Noticias de Hoy

HONG KONG/SINGAPORE (Reuters) – Canada’s Sun Life Financial and Malaysian state investor Khazanah have agreed to buy Aviva’s Malaysian insurance joint venture with lender CIMB for about 1. 7 billion ringgit ($563 million), sources said on Sunday. The deal will help the Canadian company expand its Asian footprint. The consortium of Sun Life Financial Inc and Khazanah Nasional Bhd edged out rival Manulife Financial Corp to win the eight-month old auction, sources familiar with the sale process said. Britain’s No. . . .

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TOKYO (Reuters) – Prime Minister Shinzo Abe said the Bank of Japan (BOJ) must set a 2 percent inflation target and make it a medium-term, not long-term, goal to show markets it was determined to pursue bold monetary easing to end nearly two decades of deflation. The government is negotiating with the BOJ to issue a joint statement this month to make the central bank accountable for achieving 2 percent inflation, double its current price goal. "The BOJ basically says it sees 1 percent inflation as a loose goal. . . .

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WASHINGTON (Reuters) – Americans are beginning to feel the pinch from Washington’s decision to embrace austerity measures aimed at bringing down the nation’s budget deficit. Paychecks across the country have shrunk over the last week due to higher federal tax rates, and workers are already cutting back on spending, which will drag on the economy this year. In Warren, Rhode Island, Ben DeCastro got his first paycheck on Friday in which taxes on his wages rose by 2 percentage points. That works out to about $30 a week. . . .

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NEW YORK (Reuters) – American International Group Inc has filed a lawsuit against a vehicle created by the Federal Reserve Bank of New York to help bail out the insurer, in a bid to preserve its right to sue Bank of America Corp and other issuers of mortgage debt that went sour. The complaint filed in the New York State Supreme Court in Manhattan seeks a declaration that AIG has not transferred billions of dollars of "litigation claims" to Maiden Lane II, including many related to the insurer’s $10 billion lawsuit against Bank of America. . . .

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(Reuters) – Bank of America Corp directors have reached a $62. 5 million settlement to resolve investor claims over the bank’s acquisition of Merrill Lynch & Co, a person familiar with the matter said, after a federal judge expressed reservations about an earlier version of the accord. U. S. District Judge Kevin Castel in Manhattan on Friday agreed to increase the size of the settlement from $20 million, the person said. This came after Castel had indicated in a January 4 order that he had yet to be persuaded of the fairness of the settlement, which also includes governance reforms. . . .

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NEW YORK (Reuters) – After over a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street. The first full week of earnings season is dominated by the financial sector – big investment banks and commercial banks – just as retail investors, free from the "fiscal cliff" worries, have started to get back into the markets. Equities have risen in the new year, rallying after the initial resolution of the fiscal cliff in Washington on January 2. . . .

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NEW YORK (Reuters) – Stocks dipped on Friday after a record profit at Wells Fargo failed to attract buyers and Boeing shares were pressured by two further problems with its new Dreamliner aircraft. The benchmark S&P 500 index fell slightly but was still up on the week and just a few points shy of a five-year high set Thursday. Wells Fargo , the first major U. S. bank to post earnings this season, reported a record fourth-quarter profit as it set aside less money to cover bad loans and made more fees from mortgages. Its shares fell 2 percent to $34. 70, erasing Thursday’s gains but up 1. . . .

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LONDON (Reuters) – European shares consolidated close to two year highs on Friday after Europe’s Central Bank expressed cautious optimism on the euro zone’s prospects. Strong Chinese trade data on Thursday also helped lift economists’ expectations of a steady global recovery this year, although a pick-up in Chinese inflation on Friday prompted profit-taking on Asia shares outside Japan and dampened oil. The FTSEurofirst 300 of top European shares opened in positive territory but had returned to a near-unchanged 1164. . . .

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NEW YORK (Reuters) – Stocks rose on Thursday and the S&P 500 ended at a fresh five-year high as stronger-than-expected exports from China spurred optimism about global growth prospects. Buying accelerated late in the day after the S&P 500 broke through technical resistance at 1,466. 47, which was the market’s closing level last Friday and the highest level since December 2007. "Historically, January is a positive month for the market and you’re seeing that play out," said Michael Sheldon, chief market strategist at RDM Financial in Westport, Connecticut. . . .

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NEW YORK (Reuters) – Stocks climbed on Thursday on optimism about global growth spurred by stronger-than-expected exports in China, the world’s second-biggest economy, though gains in the S&P 500 were capped at a resistance level near a 5-year high. Financial and energy stocks were the day’s top gainers in afternoon trading. The financial sector index rose 0. 8 percent and the energy sector was up 0. 6 percent. The benchmark Standard & Poor’s 500 index hovered near a five-year closing peak of 1,466. 47. On Friday, the index had closed at its highest since December 2007. . . .

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