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| March 23, 2019

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Yahoo News Archives - Page 3 of 852 -

Small banks rally pauses but may not be over yet

December 4, 2016 |

Traders work on the floor of the NYSE in New York CityThe rally in regional U.S. bank stocks that followed last month's election of Donald Trump may not be over, but investors may have to wait for policy to take shape for the massive move to extend further. The S&P 600 index of small-cap banks has surged more than 20 percent since Trump's surprise Nov. 8 victory, while their large-cap peers on the S&P 500 index have jumped over 17 percent. Smaller lenders could potentially add as much as 40 percent to their fourth-quarter 2017 earnings if Trump's promises of tax cuts and regulatory changes materialize, according to Sandler O' Neill analyst Brad Milsaps.



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Fed official stands by Wall Street reforms, says must complete work

December 3, 2016 |

New York Fed President William Dudley takes part in a panel convened to speak about the health of the U.S. economy in New YorkThe United States "absolutely must" complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday. Dudley's comments, to a Group of 30 meeting of top world regulators, came a day after another powerful regulator at the U.S. central bank, Daniel Tarullo, also warned against "backsliding" after years of implementing the landmark 2010 Dodd-Frank financial-reform law. Challenges especially remain in regulators safely and smoothly handling the hypothetical failure of a massive bank with operations in multiple jurisdictions, Dudley said.



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EU optimistic on Greek debt deal

December 3, 2016 |

Greece's debt will grow to 315 billion euros ($  334 billion) or around 180 percent of output this year, according to the Greek finance ministryEU Economy Commissioner Pierre Moscovici said Tuesday he is optimistic about concluding an overall deal on Greece's latest bailout programme by the end of the year including discussions on debt relief. Moscovici spoke just days before a key meeting of eurozone finance ministers on December 5 to discuss Greece's massive 86-billion-euro bailout, its third since 2010. "This is doable, feasible," Moscovici told journalists at the end of a two-day visit to Athens.



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Halt settlement vote until Trump takes office: Lieberman

December 3, 2016 |

Israeli Defence Minister Avigdor Lieberman says a parliamentary vote to legalise Jewish settler homes in the West Bank should be put on hold until Donald Trump becomes US presidentIsraeli Defence Minister Avigdor Lieberman says a parliamentary vote to legalise Jewish settler homes in the West Bank should be put on hold until Donald Trump becomes US president. Speaking at a conference in Washington on Friday night, video of which was released by his office, Lieberman was quizzed about the vote which could go to its first reading next week. US President Barack Obama officially hands over office to Trump on that date.



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S&P holds South Africa’s rating at BBB-, downgrades local debt

December 3, 2016 |

A view shows the Standard & Poor's building in New York's financial districtBy Mfuneko Toyana and James Macharia JOHANNESBURG (Reuters) – Standard & Poor's downgraded South Africa's local debt by one notch to BBB on Friday but kept its sovereign credit rating unchanged at BBB-, one level above "junk" status, while saying the economy was still struggling. S&P retained its negative outlook on the rating. A cut would take South Africa below investment grade, pushing its bonds out of global indices and preventing institutional investors from buying its debt.



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No. 13 WMU holds on, beats Ohio 29-23 in MAC title game

December 3, 2016 |

Western Michigan running back Jamauri Bogan (32) rushes during the first half of the Mid-American Conference championship NCAA college football game against Ohio, Friday, Dec. 2, 2016, in Detroit. (AP Photo/Carlos Osorio)DETROIT (AP) — Robert Spillane intercepted a pass with 51 seconds remaining, and No. 13 Western Michigan remained undefeated, holding off Ohio 29-23 on Friday night to win its first Mid-American Conference title since 1988.



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Dean steps out of DNC race; Ellison says he may leave seat

December 3, 2016 |

U.S. Rep. Keith Ellison, center, D-Minn., listens with Jamie Harrison, back, chair of the South Carolina Democratic Party, as Ray Buckley, chair of the party in New Hampshire, speaks during a forum on the future of the Democratic Party, featuring candidates running to be the next chair of the Democratic National committee on Friday, Dec. 2, 2016, in Denver. The candidates spoke during the Association of State Democratic Chairs session. (AP Photo/David Zalubowski)DENVER (AP) — Howard Dean took himself out of the race to become chairman of the Democratic National Committee on Friday, while the frontrunner in the contest, Rep. Keith Ellison, said he may leave his Minnesota congressional seat to serve in the position.



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Venezuela fury at Mercosur suspension

December 2, 2016 |

Venezuelan Foreign Minister Delcy Rodriguez addresses a press conference in Caracas on September 20, 2016Venezuela angrily rejected as a "coup" its suspension from South American economic bloc Mercosur on Friday, the harshest international punishment yet for President Nicolas Maduro's crisis-racked government. In a joint statement, the foreign ministers of Argentina, Brazil, Paraguay and Uruguay announced Venezuela was suspended from the group after accusations that the leftist government in Caracas failed to meet democratic and trade standards. "This is a coup d'etat to Mercosur and constitutes a very grave attack on Venezuela," Foreign Minister Delcy Rodriguez told a press conference.



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Lufthansa hits out after new Frankfurt airport fees approved

December 2, 2016 |

The tail of a parked plane is pictured during a pilots strike of German airline Lufthansa at Frankfurt airportThe German state of Hesse has approved an amended fee proposal for Frankfurt airport for 2017, allowing operator Fraport to increase fees but angering the airport's main customer Lufthansa . Irish budget carrier Ryanair announced last month plans to start flying from Frankfurt airport next year, prompting calls from Lufthansa for airport operator Fraport to lower fees for all carriers. The Hesse economy and transport ministry said in a statement on Friday that one aspect of the new structure awards incentives to airlines that increase their passenger numbers from the airport, such as by opening up a new route or increasing capacity.



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Global stocks, dollar ease before payrolls report, Italian vote

December 2, 2016 |

People walk through the lobby of the London Stock Exchange in LondonGlobal stocks, oil and the dollar eased on Friday with investors took a cautious stance before Italy's referendum on constitutional reform and U.S. payrolls data later in the day, which may cement the case for a Federal Reserve rate increase. Strong economic data from the U.S., including upbeat manufacturing activity and construction spending, have bolstered the view that the Fed will tighten monetary policy faster than expected to keep inflationary pressures in check. U.S. employers probably hired more people in November amid growing confidence in the economy, making it almost certain that the Federal Reserve will raise interest rates later this month.



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