Archive for July, 2016

Monte dei Paschi's last-ditch rescue plan faces high hurdles

July 31st, 2016

Monte dei Paschi's last-ditch rescue plan faces high hurdles

Man walks on a logo of the Monte Dei Paschi Di Siena bank in RomeWith the ink barely dry on its bailout plan, Italian bank Monte dei Paschi di Siena faces a Herculean task convincing investors to back a third recapitalization in as many years and avert a banking crisis that would send shockwaves across Europe. The plan aims to clean up and bolster the bank’s balance sheet once and for all, restoring to health a lender whose frailty threatens the wider Italian banking system, the savings of thousands of retail investors and the increasingly weak political standing of Prime Minister Matteo Renzi. A financial crisis in the euro zone’s third-biggest economy would also risk creating contagion across Europe, a region already reeling from Britain’s decision to leave the EU.

Source
Economy News Headlines – Yahoo! News

Donald Trump aide: Campaign will seek to move debate days

July 31st, 2016

Donald Trump aide: Campaign will seek to move debate days
Donald Trump’s campaign will begin a push this week to reschedule the presidential debates set for this fall.
Source
Latest financial news – CNNMoney.com

Trump v. Clinton: Stocks can predict the winner

July 31st, 2016

Trump v. Clinton: Stocks can predict the winner
Forget the polls. Wall Street has another way to predict whether Donald Trump or Hillary Clinton will be the next president of the United States.
Source
Latest financial news – CNNMoney.com

Robesonian | County considers incentives for new business – The Robesonian

July 31st, 2016

Robesonian | County considers incentives for new business – The Robesonian

Robesonian | County considers incentives for new business
The Robesonian
LUMBERTON — The Robeson County Board of Commissioners will meet on Monday for the second time in less than a week. The board’s first of two regularly …

and more »

Source
“new business” – Google News

Telecom Egypt board tentatively agrees to buy 4G licence

July 31st, 2016

Telecom Egypt board tentatively agrees to buy 4G licence
(Adds quotes from TE official, background on stock market) CAIRO, July 31 (Reuters) – Telecom Egypt (TE), the state-owned landline monopoly, said on Sunday its board had tentatively approved plans to buy a fourth-generation mobile licence and a company official said it would offer the services within a year of obtaining frequencies. Egypt is selling four 4G licences as part of a long-awaited plan to reform the telecoms sector. The reforms will potentially allow Telecom Egypt, which owns a 45 percent stake in Vodafone Egypt, to enter the mobile phone market directly.
Source
Stock Markets News Headlines – Yahoo! News

UAE telco du needs renewed prepaid momentum to end earnings slump – CEO

July 31st, 2016

UAE telco du needs renewed prepaid momentum to end earnings slump – CEO
* Need to regain lost ground in prepaid market – CEO * Q2 profit 445.4 mln dhs, down 11.3 pct y-o-y * Seventh successive quarter of falling profit * Revenue flat despite higher data usage, revenue (Recasts, adds detail, context) By David French DUBAI, July 31 (Reuters) – Du needs to regain momentum in the prepaid mobile market if it is to counteract higher government taxes and halt an earnings slump, the chief executive of the United Arab Emirates’ No.2 telecom operator said on Sunday. Osman Sultan’s remarks came after the company reported an 11.3 percent fall in its second-quarter net profit to 445.4 million dirhams ($121.3 million), its seventh successive quarter of declining earnings.
Source
Stock Markets News Headlines – Yahoo! News

Israeli cabinet approves bank reform despite stability concerns

July 31st, 2016

Israeli cabinet approves bank reform despite stability concerns

Israeli Prime Minister Benjamin Netanyahu (R) speaks to an assistant as he opens the weekly cabinet meeting at his Jerusalem officeBy Steven Scheer JERUSALEM (Reuters) – Israel’s cabinet on Sunday approved legislation aimed at loosening the grip of the country’s three largest banks on the credit supply market, despite opposition by the IMF and a risk that the reform could flood the economy with excess credit. The draft law, which must be ratified by parliament, “paves the way for the entry of new players in the financial and banking sector to increase competition,” the Finance Ministry said. The unanimous cabinet approval was a victory for Finance Minister Moshe Kahlon, a political centrist elected last year with a promise of taking on the highly concentrated banking sector.

Source
Economy News Headlines – Yahoo! News

Oyster Farming Takes Off With Farm-To-Table Movement

July 31st, 2016

Oyster Farming Takes Off With Farm-To-Table Movement

Oyster farming on the East Coast has doubled in the past six years and shows no sign of slowing. Not only is this good for consumers and fishermen. Apparently it’s good for our waterways.

Source
Economy : NPR

Tunisia premier faces no-confidence vote over new govt

July 31st, 2016

Tunisia premier faces no-confidence vote over new govt

Tunisian Prime Minister Habib Essid delivers a speech during a joint news conference with Prime Minister of Libya's unity government Fayez SerajTunisia’s Prime Minister Habib Essid faces a vote of no confidence in parliament on Saturday after resisting the president’s proposal to help form a new unity government to push through economic reforms. Essid, a technocrat who came to office less than two years ago, has been under fire for slow progress on a financial reforms package to create growth and jobs, initiatives demanded by Tunisia’s multilateral lenders. President Beji Caid Essebsi has called for a new unity government to overcome political divisions in the ruling coalition of four parties and respond more quickly to economic and security challenges.

Source
Economy News Headlines – Yahoo! News

Chinese consortium agrees to $4.4 billion deal for Caesars online games

July 31st, 2016

Chinese consortium agrees to $4.4 billion deal for Caesars online games

Jack Ma, founder and Executive Chairman of Alibaba Group speaks during the inaugural "Xin" Philanthropy Conference in HangzhouA Chinese consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc’s online games unit for $4.4 billion in cash, the companies said. Caesars Interactive Entertainment is currently owned by Caesars Acquisition Co (CAC) and Caesars Entertainment Corp .

Source
Business News Headlines – Yahoo! News