Finance http://www.globalpost.com/taxonomy/term/22982/BF_WIDGET_SRC en Britain's FTSE 100 stalls above 6,000 at 17-month highs http://www.globalpost.com/dispatch/news/thomson-reuters/130103/britains-ftse-100-stalls-above-6000-at-17-month-highs <p>* FTSE 100 up half a point, remains above 6,000</p> <p>* Momentum wanes as investors focus on U.S. outlook</p> <p>* Banks, commodities stall after previous session's gains</p> <p>* Compass drops after Espirito downgrade</p> <p>* Retailer Next rallies after lifting profit guidance</p> <p>By David Brett</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/britains-ftse-100-stalls-above-6000-at-17-month-highs" target="_blank">read more</a></p> Business Earnings quality Entertainment Finance Financial economics FTSE 100 FTSE 100 Index Fundamental analysis Person Career Quotation Thomson Reuters Thu, 03 Jan 2013 12:57:12 +0000 5730964 at http://www.globalpost.com Looser bank buffer rules no panacea for Europe woes http://www.globalpost.com/dispatch/news/thomson-reuters/130107/looser-bank-buffer-rules-no-panacea-europe-woes <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Basel agreement seen giving banks more capacity to lend</p> <p>* But weak economy weighs on credit demand</p> <p>* Uncertain outlook also means banks nervous about lending</p> <p>* Rules changes may have bigger impact in U.S. than Europe</p> <p>By Paul Carrel and Marc Jones</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/looser-bank-buffer-rules-no-panacea-europe-woes" target="_blank">read more</a></p> Asset-backed security Bank Business Central banks Economics Entertainment European Central Bank Finance Financial economics Fixed income securities Labor Late-2000s financial crisis Law Person Career Quotation Securitization Structured finance United States housing bubble Thomson Reuters Mon, 07 Jan 2013 17:21:45 +0000 Thomson Reuters 5731375 at http://www.globalpost.com UPDATE 1-Ten US banks to pay $8.5 bln to end foreclosure reviews http://www.globalpost.com/dispatch/news/thomson-reuters/130107/update-1-ten-us-banks-pay-85-bln-end-foreclosure-reviews <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p/> <p>By Aruna Viswanatha</p> <p>WASHINGTON, Jan 7 (Reuters) - A group of 10 mortgage<br /> servicers agreed on Monday to pay a total of $8.5 billion to end<br /> a government-mandated case-by-case review of foreclosures in an<br /> acknowledgement the reviews had proven too cumbersome and<br /> expensive.</p> <p>Bank of America Corp, Citigroup Inc, JPMorgan<br /> Case &amp; Co, Wells Fargo &amp; Co and six others will<br /> pay $3.3 billion directly to eligible borrowers, and will pay<br /> $5.2 billion in loan modifications and forgiveness, regulators<br /> said.</p> </p/><p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/update-1-ten-us-banks-pay-85-bln-end-foreclosure-reviews" target="_blank">read more</a></p> Bank of America CDATA Economy of the United States Finance Financial services Foreclosure MERS Mortgage Mortgage modification Mortgage servicer Personal finance Quotation United States housing bubble USD Thomson Reuters Tue, 08 Jan 2013 01:47:17 +0000 Thomson Reuters 5731427 at http://www.globalpost.com European shares dip, banks extend sharp rally http://www.globalpost.com/dispatch/news/thomson-reuters/130108/european-shares-dip-banks-extend-sharp-rally <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSEurofirst 300 down 0.1 pct, Euro STOXX 50 down 0.2 pct</p> <p>* Euro STOXX 50 halted at major resistance level from 2011</p> <p>* Banking stocks extend rally on softened Basel rules</p> <p>* Germany's DAX dragged by data showing slide in exports</p> <p>* Credit Suisse's tactical indicators signal overheating</p> <p>By Blaise Robinson</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/european-shares-dip-banks-extend-sharp-rally" target="_blank">read more</a></p> Finance Financial economics Investment Thomson Reuters Tue, 08 Jan 2013 18:30:19 +0000 Thomson Reuters 5731748 at http://www.globalpost.com UPDATE 1-UK urges tougher ring-fence rules for EU banks http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-1-uk-urges-tougher-ring-fence-rules-eu-banks <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* UK's Osborne urges EU to adopt Liikanen ring-fence proposals</p> <p>* UK already planning to separate retail and investment banking</p> <p>* Germany and France sceptical about ring-fence proposals</p> <p>By David Milliken</p> <p>LONDON, Jan 8 (Reuters) - British finance minister George Osborne urged European Union policymakers in Berlin on Tuesday to follow his example and toughen bank regulation across the 27-member bloc.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-1-uk-urges-tougher-ring-fence-rules-eu-banks" target="_blank">read more</a></p> Finance Financial services Investment Thomson Reuters Tue, 08 Jan 2013 19:00:35 +0000 Thomson Reuters 5731771 at http://www.globalpost.com China shares close flat, reported IPO overhaul cheered http://www.globalpost.com/dispatch/news/thomson-reuters/130109/china-shares-close-flat-reported-ipo-overhaul-cheered <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>HONG KONG, Jan 9 (Reuters) - China shares closed flat on Wednesday, paring losses after Reuters reported that the mainland IPO market could be frozen until the end of March, a move that would reduce competition in the A-share market.</p> <p>The CSI300 of top Shanghai and Shenzhen listings ended flat at 2,526.1. The Shanghai Composite Index was also flat. Both were heading for a lower close until Reuters reported the IPO development about 20 minutes before market close.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/china-shares-close-flat-reported-ipo-overhaul-cheered" target="_blank">read more</a></p> Finance Financial data vendors Financial economics Technology Thomson Reuters Wed, 09 Jan 2013 07:30:26 +0000 Thomson Reuters 5731984 at http://www.globalpost.com US STOCKS-Wall St up after Alcoa earnings news http://www.globalpost.com/dispatch/news/thomson-reuters/130109/us-stocks-wall-st-after-alcoa-earnings-news <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Alcoa shares rise after positive outlook for the year</p> <p>* Fourth-quarter earnings, revenues seen up 1.9 pct</p> <p>* Herbalife up 4 pct on news hedge fund manager Loeb took stake</p> <p>* Indexes up: Dow 0.5 pct, S&amp;P 0.3 pct, Nasdaq 0.5 pct</p> <p>By Gabriel Debenedetti</p> <p>NEW YORK, Jan 9 (Reuters) - U.S. stocks rose on Wednesday as Alcoa's better-than-expected revenue and a positive outlook boosted investor confidence ahead of an earnings season expected to show lackluster results.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/us-stocks-wall-st-after-alcoa-earnings-news" target="_blank">read more</a></p> Business Economics Finance Hospitality Thomson Reuters Wed, 09 Jan 2013 20:15:21 +0000 Thomson Reuters 5732319 at http://www.globalpost.com US STOCKS-Wall Street rises after Alcoa reports earnings http://www.globalpost.com/dispatch/news/thomson-reuters/130109/us-stocks-wall-street-rises-after-alcoa-reports-earnings-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Alcoa shares down after positive outlook for the year</p> <p>* Fourth-quarter earnings, revenues seen up 1.9 pct</p> <p>* Herbalife up 4.2 pct on news hedge fund manager Loeb took stake</p> <p>* Indexes finish up: Dow 0.5 pct, S&amp;P 0.3 pct, Nasdaq 0.5 pct</p> <p>By Gabriel Debenedetti</p> <p>NEW YORK, Jan 9 (Reuters) - U.S. stocks rose on Wednesday, rebounding from two days of losses, as investors turned their focus to the first prominent results of the earnings season.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/us-stocks-wall-street-rises-after-alcoa-reports-earnings-0" target="_blank">read more</a></p> Finance Financial economics Hospitality Investment Thomson Reuters Wed, 09 Jan 2013 22:15:28 +0000 Thomson Reuters 5732373 at http://www.globalpost.com SPECAL REPORT SCHEDULE Jan 9 http://www.globalpost.com/dispatch/news/thomson-reuters/130109/specal-report-schedule-jan-9 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(WEEKLY SCHEDULE) UPCOMING SPECIAL REPORTS</p> <p>Editors:</p> <p>AMERICAS: Michael Williams + 1 646 223 5462</p> <p>EMEA: Simon Robinson + 44 20 75425458</p> <p>ASIA: Bill Tarrant + 65 6870 3821</p> <p>Picture Desk: Singapore + 65 6870 3775</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/specal-report-schedule-jan-9" target="_blank">read more</a></p> Business Entertainment Finance Financial data vendors Hospitality Human Interest Labor Law Politics Social Issues Technology Thomson Reuters Wed, 09 Jan 2013 22:45:30 +0000 Thomson Reuters 5732389 at http://www.globalpost.com US STOCKS-Wall St set to rise as China data spurs growth hopes http://www.globalpost.com/dispatch/news/thomson-reuters/130110/us-stocks-wall-st-set-rise-china-data-spurs-growth-hopes <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Wholesale inventories data on tap</p> <p>* Tiffany shares slide after earnings estimates</p> <p>* Nokia ADRs rally after results</p> <p>* Futures up: Dow 45 pts, S&amp;P 7.7 pts, Nasdaq 18 pts</p> <p>By Rodrigo Campos</p> <p>NEW YORK, Jan 10 (Reuters) - U.S. stocks were set to rise at the open on Thursday as stronger-than-expected exports in China, the world's second-biggest economy, raised hopes for a more robust recovery in the global economy this year.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/us-stocks-wall-st-set-rise-china-data-spurs-growth-hopes" target="_blank">read more</a></p> Entertainment Finance Financial economics Stock market Thomson Reuters Thu, 10 Jan 2013 14:46:37 +0000 Thomson Reuters 5732620 at http://www.globalpost.com UPDATE 3-Ex UBS boss blames "mercenaries" for Libor debacle http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-3-ex-ubs-boss-blames-mercenaries-libor-debacle <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Ex UBS chiefs quizzed by UK lawmakers probing banks</p> <p>* One says bosses negligent for not finding Libor rigging</p> <p>* Ex CEO Rohner denies his leadership was negligent</p> <p>By Steve Slater and Katharina Bart</p> <p>LONDON/ZURICH, Jan 10 (Reuters) - The former chief executive of UBS blamed "mercenaries" for its role in the global interest-rate rigging scandal that has further undermined the Swiss bank's once venerable reputation.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-3-ex-ubs-boss-blames-mercenaries-libor-debacle" target="_blank">read more</a></p> Business Finance Financial economics Investment Thomson Reuters Thu, 10 Jan 2013 15:15:14 +0000 Thomson Reuters 5732660 at http://www.globalpost.com UK struggles to supervise foreign bank branches-former watchdog http://www.globalpost.com/dispatch/news/thomson-reuters/130110/uk-struggles-supervise-foreign-bank-branches-former-watchdog <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Huw Jones</p> <p>LONDON, Jan 10 (Reuters) - Britain cannot supervise foreign bank branches properly, making it harder to spot wrongdoing like Libor rigging, the former head of the Financial Services Authority said on Thursday.</p> <p>Branches, unlike subsidiaries, are mainly supervised by the bank's home regulator rather than the FSA, which must take a back seat on matters like capital requirements.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/uk-struggles-supervise-foreign-bank-branches-former-watchdog" target="_blank">read more</a></p> Finance Financial services Investment Thomson Reuters Thu, 10 Jan 2013 17:30:30 +0000 Thomson Reuters 5732742 at http://www.globalpost.com ANALYSIS-Obama's Treasury choice untested outside budget expertise http://www.globalpost.com/dispatch/news/thomson-reuters/130110/analysis-obamas-treasury-choice-untested-outside-budget-experti <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Lew has limited financial experience, but is quick study</p> <p>* Some worry he won't be a tough regulator</p> <p>* Nominee a relative unknown outside Washington circles</p> <p>* Also largely unknown to international finance officials</p> <p>By Rachelle Younglai and Sarah N. Lynch</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/analysis-obamas-treasury-choice-untested-outside-budget-experti" target="_blank">read more</a></p> Business Council on Foreign Relations Entertainment Environment Finance Government Health Jack Lew Politics Thomson Reuters Fri, 11 Jan 2013 01:15:33 +0000 Thomson Reuters 5732937 at http://www.globalpost.com ANALYSIS-ArcelorMittal turns deaf ear to new debt cut chorus http://www.globalpost.com/dispatch/news/thomson-reuters/130111/analysis-arcelormittal-turns-deaf-ear-new-debt-cut-chorus <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Junk ratings with Fitch, Moody's, S&amp;P</p> <p>* Moody's set $5 bln debt reduction target in Aug</p> <p>* Moody's demands more debt cut to avoid further cut</p> <p>* Fitch sees limited upgrade scope for two years</p> <p>By Philip Blenkinsop</p> <p>BRUSSELS, Jan 11 (Reuters) - Having danced to the credit rating agencies' tune to no avail, ArcelorMittal, the world's largest steelmaker, looks likely to ignore the chorus for more debt cuts, reconciled to its "junk" status for now.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130111/analysis-arcelormittal-turns-deaf-ear-new-debt-cut-chorus" target="_blank">read more</a></p> ArcelorMittal Business Economics Finance Financial economics Thomson Reuters Fri, 11 Jan 2013 16:15:30 +0000 Thomson Reuters 5733216 at http://www.globalpost.com INVESTMENT FOCUS-The lure of emerging equity - step by step http://www.globalpost.com/dispatch/news/thomson-reuters/130111/investment-focus-the-lure-emerging-equity-step-step <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Mike Dolan</p> <p>LONDON, Jan 11 (Reuters) - Global investors seem happy to slip back into riskier waters of emerging market equities once again but it's a step-by-step process and ways of staying in the shallows are still being sought by many.</p> <p>As reflationary policies of the world's central banks have sunk real yields on traditional safe-haven bonds into negative territory, income-seeking investors have over the past year or more pushed out to higher-yielding debt and "quality" western blue chip stocks with hefty dividends.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130111/investment-focus-the-lure-emerging-equity-step-step" target="_blank">read more</a></p> Finance Financial economics Investment Technology Thomson Reuters Fri, 11 Jan 2013 16:15:57 +0000 Thomson Reuters 5733222 at http://www.globalpost.com