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Updated: 51 min 50 sec ago

Russian court extends custody of Baring Vostok's Calvey until April

4 hours 9 min ago
A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms accused of fraud, to be kept in custody until April 13.
Categories: Financial Media

Russian court orders Baring Vostok's Calvey to be kept in custody until April 13

6 hours 30 min ago
A Moscow court has ordered Baring Vostok's founder Michael Calvey to be kept in custody until April 13.
Categories: Financial Media

Baring Vostok's Calvey tells Russian court he will cooperate with investigation

7 hours 6 min ago
Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms, told a Russian court on Saturday he would cooperate with an investigation into alleged financial misconduct and comply with terms if put under house arrest.
Categories: Financial Media

HNA cuts stake in Deutsche Bank to 6.3 percent: SEC filing

11 hours 4 min ago
Chinese conglomerate HNA has cut its stake in Deutsche Bank to 6.3 percent, according to a filing with the U.S. Securities and Exchange Commission.
Categories: Financial Media

China-U.S. trade talks 'making a final sprint': state media

15 hours 55 min ago
Chinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced "step-by-step" progress.
Categories: Financial Media

Automakers brace for U.S. government report on import tariffs

16 hours 42 min ago
A confidential Commerce Department report due to be sent to Donald Trump on Sunday is widely expected to clear the way for the U.S. president to threaten tariffs on imported autos and auto parts by designating the imports a national security threat, auto industry officials said on Friday.
Categories: Financial Media

Starboard gauges Bristol-Myers shareholder support for Celgene deal

17 hours 29 min ago
Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among Bristol-Myers Squibb Co shareholders for the U.S. drug maker's $74 billion deal to buy Celgene Corp, people familiar with the matter said on Friday.
Categories: Financial Media

Wall Street Week Ahead: Profit estimates may be adding in too much cost risk

19 hours 5 min ago
As Wall Street braces for the first quarterly decline in earnings in nearly three years, some investors are wondering if the market is factoring in a bigger erosion in profit margins than will actually come to pass.
Categories: Financial Media

Fed policymakers see one U.S. rate hike, or none, as growth slows

19 hours 7 min ago
When the Federal Reserve last month adopted a new "patient" approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases, if any, were in the offing.
Categories: Financial Media

Amazon invites Ocasio-Cortez for tour, calls worker claims untrue

Fri, 02/15/2019 - 23:33
A senior Inc executive on Friday disputed claims raised by Representative Alexandria Ocasio-Cortez that Amazon workers face "dehumanizing conditions" as being untrue and invited her to take a tour of company facilities.
Categories: Financial Media

Payless ShoeSource to start liquidation sales at stores

Fri, 02/15/2019 - 23:14
U.S. discount retailer Payless ShoeSource Inc said on Friday it would begin going-out-of-business sales at its U.S. and Puerto Rico stores on Feb. 17 and wind down its e-commerce operations.
Categories: Financial Media

Venezuela opposition to leave Citgo funds, management untouched: envoy

Fri, 02/15/2019 - 23:07
Venezuela's opposition has no plans to use funds belonging to U.S. refiner Citgo, which is owned by state oil company PDVSA, despite having named a new board for the company this week, the self-declared interim government's U.S. envoy said on Friday.
Categories: Financial Media

Mattel warns of weak 2019, shares drop most in 20 years

Fri, 02/15/2019 - 22:52
Mattel Inc on Friday issued a disappointing 2019 forecast and said demand for its iconic Barbie doll was slowing, triggering an 18 percent drop in its shares, their worst day in nearly two decades.
Categories: Financial Media

Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade

Fri, 02/15/2019 - 22:38
Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade, although investors saw the plan as only a short-term fix.
Categories: Financial Media

Analyst View: Investors divided over Mexico's bailout of state oil company

Fri, 02/15/2019 - 22:36
The Mexican government promised on Friday to do what it takes to strengthen the finances of ailing state oil company Petroleos Mexicanos with an injection of at least $3.6 billion to prevent a further credit downgrade.
Categories: Financial Media

TSX rises 0.91 percent

Fri, 02/15/2019 - 21:54
* The Toronto Stock Exchange's  S&P/TSX rose 142.26 points, or 0.91 percent, to 15,838.24.
Categories: Financial Media

Citigroup CEO gets $24 million as compensation in 2018

Fri, 02/15/2019 - 21:53
Citigroup Inc said on Friday its Chief Executive Michael Corbat will get a 4.35 percent raise, bringing his total compensation for 2018 to $24 million.
Categories: Financial Media

Wall Street rallies on trade optimism

Fri, 02/15/2019 - 21:29
Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted trade war.
Categories: Financial Media

Oil rises over 2 percent to 2019 highs on tightening supplies

Fri, 02/15/2019 - 20:57
Oil prices rose more than 2 percent to their highest this year on Friday after an outage at Saudi Arabia's offshore oilfield boosted expectations for tightening supply, while progressing U.S.-Sino trade talks strengthened demand sentiment.
Categories: Financial Media

Big U.S. exchanges to sue SEC over 'overreaching' fee experiment

Fri, 02/15/2019 - 20:50
The three largest U.S. stock exchange operators said they will sue the Securities and Exchange Commission for overstepping its authority by ordering a pilot program to test banning lucrative payments exchanges make to brokers for resting stock orders.
Categories: Financial Media