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JPM
European shares fall for fourth day banks under pressure
By Danilo Masoni MILAN Reuters European shares fell slightly on Tuesday with banks leading the decline on fresh political jitters and following a downgrade by a top global broker The pan European STOXX 600 index STOXX was down 0 2 percent by 0855 GMT following three straight days of losses Euro zone blue chips...
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China suspends forex business for some foreign banks sources
SHANGHAI Reuters China s central bank has suspended at least three foreign banks from conducting some foreign exchange business until the end of March three sources who had seen the suspension notices told Reuters on Wednesday Included among the suspended services are liquidation of spot positions for clients and...
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Chicago sets 500 million bond sale amid pension uncertainty
CHICAGO Reuters Chicago will head to the municipal bond market next week with a 500 million bond issue amid uncertain pension funding requirements and political turmoil The general obligation refunding bonds are scheduled to be priced through Citigroup N C on Jan 12 according to bond sale documents released...
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Banco do Brasil Bradesco in Citigroup venture talks source
SAO PAULO Reuters Brazilian lenders Banco Bradesco SA BBDC4 and Banco do Brasil SA BBAS3 are in talks to buy Citigroup s N C stake in a credit card processing joint venture with Elavon Inc a source with knowledge of the negotiations said on Saturday The acquisition could be closed next month by Bradesco a...
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Iran central bank takes Beirut bombing case to U S Supreme Court
By Lawrence Hurley WASHINGTON Reuters The Republican led Congress and President Barack Obama s administration often at odds over Iran policy are urging the U S Supreme Court to let the families of Americans killed in the 1983 bombing of a U S Marine Corps barracks in Beirut and other attacks collect nearly 2 b...
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What Could Happen If Le Pen Wins ETFs In Focus
A recent poll conducted among 995 voters on April 5 2017 indicated that there could be a tie between Emmanuel Macron and Marine Le Pen in the first run off to the French presidential election on April 23 2017 They are expected to get 23 5 of votes each In the past two weeks Macron has slipped 2 and Le Pen 0 5 ...
MPC
The Energy Report For December 7
American Exporter While there is so much focus on the drama in the OPEC cartel the real historic news that went unnoticed was that the United States last week exported more crude oil and fuel than it imported for the first time on record Reuters news reported that when adding in all imports and exports of crude and r...
MPC
Marathon Petroleum MPC Stock Moves 1 72 What You Should Know
In the latest trading session Marathon Petroleum MPC closed at 58 84 marking a 1 72 move from the previous day This move was narrower than the S P 500 s daily loss of 2 08 At the same time the Dow lost 2 11 and the tech heavy Nasdaq lost 2 27 Coming into today shares of the refiner had lost 8 4 in the ...
MPC
Marathon Petroleum MPC Outpaces Stock Market Gains What You Should Know
Marathon Petroleum MPC closed at 59 10 in the latest trading session marking a 1 29 move from the prior day The stock outpaced the S P 500 s daily gain of 0 86 Elsewhere the Dow gained 1 14 while the tech heavy Nasdaq added 0 38 Coming into today shares of the refiner had lost 10 62 in the past month I...
MPC
Oil Plunge Winter Threaten North Dakota s Record Production
As per North Dakota s oil regulator the state s daily crude output rose 2 4 in October after increasing 5 2 in the previous month The North Dakota Department of Mineral Resources DMR latest data said that oil production in October averaged a record 1 391 877 barrels a day up 32 595 barrels a day from Septembe...
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European stocks broadly higher as lenders gain DAX up 0 7
Investing com European stock markets were broadly higher on Tuesday rebounding from a ten week low as shares in the financial sector led gains while U S futures indexes pointed to a higher open on Wall Street During European morning trade the EURO STOXX 50 rose 0 5 France s CAC 40 gained 0 45 while Germany s...
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European stocks edge higher ahead of ECB DAX up 0 15
Investing com European stock markets were up on Thursday rebounding from a ten week low ahead of a key policy setting meeting by the European Central Bank while U S futures indexes pointed to a slightly higher open on Wall Street During European morning trade the EURO STOXX 50 rose 0 13 France s CAC 40 added 0...
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US STOCKS Wall Street rebounds in oversold market
U S retail sales fall but less than forecast Oversold conditions lead to broad rally Indexes up Dow 1 pct S P 1 3 pct Nasdaq 1 5 pct For up to the minute market news see STXNEWS US Updates to close changes byline By Chuck Mikolajczak NEW YORK June 14 Reuters U S stocks posted their biggest...
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Nikkei rises on receding worries on Greece U S economy
Nikkei may stay near 200 day moving average analysts BOJ tankan impact limited analysts By Ayai Tomisawa TOKYO July 1 Reuters The Nikkei share average rose 0 5 percent on Friday climbing above its closely watched 200 day moving average helped by positive U S economic data and relief that Greece will ...
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Wheat futures rebound from 11 month low on bargain buying
Investing com Wheat futures were up on Tuesday bouncing off an 11 month low as last week s steep decline created bargain buying opportunities for investors and importers On the Chicago Mercantile Exchange wheat futures for September delivery traded at USD6 3288 a bushel during European morning trade surging 3 55 ...
JPM
Intesa set for more Russia deals after winning Putin s favor over Rosneft
By Alexander Winning and Katya Golubkova MOSCOW Reuters Italian lender Intesa Sanpaolo MI ISP took on a deal rival banks had turned down when it advised on the sale of a stake in sanctioned Russian oil major Rosneft MM ROSN last year and by pulling off the sale it won favor from the Kremlin Now it stands to...
JPM
Brazil markets plunge as Temer scandal threatens reforms
By Bruno Federowski and Dion Rabouin SAO PAULO NEW YORK Reuters Brazilian markets plummeted on Thursday as allegations that President Michel Temer condoned bribes to silence a key witness deflated investor optimism about the prospects for his ambitious pension and labor reform agenda Brazil s benchmark Bovespa sto...
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Fed Chief Confident In US Economy
By In testimony before Congress Thursday Federal Reserve Chair Janet Yellen expressed confidence that the economy has healed sufficiently to raise benchmark interest rates at the Fed s next rate setting meeting later this month The U S economy has recovered substantially since the Great Recession she said ci...
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Saudi Prince Alwaleed calls Trump a disgrace
DUBAI Reuters Saudi billionaire Prince Alwaleed bin Talal has called Donald Trump a disgrace to the United States following his call for a ban on Muslims entering the country and demanded the Republican front runner withdraw from the U S presidential race Trump triggered an international uproar when he made his ...
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Citi to cut 2 000 jobs starting next month Bloomberg
Reuters Citigroup Inc N C plans to cut at least 2 000 jobs starting next month as the lender restructures its businesses Bloomberg reported A substantial portion of the layoffs will be in middle or back office positions Bloomberg reported citing a person briefed on the matter Citigroup said this month i...
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Misunderstanding Role In Monetary System Leads To Repeated Mistakes
November 2008 was an extremely busy month for authorities in the U S The financial markets had just undergone panic the month before but rather than dissipate there were lingering indications that all was not yet over On November 23 2008 the Treasury Department the FDIC and the Federal Reserve issued a joint sta...
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Why Commodities Could Be On The Verge Of A Massive Surge
After finishing 2016 commodities are getting another boost from bullish investors Investment bank Citigroup forecasts commodity prices will increase this year on strengthening demand in China and mounting inflation inspired by President Donald Trump s America First policies Commodity assets under management global...
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Trader Alert Citigroup Puts In Topping Tail
Shares of Citigroup Inc NYSE C surged early on Wednesday jumping on bullish comments from hedge fund manager David Tepper and hopes for three or maybe even four rate hikes in 2017 However this surge was short lived Big sellers took advantage of the hype and sold heavily The stock reversed and closed near the low...
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Copper Price Forecast New Mine Opening Just In Time
The newly opened Cobre Panama mine in Central America could begin copper production as early as 2018 and reach full throttle by the end of 2019 which would be a much needed supply boost for a copper market that is set for its first deficit in six years and could be in shortage through 2020 According to a recent post ...
MPC
Should Invesco Russell 1000 Equal Weight ETF EQAL Be On Your Investing Radar
Looking for broad exposure to the Large Cap Blend segment of the US equity market You should consider the Invesco Russell 1000 Equal Weight ETF EQAL a passively managed exchange traded fund launched on 12 23 2014 The fund is sponsored by Invesco It has amassed assets over 451 43 M making it one of the average s...
MPC
Murphy USA MUSA Q3 Earnings Lag On Lower Retail Margins
Murphy USA Inc NYSE MUSA reported weaker than expected results in the third quarter of 2018 on lower retail margins The company s adjusted net income per share came in at 1 38 lagging the Zacks Consensus Estimate of 1 49 Further the bottom line deteriorated from the year ago figure of 1 90 per share Murphy ...
MPC
Ormat Technologies ORA Q3 Earnings Miss Revenues Up Y Y
Ormat Technologies Inc s NYSE ORA third quarter 2018 adjusted earnings per share EPS came in at 31 cents which missed the Zacks Consensus Estimate of 44 cents by 29 6 Earnings also declined 39 2 from the prior year quarter Barring one time items the company s GAAP earnings were 21 cents per share compared w...
MPC
Marathon Petroleum MPC Stock Moves 0 75 What You Should Know
In the latest trading session Marathon Petroleum MPC closed at 67 19 marking a 0 75 move from the previous day This change was narrower than the S P 500 s 0 92 loss on the day Elsewhere the Dow lost 0 77 while the tech heavy Nasdaq lost 1 65 Coming into today shares of the refiner had lost 14 01 in the...
MPC
Marathon Petroleum MPC Gains But Lags Market What You Should Know
In the latest trading session Marathon Petroleum MPC closed at 65 45 marking a 0 14 move from the previous day The stock lagged the S P 500 s daily gain of 0 22 At the same time the Dow added 0 49 and the tech heavy Nasdaq lost 0 15 Heading into today shares of the refiner had lost 17 08 over the past ...
MPC
Marathon Petroleum MPC Stock Sinks As Market Gains What You Should Know
In the latest trading session Marathon Petroleum MPC closed at 63 74 marking a 0 69 move from the previous day This change lagged the S P 500 s 0 33 gain on the day Elsewhere the Dow gained 0 44 while the tech heavy Nasdaq added 0 01 Coming into today shares of the refiner had lost 4 54 in the past mon...
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European stocks drop on lingering debt fears DAX down 0 4
Investing com European stock markets were broadly lower on Wednesday as lingering fears over Greece s finances and the euro zone s spreading debt crisis weighed while U S futures pointed to lower open on Wall Street During European morning trade the EURO STOXX 50 slumped 0 35 France s CAC 40 declined 0 38 whi...
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FTSE 100 pares losses on UK GDP relief
FTSE 100 down 0 1 percent UK banks higher on bargain hunting Antofagasta lifted by broker upgrade By Tricia Wright LONDON May 25 Reuters Britain s top share index pared its losses on Wednesday on investor relief that there was no deterioration in UK gross domestic product GDP figures having earlier ...
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Brent rises above 115 on weak dollar US distillates draw
US oil rises to as high as 101 90 Brent hits 115 47 Euro rebounds but euro zone risks remain Surprise U S distillates draw supports prices Coming Up U S Q1 GDP 1230 GMT By Francis Kan SINGAPORE May 26 Reuters Brent crude futures rose above 115 a barrel on Thursday supported by a weaker doll...
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UPDATE 2 Brent crude rises above 115 on weaker dollar US stocks
U S oil rises as high as 101 90 Brent hits 115 47 Euro rebounds but euro zone risks remain Surprise U S distillates draw supports prices Coming Up U S Q1 GDP 1230 GMT Updates prices By Francis Kan SINGAPORE May 26 Reuters Brent crude rose above 115 a barrel on Thursday due to a softer ...
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European stocks broadly higher on financials DAX up 0 2
Investing com European stock markets were broadly higher on Thursday as shares in the financial and raw material sectors led gains while U S futures indexes pointed to a higher open on Wall Street During European morning trade the EURO STOXX 50 rose 0 22 France s CAC 40 gained 0 35 while Germany s DAX 30 edg...
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UPDATE 5 Oil slips as economic data disappoints
WTI crude futures down 25 cents Yemen violence weak dollar support prices EIA data showed crude stocks rise U S GDP corporate profits data disappoints Updates prices adds quotes U S data By Simon Falush LONDON May 26 Reuters Oil retreated on Thursday pressured by gloomy U S economic data ...
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FTSE edges back up as miners oils banks gain
FTSE 100 index adds 0 4 percent Oils miners banks in demand as recent jitters fade U S Q1 GDP awaited due at 1230 GMT By Jon Hopkins LONDON May 26 Reuters Britain s leading share index pushed higher at midday lifted by gains in heavyweight mining oils and banking stocks as recent concerns over t...
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European stocks slide on recovery concerns DAX sheds 0 2
Investing com European stock markets were down on Wednesday amid a combination of concerns over the pace of the global economic recovery and uncertainty over Greek sovereign debt while U S futures indexes pointed to a lower open on Wall Street During European morning trade the EURO STOXX 50 shed 0 25 France s ...
JPM
JPMorgan buys Dublin building with room for 1 000 staff
By Conor Humphries DUBLIN Reuters JPMorgan Chase N JPM has agreed to buy a Dublin building with room for 1 000 staff in the first sign of a financial services company expanding significantly in Ireland since the government began a major campaign to attract firms in the wake of Brexit The U S investment bank wil...
JPM
JPMorgan s Dimon defends Trump advisory role deregulation
By Dan Freed NEW YORK Reuters JPMorgan Chase Co N JPM Chief Executive Jamie Dimon on Tuesday responded to criticism from angry shareholders of his role advising President Donald Trump on economic matters saying he would help any president in office At the bank s annual meeting in Wilmington Delaware sever...
JPM
JPMorgan Chase declares 0 50 dividend
JPMorgan Chase NYSE JPM declares 0 50 share quarterly dividend in line with previous Forward yield 2 28 Payable July 31 for shareholders of record July 6 ex div July 4 Now read
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Jailed Libor trader Tom Hayes appeals 14 year sentence conviction
By Kirstin Ridley LONDON Reuters Tom Hayes the first trader convicted by a jury of manipulating Libor benchmark interest rates on Tuesday begins a two day appeal against his conviction and a 14 year jail sentence one of the toughest to date for white collar crime The London case is being heard by Lord Chief Ju...
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Citigroup Inc Shares Slightly Lower After Revenue Falls
Citigroup Inc NYSE C Citigroup Earnings Results On Thursday morning before the market opened Citigroup C announced fourth quarter earnings that came up short of expectations and sent shares slightly lower The company announced 1 14 earnings per share on 17 billion in revenue while analysts were looking for 1 ...
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Riddle Me This Buy Hold Or Sell
In this past weekend s newsletter I discussed my remembrances of the Riddler in the original Batman series and how he would pose riddles to the dynamic duo as they faced the certain demise In that vein I posed the following question IF investment success is achieved by buying when others are fearful and selling w...
MPC
The Energy Report 08 07 18
Trade at your Own Risk Oil prices are on the rise as President Trump warns the world that anyone trading with Iran will not be trading with the USA That pronouncement is directed at the EU who yesterday said that We deeply regret the re imposition of sanctions by the U S due to the latter s withdrawal from the Join...
MPC
Why Marathon Petroleum MPC Is A Top Dividend Stock For Your Portfolio
All investors love getting big returns from their portfolio whether it s through stocks bonds ETFs or other types of securities But for income investors generating consistent cash flow from each of your liquid investments is your primary focus Cash flow can come from bond interest interest from other types of i...
MPC
Marathon Petroleum MPC Q3 Earnings And Revenues Beat Estimates
Marathon Petroleum MPC came out with quarterly earnings of 1 70 per share beating the Zacks Consensus Estimate of 1 68 per share This compares to earnings of 1 77 per share a year ago These figures are adjusted for non recurring items This quarterly report represents an earnings surprise of 1 19 A quarter ag...
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PRECIOUS Gold seesaws between euro worries dollar gains
Euro slides to 6 week low after IMF chief arrest Gold gains from euro zone worries but tempered by dollar Coming up Johnson Matthey Platinum 2011 report 1200 GMT By Amanda Cooper LONDON May 16 Reuters Gold steadied on Monday as the twin forces of deepening concern about the euro zone debt crisis an...
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Brent crude rises on prospect of lower stocks
U S crude reverses earlier losses Morgan Stanley ups 2011 Brent forecast to 120 Strong demand to put a strain on OPEC capacity analysts Coming Up Weekly U S API petroleum stocks 2030 GMT By Francis Kan SINGAPORE May 24 Reuters Brent crude futures rose on Tuesday rebounding from the previous ...
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UPDATE 10 Oil rises 2 pct as Goldman boosts price forecast
Goldman Sachs boosts Brent price forecast Euro edges up dollar dips after German data boosts oil Coming up EIA oil data at 10 30 a m EDT Wednesday Updates with APIs trade volumes paragraphs 7 18 22 By Robert Gibbons NEW YORK May 24 Reuters Oil rose 2 percent on Tuesday in choppy trading after ...
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Crude oil futures rebound on weaker dollar Goldman upgrade
Investing com Crude oil futures were up on Tuesday rebounding from the previous day s sharp drop as the U S dollar weakened while influential Wall Street banks Goldman Sachs and Morgan Stanley raised their oil price forecast On the New York Mercantile Exchange light sweet crude futures for delivery in July tra...
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Crude oil futures extend gains after Goldman upgrade
Investing com Crude oil futures extended gains on Tuesday recouping nearly all of Monday s losses after Goldman Sachs raised its oil price forecast and recommended buying the commodity while a weaker U S dollar also lent support On the New York Mercantile Exchange light sweet crude futures for delivery in July t...
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Brent falls below 112 on small U S crude draw firmer dollar
U S oil dips below 99 U S crude stocks 440 000 barrels above forecast Gasoline stocks 2 1 million barrels above forecast Coming Up Weekly U S EIA petroleum stocks 1430 GMT By Francis Kan SINGAPORE May 25 Reuters Brent crude futures slipped below 112 a barrel on Wednesday after industry data s...
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UPDATE 9 Oil hits 2 week high on US distillate draw dollar
Surprise U S distillate stock draw lifts crude U S gasoline stocks soar crude stocks up a bit Clashes in Yemen NATO bombing supporting Brent Recasts updates market activity and prices to settlement By Gene Ramos NEW YORK May 25 Reuters Oil prices rose 2 percent on Wednesday climbing to two week ...
JPM
Detroit revival spurs JPMorgan to make fresh 50 million pledge
By David Henry and David Shepardson NEW YORK WASHINGTON Reuters JPMorgan Chase Co N JPM is investing another 50 million in Detroit amid what city officials and bank executives describe as encouraging signs for urban renewal through public private partnerships JPMorgan s latest investment which it plans to an...
JPM
Zayo Group 7 JPMorgan Raymond James cut to Neutral
Zayo Group NYSE ZAYO is 7 lower after missing on revenues yesterday after the close results that have prompted a pair of downgrades as analysts take off their buy signs JPMorgan NYSE JPM has gone from Overweight on the stock to Neutral though the firm took the chance to raise its price target to 36 from 35 Z...
JPM
Exclusive Barclays rejigs global investment banking team seeks new hires
By Anjuli Davies and Lawrence White LONDON Reuters Barclays L BARC reshuffled its senior global investment bank management on Thursday and is seeking to hire between 50 to 100 people to boost the division under new chief Tim Throsby according to sources with direct knowledge of the plans Throsby will become i...
JPM
Whole Foods board overhaul fails to satisfy activist Jana source
By Michael Flaherty NEW YORK Reuters The board overhaul announced by Whole Foods Markets Inc O WFM on Wednesday has failed to satisfy Jana Partners according to a person familiar with the matter signaling that the month long battle between the organic grocer and activist hedge fund is no nearer to a conclusion ...
JPM
Wells Fargo eyes return to mortgage deals shunned since crisis
By Dan Freed Reuters Wells Fargo Co N WFC the largest U S mortgage lender is hoping this year to sell bonds backed by mortgages without government guarantees for the first time since the 2008 financial crisis the head of the bank s consumer lending division said on Thursday More than 1 trillion worth of...
JPM
Dubai government secures 3 billion financing for airports expansion
DUBAI Reuters The Dubai government said on Sunday that it had secured 3 billion in long term financing for the expansion of its airports The expansion is one of three multi billion dollar infrastructure projects that the emirate is planning to fund through debt together with the building of Dubai s World Expo 20...
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Former Rabobank traders convicted in U S over Libor rigging
By Nate Raymond and Brendan Pierson NEW YORK Reuters A federal jury found two former traders at Rabobank RABO UL guilty of fraud on Thursday in the first U S trial arising from a global investigation into manipulation of Libor the leading benchmark for pricing financial transactions around the world Anthony A...
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ECB Fed ready for market jolts as they head on opposite policy paths
By Balazs Koranyi FRANKFURT Reuters The world s top two central banks accept they will face periodic market jolts as they move in opposite policy directions senior officials say with such risks inevitable given the hugely differing fortunes of the U S and European economies The European Central Bank and U S Fe...
MPC
Marathon Petroleum MPC Down 7 2 Since Earnings Report Can It Rebound
A month has gone by since the last earnings report for Marathon Petroleum Corporation NYSE MPC Shares have lost about 7 2 in that time frame Will the recent negative trend continue leading up to its next earnings release or is MPC due for a breakout Before we dive into how investors and analysts have reacted a...
MPC
Andeavor To Expand Presence In Mexico Aims Cost Reduction
Andeavor NYSE ANDV recently announced its intention of constructing a new terminal for the refined products at the Mexican state run electric utility Comisi n Federal de Electricidad s CFE Rosarito storage facility located in the Baja California state Per the terms of Andeavor s deal with CFE s subsidiary C...
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European stocks fall as automakers weigh DAX sheds 0 45
Investing com European stock markets were broadly lower on Tuesday as shares in automakers led declines while U S futures indexes pointed to a lower open on Wall Street During European morning trade the EURO STOXX 50 slipped 0 35 France s CAC 40 shed 0 3 while Germany s DAX 30 slumped 0 45 Shares in Euro...
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CORRECTED EXCLUSIVE UPDATE 2 Glencore sets IPO price range to raise 10 bln sources
Corrects to clarify 10 bln figure is based on mid point of price range Removes reference to earlier guidance in first paragraph Glencore sets IPO price range at 480 580 pence per share Offering could raise 10 bln at mid point excluding greenshoe Cornerstone investors to buy 3 1 bln of deal Condition...
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UPDATE 8 Glencore 11 bln IPO to make billionaires of bosses
Glencore sets IPO price range at 480 580 pence per share Glencore targets gross proceeds of 10 bln pre greenshoe Cornerstone investors to buy 31 percent of total offer Conditional share trading debut set for May 19 Updates with details from full prospectus By Kylie MacLellan and Elzio Barreto LONDON...
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UPDATE 2 UK regulator approves Baltic ship futures screen
Screen still to gain support from majority of brokers Swiss Singapore regulators give provisional approval Updates with further comment detail background By Jonathan Saul LONDON May 4 Reuters The Baltic Exchange has won UK regulatory approval to run a platform for centralised electronic trading of dr...
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GSK CEO says no short term plan to divest HIV unit
No immediate spin off on horizon for ViiV Healthcare Joint company established with Pfizer in 2009 By Ben Hirschler LONDON May 5 Reuters GlaxoSmithKline has no immediate plans to spin off an HIV drug company created in 2009 with Pfizer though it is open minded about the unit s long term position GSK s...
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European stocks edge higher on earnings DAX up 0 5
Investing com European stock markets were up on Wednesday as strong corporate earnings results and brokerage upgrades boosted market sentiment while U S futures indexes pointed to a higher open on Wall Street During European morning trade the EURO STOXX 50 climbed 0 3 France s CAC 40 added 0 15 while Germany...
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FTSE slides as growth concerns thump commodities
FTSE 100 falls 1 3 percent Weaker commodity prices dent miners energy stocks Technical indicators point to further weakness By Simon Falush LONDON May 12 Reuters A rout in commodity prices triggered by a gloomy view of global economic growth pummelled mining and energy stocks on Thursday which led a ...
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PRECIOUS Gold steady silver falters under firm dollar
Euro slides to 6 week low after IMF chief arrest Gold may retreat to 1 456 oz technicals ID nL4E7GG02I Coming up Euro zone finance ministers meeting Add Shanghai exchange margin decrease updates prices By Rujun Shen SINGAPORE May 16 Reuters Gold held steady and silver slid on Monday pressured ...
JPM
Slowing economy likely to ruffle Bank of England hawks feathers
By Andy Bruce LONDON Reuters Not yet is likely to be the main message this week from Bank of England officials pondering when to start signaling an interest rate hike after a sharp slowdown rekindling doubt about Britain s economy ahead of Brexit Most BoE rate setters who were wrong footed by the resilience of ...
JPM
Sinclair Broadcast to buy Tribune Media for about 3 9 billion
By Liana B Baker and Rishika Sadam Reuters Sinclair Broadcast Group Inc O SBGI said on Monday it would buy Tribune Media Co N TRCO one of the largest U S television station operators for about 3 9 billion giving Sinclair a greater foothold in big broadcast markets like New York and Chicago Shares of Tr...
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Citi to set up unit to design mobile banking solution
Reuters Citigroup N C Inc s consumer banking unit said it would set up a unit Citi FinTech for designing a radically simple connected mobile banking solution Stephen Bird chief executive of the bank s global consumer banking unit said Heather Cox would head Citi FinTech Cox was previously the chief c...
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Rates Are Rising Because Of China Not Inflation
There has been a lot of angst in the markets as of late as interest rates have risen back to the levels last seen oh my gosh all the way back to last year Okay a bit of sarcasm I know But from all of the teeth gnashing and rhetoric of the recent rise in rates you would have thought the world just ended The ch...
MPC
Crude Oil And Rig Counts 4 30 18
Step Back Oil prices are taking a step back on Monday as an increase in rig counts and a drop in supply in Cushing Oklahoma and a perceived drop in Geo political risk premium are causing traders to take a step back The U S oil rig count increased by 5 rigs last week as U S producers are responding to higher prices...
MPC
Merger Of Two Independents To Create Largest U S Refiner
An April 30 2018 research note issued by Raymond James indicated that Marathon Petroleum Corp NYSE MPC has agreed to merge with Andeavor NYSE ANDV The combined entity will possess 3 plus million barrels per day of refining capacity making it the largest domestic refiner with a diverse and expansive footprint...
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UPDATE 1 MUFG to gain Y200 bln converting M Stanley shares
Adds detail TOKYO April 22 Reuters Mitsubishi UFJ Financial Group will post a gain of about 200 billion yen 2 4 billion from converting preferred shares in Morgan Stanley to ordinary shares a senior company executive said Friday The conversion will not take place until at least July MUFG Deputy Presi...
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UBS client flows seen up focus on investment bank
Q1 net profit seen sliding 21 percent to 1 742 bln Sfr Q1 wealth management net new money seen at 7 9 bln Sfr Due to report Q1 earnings at 0445 GMT By Emma Thomasson ZURICH April 26 Reuters UBS is set to report on Tuesday it attracted the most client money for its wealth management arm since the financ...
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UPDATE 5 UBS sees money pour back as rebuilds trust
Q1 net profit 1 8 bln Swiss francs vs 1 74 bln forecast Q1 wealth management net new money 11 1 bln francs Analysts forecast inflows of just 3 9 bln francs Shares up 5 7 percent Adds CFO comment updates shares By Emma Thomasson ZURICH April 26 Reuters UBS looked to put the financial crisis behi...
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UPDATE 9 J J to buy Synthes for 21 6 billion
J J agrees to buy Synthes for 159 Swiss francs per share Deal J J s largest buy to boost orthopaedics business 19 bln Swiss franc cash stock deal to close H1 2012 Has support of both boards Synthes shares trade near flat J J shares fall 0 9 percent Recasts lead adds details from conference call ...
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Coutts names new head of international arm
Chief exec retires as unit rebranded with Coutts name Aim to expand internationally away from core UK market LONDON April 27 Reuters The international arm of Royal Bank of Scotland s Coutts private bank has recruited a new head to replace Chief Executive Gerhard Mueller who is retiring Alex Classen a fo...
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UPDATE 2 Russian search engine Yandex seeks 1 bln Nasdaq IPO
Offering to consist of new and existing shares To channel proceeds into technology infrastructure May also fund deals for technologies teams or businesses Adds further details By Maria Kiselyova and Anastasia Teterevleva MOSCOW April 28 Reuters Yandex Russia s most popular internet search engine ...
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UPDATE 1 Macquarie H2 falls 3 pct flags better 2012
H2 profit A 553 mln vs A 541 mln expected by analysts Dividend 100 cents Says expects higher 2012 earnings subject to market conditions Securities business profit contribution falls 70 pct on year Adds details of results quotes SYDNEY April 29 Reuters Macquarie Group Australia s largest invest...
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UPDATE 4 Macquarie eyes Europe buys flags 2012 profit rise
H2 profit A 553 mln vs A 541 mln expected by analysts Signals worst may be over Dividend 100 cents Says to eye buying businesses being sold by big Europe banks Shares rise as much as 2 pct Says expects higher 2012 earnings subject to market conditions Adds comments from CFO interview updates shares ...
JPM
JPMorgan to move hundreds out of London post Brexit
We are going to use the three banks we already have in Europe as the anchors for our operations says JPMorgan s NYSE JPM Daniel Pinto who heads investment banking We will have to move hundreds of people in the short term to be ready for day one when negotiations finish and then we will look at the longer term...
JPM
Portugal breaks ranks as star euro zone bond performer
By Dhara Ranasinghe LONDON Reuters In a major turnaround Portugal has emerged as the year s best performing euro zone bond market outside little traded Greece helped by its improving economy and shrinking budget deficit and by the fading threat of a break up of the bloc Benchmark 10 year Portuguese bonds have re...
JPM
City of London s Brexit job losses limited to low thousands new policy chief
By Huw Jones and Andrew MacAskill LONDON Reuters A shift in banking jobs from Britain to continental Europe because of Brexit is likely be in the low thousands the City of London s new policy chief said on Thursday and warned that a turbulent few months lay ahead Catherine McGuinness 58 was elected on Thu...
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Citigroup shares rise 2 5 on upbeat Q3 earnings
Investing com Banking conglomerate Citigroup N C reported better than expected third quarter earnings on Thursday sending its shares higher in pre market trade Citigroup said adjusted earnings per share came in at 1 31 in the three months ended September 30 above expectations for earnings of 1 27 per share a...
MPC
Oil s Trouble With Tech
Oil ran into tech trouble as the U S tech sector is under fire leading to a sell off in stocks against a backdrop of rising oil inventory The Data breach scandal at Facebook NASDAQ FB is only one of many quick rising problems for the many tech firms and I am sure somewhere the Winklevoss twins are smiling As the w...
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Earnings propel European shares higher
European stock markets will be closed for Easter on Friday and Monday Coverage will resume on Tuesday FTSEurofirst 300 index closes 0 4 percent higher AkzoNobel up as profit rises Miners up as metals prices rise with gold at record By Brian Gorman LONDON April 21 Reuters European shares closed at t...
JPM
JPMorgan s Dimon says biggest fear is bad public policy
By Michael Flaherty LOS ANGELES Reuters Jamie Dimon the chief executive officer and chairman of JPMorgan Chase Co N JPM on Monday railed against what he called excessive U S regulations and called on Washington to come together to build a more business friendly economy that supports workers The real issue...
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Barclays Closes Sale Of Singapore Hong Kong Wealth Unit
In sync with its efforts to simplify operations Barclays LON BARC PLC NYSE C completed the sale of its Wealth and Investment Management WIM business in Singapore and Hong Kong The unit has been sold to Bank of Singapore Limited the wholly owned private banking subsidiary of Oversea Chinese Banking Corporatio...
MPC
HollyFrontier HFC Q4 Earnings Lag Sales Profit Up Y Y
HollyFrontier Corporation NYSE HFC reported fourth quarter 2017 net income per share excluding special items of 70 cents below the Zacks Consensus Estimate of 82 cents The weaker than anticipated results can be attributed to lower than expected refining margins Notably the refining margins in the quarter stoo...
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FTSE retreats as China inflation concerns resurface
FTSE falls 0 5 percent Miners retreat ahead of China data on Friday Reckitt slips as CEO retires By David Brett LONDON April 14 Reuters Britain s top share index swung lower on Thursday as concerns over Chinese inflation moved back into focus and Reckitt Benckiser fell sharply as it announced the sho...
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UPDATE 2 Chinese Facebook Renren shoots for U S IPO
Adds details on Renren Chinese market April 15 Reuters China s largest social network Renren filed for a U S initial public offering to raise up to 573 1 million the first of a clutch of Facebook clones hoping to boost their profile with an American listing Renren owned by Oak Pacific Interactive hopes...
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European stocks surge on upbeat earnings DAX jumps 2
Investing com European stock markets posted sharp gains on Wednesday as market sentiment was lifted amid a flurry of upbeat earnings reports while U S futures indexes pointed to a higher open on Wall Street During European morning trade the EURO STOXX 50 climbed 1 55 France s CAC 40 rose 1 7 while Germany s ...
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UPDATE 2 Banks hit back in dark pool trading war of words
Banks say stock exchanges exaggerate dark pool volumes Say only 16 pct of Europe trade takes place in dark pools Regulators looking to tighten dark pool rules Dark pools on the rise through electronic trading Adds data on European trading By Luke Jeffs LONDON April 20 Reuters Investment banks l...
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MUFG and Morgan Stanely Japan JV to post 1 7 bln loss sources
TOKYO April 20 Reuters A Japanese securities joint venture between Mitsubishi UFJ Finacial Group MUFG and Morgan Stanley will book a net loss of about 140 billion yen 1 7 billion for the year ended in March due mainly to massive bond trading losses sources familiar with the matter said on Wednesday Japan...