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2024-11-05 | Bloomberg | U.S. October ISM Non-Manufacturing Report on Business (Text) | Following is the text of U.S. non- manufacturing conditions from the Institute for Supply Management. NMI at 54.2%; October Non-Manufacturing ISM Report On Business; Business Activity Index at 55.4%; New Orders Index at 54.8%; Employment Index at 54.9% DO NOT CONFUSE THIS NATIONAL REPORT with the various regional purch... |
2024-03-16 | Bloomberg | Medicare Declines to Issue Rule on Anemia Drug Coverage | The agency that administers Medicare, the U.S. health insurance program, declined to propose a coverage decision for when the government should pay for anemia drugs by Amgen Inc. (AMGN) and Johnson & Johnson. (JNJ) The no-decision , if made final, leaves coverage determination in the hands of regional contractors that... |
2024-09-15 | Bloomberg | King of Rinds Has 2 Contenders as Hispanic Surge Fattens Sales | To make Baken-ets pork rinds for No. 1 client Frito-Lay, the $13 billion-a-year snack arm of PepsiCo Inc., Rudolph Foods Inc. uses what it calls a secret two-step process at its flagship plant in Lima , Ohio -- “the pork rind capital of the world,” Rudolph claims. Pork skins, removed from slaughtered pigs by mechanical... |
2024-11-09 | Bloomberg | Austrian Watchdog to Gain Company Accounts Oversight in Proposal | Austria’s financial watchdog will be empowered to regulate accounting practices and financial reports under a government proposal to bring the country into compliance with an eight-year-old European Union law. The Finanzmarktaufsicht , known as the FMA, will gain the authority to check auditing practices and financial ... |
2024-05-27 | Bloomberg | Lloyd’s of London Prepared for Greece Euro Exit, Telegraph Says | Lloyd’s of London Ltd. is prepared for a collapse of the European single currency that may be triggered if Greece leaves the euro, The Sunday Telegraph said, citing an interview with Chief Executive Officer Richard Ward. Lloyd’s has a contingency plan to switch from euro underwriting to multi-currency settlement if Gre... |
2024-04-17 | Bloomberg | U.S. Amasses Data on 10 Million Consumers as Banks Object | The new U.S. consumer finance watchdog is gearing up to monitor how millions of Americans use credit cards, take out mortgages and overdraw their checking accounts. Their bankers aren’t happy about it. The Consumer Financial Protection Bureau is demanding records from the banks and is buying anonymous information about... |
2024-03-18 | Bloomberg | Xiao Quits Bank of China to Take Helm at Securities Watchdog | Xiao Gang, who stepped down yesterday as chairman of Bank of China Ltd. , will take on the challenge of restoring confidence in Asia’s third-largest stock market as head of the nation’s securities regulator. His appointment was announced to China Securities Regulatory Commission staff at a meeting yesterday, according ... |
2024-12-16 | Bloomberg | Hoku, Jakks Pacific, LinkedIn, Phoenix Cos.: U.S. Equity Preview | Shares of the following companies may have unusual moves in U.S. trading on Dec. 19. Stock symbols are in parentheses. Hoku Corp. (HOKU) : The Honolulu-based energy products company said Chief Financial Officer Darryl Nakamoto resigned, effective March 31. Jakks Pacific Inc. (JAKK) : The toymaker slashed its 2011 adjus... |
2024-11-01 | Bloomberg | Credit-Default Swaps Little Changed After Manufacturing Report | The cost of protecting U.S. corporate bonds from default was little changed following three days of gains after a report showed October manufacturing expanded by the fastest in five months while consumer spending rose less than expected. The Markit CDX North America Investment Grade Index, which investors use to hedge ... |
2024-06-15 | Bloomberg | Turkish Banks May Be Hurt by Guarantee Proposals, Oyak Says | Turkish banking industry profit will be hurt by a proposed increase in deposit guarantees to their customers, Oyak Securities said. An increase in the savings deposit insurance guarantee to the European Union average of 100,000 euros ($144,000) from 50,000 liras ($31,000) would affect 2.5 percent of depositors in Turke... |
2024-10-23 | Bloomberg | Citigroup Reviving Bond Underwriting Couldn’t Save Pandit | Citigroup Inc. (C) , which last week ousted Chief Executive Officer Vikram Pandit over management missteps, is staging a comeback in corporate-bond underwriting as it helps overseas companies borrow in the U.S. Citigroup, the top underwriter of bond sales worldwide in the decade before the 2008 financial crisis, manage... |
2024-12-16 | Bloomberg | Flaherty Urges Canadian Provinces to Balance Budgets, Pool Pension Funds | Canada’s Finance Minister Jim Flaherty said provincial governments should seek to balance their budgets in the “medium term,” which he described as about 2015. “I’m going to encourage all the provinces and territories to get to balance,” he told reporters in Ottawa today. Flaherty, who said in October that Canadian def... |
2024-08-29 | Bloomberg | Canadian Imperial Profit Rises 5.8% on Wealth Management Gains | Canadian Imperial Bank of Commerce , the country’s fifth-largest lender by assets, said third-quarter profit rose 5.8 percent, lifted by its wealth-management unit. Net income for the quarter ended July 31 climbed to C$890 million ($847 million), or C$2.16 a share, compared with C$841 million, or C$2, a year earlier, t... |
2024-11-07 | Bloomberg | BHP, Qantas Airways, QBE, Sphere, Woodside: Australian Stock Preview | The following is a list of companies whose shares may rise or fall in Australia. This preview includes news announced after markets closed on Nov. 5. All prices are from that day’s close unless otherwise stated. The S&P/ASX 200 Index futures contract due in December gained 0.4 percent to 4,829 as of 7:59 a.m. in Sydney... |
2024-05-16 | Bloomberg | Statement by the IMF Mission to Italy (Text) | Following is the text of the mission statement from the International Monetary Fund visit to Italy : With broad political support, the authorities have embarked on an ambitious and wide-ranging agenda that has lifted Italy from the brink and is now seen as a model for fiscal stabilization and growth-enhancing reforms. ... |
2024-10-11 | Bloomberg | Singapore Plans ‘Judicious’ Management of Dollar as Economic Growth Slows | Singapore said its economy will probably expand at a slower pace in the next few years and the central bank will continue “judicious management” of its currency to curb inflation and support growth. The island’s expansion will be affected by a “more uncertain” global economy and the government will increase spending in... |
2024-09-20 | Bloomberg | Buffett Calls Fed History’s Greatest Hedge Fund | Billionaire investor Warren Buffett compared the U.S. Federal Reserve to a hedge fund because of the central bank’s ability to profit from bond purchases while accumulating a balance sheet of more than $3 trillion. “The Fed is the greatest hedge fund in history,” Buffett told students yesterday at Georgetown University... |
2024-05-31 | Bloomberg | Dodd-Frank Exemption for Single N.Y. Bank Advances in House | A New York City bank with $10.5 billion in assets would be the sole beneficiary of a Dodd-Frank Act exemption approved today by the House Financial Services Committee. Emigrant Bank asked lawmakers on the committee to approve a change to the 2010 financial-regulation overhaul law that will save the institution $300 mil... |
2024-09-02 | Bloomberg | IDB Yield Hits Record, Shares Drop on Rating Cut: Tel Aviv Mover | The yield on IDB Holding Corp. (IDBH) ’s 2020 bond soared to a record and the shares fell after its credit rating was cut and accountants questioned the viability of the owner of Israel’s biggest mobile-phone provider. The yield on IDB’s 5.1 percent notes maturing in December 2020 jumped 170 basis points, or 1.7 percen... |
2024-12-23 | Bloomberg | Baht Set for Weekly Gain on Flood-Insurance Inflow Speculation | Thailand ’s baht was poised for its first weekly gain in three amid speculation overseas insurance companies will increase demand for the currency to pay for claims related to the nation’s worst floods in almost 70 years. The currency gained today as the MSCI (MXAP) Asia-Pacific Index of shares snapped two weeks of dec... |
2024-03-15 | Bloomberg | Silvia, Hoffman Say Fed’s Statement Suggests No Need for QE3 | John Silvia , chief economist at Wells Fargo Securities LLC , and Stuart Hoffman , chief economist at PNC Financial Services Group Inc., said the Federal Reserve ’s statement today indicates that there will be no third round of quantitative easing by the central bank. They spoke after Fed officials met in Washington to... |
2024-07-16 | Bloomberg | Manacled Mormon, Cloned Pooch Headline Errol Morris’s ‘Tabloid’ | Errol Morris has gotten movie ideas from weird newspaper stories about pet cemeteries and a Florida town where residents cut off their limbs to collect insurance money. No wonder his new documentary is called “ Tabloid .” It’s about a former beauty queen, Joyce McKinney, who allegedly kidnapped her ex-boyfriend, chaine... |
2024-05-17 | Bloomberg | Biggest Investment Boom in Two Decades Spurs 4% Growth on Emerging Markets | Investment spending in emerging markets is outpacing expenditures in developed economies for the first time, as a surge in infrastructure supports global growth and profits at companies from Siemens AG (SIE) to Caterpillar Inc. (CAT) The “biggest investment boom of recent decades” will help boost expansion worldwide a... |
2024-06-14 | Bloomberg | Iraq Veteran West Won’t Flinch at Selling Medicare Cuts to Florida Seniors | If some U.S. House Republicans are having qualms about the political fallout over their plan to privatize Medicare, Allen West isn’t one of them. Less than two weeks after voter opposition to the Medicare proposal helped elect a Democrat to an open House seat in New York, West offered constituents in his south Florida ... |
2024-04-07 | Bloomberg | Obama Policies Echo Clinton’s 1990s Best of Times | A newly elected Democratic president pushes a controversial tax increase through Congress without a single Republican vote. A veteran Federal Reserve chairman holds short-term interest rates at record lows. And the economy struggles to recover from a financial crisis. 2013? No, 1993, when Bill Clinton was president, Al... |
2024-03-15 | Bloomberg | Iran Drops Four Places Among Indian Oil Suppliers Amid Sanctions | Iran slid four places to become India ’s seventh-largest crude supplier from April to December, as the South Asian nation reduced imports from the Persian Gulf state because of global sanctions. The Middle East producer exported 9.7 million metric tons of crude to India, Asia ’s second-biggest energy consumer, in the f... |
2024-10-03 | Bloomberg | BofA, JPMorgan Face $13.5 Billion in FHA Claim Costs, FBR Says | Bank of America Corp. (BAC) , JPMorgan Chase & Co. (JPM) and Wells Fargo & Co. (WFC) are among mortgage servicers that may face $13.5 billion in costs if the Federal Housing Administration rejects insurance claims on soured loans, according to FBR Capital Markets Corp. Denials from the FHA, which insures loans made by ... |
2024-05-10 | Bloomberg | Europe’s Leaders Can Save Union for 320 Euros per German | Europe ’s chaotic political landscape is doing an excellent job of exposing a fundamental flaw in the euro area: the lack of a mechanism to revive growth in hard-hit economies. Recent elections in Greece , France and Italy , where anti- austerity candidates made major gains, have demonstrated the failure of policies th... |
2024-10-06 | Bloomberg | Former SEC Watchdog Kotz Violated Ethics Rules, Review Finds | The former internal watchdog for the U.S. Securities and Exchange Commission violated ethics rules by overseeing investigations that touched on people with whom he had “personal relationships,” an outside review found. H. David Kotz , who resigned as the agency’s inspector general in January amid questions about his ta... |
2024-04-12 | Bloomberg | Black’s Apollo Strengthens Former Drexel Links With Push Into Brokerages | Leon Black’s Apollo Global Management LLC is joining private-equity firms that have their own broker-dealers, relying in part on an investment bank built by his former boss at Drexel Burnham Lambert Inc. Apollo, which is based in New York , invested an undisclosed amount in preferred stock of Morgan Joseph TriArtisan L... |
2024-11-10 | Bloomberg | Canada's Dollar Rises to Seven-Week High Against Euro on Commodity Outlook | Canada’s dollar climbed to the highest level in seven weeks against the euro on speculation Europe’s sovereign-debt crisis will make currencies related to commodities more attractive. The loonie rose versus all of its most-traded counterparts after dropping against most of them in October on concern a stalled U.S. reco... |
2024-07-12 | Bloomberg | What Glass-Steagall 2 Gets Wrong: Everything | A new bill proposed by, among others, Senators John McCain and Elizabeth Warren, misses the point about what caused the financial crisis. The so-called Glass-Steagall 2 would do nothing to protect us from the devastation we recently experienced. Worse, it threatens to distract attention away from legitimate reform effo... |
2024-12-01 | Bloomberg | Toyota Gains as U.S. Auto Sales Accelerate | Toyota (7203) Motor Corp., posting its first monthly sales increase since April, joined Chrysler Group LLC and Nissan Motor Co. in topping analysts’ estimates, leading to the best U.S. light-vehicle sales pace in more than two years. Toyota deliveries rose 6.7 percent in November to 137,960 cars and light trucks, the T... |
2024-02-26 | Bloomberg | U.S. Stocks Advance Amid Better-Than-Estimated Reports | U.S. stocks gained, following the biggest decline in benchmark indexes since November, amid better-than-estimated housing and consumer confidence data. PulteGroup Inc. (PHM) and KB Home jumped at least 5.7 percent to pace gains among homebuilders. Home Depot Inc. (HD) rallied 5.7 percent as it raised its dividend and a... |
2024-12-18 | Bloomberg | Canadian Dollar Drops as U.S. Lawmakers Seek Budget Compromise | The Canadian dollar declined against its U.S. counterpart amid signs lawmakers may find a compromise to avert the so-called fiscal cliff, bolstering prospects for the American economy. Canada ’s currency rallied against the U.S. dollar by the most in five days yesterday after the federal statistics agency said foreign ... |
2024-03-04 | Bloomberg | Malaysia Regime Ouster Hinges on Borneo as Radio Aids Opposition | At 7 p.m. on the Malaysian side of Borneo island, Luang Entiyang turns the dial on a transistor radio in search of an anti-government talk show as about a dozen villagers sit cross-legged on the floor waiting to listen. Similar meetings occur daily across the jungles of Sarawak, Malaysia ’s biggest state and one that h... |
2024-04-04 | Bloomberg | Merck, J&J’s New Hepatitis C Treatment Fetches $31,000 in France | New hepatitis C drugs from Merck & Co. and Johnson & Johnson (JNJ) are being sold in France for 22,000 euros ($31,271) and more, a precedent some doctors say may limit access after the medicines are approved throughout Europe. J&J and Vertex Pharmaceuticals Inc. (VRTX) ’s telaprevir costs 22,000 euros under a French pr... |
2024-06-24 | Bloomberg | WellPoint's Kleinman Sees Health Insurer `Oligopoly' Fed by U.S. Overhaul | U.S. health insurers are “moving towards an oligopoly,” a process that this year’s health-care overhaul will accelerate, the investor-relations chief at WellPoint Inc. said today. New regulations on administrative spending and premium increases will push some independent insurers out of business or into deals with big... |
2024-06-06 | Bloomberg | Cruzeiro Bondholders Say Brazil Seizure Should Be Default | Brazil ’s seizure of Banco Cruzeiro do Sul SA should trigger a default that allows bondholders to demand immediate payment of all debt, investors told the bank’s overseers. The central bank took control of Sao Paulo-based Cruzeiro on June 4, citing “serious” financial violations, and said it would be run by the private... |
2024-01-17 | Bloomberg | Legal & General Names Ex-Resolution Executive as M&A Director | Legal & General Group Plc (LGEN) , the biggest investor in the U.K. stock market, appointed former Resolution Plc executive Wadham Downing as merger and acquisitions director as it prepares for small deals. Downing, 45, who worked for Britannic Group before it merged with Clive Cowdery’s Resolution, takes the newly cre... |
2024-06-20 | Bloomberg | EU May Phase in Solvency II Over Years to Help Life Insurers | The European Union is considering phasing in new capital rules for the life insurance industry over seven years, easing the burden on insurers who had criticized the changes. The European Commission, the EU’s executive arm, is considering the change as it negotiates with insurers and members of the European parliament ... |
2024-08-12 | Bloomberg | Fernandez Seeks Rebound in Re-Election Bid as Argentine Primary Vote Nears | An open primary on Aug. 14 is becoming more urgent for Argentine President Cristina Fernandez de Kirchner’s re-election efforts after a string of defeats in regional votes undermined support for the government. Argentines can vote for any candidate in the Aug. 14 primary, which will give an indication of whether Fernan... |
2024-01-20 | Bloomberg | Farmers Bet on Rates as MetLife Battles Rural Lenders | John Harder, a 65-year-old farmer with 7,500 acres in Iowa , said he’s taking out new loans almost every month as profits surge and land prices reach records. “If I can get the rate right and buy the property right, I’d borrow millions every day,” said Harder, who is expanding his corn and soybean plots with a 3.35 per... |
2024-04-24 | Bloomberg | Abu Dhabi’s Wealth Fund Said to Hire Axa Private Equity’s Florin | Christophe Florin, chief operating officer of Axa Private Equity, has left to join the Abu Dhabi Investment Authority, according to three people with knowledge of the matter, as it seeks to expand its staff for acquisitions. Florin, who was also a member of the executive board of French insurer Axa SA (CS) ’s private-e... |
2024-06-18 | Bloomberg | Treasury to Gain Expanded Powers in U.S. Financial Overhaul | The U.S. Treasury Department under Secretary Timothy F. Geithner is coming out of the worst economic crisis since the Great Depression with expanded powers to guard against future threats to financial stability. Geithner, who has managed taxpayer bailouts of companies from Citigroup Inc. to General Motors Co. , would ... |
2024-04-22 | Bloomberg | Nippon Life Insurance Plans to Invest $12 Billion, Mainly in Japan Bonds | Nippon Life Insurance Co., Japan ’s biggest life insurer, plans to invest about 1 trillion yen ($12 billion) this financial year, with as much as 80 percent of the money to buy yen-denominated bonds for stable returns. Nippon Life, with 47 trillion yen in assets, will focus on Japanese government bonds with longer matu... |
2024-10-07 | Bloomberg | Ex-Ernst & Young Executive Rebuffed in Tax Shelter Case | The U.S. Supreme Court turned away an appeal by Robert Coplan, a former Ernst & Young LLP executive convicted of selling illegal tax shelters that cost the federal government as much as $2 billion. The justices today left intact Coplan’s seven-count conviction and three-year prison sentence. His appeal, which challenge... |
2024-09-06 | Bloomberg | Lloyds ‘Incentive’ Probe, Bankers’ Board Vote: Compliance | Lloyds Banking Group Plc (LLOY) is being investigated by a U.K. regulator over how bonuses and other incentives were used to motivate staff to improperly sell some products to consumers, a person familiar with the case said. The Financial Services Authority referred the bank to its enforcement division for further proc... |
2024-12-03 | Bloomberg | Junk Bonds Revive as Sales Soar, Spreads Shrink: Credit Markets | The market for junk bonds is reviving, after at least seven companies pulled sales last week, signaling investors are gaining confidence that Europe’s sovereign debt crisis won’t infect the global economy. International Lease Finance Corp. and Clearwire Corp. led speculative-grade companies selling $2.4 billion of debt... |
2024-07-21 | Bloomberg | Ecobank Ghana Rises to 1-Week High After Merger Statement | Ecobank Ghana Ltd. (EBG) , a unit of Lome- based Ecobank Transnational Incorporated, rose to a one-week high after saying it may merge with Trust Bank Ltd. of Ghana. The shares advanced 1 pesewa, or 0.3 percent, to 3.44 cedis as of the 3 p.m. close in the capital, Accra, the highest since July 13. The companies are in ... |
2024-05-22 | Bloomberg | MetLife Seen Scaling Back Annuities as CEO Narrows Focus | MetLife Inc. (MET) may target annuities and U.S. retail life insurance for cost cuts as Chief Executive Officer Steven Kandarian unveils his plan to improve returns. “I think they’re going to announce some expense-reduction initiatives in those lines of business and maybe announce that they’re cutting back on sales,” S... |
2024-03-01 | Bloomberg | MBIA Settles $19 Billion in CDO and Mortgage-Debt Guarantees | MBIA Inc ., the company that backed some of Wall Street’s most toxic debt securities, settled $19 billion in guarantees with five financial institutions since September, resolving the obligations with a one-time payment. Its MBIA Insurance Corp. unit paid the firms to tear up contracts insuring against losses on corpor... |
2024-11-28 | Bloomberg | Money Transfers, EU Credit Reports, SEC Post: Compliance | The U.S. Consumer Financial Protection Bureau said it will revise rules for international money transfers after banks complained that the agency’s current plan could push some of them out of the business. The bureau, which had said final regulations governing so- called remittances would take effect on Feb. 7, now plan... |
2024-06-26 | Bloomberg | Bank of America Sued Over Force-Placed Insurance Costs | Bank of America Corp. was sued in a Florida federal court by homeowners who allege the company overcharged them for so-called force-placed insurance. Force-placed insurance, which mortgage companies can purchase for homeowners when their policies lapse, is a “financial windfall” for Bank of America, according to a comp... |
2024-10-18 | Bloomberg | Buy Bank Options Before Earnings Reports, Decision by Fed, MF Global Says | Investors should buy U.S. bank options for protection against bigger price swings over the next month spurred by elections, a Federal Reserve meeting and earnings reports, MF Global Holdings Ltd. said. An options strategy known as a straddle is worth buying on the Financial Select Sector SPDR exchange-traded fund, whic... |
2024-06-04 | Bloomberg | Bank Regulators to Coordinate Oversight Under Dodd-Frank | The Federal Reserve and four other U.S. financial regulators said they agreed to coordinate supervision of federally insured banks with assets exceeding $10 billion under the Dodd-Frank Act tightening supervision. The agencies will coordinate examinations and share information about how the largest banks comply with co... |
2024-02-11 | Bloomberg | Most Swiss Stocks Rise as Ministers Discuss Cyprus Aid | Most Swiss stocks advanced, after two straight weeks of losses for the benchmark index, as ministers from the 17-member euro region met to discuss aid to Cyprus and Greece. Zurich Insurance Group AG and Swiss Re Ltd., Switzerland’s largest insurer and reinsurer respectively, paced gains. Nestle SA, the world’s largest ... |
2024-05-10 | Bloomberg | China Assures Move Toward a More Flexible Yuan Policy, U.S. Official Says | China assured the U.S. that it will continue moving toward a more flexible yuan exchange rate , a U.S. Treasury official said. Chinese officials meeting with their U.S. counterparts in Washington also agreed to allow U.S. and other foreign banks to sell mutual funds and provide financial custodial services in China, th... |
2024-04-08 | Bloomberg | Covington, Morgan Lewis, Shearman: Business of Law | Covington & Burling LLP sought to overturn a judge’s ruling disqualifying the firm from working for Minnesota on a lawsuit alleging 3M Co. polluted state waters. In oral arguments April 4 before a state appeals court panel, the parties faced off over whether Covington’s previous work for 3M on perfluorinated (PFC) comp... |
2024-06-17 | Bloomberg | Cmic, J. Front, KRS, Rakuten, Seiko, Takeda, Teac: Japanese Equity Preview | The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut, unless stated otherwise. Cmic Co. (2309 JT): The provider of medical research reached a license ... |
2024-06-25 | Bloomberg | JPMorgan, Citigroup, Morgan Stanley Shares Rise on Bank-Reform Agreement | Bank of America Corp. and JPMorgan Chase & Co. , the two largest U.S. banks, drove a measure of financial stocks to the biggest daily gain in a month after Congress agreed to ease proposed curbs on trading and investing. Bank of America and JPMorgan each rose more than 3 percent, in line with a 3.1 percent advance in ... |
2024-11-12 | Bloomberg | Europe Seen Nearing Insurance Rules Accord After 13 Years | Europe may be nearing an agreement on rules that aim to make insurance companies safer after 13 years of wrangling between politicians, companies and regulators. Insurers and European Union officials are working out a compromise on the capital they need to ensure they can make good on long-term products such as annuiti... |
2024-05-23 | Bloomberg | Florida Outperforms as Hurricane Forecast Improves: Muni Credit | With the Atlantic hurricane season days away, bonds of Florida ’s largest real-estate insurer are rallying the most in nine months as forecasters assess a below- average chance the state will be hit by a major storm. Buyers are demanding the smallest yield penalty since August on tax-exempt debt from state-owned Citize... |
2024-12-27 | Bloomberg | Job Creation Is Price for New U.S. Health Law: Andrew Puzder | I am not an expert on health-care policy, but I do know something about job creation. So when a House Oversight and Government Reform subcommittee asked me to testify about the effect on employers of the Patient Protection and Affordable Care Act, sometimes known as Obamacare, I thought I could offer some insights. As ... |
2024-01-23 | Bloomberg | Greek Farmers Protest High Insurance Costs, ANA Reports | A group of Greek farmers gathered in Tripoli, southern Greece , to protest the government’s agricultural insurance costs, Athens News Agency reported. The farmers met outside the offices of the Greek Agricultural Insurance Agency to protest against the cost of insuring agricultural products, the state-run News agency r... |
2024-08-23 | Bloomberg | Boehner Tells Caucus House Will Keep Fighting Health Law | House Speaker John Boehner assured his Republican caucus last night that the House will continue its bid to stop implementation of President Barack Obama ’s health-care law, while not addressing a push from some in his party to simply not fund the measure. Boehner also told lawmakers on a telephone conference call that... |
2024-08-02 | Bloomberg | U.S. to Keep Health Premium Subsidy for Lawmakers, Staff | The U.S. government will keep paying the medical-insurance premium subsidy for members of Congress and thousands of legislative branch employees who starting next year will be forced off the federal civilian benefits plan by the 2010 health-care law. The Office of Personnel Management has told Congress that premium sub... |
2024-01-06 | Bloomberg | Greek Shipowner Bombed in 1980s Says Gulf Oil Flow Will Withstand Crisis | A Greek shipowner whose family’s oil tankers were hit by missiles during the 1980s Iran-Iraq war said he expects Persian Gulf crude exports to continue after Iran ’s threats to block shipments through the Strait of Hormuz. Stable prices of oil, gold and the dollar are a sign to investors the Islamic republic won’t halt... |
2024-05-17 | Bloomberg | South Korea Revives Woori Sale Process, Sets June Deadline for Fresh Bids | South Korea will begin accepting fresh bids for Woori Finance Holdings Co. tomorrow as the government tries to revive the sale of its 57 percent stake in the country’s largest financial company by assets. Bidders should submit letters of interest by June 29 with offers to buy a minimum 30 percent stake, the Public Fund... |
2024-11-22 | Bloomberg | Newtown Prompts Flood of Mental-Health Spending by U.S. States | Most U.S. states boosted spending this year on mental-health programs as lawmakers reacted to the slaughter of 20 Connecticut schoolchildren and six adults at the hands of a gunman. Thirty-seven states increased spending in 2013, while another eight kept spending at the previous year’s level, according to a report by t... |
2024-07-26 | Bloomberg | Goldman Sachs `Constructive' on China's Yuan-Denominated Shares After Gain | Goldman Sachs Group Inc. said it’s still “fundamentally positive” on China’s yuan-denominated stocks even after a surge in the CSI 300 Index , given their valuations and the emergence of several “catalysts.” The Hong Kong-listed shares of Chinese insurers are a “convenient, yet fundamentally appealing, way” for foreig... |
2024-03-20 | Bloomberg | Osborne Should Be Fired, Voters Say in Pre-Budget Poll | George Osborne should be replaced as Britain’s chancellor of the exchequer, almost half of those questioned in a poll said, with a similar number urging him to ease his austerity program as the economy struggles to grow. The poll by ComRes Ltd. for ITV News showed 44 percent of voters want Osborne, who announces his an... |
2024-08-24 | Bloomberg | Emerging-Market Stocks Fall on Corporate Profits, Growth Concern | Emerging-market stocks fell, with the benchmark index dropping for the fourth day in five, as companies reported disappointing results and investors weighed what the Federal Reserve may do to bolster the economy. The MSCI Emerging Markets Index retreated 0.8 percent to 978.21 at 4:31 p.m. in New York , following yester... |
2024-10-14 | Bloomberg | Beijing Capital Shares Fall After China Life Stake Reduction | Beijing Capital Development Co. fell for the first time in three days in Shanghai trading after China Life Insurance Co. and its parent company cut their combined stake in the company to 5.23 percent from 10.44 percent. Beijing Capital, a Chinese property developer, fell 2.1 percent to 8.27 yuan as of 9:50 a.m. local t... |
2024-08-16 | Bloomberg | Banks Block Obama’s Mortgage Stimulus Plan | A U.S. program to help as many as 5 million homeowners refinance their mortgages is being hindered by reluctant lenders, suffering a similar fate to the government’s main foreclosure-prevention effort. The Obama administration introduced the plan in April 2009 in a bid to prevent defaults among borrowers who were curre... |
2024-04-25 | Bloomberg | Arizona’s Immigration Crackdown Gets Support at Top Court | U.S. Supreme Court justices spanning the ideological divide signaled they were prepared to uphold the core of Arizona’s trailblazing crackdown on illegal immigrants in what would be a blow to President Barack Obama. Both Republican and Democratic appointees, hearing arguments today in Washington in a case with ramifica... |
2024-02-02 | Bloomberg | U.S. Stocks Erase Gains as Merck Slump Offsets Economic Data | U.S. stocks swung between gains and losses as Merck & Co. led drugmakers lower after sales trailed forecasts and investors awaited tomorrow’s employment report to gauge the outlook for the economy. Merck, the second-largest U.S. drugmaker, slumped 1.2 percent. Abercrombie & Fitch Co. (ANF) , the teen apparel chain, tum... |
2024-02-27 | Bloomberg | HSBC Shuns Formosa Debut as Taiwan Funds Cut Yield: China Credit | Taiwanese investors accepted such a low yield on the first yuan bonds sold on the island that global funds including HSBC Global Asset Management stayed away. Chinatrust Commercial Bank, a unit of Taiwan ’s fourth- biggest lender by market value, sold 1 billion yuan ($161 million) of three-year notes at 2.9 percent on ... |
2024-09-04 | Bloomberg | Services Set to Take Largest Share of GDP in Asia | Dinh Tu quit being a monk three years ago and worked in a yoga studio in Ho Chi Minh City to cater to a growing Vietnamese middle class who are finding new outlets for their money. These days, he’s selling insurance, too. “People in Vietnam have more to spend now,” said the 40-year-old agent for Tokyo-based Dai-ichi Li... |
2024-08-20 | Bloomberg | Asian Stocks Drop to Six-Week Low on Fed Tapering Concern | Asia ’s benchmark stock index dropped to a six-week low as investors sold riskier assets across the region amid concern that the U.S. will cut stimulus drove Treasury yields to a two-year high. QBE Insurance Group Ltd. (QBE) sank 5.5 percent as first-half net income at Australia’s largest insurer by market value plunge... |
2024-05-09 | Bloomberg | Both Parties Say House Will Pass Export-Import Bank Bill | A bill to raise the Export-Import Bank’s lending cap 40 percent by 2014 will pass the U.S. House today, lawmakers of both parties predict, although Republican leaders aren’t formally urging members to support it. House Speaker John Boehner endorsed the measure. Still, many Republicans oppose it, saying the bank distort... |
2024-03-10 | Bloomberg | Treasuries Gain as U.S. Jobless Claims Rise More Than Forecast | Treasuries rose after a government report showed U.S. first-time claims for unemployment benefits increased last week more than economists forecast, fueling concern improvement in the labor market will be uneven. Benchmark 10-year note yields touched a one-week low as Moody’s Investors Service cut Spain’s credit rating... |
2024-06-20 | Bloomberg | JPMorgan House Hearing, EU Lending, Universal: Compliance | U.S. House members criticized regulators yesterday for failing to detect JPMorgan Chase & Co. (JPM) ’s loss of at least $2 billion on risky derivatives trades and pressed for additional measures to ensure similar losses don’t occur in other banks. The heads of the Office of the Comptroller of the Currency, the Federal ... |
2024-12-07 | Bloomberg | Democrats Hint at Entitlement Program Cuts in U.S. Budget | As Democrats demand tax concessions from Republicans to avert a collision over the federal budget , Senate Democratic leaders are signaling that they may be willing to trade an entitlement spending overhaul to secure a deficit- reduction deal. Dick Durbin of Illinois, the second-ranking Senate Democrat, said he might r... |
2024-06-17 | Bloomberg | Sensex Index Completes Longest Winning Streak in 10 Months on Economy | India’s benchmark stock index completed its longest string of gains in almost 10 months as investors bought shares in companies that may benefit as the nation’s economy expands. Reliance Communications Ltd. rose to its highest level in almost eight months after Hindu BusinessLine said it may raise cash by selling stak... |
2024-11-08 | Bloomberg | Copper in London Gains for a Third Day; Shanghai Contract Drops | Copper in London climbed for a third day toward a 28-month high after U.S. employment data signaled that the recovery is intact and the Federal Reserve eased monetary policy, boosting demand for commodities. Three-month copper on the London Metal Exchange rose as much as 0.9 percent to $8,735 a metric ton, and was at $... |
2024-01-27 | Bloomberg | Harvard’s Feldstein Sees Slow Growth While Doubting Fed Easing | U.S. economic growth may not top 2 percent this year and a third round of quantitative easing by the Federal Reserve would have little effect, said Martin Feldstein , a professor of economics at Harvard University. “We’re going to have a hard time reaching 2 percent this coming year,” he said in an interview on Bloombe... |
2024-02-20 | Bloomberg | U.K. Stocks Rise Amid Jobs Data, BOE Minutes; Rexam Gains | U.K. stocks advanced, extending a five-year high, after jobless claims in the country fell more than estimated in January and Bank of England minutes showed more members voted for increasing stimulus measures. Rexam Plc jumped 5.3 percent after full-year profit beat analyst expectations. BHP Billiton retreated 2.4 perc... |
2024-08-09 | Bloomberg | KBC Sees Rising Irish Loan Losses, Writes Down Greek Debt | KBC Groep NV (KBC) , Belgium’s biggest bank and insurer by market value, said provisions for loan losses in Ireland will start rising again after reporting the smallest profit in a year because of a Greek debt writedown. Second-quarter net income increased to 333 million euros ($474 million) from 149 million euros a ye... |
2024-10-23 | Bloomberg | S&P 500 Rally Pushes Index Toward Biggest Annual Gain in Decade | Five straight gains in the Standard & Poor’s 500 Index are pushing U.S. stocks toward the best year in a decade, lifted by speculation the Federal Reserve will maintain economic stimulus. The S&P 500 has advanced 23.03 percent this year, pulling within a percentage point of its 23.5 percent surge in 2009, according to ... |
2024-06-27 | Bloomberg | Apple Wins Preliminary Injunction Against Samsung Tablet | Apple Inc. (AAPL) won a court order immediately blocking U.S. sales of Samsung Electronics Co. (005930) ’s Galaxy Tab 10.1 tablet computer as the companies continue their global patent dispute. U.S. District Judge Lucy Koh in San Jose , California , issued the order yesterday after rejecting a similar request in Decemb... |
2024-08-12 | Bloomberg | Health Care Reveals Daylight Between Ryan, Romney | When Paul Ryan was simply the Republican Party ’s leading light on health-care policy, having Mitt Romney say nice things about Ryan’s ideas must have seemed obvious. Now that Ryan is Romney’s running mate, the two have some differences to sort out. The first thing for Romney and Ryan to resolve is what to do with the ... |
2024-02-29 | Bloomberg | N.Z. Will Keep Record-Low Cash Rate Until Mid-2013, NZIER Says | New Zealand ’s central bank will keep the official cash rate at a record-low 2.5 percent until mid-2013 because of a sluggish economy and subdued inflation, the New Zealand Institute of Economic Research said. “The economic outlook is flat. Most indicators are moving sideways,” Shamubeel Eaqub , principal economist at ... |
2024-08-02 | Bloomberg | HSBC-Libor Probe, Dutch Deposit Guarantee, Basel: Compliance | HSBC Holdings Plc (HSBA) received requests for information from regulators and prosecutors in the U.K., U.S. and European Union as part of an investigation into whether the London Interbank Offered Rate, or Libor, was manipulated. HSBC, Europe’s largest bank, is cooperating with the probe, the company said in a regulat... |
2024-04-27 | Bloomberg | China to Expand Insurers’ Investment Scope, Regulator Says | China will broaden the investment scope of insurers and simplify approval procedures to boost the industry’s support to the nation’s economic growth, the insurance regulator said. The China Insurance Regulatory Commission will gradually increase the types of unsecured corporate bonds that insurers can buy, Chairman Xia... |
2024-06-28 | Bloomberg | U.S. First Quarter Third Gross Domestic Product (Text) | Following is the text of the Gross Domestic Product from the Commerce Department. GROSS DOMESTIC PRODUCT: FIRST QUARTER 2012 (THIRD ESTIMATE) CORPORATE PROFITS: FIRST QUARTER 2012 (REVISED ESTIMATE) Real gross domestic product -- the output of goods and services produced by labor and property located in the United Stat... |
2024-06-27 | Bloomberg | SEC Nominees Say Agency Must Finish Dodd-Frank, Jobs Act Rules | Two U.S. Senate staff members nominated to join the Securities and Exchange Commission said today the agency should focus on finishing rules mandated by Congress. Kara M. Stein, a Democrat, and Michael Piwowar, a Republican, told the Senate Banking Committee the SEC must complete the required rulemaking, much of it a r... |
2024-09-25 | Bloomberg | Scotiabank Seeks to Boost Wealth Earnings to 30% of Profit | Bank of Nova Scotia , Canada ’s third-largest lender by assets, seeks to generate 20 percent to 30 percent of total profit from its global wealth and insurance unit in three to five years. The goal was among four Scotiabank disclosed today during an investor conference in Toronto, where the company is based. The busine... |
2024-09-24 | Bloomberg | ProAssurance to Buy Eastern for $205 Million in Workers Comp Bet | ProAssurance Corp. (PRA) , the seller of medical liability protection, agreed to buy Eastern Insurance Holdings for about $205 million to expand in workers’ compensation coverage. The deal values Eastern at $24.50 a share, compared with yesterday’s closing price of $21.16, and is expected to be completed by Jan. 1, Bir... |
2024-07-09 | Bloomberg | U.S. June Conference Board Employment Trends Index (Text) | Following is the text of U.S. employment trends index from the Conference Board. The Conference Board Employment Trends Index dipped to 107.47 in June, down from the revised figure of 108.23 in May. The June figure is 5.6 percent higher than a year ago. “The Employment Trends Index has been flat since February, suggest... |
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