|RTT Top News
Global financial news, market analysis, economics and forex news
- U.K. Economy Expands More Than Estimated In Q2
- Tue, 30 Sep 2014 12:54:02 GMT - The U.K. economy grew more than estimated in the second quarter and the current account deficit widened from the first quarter, the Office for National Statistics said Tuesday. Gross domestic product grew 0.9 percent sequentially, up from the prior estimate of 0.8 percent. The annual growth was confirmed at 3.2 percent.
- Eurozone Inflation Lowest Since 2009; Jobless Rate Stable
- Tue, 30 Sep 2014 12:33:56 GMT - Eurozone inflation slowed in September, as expected, to the lowest since late 2009 and the unemployment rate remained stable at a double digit level in August putting pressure on the European Central Bank to launch a full-blown easing. Inflation came in at 0.3 percent, slower than August's 0.4 percent. This was the lowest since October 2009, when prices fell 0.1 percent.
- EBay To Separate PayPal In 2015, Dan Schulman To Become PayPal CEO
- Tue, 30 Sep 2014 11:59:08 GMT - E-commerce giant eBay Inc. said its Board of Directors has approved a plan to separate eBay and PayPal businesses into independent publicly traded companies in 2015, subject to conditions. Separately, the company announced the appointment of Dan Schulman as the new president of PayPal with immediate effect. Schulman will become PayPal's chief executive officer in the second half of 2015.
- Wall Street Seeking To Rebound Ahead Of Data
- Tue, 30 Sep 2014 10:33:33 GMT - Trading in the U.S. index futures suggests that Wall Street stocks may open Tuesday's session higher following yesterday's retreat. Earlier in the global trading day, Asian stocks closed mixed amid continuing turmoil in Hong Kong and mixed data from the region, while the European markets are also trading in a tentative manner amid the release of data showing a slowdown in eurozone inflation. The domestic markets may focus on a few domestic economic data on manufacturing and consumer confidence and a Fed speech scheduled for the day.
- Asian Stocks Follow Wall Street Lower
- Tue, 30 Sep 2014 09:15:19 GMT - Asian stocks followed Wall Street lower on Tuesday amid fears that pro-democracy protests in Hong Kong could weigh down mainland China's slowing economy. Weak data out of China and Japan also kept investors cautious as the dollar paused for breath after its biggest quarterly gain in six years.
- RBI Leaves Key Rate Unchanged As Expected
- Tue, 30 Sep 2014 08:16:57 GMT - The Reserve Bank of India kept its key rates unchanged once again as expected, citing upside risks to medium-term inflation target. The decision announced Tuesday meant that the repo rate was left unchanged at 8.00 percent for the fourth straight policy meeting. The repo rate is the rate at which the central bank lends to commercial banks.
- India Leaves Key Rate Unchanged As Expected
- Tue, 30 Sep 2014 08:11:46 GMT - The Reserve Bank of India kept its key rates unchanged once again as expected, citing upside risks to medium-term inflation target. The decision announced Tuesday meant that the repo rate was left unchanged at 8.00 percent for the fourth straight policy meeting. The repo rate is the rate at which the central bank lends to commercial banks.
- RBS Says FY14 Impairments To Outperform Guidance; Stock Jumps
- Tue, 30 Sep 2014 07:44:57 GMT - Royal Bank of Scotland Group Plc. (RBS, RBS.L) Tuesday said it now expects lower impairments for fiscal year 2014, than the previously anticipated 1 billion pounds. The company cited continued improvement in economic conditions and asset prices in its key markets, including Ireland. The stock added 4 percent in early morning trading.
- Wolseley FY14 Profit Climbs; Lifts Dividend; To Buy Back Shares
- Tue, 30 Sep 2014 07:15:09 GMT - Plumbing and heating products distributor Wolseley Plc. reported Tuesday a surge in fiscal 2014 profit, benefited by the absence of a prior year charge as well as growth in revenues from ongoing businesses. The company also announced higher dividend for the year, as well as a 250 million pounds share buyback programme.
- UK House Prices Log First Fall In 16 Months
- Tue, 30 Sep 2014 06:56:08 GMT - U.K. house prices unexpectedly declined in September after rising for sixteen straight months amid signs that demand may be starting to ease, the results of a survey by the Nationwide Building Society showed Tuesday.
- European Stocks Seen Mixed Amid China Growth Concerns
- Tue, 30 Sep 2014 06:22:54 GMT - The major European markets are likely to open on a mixed note Tuesday amid concerns over sluggish economic growth in China.
- SLXP Gets FDA Nod, Catalyst Makes Right Moves, TKAI On Watch, AMAG Opens Wallet
- Tue, 30 Sep 2014 05:08:41 GMT - AMAG Pharmaceuticals Inc. (AMAG) rose more than 28% to close at a 4-year high of $29.72 on Monday after the company announced that it is acquiring privately held Lumara Health Inc. in a deal valued at about $1.025 billion.
- Stocks Recover From Initial Sell-Off But Close Modestly Lower - U.S. Commentary
- Mon, 29 Sep 2014 20:26:57 GMT - After moving sharply lower at the open, stocks showed a substantial recovery attempt over the course of the trading day on Monday. The Nasdaq and the S&P 500 bounced well off the one-month intraday lows set in early trading but still closed in the red.
- Crude Oil Ends Above $94 Amid Supply Concerns
- Mon, 29 Sep 2014 18:58:53 GMT - U.S. crude oil ended sharply higher for a second straight session on Monday, after data from the U.S. showed consumer spending to have risen more than expected in August. Prices also found support over the upcoming temporary refinery closures to prepare for the winter. Prices were also under pressure after some unplanned refinery shutdowns in Canada and the U.S.
- Americans Oppose Use Of Ground Forces Against ISIS But Expect It Anyway
- Mon, 29 Sep 2014 18:36:44 GMT - While most Americans oppose sending ground troops into combat operations against the terrorist group known as ISIS, the results of a CNN/ORC International poll found that an even larger majority think the American military will still end up putting boots on the ground.
- Gold Ends Higher As Dollar Declines
- Mon, 29 Sep 2014 18:13:38 GMT - Gold futures ended higher Monday, on safe haven demand after the dollar trended lower on some mixed economic data from the U.S. with pending home sales pulling back more than expected in August.
- Stocks Climb Well Off Lows But Continue To See Modest Weakness - U.S. Commentary
- Mon, 29 Sep 2014 16:01:48 GMT - Stocks have shown a notable recovery since coming under pressure at the open, but the markets continue to see modest weakness in mid-day trading on Monday. The rebound came after the Nasdaq and the S&P 500 hit their worst intraday levels in over a month.
- Poll Suggests Libertarian Could Impact North Carolina Senate Race
- Mon, 29 Sep 2014 15:39:15 GMT - With incumbent Sen. Kay Hagan, D-N.C., and Republican challenger Thom Tillis running nearly neck-and-neck in the North Carolina Senate race, the results of a new CNN/ORC International survey suggest that the race could be decided by the number of votes for Libertarian candidate Sean Haugh.
- First Democratic Transition Of Power In Afghanistan's History
- Mon, 29 Sep 2014 14:53:15 GMT - Afghanistan on Monday witnessed the first democratic and peaceful transfer of power in the country's history with the inauguration of Dr. Mohammad Ashraf Ghani Ahmadzai as the new President. At a swearing-in ceremony attended by nearly 100 dignitaries, including foreign diplomats, at the presidential palace in Kabul, Ashraf Ghani was first sworn in by the chief justice. Ghani then formally appoin
- Stocks Regain Ground After Initial Sell-Off - U.S. Commentary
- Mon, 29 Sep 2014 14:41:14 GMT - After moving sharply lower at the open, stocks have regained some ground over the course of early trading on Monday. The major averages have climbed well off their lows for the young session but remain stuck in negative territory.
- U.S. Pending Home Sales Pull Back From Eleven-Month High In August
- Mon, 29 Sep 2014 14:25:06 GMT - Pending home sales in the U.S. pulled back by much more than expected in the month of August, according to a report released by the National Association of Realtors on Monday.
- U.S. Personal Spending Rises 0.5% In August, Slightly More Than Expected
- Mon, 29 Sep 2014 13:23:05 GMT - Personal spending in the U.S. rose by slightly more than expected in the month of August, according to a report released by the Commerce Department on Monday. The report said personal spending increased by 0.5 percent in August, while revised data showed that spending was unchanged in July.
- Tibco Software To Be Acquired By Vista Equity Partners In $4.3 Bln Deal
- Mon, 29 Sep 2014 13:06:00 GMT - Business software maker Tibco Software Inc. said Monday that it has agreed to be acquired by private equity firm Vista Equity Partners for about $4.3 billion, including the assumption of net debt. The deal was unanimously approved by Tibco's board of directors following a thorough review of strategic and financial alternatives conducted by a special committee of the board.
- Stocks May Come Under Pressure Amid Worries About Hong Kong - U.S. Commentary
- Mon, 29 Sep 2014 12:59:47 GMT - Following the weakness seen last week, stocks are likely to see further downside in early trading on Monday. The major index futures are currently pointing to a sharply lower open for the markets, with the Dow futures down by 143 points.
- Eurozone Economic Confidence Falls To 10-Month Low
- Mon, 29 Sep 2014 11:55:43 GMT - Eurozone economic confidence weakened to a 10-month low in September as consumers and retailers turned more cautious suggesting that the region hardly recovered from a flat performance in the second quarter. The economic sentiment index dropped to 99.9, in line with forecast, from 100.6 in August, survey results from the European Commission showed Monday.
- Encana To Buy Texas-based Athlon Energy In $7.1 Bln Deal
- Mon, 29 Sep 2014 11:07:16 GMT - Canadian energy producer Encana Corp. Monday announced a definitive merger agreement to buy Texas-based Athlon Energy Inc. in an all-cash tender offer for $5.93 billion. Encana will also assume Athlon's $1.15 billion of senior notes, resulting in a total transaction value of approximately $7.1 billion. In pre-market activity on the NYSE, Athlon shares were gaining 24.07 percent.
- Wall Street Mood Subdued Ahead Of Data
- Mon, 29 Sep 2014 10:30:26 GMT - Early indications suggest that the recovery by Wall Street stocks last Friday may prove short lived. The major U.S. index futures point to a lower opening on Monday after Asian stocks closed mixed, while the European averages are trading amid nervousness. The sentiment in Asia was rendered cautious by pro-democracy demonstrations in Hong Kong. Meanwhile, the mood in the domestic markets may be dictated by a couple of economic data on personal income and spending, and pending home sales.
- Asian Stocks Mixed Amid Political Unrest In Hong Kong
- Mon, 29 Sep 2014 09:21:20 GMT - Asian stocks ended mixed on Monday, as political unrest in Hong Kong and falling commodity prices due to a stronger dollar offset optimism about the overall U.S. growth outlook. With fears intensifying over an early rise in U.S. interest rates, investors awaited a slew of U.S. data due this week, including the all-important jobs data due on Friday, for further direction.
- Balfour Beatty Shares Tumble After Profit Warning On Construction Services UK
- Mon, 29 Sep 2014 08:04:03 GMT - Infrastructure group Balfour Beatty Plc. (BBY.L) Monday said it expects a further profit shortfall in Construction Services UK, adding that the Board continues to believe the standalone strategy would deliver value in the medium term. The stock plunged more than 23 percent on the London Stock Exchange.
- European Stocks Seen Mixed
- Mon, 29 Sep 2014 06:24:22 GMT - European stocks are poised to open on a mixed note Monday as speculators raise bets the U.S. Federal Reserve will hike interest rates sooner rather than later. The dollar hit a fresh four-year high against a basket of currencies, dampening demand for commodities priced in the U.S. currency.