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U.S. GDP revision, higher oil boost stocks

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 30, 2017. REUTERS/Brendan McDermid Equities in world markets edged higher on Thursday, led by gains on Wall Street after an upward revision to U.S. economic growth, whil... More »

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Healthcare vote delay worries stocks, dollar

FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo All eyes in global financial markets were fixed on stuttering Republican efforts to pass a replacement for Obamacare on Friday, wit... More »

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Wells Fargo CEO receives pay bump despite sales scandal

A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Wells Fargo & Co’s board of directors awarded Chief Executive Timothy Sloan $12.8 million for his work last year, a 17 percent increase, despite scrapping executive bon... More »

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Now not time to take more risk in junk bonds: BlackRock`s Rieder

Rick Rieder, BlackRock’s Global Chief Investment Officer, speaks during the Reuters Global Investment Outlook Summit in New York City, U.S., November 14, 2016. REUTERS/Brendan McDermid Markets are emboldened by the tone of monetary policymakers following an in... More »

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Fashion house BCBG Max Azria files for bankruptcy

A worker sits next to the runway before the BCBG Max Azria Fall 2015 collection show during New York Fashion Week February 12, 2015. REUTERS/Eric Thayer Fashion house BCBG Max Azria Group LLC filed for bankruptcy protection on Wednesday, the latest casualty in... More »

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Once struggling loans return on red-hot demand

A man wears U.S. dollar sign rings in a jewellery shop in Manhattan in New York City November 6, 2014. REUTERS/Mike Segar Web conferencing provider Premiere Global Services (PGi) is considering a return to the loan market to reprice its debt and even add a lit... More »

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Stocks fall, dollar poised for weekly loss as Trump rally pauses

A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2016. REUTERS/Toru Hanai Bond market jitters spilled over into stocks on Friday, pulling European indexes lower for a third straight session, and the dollar was poised for a ... More »

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Dorsey`s Square reports smaller-than-expected quarterly loss

Signage for Square Inc. covers the front of the New York Stock Exchange celebrating the company’s IPO November 19, 2015. REUTERS/Lucas Jackson Payments processor Square Inc (SQ.N) reported better-than-expected quarterly results on Wednesday, helped by its effo... More »

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U.S. fund investors less skittish on international stocks

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 16, 2017. REUTERS/Brendan McDermid Investors galloped into stocks for the third straight week, delivering U.S.-based funds invested in companies abroad the most cash si... More »

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Global stocks top 2016 gains, dollar up before Fed minutes

A trader walks past the German DAX Index board on the trading floor at the Frankfurt stock exchange in Frankfurt, Germany, February 15, 2017. REUTERS/Ralph Orlowski Global stocks hit record highs on Wednesday, pushing gains for the year above those for all of ... More »

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Greece, lenders agree to work out new reforms to unblock aid

Greek Finance Minister Euclid Tsakalotos talks to European Economic and Financial Affairs Commissioner Pierre Moscovici (R) during a eurozone finance ministers meeting in Brussels, Belgium February 20, 2017. REUTERS/Francois Lenoir Greece and its international... More »

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New delinquent U.S. car loans at 8-year peak: NY Fed survey

A potential car buyer looks at vehicles on a lot in Silver Spring, Maryland, September 1, 2009. REUTERS/Jason Reed More Americans fell behind on their car loan payments in the fourth quarter, bringing auto delinquencies to their highest since the height of the... More »

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Euro zone, IMF agree on a common stance on Greece: official

A Greek flag flutters in the wind as tourists visit the archaeological site of the Acropolis hill in Athens, Greece July 26, 2015. REUTERS/Ronen Zvulun/File Photo Euro zone lenders and the International Monetary Fund have reached agreed between themselves to p... More »

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Oil fuels stocks rally, bond market pressure eases

A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2016. REUTERS/Toru Hanai Stocks rose in Europe and Asia on Thursday and yields fell on some of the euro zone’s battered low-rated bonds as investors put aside the political r... More »

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Political jitters keep euro, French debt under pressure

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, February 1, 2017. REUTERS/Staff/Remote Political uncertainty ahead of European elections prompted nervous investors to sell the euro a... More »

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Venezuela issues $5 billion to state-run bank: source

People line up to get into a Banco de Venezuela branch in San Antonio del Tachira, Venezuela December 13, 2016. REUTERS/Carlos Eduardo Ramirez Venezuela has issued $5 billion in bonds maturing in 2036 to a state-owned bank, a source familiar with the situation... More »

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New Year, new high for euro zone stock markets

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, December 30, 2016. REUTERS/Staff/Remote Euro zone stocks opened 2017 by climbing to their highest in more than a year on Monday after ... More »

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U.S. fund investors cheer stocks at year`s end

Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly Investors’ enthusiasm for equities and corporate bonds showed little sign of waning during the latest week, with funds in ... More »

How JPMorgan could not save Italy`s problem bank

The main entrance of the Monte dei Paschi bank headquarters is seen in Siena, Italy March 13, 2012. REUTERS/Max Rossi/File Photo On the morning of July 29, former Italian Industry Minister Corrado Passera was traveling in a high-speed train towards the medieva... More »

How Deutsche`s big bet on Wall Street turned toxic

A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany September 30, 2016. REUTERS/Kai Pfaffenbach/File Photo Deutsche Bank’s pursuit of success on Wall Street has come at a high price, a $7 billion plus penalty illustrating the... More »

Hopes rise that high-risk lending curbs will ease under Trump

People sit outside the New York Stock Exchange (NYSE) during the morning commute in New York City, U.S., September 15, 2016. REUTERS/Brendan McDermid – US leveraged lending guidelines could ease if a Wall Street-friendly Trump administration tells regulators t... More »

Euro zone seeks compromise on Greek debt ahead of IMF deadline

Euro coins are seen in front of a displayed Greece flag in this picture illustration, June 29, 2015. REUTERS/Dado Ruvic/File Photo Euro zone finance ministers hope to reach a compromise on Greek reforms on Monday in a final bid to get International Monetary Fu... More »

Rising rates test resolve of investors who piled into bonds

Dawn Fitzpatrick, global head of equities, multi-asset and the O’Connor hedge fund businesses at UBS Asset Management, speaks during the Reuters Global Investment Outlook Summit in New York City, U.S., November 17, 2016. REUTERS/Brendan McDermid Investors who ... More »

Dollar soars as U.S. yields spike- shares divided

The German share prize index (DAX) board is seen at the trading room of Frankfurt’s stock exchange (Boerse Frankfurt) during trading session in Frankfurt Germany, October 14, 2016. REUTERS/Kai Pfaffenbach The U.S. dollar hit an 11-month peak on Monday as the r... More »

SEC fraud trial of `Diva of Distressed` Tilton wraps up

New York financier Lynn Tilton, (L) founder of private equity firm Patriarch Partners, exits the U.S. District courthouse with her lawyer Randy Mastro (R) in New York City, U.S., November 1, 2016. REUTERS/Brendan McDermid A lawyer for financier Lynn Tilton on ... More »

Mozambique upbeat on debt crisis, investors not so sure

A fisherman repairs nets in Maputo, Mozambique, September 26, 2016. REUTERS/Grant Lee Neuenburg/File Photo Mozambique’s finance minister has a plan to deal with a debt crisis that threatens to derail one of Africa’s most promising frontier economies but invest... More »

Brexit ruling tops Trump as tensions ease

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, November 2, 2016. REUTERS/Staff/Remote The pound jumped on Thursday after a UK court ruled that parliament must approve a government d... More »

`Diva of Distressed` Tilton takes stand in SEC fraud trial

New York financier Lynn Tilton, (L) founder of private equity firm Patriarch Partners, exits the U.S. District courthouse with her lawyer Randy Mastro (R) in New York City, U.S., November 1, 2016. REUTERS/Brendan McDermid Financier Lynn Tilton took the stand o... More »

Oil off the boil, shares toil, sterling in trouble

A man stands next to an electronic board showing stock prices in Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon World shares tapped the brakes on Tuesday as oil prices eased back from their highest level of the year, while Britain’s sterling took anothe... More »

Wall Street gains- oil`s rise fuels energy shares

A man stands next to an electronic board showing stock prices in Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon Major U.S. stock indexes gained on Wednesday, boosted by financial shares amid encouraging economic data and by the energy sector as oil pric... More »

BlackRock to offer infrastructure funds via independent advisers

The BlackRock logo is seen outside of its offices in New York January 18, 2012. B REUTERS/Shannon Stapleton/File Photo BlackRock Inc (BLK.N), the world’s largest asset manager, will offer infrastructure funds for the first time through independent financial ad... More »

World stocks get the jitters as U.S. presidential debate looms

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 21, 2016. REUTERS/Staff/Remote European and Asian shares retreated on Monday as investors waited to see how Donald Trump wou... More »

Selloff gathers pace as stimulus pullback fears deepen

Passersby walk past in front of electronic boards showing Japan’s Nikkei share average (L), the Japanese yen’s exchange rate against the U.S. dollar (C), British pound (R) and Euro (2nd R) outside a brokerage in Tokyo, Japan, July 6, 2016. REUTERS/Issei Kato –... More »

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Putin, Obama discuss Syria, Ukraine at G20: Russian agencies

Russian President Vladimir Putin and U.S. President Barack Obama discussed the conflicts in Syria and Ukraine at their meeting on the sidelines of the Group of 20 summit in China’s Hangzhou, Russian media cited the Kremlin spokesman as saying on Monday. More »

China shares hit seven-month high- world yields keep falling

By Marc Jones | LONDON LONDON World shares set up camp at one-year peaks on Monday as a rally in Chinese stocks helped offset news that Japan’s economic growth had ground to a halt last quarter, while oil prices extended their latest rally. Europe’s main bours... More »

Stocks choppy, Kiwi soars after rate cut

LONDON World shares hovered close to one-year highs on Thursday as oil prices dropped for a third straight day and the latest interest rate cut in a developed market – this time New Zealand – got a lukewarm reaction from investors. The slip in crude markets le... More »

ECB keeps door open to easing after holding rates steady

FRANKFURT The European Central Bank kept interest rates unchanged on Thursday but left the door open to more policy stimulus, highlighting “great” uncertainty and abundant risks to the economic outlook. Signalling a readiness to act, ECB President Mario Draghi... More »

Surprise: Social Security benefits are for children too

CHICAGOYou have heard of greedy geezers: that mythical army of militant seniors out to defend their Social Security benefits at any cost, even if it robs their own children and grandchildren of their futures. The greedy geezer trope, invented by now-retired Se... More »

Puerto Rico’s fiscal challenges not over: governor

WASHINGTON Puerto Rico, the U.S. commonwealth that recently declared a historic default, could be shut out of debt markets for two more years as it battles with fiscal challenges, the island’s governor said on Tuesday. Governor Alejandro Garcia Padilla said em... More »

Top BlackRock strategist sees further sterling fall

NEW YORK The British pound could weaken further in the next six months even if it enjoys a temporary rebound, a top BlackRock Inc investment strategist said on Friday after Britain voted to exit the European Union. “Sterling will weaken from here over the next... More »

European shares drop, oil jumps on Goldman view

LONDON European shares fell in subdued, holiday-squeezed trade on Monday, unable to maintain the momentum of Asian stocks that shrugged off sub-par Chinese economic data to eke out modest gains. Wall Street appeared set to open flat to marginally higher, accor... More »

Your Money: Money-smart gifts for college grads

NEW YORK For college graduates entering a challenging job market, some of whom are carrying tremendous student loan debt, any gift to help them better manage their money is both practical and welcome. The following are three ways to help recent graduates find ... More »

IMF chief denies threat to pull out of Greek bailout

ATHENS/WASHINGTON International Monetary Fund Managing Director Christine Lagarde denied on Sunday that IMF staff would push Greece closer to default as a negotiating tactic on a new Greek bailout deal, which she said was “still a good distance away.” Lagarde ... More »

Buffett defends Clayton Homes after critics fault its lending

NEW YORK At last May’s annual meeting of his Berkshire Hathaway Inc, Warren Buffett said he had “no apologies whatsoever” for the lending practices of the company’s Clayton Homes mobile home unit, which had been accused in a published report of predatory lendi... More »

Global political risks push investors to bulk up cash defenses

HONG KONG/SINGAPORE With the threat of a UK exit from the European Union no longer just a distant prospect, already battered investors are shoring up defensive positions against a host of intensifying geopolitical risks, including a “Brexit”. Investors typical... More »

European stocks plunge as Lunar New Year offers no cheer

LONDON European shares plunged to 16-month lows on Monday, extending a aggressive sell-off, while bond yields and oil also fell as investors shed risky assets on persistent concern over the pace of global growth. Data over the weekend showing China’s foreign r... More »

Global stocks, dollar struggle ahead of Fed as oil falters

LONDON European stocks succumbed to another slide in oil prices on Wednesday as markets waited cautiously to see what the Federal Reserve’s reaction will be to what has been a brutal start to the year for world markets. Asian and particularly Chinese bourses .... More »

Shares, oil steady in Europe after China sends Asia sprawling

LONDON World stocks fell to near 2-1/2 year lows on Monday as a fresh pounding for Chinese markets left Asia at a four-year trough and sent oil and commodity markets sprawling again. Europe’s main bourses saw a more steady start to the week but investors were ... More »

Russia says IMF’s decision on Ukraine debt changes nothing

BEIJING The International Monetary Fund’s decision on Ukraine’s debt to Russia did not change anything to Moscow, Russian Deputy Finance Minister Sergei Storchak told reporters in Beijing on Thursday. The International Monetary Fund’s Executive Board decided t... More »

What the Fed rate hike means to you, and your wallet

LOS ANGELES For everyone who has been saying interest rates can only go up, well – now is their time. But what does the Federal Reserve’s decision to raise interest rates actually mean for your wallet? Probably not much for the near-term. One small interest ra... More »

Draghi disappointment raises doubts over ECB inflation powers

LONDON A perceived lack of ambition in the European Central Bank’s latest stimulus efforts left financial markets with a niggling worry on Thursday that even ‘Super Mario’ Draghi might not be able to drag euro zone inflation back up to target. A bare minimum 0... More »

Shares, euro fall, oil and gold up after Paris attacks

LONDON The euro hit its weakest in more than six months against the yen on Monday as investors sought safety in gold and low-risk government debt after Friday’s attacks in Paris. Oil prices edged up after France launched large-scale air strikes against Islamic... More »

Junk-rated and oil and gas loans worry U.S. bank regulators

Banks’ exposure to junk-rated companies and the oil and gas sector remains high, according to an annual report on loan quality by U.S. bank regulators released Thursday. The regulators gave a negative classification to $372.6 billion out of $3.9 trillion in lo... More »

Global stocks slip, but post best month in four years- oil gains

NEW YORK Oil gained on Friday while stocks on Wall Street closed lower even as major U.S. and European stock indices posted their best month in at least four years, boosted in part by accommodative monetary policies in the euro zone and Japan. Oil prices rose ... More »

Stocks rally, euro falls as ECB open to more stimulus

NEW YORK Stocks rose in the United States and Europe and the dollar hit a three-week high against the euro after European Central Bank President Mario Draghi said further rate cuts were being considered to stimulate the euro zone economy. The ECB, as widely ex... More »

Global stocks at two-month highs, dollar up- oil down for week

NEW YORK Stocks in major world markets rose to a two-month high on Friday and the dollar ticked up, boosted by views that the European Central Bank may provide more stimulus to the euro zone economy. Oil prices rose nearly 2 percent as traders covered short po... More »

Credit Suisse set to launch ‘substantial’ capital raising: FT

ZURICH Swiss bank Credit Suisse plans to tap investors for a “substantial” capital raising to fund a restructuring of the bank under new Chief Executive Tidjane Thiam, the Financial Times said on Thursday. Since taking charge of Credit Suisse in July, Thiam ha... More »

Global stocks end worst quarter in four years on upbeat note

NEW YORK Global equities ended their worst quarter since the 2011 euro zone crisis on an upbeat note with a rally on Wednesday on hopes that Wall Street had bottomed and the commodities rout was over, while the dollar also rose. Major equity indexes around the... More »

Altice expands in U.S. with $17.7 billion Cablevision deal

PARIS Altice NV (ATCA.AS), one of the most acquisitive European telecoms groups, made a major move into the U.S. market on Thursday with a deal to buy fourth-largest operator Cablevision Systems Corp (CVC.N) for $17.7 billion including debt. Altice founder Pat... More »

Greek bailout review in October to pave way for debt talks

BRUSSELS International creditors expect the first review of Greek reforms under the latest bailout to start in October, bringing changes to a memorandum of understanding signed with Athens and paving the way for debt rescheduling talks, euro zone officials sai... More »