Archive for November, 2016

Azerbaijan criminalizes defamation of the president online

November 30th, 2016

Azerbaijan criminalizes defamation of the president online

Azerbaijan's President Ilham Aliyev waves during a meeting with Pope Francis at the Presidential Palace in GanjlikAzerbaijan’s parliament on Wednesday made online defamation of the president a criminal offence punishable by imprisonment. With almost all traditional media strictly controlled by the government, social media networks have become outlets for people to voice criticism in a country where the economy has suffered from the global slump in oil prices and a depreciating currency. Azerbaijan criminalized defamation over the internet three years ago, meaning many people now use aliases and covert accounts, but the existing law made no separate mention of the president.

Source
Economy News Headlines – Yahoo! News

S&P 500 edges lower; tech, utility losses offset energy rally

November 30th, 2016

S&P 500 edges lower; tech, utility losses offset energy rally

Traders work on the floor of the NYSEThe S&P 500 and Nasdaq fell in afternoon trading on Wednesday as losses in technology shares and big dividend payers, including utilities, offset sharp gains in the energy sector. News that OPEC agreed to cut production drove U.S. oil prices up 9.3 percent, causing the S&P 500 energy index to rally 5.1 percent and bond yields to jump. The S&P utility index was down 2.7 percent, while shares of AT&T fell 1.7 percent.

Source
Stock Markets News Headlines – Yahoo! News

FOREX-Dollar surges to 9-month high against yen on OPEC deal

November 30th, 2016

FOREX-Dollar surges to 9-month high against yen on OPEC deal
* Oil producers agree to curb oil output for first time
since 2008

Source
Reuters: US Dollar Report

Nomura sees risk of Mexican bond sell-off by funds

November 30th, 2016

Nomura sees risk of Mexican bond sell-off by funds
MEXICO CITY, Nov 30 (Reuters) – Nomura analysts said on
Wednesday that a sell-off of Mexican peso-denominated bonds
could gain pace and that potential U.S anti-trade policies could
drive yields back…

Source
Reuters: US Dollar Report

Argentina's Decolar.com, banks in Nasdaq IPO talks, sources say

November 30th, 2016

Argentina's Decolar.com, banks in Nasdaq IPO talks, sources say
By Tatiana Bautzer, Guillermo Parra-Bernal and Liana B. Baker SAO PAULO/SAN FRANCISCO (Reuters) – Online travel agency Decolar.com Inc, one of Latin America’s few so-called unicorns, has held preliminary talks with investment banks for a U.S. listing on Nasdaq in the second half of 2017, three people with knowledge of the plan said. New York-based investment firm Tiger Global Management LLC, which owns 60 percent of Decolar.com, is spearheading the plan on the understanding that the 17-year-old Argentine company is sufficiently established and well-recognized to go public, said the sources, who requested anonymity since the plan is private. The second source said Citigroup Inc , Morgan Stanley & Co , JPMorgan Chase & Co and an unnamed Brazilian peer are candidates for underwriting roles.
Source
Stock Markets News Headlines – Yahoo! News

Oil, bank stocks send S&P, Dow to record highs

November 30th, 2016

Oil, bank stocks send S&P, Dow to record highs

A specialist trader works at his post on the floor of the NYSEEnergy-related stocks were the top 20 percentage gainers on the S&P 500 index. “I suspect this move in oil is probably temporary and may not last very long, but it is giving a boost to the market,” said Randy Frederick, vice president of trading and derivatives at Charles Schwab. November is set to be Wall Street’s best month since March, with the markets rallying on Donald Trump’s victory in the U.S. presidential election.

Source
Stock Markets News Headlines – Yahoo! News

Takeda's talks to acquire Valeant's Salix stall: sources

November 30th, 2016

Takeda's talks to acquire Valeant's Salix stall: sources

Logos of Japanese Takeda Pharmaceutical Co are seen at an office building in Glattbrugg(Reuters) – Takeda Pharmaceutical Co Ltd’s negotiations to acquire Valeant Pharmaceuticals International Inc’s Salix stomach-drug business have stalled over price disagreements, people familiar with the matter said on Wednesday. Shares of Valeant were down more than 8 percent at $15.71 on Wednesday after the Wall Street Journal reported that the talks had broken down. A deal for Salix would help Valeant trim the large debt pile it accumulated through aggressive acquisitions.

Source
Stock Markets News Headlines – Yahoo! News

Gold fund withdrawals spike as post-U.S. election trades wane-ICI

November 30th, 2016

Gold fund withdrawals spike as post-U.S. election trades wane-ICI
By Trevor Hunnicutt
NEW YORK, Nov 30 (Reuters) – The post-election enthusiasm
for U.S. stock funds is waning, while a strong dollar helped
push commodity funds to their largest withdrawals in…

Source
Reuters: US Dollar Report

Brazilian states must do more to avoid fiscal crisis -economist

November 30th, 2016

Brazilian states must do more to avoid fiscal crisis -economist
SAO PAULO, Nov 30 (Reuters) – Efforts by Brazilian states to
renegotiate debt with the federal government and sell off stakes
in public companies may prove too little, too late to prevent
their…

Source
Reuters: US Dollar Report

Argentine peso closes at record low, pressured by cenbank easing

November 30th, 2016

Argentine peso closes at record low, pressured by cenbank easing
BUENOS AIRES, Nov 30 (Reuters) – Argentina’s peso
closed down 1.2 percent on Wednesday at 15.89 per dollar, its
lowest close on record, pressured by the central bank’s interest
rate easing, a…

Source
Reuters: US Dollar Report