Wed, 26 Nov 2014 23:01:40 -0500

Workers fasten iron rods at the construction site of a multi-storied residential complex in the western Indian city of AhmedabadBy Deepti Govind BANGALORE (Reuters) - India's economic growth probably slowed to 5.1 percent in the July-September quarter from a year ago, but economists polled by Reuters doubted whether that would be enough to persuade the central bank to cut interest rates just yet. Clamours for the Reserve Bank of India to ease policy have grown louder in recent weeks. Consumer inflation slowed to 5.52 percent in October, its lowest reading on record, and despite Mumbai's soaring stock market there are no signs of economic growth picking up. ...


Wed, 26 Nov 2014 17:00:18 -0500

FILE - In this Thursday, Nov. 28, 2013, file photo, shoppers enter a Best Buy as the store opens on Thanksgiving Day, in Overland Park, Kan. Despite positive economic signs, holiday shoppers will only spend if they get big discounts. (AP Photo/Charlie Riedel, File)Falling gas prices. Soaring stock market. Unemployment at a six-year-low.


Wed, 26 Nov 2014 16:07:52 -0500
NEW YORK (Reuters) - U.S. stocks rose on Wednesday boosted by tech shares, with the S&P 500 and Dow industrials closing at records, while the energy sector was once more the largest weight on the market as crude prices continued to flirt with multi-year lows. The Dow Jones industrial average rose 12.75 points, or 0.07 percent, to 17,827.69, the S&P 500 gained 5.76 points, or 0.28 percent, to 2,072.79 and the Nasdaq Composite added 29.07 points, or 0.61 percent, to 4,787.32. Volume was relatively light ahead of the Thanksgiving holiday. The U.S. ...
Wed, 26 Nov 2014 14:48:38 -0500

A street sign is seen in front of the New York Stock Exchange on Wall Street in New YorkNEW YORK (Reuters) - U.S. stocks edged up on Wednesday, boosted by tech shares, while the energy sector was once more the largest weight on the market as crude prices continued to flirt with multi-year lows.


Wed, 26 Nov 2014 12:36:38 -0500

Traders work on the floor of the New York Stock ExchangeBy Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks ticked higher on Wednesday as the market's recent upward bias held ahead of the Thanksgiving holiday, even as a round of economic data came in below expectations. Trading was light, with some market participants already out for Thanksgiving. The stock market will be closed on Thursday and will close early on Friday. The thin action could amplify swings, especially with the Dow and S&P having hit a string of records recently. Market moves have been slight of late, though indexes have trended to the upside. ...


Wed, 26 Nov 2014 12:19:02 -0500

GoPro Inc's founder and CEO Nick Woodman(Reuters) - Wearable camera maker GoPro Inc is developing its own line of consumer drones, the Wall Street Journal reported, citing people familiar with the matter. The multi-rotor helicopters, priced between $500 and $1,000, will go on sale late next year, the Journal said. GoPro was not immediately available for comment. The company already provides the cameras used in many drones. (Reporting by Anya George Tharakan and Sai Sachin R in Bangalore; Editing by Kirti Pandey)


Wed, 26 Nov 2014 12:15:54 -0500

In this Sept. 30, 2014 photo, Westmont Borough Parks & Public Works crew member Tom Holbay uses a John Deere tractor to remove the fallen elm leaves from the median of Luzerne Street in Johnstown, Pa., while Jim Carbaug trails behind to clean up the rest. John Deere reports quarterly financial results on Wednesday, Nov. 26, 2014. (AP Photo/The Tribune-Democrat, Thomas Slusser)NEW YORK (AP) — Deere's fourth-quarter results were stronger than Wall Street expected but it says its farm equipment sales and profits will keep falling in its new fiscal year as the sector remains weak.


Wed, 26 Nov 2014 12:15:00 -0500
After a choppy session, the UK stock market finished more or less flat despite gains in the mining and telecom sectors, with a string of mostly disappointing economic data from the US weighing on sentiment....
Wed, 26 Nov 2014 09:51:06 -0500
By Jamie McGeever LONDON (Reuters) - The risk Britain will quit the European Union appears to be rising, which would be negative for the economy and might force Standard & Poor's to "reassess" its top-grade credit rating, the ratings agency said on Wednesday. Moritz Kraemer, S&P's head of sovereign ratings, also told Reuters that Russia's economy could slip into recession next year and its foreign exchange reserves erode further as lower oil prices and Western sanctions bite. He said in an interview that a Russian recession was not his central scenario, but is a "significant possibility". ...
Wed, 26 Nov 2014 08:41:13 -0500
CAIRO, Nov 26 (Reuters) - Egyptian cake and biscuit maker Edita Food Industries plans to list its shares on the Egyptian stock exchange early next year, tapping into a revival of investor interest in the Cairo bourse. The initial public offering (IPO) could value the food company at around 1.5 billion Egyptian pounds ($209.79 million), industry sources said. The IPO is planned for the first quarter of 2015. ...
Wed, 26 Nov 2014 08:37:55 -0500
LONDON (Reuters) - Russia's economy could slip into recession next year and its foreign exchange reserves fall further as lower oil prices and Western sanctions bite, credit ratings agency Standard & Poor's told Reuters on Wednesday. Moritz Kraemer, S&P's head of sovereign ratings, said a Russian recession was not his central scenario, but is a "significant possibility". Kraemer also said the risk of Britain eventually leaving the European Union appears to be rising, which would be negative for the UK economy and might force S&P to "reassess" the country's top-grade AAA rating. ...
Wed, 26 Nov 2014 08:31:01 -0500

Traders work on the floor of the New York Stock ExchangeBy Ryan Vlastelica NEW YORK (Reuters) - U.S. stock index futures were flat on Wednesday as investors looked ahead to a flurry of economic data that will be released throughout the morning, which could indicate whether the market's record levels are justified. * While shares could see some pressure following weak results from Hewlett-Packard Co and Deere & Co, trading is expected to be quiet, with some market participants already out for the Thanksgiving holiday. The stock market will be closed on Thursday and will close early on Friday. * Market moves have been slight of late. ...


Wed, 26 Nov 2014 08:09:19 -0500

Workers fasten iron rods at the construction site of a multi-storied residential complex in the western Indian city of AhmedabadBy Deepti Govind BANGALORE (Reuters) - India economic growth probably slowed to 5.1 percent in the July-September quarter from a year ago, but economists polled by Reuters doubted whether that would be enough to persuade the central bank to cut interest rates just yet. Clamours for the Reserve Bank of India to ease policy have grown louder in recent weeks. Consumer inflation slowed to 5.52 percent in October, its lowest reading on record, and despite Mumbai's soaring stock market there are no signs of economic growth picking up. ...


Wed, 26 Nov 2014 02:07:06 -0500

The Tokyo Stock Exchange has indefinitely shelved a plan to hold a two-hour evening session, which was being considered as a way for the bourse to better compete with rivals in Europe and the United StatesThe Tokyo Stock Exchange (TSE) has indefinitely shelved a plan to hold a two-hour evening session, which was being considered as a way for the bourse to better compete with rivals in Europe and the United States. With competition intensifying among the world's exchanges, officials in Tokyo in January established a round table to discuss the idea of reopening from 9pm to 11 pm (1200-1400 GMT). Tokyo's bourse is open for a total of five hours per day with an hour midday break -- less than six and a half hours on Wall Street and also trailing London and Singapore. The TSE "has today decided not to extend its trading hours", it said in a statement issued Tuesday.


Wed, 26 Nov 2014 01:12:06 -0500
LONDON (Reuters) - Goldman Sachs has been ordered to divulge earlier than planned the profits it made on trades it carried out for Libya's sovereign wealth fund, at the centre of a $1 billion legal battle, a representative of the fund told Reuters on Tuesday. In a ruling on Monday by the High Court in London, a judge ordered the Wall Street bank to expedite the release of the profit figures, rather than deliver them at the Feb. 20 standard disclosure deadline, a spokesman for the Libyan Investment Authority (LIA) said. The bank declined comment on Tuesday. ...
Wed, 26 Nov 2014 00:15:30 -0500
Nov 26 (Reuters) - The following are the top stories in theWall Street Journal. Reuters has not verified these stories anddoes not vouch for their accuracy. * The U.S. Supreme Court on Tuesday said it would review thenation's first-ever standards requiring power plants to reducemercury emissions and other toxic air pollutants, taking up acase with implications for President Barack Obama's broaderenvironmental agenda. (http://on.wsj.com/1yardAw) * The U.S. ...
Tue, 25 Nov 2014 23:44:25 -0500
Reuters Market Eye - Shares in Siemens Ltd gain 1.24 percent. The company reported more than two-fold increase in its September quarter net profit. Margin improvement is seen across all business verticals on a sequential basis, Motilal Oswal Securities said. "Operational performance was in line with expectations and adjusted net profit stands above the estimates," it said. (Reporting by Indulal PM)
Tue, 25 Nov 2014 18:41:54 -0500

FILE - In this Feb. 16, 2010, file photo, Hewlett-Packard inks are seen on display in Mountain View, Calif. Hewlett-Packard Co. reports quarterly financial results on Tuesday, Nov. 25, 2014. (AP Photo/Paul Sakuma, File)SAN FRANCISCO (AP) — Hewlett-Packard Co.'s latest earnings report shows that despite three years of efforts to turn its business around, the venerable tech giant still has a lot more work ahead.


Tue, 25 Nov 2014 18:15:07 -0500
(Reuters) - The U.S. Justice Department is investigating allegations that an employee of HSBC Holdings Plc leaked confidential client information to a major hedge fund, the Wall Street Journal reported, citing people with knowledge of the matter. The alleged leak is believed to have taken place in March 2010, when HSBC was advising British insurer Prudential Plc on a major acquisition and was working on a related multibillion-dollar currency transaction, the Journal reported. (http://on.wsj. ...
Tue, 25 Nov 2014 17:55:43 -0500

The logo of US conglomerate General Electric is pictured at the company's site in BelfortBy Douwe Miedema WASHINGTON (Reuters) - The U.S. Federal Reserve on Tuesday proposed to impose tougher capital standards on General Electric's finance unit, one of a handful of non-bank firms deemed critically important to the health of the financial system. The proposed standards would be generally similar to those that apply to large banks, the Fed said. The proposal was open for public comment for a period of 60 days. The 2010 Dodd-Frank Wall Street reform act automatically designated banks with more than $50 billion in assets as "systematically important financial institutions. ...


Tue, 25 Nov 2014 17:01:50 -0500

Traders work on the floor of the New York Stock ExchangeBy Daniel Bases NEW YORK (Reuters) - Wall Street stocks closed mixed on Tuesday with early gains pared after the lowest U.S. consumer confidence data since June took the wind out of a rally spurred by upwardly revised U.S. economic growth, dragging down the U.S. dollar in the process. U.S. oil prices fell 2.5 percent to near four-year lows after a meeting between OPEC members Saudi Arabia and Venezuela with non-OPEC producers Russia and Mexico resulted in no deal to curb output to counter a 30 percent slump in prices since June. ...


Tue, 25 Nov 2014 16:52:36 -0500

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - U.S. stocks ended little changed on Tuesday as the U.S. economy grew more than expected last quarter but soft readings on consumer confidence and house prices kept major indexes in a tight range.


Tue, 25 Nov 2014 16:45:40 -0500
Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Pall Corp., up $3.31 to $98 The supplier of filtration technology reported better-than-expected ...
Tue, 25 Nov 2014 16:16:13 -0500
By Devidutta Tripathy MUMBAI (Reuters) - India's state-run banks face major obstacles in their plans to raise as much as $60 billion in new capital over the next few years, with investors sceptical about the prospects for most of them and workers wary of the government's grip loosening. With the tailwind of a strong recent stock market performance on optimism about a new government led by Prime Minister Narendra Modi, the banks are preparing to raise capital to meet upcoming global regulations and to build a buffer against rising bad loans. ...
Tue, 25 Nov 2014 16:11:43 -0500

In this Monday, Nov. 24, 2014 photo, trader John Lotito, center, works on the floor of the New York Stock Exchange. U.S. stocks rose in early trading Tuesday, Nov. 25, after the government revised up its estimate for economic growth in the third quarter, giving the U.S. its strongest six months of growth in a decade. Stocks are trading at all-time highs. (AP Photo/Richard Drew)NEW YORK (AP) — The U.S. stock market is ending the day pretty much it started, leaving indexes near record highs.