Archive for July, 2014

Rising rates not always emerging markets poison

July 31st, 2014

Rising rates not always emerging markets poison
(Reuters) – (James Saft is a Reuters columnist. The opinions expressed are his own)


Source
Reuters: Money

CANADA FX DEBT-C$ stabilizes, but posts worst month since January

July 31st, 2014

CANADA FX DEBT-C$ stabilizes, but posts worst month since January
* Canadian dollar at C$1.0904 or 91.71 U.S. cents * Bond prices mostly higher across the maturity curve (Recasts throughout; adds quotes, details, updates prices) By Leah Schnurr TORONTO, July 31…


Source
Reuters: US Dollar Report

GLOBAL MARKETS-Shares down as Wall St tumbles; Dollar adds to monthly gain

July 31st, 2014

GLOBAL MARKETS-Shares down as Wall St tumbles; Dollar adds to monthly gain
* Wall St tumbles; S&P closes below its 50-day moving average for first time since April


Source
Reuters: US Dollar Report

Argentine economy minister Kicillof says country not in default

July 31st, 2014

Argentine economy minister Kicillof says country not in default
Argentine economy minister Axel Kicillof said on Thursday that the country was not in default and threatened court action if any bondholders demanded their money back. Latin America’s No.3 economy failed to clinch a deal in last-minute talks with holdout creditors, leaving it unable to comply with debt payments that fell due on July 30. The government would not oppose an agreement between private parties, Kicillof said.
Source
Economy News Headlines – Yahoo! News

ConocoPhillips profit slightly higher; output rises

July 31st, 2014

ConocoPhillips profit slightly higher; output rises

Ryan Lance, Chairman and CEO of ConocoPhillips speaks at CERAWEEK in HoustonConocoPhillips , the largest U.S. independent oil and gas company, on Thursday reported a quarterly profit that just beat Wall Street expectations, helped by a bigger-than-expected increase in oil and gas production. ConocoPhillips, like many other oil and gas companies, is drilling more in U.S. shale fields where wells bring better profits and steady production growth is easier to achieve. For example Conoco's production in the Eagle Ford Shale in South Texas and the Bakken Shale in North Dakota rose 38 percent in the second quarter. Excluding one-time items, Conoco's profit was $1.61 per share.

Source
Stock Markets News Headlines – Yahoo! News

RPT-UPDATE 2-U.S. judge orders Microsoft to submit customer's emails from abroad

July 31st, 2014

RPT-UPDATE 2-U.S. judge orders Microsoft to submit customer's emails from abroad
(Repeats to widen distribution)
(Adds statement from Microsoft, comments by analyst, details of
case, background on industry; in paragraphs 7, 10-11 and 14-26)
Source
Reuters: Media

BlackBerry opens up BBM to Windows phone users

July 31st, 2014

BlackBerry opens up BBM to Windows phone users
TORONTO, July 31 (Reuters) – BlackBerry Ltd said on
Thursday its popular messaging system BBM, or BlackBerry
Messenger, would now be open to those using the Windows phone
platform, a move that potentially makes the messaging service
more appealing to its enterprise clients.
Source
Reuters: Media

Shares down as Wall Street tumbles; Dollar adds to monthly gain

July 31st, 2014

Shares down as Wall Street tumbles; Dollar adds to monthly gain

Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchangeBy Angela Moon NEW YORK (Reuters) – Global equity markets tumbled on Thursday, hurt by ongoing tensions with Russia and Argentina's second default in 12 years, while the U.S. dollar edged higher against a basket of major currencies for its strongest monthly gain in over a year. Investors had hoped for a midnight deal with holdout creditors, but the plan fell through.

Source
Stock Markets News Headlines – Yahoo! News

Sony and Yum Brands are big market movers

July 31st, 2014

Sony and Yum Brands are big market movers
Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE 3D Systems Corp., down $5.94 to $50.13 The three-dimensional printing company …
Source
Stock Markets News Headlines – Yahoo! News

Wall Street tumbles on Fed rate angst

July 31st, 2014

Wall Street tumbles on Fed rate angst

Scaffolding is seen outside the NASDAQ MarketSite in Times Square in New YorkNEW YORK (Reuters) – U.S. stocks tumbled on Thursday, with the S&P 500 posting its worst daily decline since April and first monthly drop since January as economic data sparked concern that the Federal Reserve could raise interest rates sooner than some expect. The Dow Jones industrial average fell 317.06 points, or 1.88 percent, to 16,563.3, the S&P 500 lost 39.4 points, or 2 percent, to 1,930.67, and the Nasdaq Composite dropped 93.13 points, or 2.09 percent, to 4,369.77. For the month of July, the Dow fell 1.6 percent, the S&P dropped 1.5 percent and the Nasdaq lost 0.9 percent. …

Source
Stock Markets News Headlines – Yahoo! News