Exclusive: Investors shun Italian bank Monte Paschi’s share offer – sources
MILAN (Reuters) – Ailing Italian bank Monte dei Paschi di Siena has all but failed to pull off a privately funded rescue plan, unable to find investors to take up its share offer at the 11th hour, and a state bailout now looks inevitable, sources said…
Pimco names new vice president for commercial real estate team
(Reuters) – U.S. bond fund manager Pacific Management Investment Co (Pimco) named Jeffrey Thompson as executive vice president and portfolio manager of its commercial real estate team.
Goldman Sachs to pay $120 million over attempted ISDAFIX benchmark manipulation
WASHINGTON (Reuters) – Goldman Sachs Group Inc will pay a $120 million penalty to resolve civil charges that it attempted to manipulate a global benchmark for interest rate products known on Wall Street as “ISDAFIX,” U.S. derivatives regulators said W…
A volatile calm – the paradox of 2016 financial markets
LONDON (Reuters) – Traditional measures of volatility at historic lows and Wall Street stocks at new record highs went hand-in-hand in 2016 with traders fretting about bouts of wild stock-price swings and currency flash-crashes.
U.S. mortgage activity edges up even as rates head higher
NEW YORK (Reuters) – U.S. mortgage application activity rebounded from its lowest level since January despite interest rates on 30-year fixed-rate home loans hitting their highest levels in over 2-1/2 years, Mortgage Bankers Association data released o…
Oil prices lifted by expected fall in U.S. inventories
LONDON (Reuters) – Oil rose on Wednesday, driven by expectations for a decline in U.S. crude inventories and bringing price gains for December to 10 percent, which would be the strongest performance in the final month of the year in six years.
Dollar retreats from 14-year high, banks drag Europe shares lower
LONDON (Reuters) – The dollar eased from 14-year highs on Wednesday, giving back some of the gains chalked up since Donald Trump’s U.S. election victory, while concerns over banks pulled European shares lower.
Rolls-Royce denies UK media report over past Iran sales
LONDON (Reuters) – British engineering company Rolls-Royce denied a report in The Guardian newspaper on Wednesday that it had in the past sold equipment to Iran by exploiting a series of loopholes in U.S. sanctions.
Coke moves away from AB InBev with Africa bottling deal
BRUSSELS/LONDON (Reuters) – Coca-Cola Co has reached a deal to buy Anheuser-Busch InBev’s majority stake in their African bottling venture for $3.15 billion and hold onto it until it finds a new owner, the companies said on Wednesday.
Nintendo’s mobile Mario game sets download record but pricing proves sticking point
TOKYO (Reuters) – Nintendo Co Ltd’s first Mario smartphone title has set a download record but gamers baulked at the one-time cost of unlocking content, prompting investors to push the Japanese game makers’ stock to a one-month low.
