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Market News

Location American Market News for 19 September 2015
(Reuters) -- Washington's inaction on the debt ceiling crisis, government shutdowns and immigration have slowed America's economic growth, JPMorgan Chase & Co Chief Executive Jamie Dimon told NBC News' "Meet the Press" i...
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ECB Official Sees Risks for Global Economy

Wall Street Journal - 20 Sep 2015 01:35
The European Central Bank shares the Federal Reserve's worries about the health of the world economy, ECB chief economist Peter Praet said in an interview with a Swiss publication published Saturday. - WSJ PRO
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Philip Morris International Inc. plans to sell shares in its Indonesian unit, which could allow it to raise as much as $1.4 billion. In the latest such move by a foreign company in Southeast Asia's struggling equity mark...
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Fed's Williams Sees 2015 Interest Rate Rise as 'Appropriate'

Wall Street Journal - 20 Sep 2015 00:56
John Williams, president of the Federal Reserve Bank of San Francisco, said in a speech Saturday he believes it is still appropriate to raise short-term interest rates before year-end, reiterating a timeline that remains...
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Hedge fund puts its stamp on Royal Mail shares

Telegraph - 19 Sep 2015 22:57
Hedge fund puts its stamp on Royal Mail shares Emerging Sovereign Group has set up a bet to benefit if the postal firm's share price falls
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China should listen to Osborne's advice on turning around an economy When George Osborne visits China this week he may suggest it embraces the market economy fully, rather than picking the parts that suit it'
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Alonso: The makings of a champion

CNN - 19 Sep 2015 20:35
Alonso: The makings of a champion Amanda Davies visits the museum and go-karting school of McLaren-Honda's two-time world champion driver, Fernando Alonso.
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Ferrari ends Mercedes' record bid

CNN - 19 Sep 2015 20:33
Ferrari ends Mercedes' record bid After a week in which it emerged that Ferrari will likely supply rival team Red Bull with its engines next season, it was perhaps appropriate that Sebastian Vettel and Daniel Ricciardo would find themselves at the front ...
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In a world of low rates, look out for innovative companies The fact is that six and a half years into a tepid global recovery, with an almost total absence of inflation, interest rates are going to stay lower for longer.
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Flash Crash trader's latest fight against extradition Navinder Sarao is accused by US authorities of helping cause a market meltdown in 2010
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The Week Ahead: Make Your Fall Portfolio Plans Now The Fed's decision to stand pat on rates disappointed investors as those who have been finding fault with their strategy for many years had something more to complain about while others were understandably concerned over...
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Dividend Payers Get A Break From Fed Decision

IBTimes - 19 Sep 2015 16:35
The Federal Reserve's decision not to hike interest rates may have brought renewed volatility and a stock market selloff, but it also carved out breathing room for a couple of sectors: dividend payers and housing stocks....
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Gold at over 1-week high on global cues, seasonal demand Gold of 99.9 and 99.5% purity rose by Rs75 each to trade at over one-week high of Rs26,675 and Rs26,525 per ten grams, respectively
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Japan's Mitsubishi Motors Corp has started preparing for the closure of its sole U.S. factory after failing to find a buyer for the high-cost auto plant, the Nikkei business daily reported on Saturday. The company will n...
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Volkswagen AG faces penalties up to $18 billion after being accused of designing software for diesel cars that deceives regulators measuring toxic emissions, the U.S. Environmental Protection Agency said on Friday. "Put ...
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Bank of America, Funds Lobby Hard to Sway Vote on Moynihan

Wall Street Journal - 19 Sep 2015 02:58
The bank and California pension funds are at odds over whether to split the roles of Chairman and CEO Brian Moynihan. The vote is shaping up as a referendum on the bank's relationship with shareholders.
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How Rules on Financial Advisers Are Set to Get Tougher

Wall Street Journal - 19 Sep 2015 02:35
Advisers who are pitching a firm's own products or alternative investments or are wooing clients to join them at a new firm face increasing scrutiny.
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Netflix's Narcos Kingpin Pablo Escobar: A Look Back At His 7 Years On FORBES' Billionaires List Colombian cartel leader Pablo Escobar made Forbes' billionaires list from 1987 until his death in 1993. What did the American journalist who eerily predicted his death in the magazine have to say 22 years later?
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