Oil price slide unlikely to scuttle Shell’s takeover of BG
LONDON (Reuters) – Royal Dutch Shell’s takeover of BG Group may look less attractive after the slide in oil prices but the fact the same investors own nearly half of both firms means the deal is still likely to go through.
As Fed fog lifts, central bankers keep puzzling over China
SAN FRANCISCO(Reuters) – The world’s central banks are scrambling to assess the risk a slowing China poses to their economies and appear to be no closer than most other observers to working out what is going on in the world’s second largest economy.
Caesars, Hilton among groups exempt from proposed tax rule on REITs
(Reuters) – Some casino and hotel companies including Caesars Entertainment Corp and Hilton Worldwide Holdings Inc are expected to get a reprieve from a proposal to curb real estate investment trusts, or REITs.
Asia stocks up as Fed goes gradual; oil takes a spill
SYDNEY (Reuters) – Asian stock markets rose on Thursday as investors chose to take a hike in U.S. interest rates as a mark of confidence in the world’s largest economy, though the good cheer did not extend to oil where oversupply again pressured prices…
U.S. SEC bars fund adviser from securities industry
(Reuters) – The U.S. Securities and Exchange Commission said on Wednesday it barred hedge fund adviser Owen Li from the securities industry for making false statements to investors that lead to the collapse of a fund.
BlackRock, Pimco among group to begin clearing credit swaps
NEW YORK (Reuters) – A group of 24 investment management firms, including BlackRock Inc , Pimco and Eaton Vance , will begin clearing certain credit default swaps in an effort to revive a flagging part of the market used to hedge risk, several trade gr…
Oracle profit forecast fails to impress; shares fall
(Reuters) – Business software maker Oracle Corp on Wednesday delivered a third-quarter profit forecast that did not quite meet analysts’ expectations, and the company’s shares fell about 1 percent in extended trading.
Wall Street rallies on gradual Fed tightening, improving economy
NEW YORK (Reuters) – U.S. stocks rallied on Wednesday after the Federal Reserve announced it is raising its key policy rate for the first time in nearly a decade in a sign of confidence in the U.S. economy.
Ackman tells investors that this year could be his firm’s worst ever
BOSTON (Reuters) – Billionaire hedge fund investor William Ackman, whose funds have suffered double-digit losses this year, on Tuesday told investors that 2015 could be his firm’s worst ever, but said clients are generally sticking with him.
Fed raises interest rates, citing ongoing U.S. recovery
WASHINGTON (Reuters) – The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signaling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis.
