Result Page 49 for Latest Markets News & Archive

Markets

China’s Anbang insurance to acquire US insurer Fidelity & Guaranty Life in a $1.6 B deal

China insurance group Anbang will acquire US insurance provider Fidelity & Guaranty Life. The $1.57 billion deal aimed to expand China insurance in the global market.

Nov 10, 2015 3:13 AM EST

News

Banana Republic sales drop hits Gap Inc's stock on Wall Street

The US-based clothing retailer Gap Inc shares turned volatile following the sales drop in its brands the Banana Republic and Gap. In addition to a weaker forecast of earnings, a lower than previously predicted, have dampened the business confidence and put more pressure on the stock.

News

Ford to invest $9B in US plants

Ford has reached an agreement with United Auto Workers (UAW). As part of the agreement with the labor union, Ford is investing $9billion in US plants. Ford will develop new models and relaunch Ford Bronco and support Ford Ranger as well.

World

Markets upbeat on Monte Paschi bank's higher capital

The common equity tier-I ratio of Italian bank Banca Monte dei Paschi di Siena SpA rose to 11.7 percent from 10.7 percent. The derivatives transaction with Nomura Holdings was the prime reason for surge in bank's capital.

Investcorp buys hedge fund of SSARIS

Bahrain-based Investcorp Bank has bought hedge fund business of the US-based SSARIS Advisors. With the acquisition, Investcorp aims to double its assets under management over next seven years. The Bahrain's bank will also get clients from the US, Asia and European markets.

Nov 10, 2015 2:13 AM EST

Euro Group Meeting And Agreement To Fund Greece

France wants euro zone finance ministers to reach an agreement on non-performing loans at Greek banks at a meeting in Brussels later this Monday.

Nov 09, 2015 10:46 PM EST

China's imports plunges 12th month in a row

China's import dropped 18.8 percent to $130.8 billion in October for the 12th consecutive time, according to official data revealed Sunday.

Nov 09, 2015 10:36 PM EST

Weyerhaeuser's Plum Creek acquisition to create $23 billion timber company

Timber giant Weyerhaeuser Co will buy Plum Creek Timber Co. Inc., for $8.4 billion, creating a $23 billion timber, land and forest firm, the largest the United States.

Nov 09, 2015 7:55 PM EST

As Toyota Dropped Its Airbags, Takata Shares Plunged

Toyota dropped Takata as its airbag suppliers. The decision made a huge blow to Takata resulting a 25% drop in their share, the lowest in six years.

Nov 09, 2015 7:04 PM EST

Mixed Reaction in Asian Market As U.S. High Job Rates and Possible Fed Hike

Japanese and Chinese shares are up, while other Asia Pacific market decreases. As dollar stands high and U.S. strong jobs data may make Fed increase interest rates in December.

Nov 09, 2015 6:48 PM EST

National Grid to sell-off of its gas distribution arm in a £10 billion auction

National Grid Plc plans to sell its gas distribution operation for up to £10 billion. National Grid Plc is in early talks to sell its gas distribution operation in an auction with foreign investors that could be worth up to £10 billion.

Nov 09, 2015 6:01 AM EST

Japan PM's Orders new stimulus measures to achieve $5 Trillion Economy

Japanese Prime Minister Shinzo Abe ordered the government Wednesday to come up with an economic stimulus measure to boost the economy by a fifth to 600 trillion yen, or almost $5 trillion within five years

Nov 09, 2015 4:50 AM EST

Toshiba sues three former CEOs amid accounting scandal

Toshiba Inc. has sued its executives for ignoring overstated profits for almost seven years, worth about $1.3 billion. The company reported a loss on profit and shares fell.

Nov 09, 2015 3:50 AM EST

US wage growth at 6-year high; All eyes on US Fed

The US wage growth of 2.5 percent in October reaches its highest since July 2009. Beating forecast of 182,000, the US economy created 271,000 jobs during the month. The unemployment rate fell to five percent indicating its lowest level since 2009.

Nov 09, 2015 3:48 AM EST

Verizon plans to sell its business for $10 billion

Verizon plans to sell parts of its business for $10 billion in order to focus on its core business. The company would sell its internet and cloud services, and plans to focus on mobile services.

Nov 09, 2015 3:45 AM EST

Wells Fargo to pay $81.6M to homeowners in bankruptcy

Wells Fargo - one the largest banks and 30th biggest corporation in the US- has come to a settlement with the US Trustee Program of the Department of Justice over errors in sending out Payment Change Notices.

Nov 09, 2015 1:50 AM EST