BOJ’s Kuroda says won’t rule out deepening negative rate cut-Sankei
TOKYO (Reuters) – The Bank of Japan will not rule out deepening a cut to negative rates it introduced in February, the Sankei newspaper quoted Governor Haruhiko Kuroda as saying, even as the controversial policy has failed to spur inflation or economic…
Wall St. dips as investors assess rate outlook
NEW YORK (Reuters) – U.S. stocks edged lower on Friday, led by declines in utility shares as investors weighed prospects for an interest rate increase in the coming months.
Incoming Viacom CEO plans investor campaign as shakeup looms
NEW YORK (Reuters) – As Viacom Inc prepares for the impending departure of CEO Philippe Dauman, his interim replacement, Thomas Dooley, is planning to reach out to investors, setting a new tone for a company that has kept communications minimal.
JPMorgan ends WaMu disputes with FDIC, to receive $645 million
(Reuters) – JPMorgan Chase & Co on Friday said it will receive $645 million in a settlement of litigation with the Federal Deposit Insurance Corp and Deutsche Bank AG arising from its purchase of Washington Mutual Inc’s banking operations during the financial crisis in 2008.
New York nabs global property crown from London on Brexit fears
NEW YORK (Reuters) – New York has knocked off London as the world’s premier city for foreign investment in commercial real estate due to fears the vote to leave the European Union would diminish the British capital’s appeal as a global financial center…
Exxon Mobil defends handling of Torrance refinery outage
HOUSTON (Reuters) – Exxon Mobil has defended its handling of an outage at its Los Angeles refinery following a blast in February 2015 after a prominent trading company told a state commission that the process had lacked transparency.
Pricey U.S. stock valuations may warrant second look
NEW YORK (Reuters) – Investors questioning whether record high U.S. stock prices mean it is time to bail out of equities should look beyond the elevated levels found in the widely used valuation tool, the price-to-earnings (P/E) ratio, experts say.
FXCM says notified CFTC, NFA of January 2015 capital shortfall
NEW YORK (Reuters) – U.S. retail broker Forex Capital Markets said on Friday it promptly notified the Commodity Futures Trading Commission and the National Futures Association of its capital deficiency on January 15 last year, when the Swiss National …
IEX’s ‘Flash Boys’ exchange goes live, aims to disrupt market
NEW YORK (Reuters) – IEX Group, the upstart trading venue featured in Michael Lewis’s book “Flash Boys: A Wall Street Revolt,” began operations as a public stock exchange on Friday after more than 2-1/2 years as an off-exchange trading platform.
Monte dei Paschi CEO says probe ’emotionally difficult’
MILAN (Reuters) – The latest judicial probe into Monte dei Paschi di Siena is a procedural necessity but it could still damage Italy’s third-largest bank as it seeks to solve its financial woes, the lender’s chief executive said on Friday.
