Breaking Stock Market and Financial News

Egyptian court overturns ex-president Mursi's death sentence

Top Reuters News - Tue, 11/15/2016 - 07:38
CAIRO (Reuters) - Egypt's Court of Cassation on Tuesday overturned a death sentence against deposed president Mohammed Mursi of the Muslim Brotherhood and ordered a retrial.

UPS expects holiday deliveries to rise to a record of over 700 million packages

MarketWatch Market Pulse - Tue, 11/15/2016 - 07:13

United Parcel Service Inc. said Tuesday it expects record deliveries this holiday season, with over 700 million packaged expected to be delivered between Thanksgiving and New Year's Eve. The company expects the peak holiday delivery volume to rise more than 14% from the same period in 2015, with two more operating days this year. UPS expects a record 13 of the 21 days before Christmas to have deliveries of more than 30 million packages, compared with about 18 million package deliveries during typical non-peak periods. "Online and mobile commerce is simultaneously creating new opportunities and challenges for the retail industry, yet a constant remains: the holiday season is the most important time of the year for retailers," said Kate Gutman, senior vice president of sales and solution. The stock, which was still inactive in premarket trade, has run up 17% year to date, while the S&P 500 has gained 5.9%.

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Gazit-Globe to post $260 mln gain from Equity One sale

Reuters Us Markets - Tue, 11/15/2016 - 04:42
JERUSALEM, Nov 15 (Reuters) - Gazit-Globe, Israel's largest real estate development company, said on Tuesday it will reap a 1 billion shekel ($261 million) gain, or 5 shekels a share, from the sale...

Lundin Mining to sell stake in Tenke mine owner for $1.14 bln

Reuters Us Markets - Tue, 11/15/2016 - 04:42
Nov 15 (Reuters) - Canada's Lundin Mining Corp said it would sell its indirect stake in TF Holdings Ltd to an affiliate of Chinese private-equity firm BHR Partners for about $1.14 billion in cash.

BRIEF-BP to propose Deloitte as auditor from 2018

Reuters Us Markets - Tue, 11/15/2016 - 04:41
* BP to propose the appointment of Deloitte as auditor from 2018

India's Welspun to closely monitor its Egyptian cotton business

Reuters Us Markets - Tue, 11/15/2016 - 04:41
MUMBAI, Nov 15 (Reuters) - Home textiles manufacturer Welspun India on Tuesday said it has initiated steps to closely monitor and control its Egyptian cotton business, which had come under a cloud...

BRIEF-Welspun India likely to see muted growth in FY18 due to Egyptian cotton issue

Reuters Us Markets - Tue, 11/15/2016 - 04:34
* Exec says in the process of forming independent advisory council of experts

Axel Springer's digital ads unit Bonial bets heavily on U.S. - CEO

Reuters Us Markets - Tue, 11/15/2016 - 04:31
BERLIN, Nov 15 (Reuters) - Axel Springer's digital ads unit Bonial wants to triple its active user base in the United States as it hopes to ride a digitalisation wave in the retail sector, its chief...

UPDATE 1-Dutch GDP grows 2.4 pct in Q3; unemployment falls most in a decade

Reuters Us Markets - Tue, 11/15/2016 - 04:06
AMSTERDAM, Nov 15 (Reuters) - The Dutch economy grew 2.4 percent year-on-year in the third quarter and unemployment fell sharply in welcome news for Prime Minister Mark Rutte's government, which...

Sterling hammered again as dollar rally halts

Reuters Us Markets - Tue, 11/15/2016 - 04:00
LONDON, Nov 15 (Reuters) - Sterling sank by more than 1 percent against the euro on Tuesday, handing back much of three solid days of gains as investors turned their eyes back to burgeoning political...

UPDATE 1-Euro zone bond sell-off abates, but Italian GDP data could prove key

Reuters Us Markets - Tue, 11/15/2016 - 04:00
LONDON, Nov 15 (Reuters) - Euro zone government bond yields fell 3-4 basis points (bps) across the board, ending a six-week sell-off, but Italian economic output numbers and other data from the...

TEXT-Britain's leaked Brexit memo

Reuters Us Markets - Tue, 11/15/2016 - 03:56
LONDON, Nov 15 (Reuters) - The following is a copy of a leaked memo on Brexit prepared for the Cabinet Office. It was printed by The Times newspaper.

Russian Economy Minister Ulyukayev detained in bribery case

Top Reuters News - Tue, 11/15/2016 - 03:33
MOSCOW (Reuters) - Russian investigators said on Tuesday they had detained Economy Minister Alexei Ulyukayev in a bribery case linked to a $5 billion acquisition by state oil giant Rosneft, a surprise move that may expose fault lines in Vladimir Putin's inner circle.

UPDATE 1-German economic growth halves in Q3 as Brexit hits exports

Reuters Us Markets - Tue, 11/15/2016 - 03:28
* Europe's biggest economy primes for Q4 rebound (Adds analysts, details, background)

Giuliani is a leading candidate to be Trump's secretary of state: source

Top Reuters News - Tue, 11/15/2016 - 03:22
WASHINGTON (Reuters) - Former New York City Mayor Rudy Giuliani has emerged as a leading candidate to be U.S. secretary of state for President-elect Donald Trump, a source familiar with the situation said on Monday.

UPDATE 1-India to use indelible ink to ensure people change cash only once

Reuters Us Markets - Tue, 11/15/2016 - 03:20
NEW DELHI, Nov 15 (Reuters) - Indian banks will use indelible ink to ensure that people only change old notes for new ones once under Prime Minister Narendra Modi's scheme to fight "black money",...

Battered yen faces new ball game, more losses after Trump win

Reuters Us Markets - Tue, 11/15/2016 - 03:18
* Possibility of multiple Fed rate hikes next year to weigh on yen

BRIEF-Fiat shares down after news of emissions test lawsuit

Reuters Us Markets - Tue, 11/15/2016 - 03:11
* Late on Monday the company said it will fight a class-action lawsuit accusing it of cheating on diesel emissions tests. Source text for Eikon: Further company coverage: (Reporting by Milan...

UK government has no overall plan for Brexit, leaked memo cited by BBC says

Top Reuters News - Tue, 11/15/2016 - 02:54
LONDON (Reuters) - Britain has no overall plan for Brexit and the strategy for leaving the European Union might not be agreed for six months due to divisions in Prime Minister Theresa May's government, according to a leaked memo seen by the BBC and The Times.

UPDATE 1-UK government has no overall plan for Brexit, leaked memo cited by BBC says

Reuters Us Markets - Tue, 11/15/2016 - 02:53
LONDON, Nov 15 (Reuters) - Britain has no overall plan for Brexit and the strategy for leaving the European Union might not be agreed for six months due to divisions in Prime Minister Theresa May's...

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