July 15, 2014 from Reuters: Market News* Power infrastructure traditionally protected by keeping it off the web
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July 15, 2014 from Reuters: Market News(Adds details on trading volumes, other banks, analyst comment, updates stock price)
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July 15, 2014 from Reuters: Market News* Imperial shares down 4 pct (Adds comments from executives, analyst, bullet points)
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July 15, 2014 from Reuters: Market NewsFORTALEZA, Brazil, July 15 (Reuters) - The group of five BRICS emerging market countries is considering starting a joint infrastructure fund with initial capital of around $10 billion, a source close...
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July 15, 2014 from FinanceA holding company of Portugal's Espirito Santo banking family is preparing to file for creditor protection, sources said.
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July 15, 2014 from FinanceThomas Laresca, a 52-year-old market-maker and father of three, said he lost his Wall Street job because of CYNK Technology — a penny stock that's shocked the internet with its 25,000% rise in just a few weeks. CYNK Technolog...
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July 15, 2014 from Reuters: Market News* New York manufacturing hits highest level since April 2010
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July 15, 2014 from Reuters: Market News* TSX down 44.98 points, or 0.30 percent, at 15,126.25 * Six of the 10 main index sectors decline * Oil-price fall weighs on energy shares By John Tilak TORONTO, July 15 (Reuters) - Canada's main...
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July 15, 2014 from MarketWatch.com - Financial Services Industry NewsTreasury prices fall for a second day after a trio of economic data comes through largely positive and Yellen speaks before Congress.
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July 15, 2014 from Reuters: Market NewsWASHINGTON, July 15 (Reuters) - The World Bank has systemic defects in its procedures to ensure that people and the environment are not harmed in development projects, according to an internal review...
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July 15, 2014 from Reuters: Market NewsMEXICO CITY, July 15 (Reuters) - Mexican petrochemical company Alpek on Tuesday said it is lowering its 2014 core profit guidance to around $500 million after weak results in the first six months of...
- Banking News
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July 16, 2014 from NYT > Banking IndustryThe broad money supply jumped 14.7 percent last month from a year earlier, the highest in 10 months, the central bank said.
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July 15, 2014 from BankThinkBanks that want to stay ahead of the digital curve should consider hub-and-spoke branch models, products that blend digital and physical services and innovation labs that allow creative thinkers to experiment Â-- and even to fail.
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July 15, 2014 from MarketWatch.com - Financial Services Industry NewsSecond quarter earnings season is off to an encouraging start, says chief investment strategist Mark Luschini at Janney Montgomery Scott. But he says the reports thus far have been "light on forward-looking statements."
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July 15, 2014 from MarketWatch.com - Financial Services Industry NewsThe U.S. markets’ July price action remains technical, and bullish. Consider that the Dow Jones Industrial Average has briefly reached all-time highs this week, while the S&P 500 Index also holds within striking distance of uncharted ter...
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July 15, 2014 from MarketWatch.com - Financial Services Industry NewsDefault could damage planned merger with Brazil’s Oi.
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July 15, 2014 from Business: Banking | theguardian.comFrom The Full Monty to The Matrix, films have a lot to say on economics. Mary Poppins teaches us that banking is about confidence, and Some Like it Hot lays bare the trouble with capitalism Co-written and directed by Oliver Stone, and st...
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July 15, 2014 from BusinessLine - BankingTo offer cardless transactions, bill payments and statement requests
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July 15, 2014 from BusinessLine - BankingJudicial reforms that cause delays in the recovery process of Asset Reconstruction Companies must be addressed first
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July 15, 2014 from Forbes - Wall StreetTaking complex enterprise apps to a cloud operation is a challenge best met with specialized software.
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July 15, 2014 from TheStreet Search RSS Feed:
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July 15, 2014 from BusinessLine - BankingTo help banks overcome mismatches arising from the tenure of loans being longer than those of deposits and to encourage them to lend more to the infrastructure and affordable housing segme...
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July 15, 2014 from BusinessLine - BankingGurgaon-headquartered Canara HSBC Oriental Bank of Commerce Life Insurance Co Ltd – a joint venture between Canara Bank (51 per cent), Oriental Bank of Commerce (23 per cent) and HSBC Insurance...
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July 15, 2014 from Forbes - Wall StreetWhere there's smoke, there's often fire -- especially in a tobacco merger.
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July 15, 2014 from BusinessLine - BankingMuthoot Vehicle and Asset Finance Ltd (MVFL) has tied up with Maruti Suzuki India Ltd to provide vehicle finance for Maruti cars. The finance scheme — Muthoot Maruti Gold to Car Scheme (...
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July 15, 2014 from MarketWatch.com - Financial Services Industry NewsThey set the bar low to make ho-hum quarterly earnings look good, writes David Weidner.
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July 15, 2014 from Forbes - Wall StreetFederal Reserve Chair Janet Yellen testified before the Senate Banking, Housing and Urban Affairs Committee Tuesday.
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July 15, 2014 from Arabian Business - Banking & FinanceSultanate's second-largest lender by assets says it made profit of $33m in three months to June 30
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July 15, 2014 from BanksGoldman posted net income for shareholders of $1.95 billion, or $4.10 per share, in the three months ended June 30, up from $1.86 billion or $3.70 per share in the same period a year earlier. Rival banks Citigroup Inc and JPMorgan Chase&...
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July 15, 2014 from BanksA holding company of Portugal's Espirito Santo banking family is preparing to file for creditor protection, sources said.
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July 15, 2014 from TheStreet Search RSS Feed:
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July 15, 2014 from BankThinkAustralian banks give homeowners greater flexibility with portable loans and an option that lets customers make prepayments on their mortgages and tap into the extra cash later. American banks could increase customer retention Â-- ...
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July 15, 2014 from MarketWatch.com - Financial Services Industry NewsTreasury prices fall for a second day after a trio of economic data comes through largely positive and Yellen speaks before Congress.
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July 15, 2014 from TheStreet Search RSS Feed:
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July 15, 2014 from Business: Banking | theguardian.comBanking giants shrug off poor trading conditions and a lacklustre US economy to post better-than-expected figures Goldman Sachs and JP Morgan reported better-than-expected earnings on Tuesday even as poor trading conditions and a sluggis...
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July 15, 2014 from MarketWatch.com - Financial Services Industry NewsBy most estimates, mortgage rates were expected to climb this year, with rates on the 30-year fixed-rate mortgage predicted to exceed 5%. Instead, rates are now lower than they were this time in 2013 — much to the advantage of home buyers.
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July 15, 2014 from MarketWatch.com - Financial Services Industry NewsIf the labor market keeps improving faster than expected, the Fed may have to hike rates sooner than expected, Fed Chairwoman Janet Yellen said Tuesday, but that time has not yet come
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July 15, 2014 from American Banking News
Research analysts at Nomura boosted their price objective on shares of Philip Morris International (NYSE:PM) from $74.20 to $74.80 in a report released on Tuesday. Nomura’s target price would suggest a potential downside of 12.97% ... -
July 15, 2014 from American Banking News
Investment analysts at Credit Suisse raised their price objective on shares of Phillips 66 Partners (NASDAQ:PSXP) from $55.00 to $70.00 in a note issued to investors on Tuesday. Credit Suisse’s price objective would indicate a pote... -
July 15, 2014 from American Banking News
Analysts at Morgan Stanley initiated coverage on shares of Pinnacle Foods (NYSE:PF) in a research report issued to clients and investors on Tuesday. The firm set an “equal weight” rating and a $32.00 price target on the stock... -
July 15, 2014 from American Banking News
Deutsche Bank lowered their target price on shares of Qlik Technologies (NASDAQ:QLIK) from $28.00 to $26.00 in a research note issued on Tuesday. Deutsche Bank’s price objective suggests a potential upside of 18.72% from the compan... -
July 15, 2014 from Banks*Bulgaria to be first non-euro zone bank to join mechanism. SOFIA, July 15- Bulgaria's central bank has begun talks with the European Banking Authority about conducting a review of the quality of its banking supervision, it said on ...
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July 15, 2014 from American Banking News
Analysts at Robert W. Baird increased their price objective on shares of Rexnord Corp (NYSE:RXN) from $31.00 to $32.00 in a research report issued to clients and investors on Tuesday. Robert W. Baird’s price objective indicates a p... -
July 15, 2014 from MarketWatch.com - Financial Services Industry NewsPlug Power jumps after getting a buy rating and Lorillard is down on news of a merger with Reynolds American.
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July 15, 2014 from American Banking News
Barclays hoisted their target price on shares of RF Micro Devices (NASDAQ:RFMD) from $7.00 to $10.00 in a research note issued on Tuesday. Barclays’ price target would suggest a potential upside of 2.04% from the stock’s prev... -
July 15, 2014 from American Banking News
Investment analysts at Nomura increased their price target on shares of Select Comfort Corp. (NASDAQ:SCSS) from $18.00 to $20.00 in a note issued to investors on Tuesday. The firm currently has a “neutral” rating on the stock... -
July 15, 2014 from American Banking News
Equities researchers at Pivotal Research hoisted their price objective on shares of Sirius XM Holdings (NASDAQ:SIRI) from $3.75 to $4.25 in a research report issued on Tuesday. Pivotal Research’s target price suggests a potential u... -
July 15, 2014 from American Banking News
Stock analysts at Barclays hoisted their price objective on shares of Skyworks Solutions (NASDAQ:SWKS) from $40.00 to $44.00 in a report issued on Tuesday. The firm currently has an “equal weight” rating on the stock. Barclay... -
July 15, 2014 from American Banking News
Stock analysts at JPMorgan Chase & Co. upped their price target on shares of SolarCity Corp (NASDAQ:SCTY) from $72.00 to $77.00 in a report issued on Tuesday. JPMorgan Chase & Co.’s target price indicates a potential upsi... -
July 15, 2014 from American Banking News
Research analysts at Jefferies Group decreased their price objective on shares of Southern Copper Corp (NASDAQ:SCCO) from $47.00 to $46.00 in a report released on Tuesday. Jefferies Group’s price target would suggest a potential up... -
July 15, 2014 from American Banking News
Equities researchers at Robert W. Baird boosted their target price on shares of Sun Hydraulics (NASDAQ:SNHY) from $44.00 to $46.00 in a research report issued on Tuesday. Robert W. Baird’s target price suggests a potential upside o... -
July 15, 2014 from American Banking News
Research analysts at JPMorgan Chase & Co. raised their price objective on shares of SunPower (NASDAQ:SPWRA) from $40.00 to $43.00 in a report released on Tuesday. JPMorgan Chase & Co.’s target price suggests a potential u... -
July 15, 2014 from American Banking News
Universal Electronics (NASDAQ:UEIC) was upgraded by equities research analysts at Avondale Partners to an “outperform” rating in a research note issued to investors on Tuesday. Universal Electronics (NASDAQ:UEIC) traded up 2.... -
July 15, 2014 from American Banking News
Peregrine Pharmaceuticals (NASDAQ:PPHM)‘s stock had its “buy” rating restated by investment analysts at Roth Capital in a note issued to investors on Tuesday. Peregrine Pharmaceuticals (NASDAQ:PPHM) traded down 1.70% on... -
July 15, 2014 from MarketWatch.com - Financial Services Industry NewsRegulators near deal to resolve probe into alleged attempts to manipulate benchmark interest rates.
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July 15, 2014 from American Banking News
Cardinal Health (NYSE:CAH) has earned an average rating of “Buy” from the nineteen ratings firms that are currently covering the stock, Stock Ratings Network.com reports. Three equities research analysts have rated the stock ... -
July 15, 2014 from American Banking News
Shares of Medtronic (NYSE:MDT) have earned a consensus recommendation of “Buy” from the nineteen analysts that are currently covering the company, American Banking News.com reports. Four investment analysts have rated the sto... -
July 15, 2014 from American Banking News
Shares of Emerson Electric (NYSE:EMR) have been given a consensus rating of “Hold” by the thirteen analysts that are presently covering the stock, AnalystRatingsNetwork reports. Seven analysts have rated the stock with a hold... -
July 15, 2014 from American Banking News
Shares of Manulife Financial (NYSE:MFC) have been given an average rating of “Buy” by the ten analysts that are currently covering the stock, AnalystRatings.Net reports. Three research analysts have rated the stock with a hol... -
July 15, 2014 from American Banking NewsRexnord Corp (NYSE:RXN) has earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, ARN reports. One equities research analyst has rated the stock with a sell recommendation, two h...
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July 15, 2014 from BanksJPMorgan Chase reported quarterly earnings and revenue that topped analysts' expectations on Tuesday.
