Noticias de Hoy

LONDON (Reuters) – Glencore has formally notified the European Commission of its $33 billion plan to take over Xstrata , sources familiar with the matter told Reuters on Tuesday, setting the European regulatory clock ticking on the deal. Once the notification has been acknowledged by the Commission, the regulator has 25 days to decide whether to approve, reject or begin an in-depth probe into a plan to create the world’s fourth largest miner. . . .

View full post on Business News Headlines – Yahoo! News

NEW YORK (Reuters) – Stocks edged lower in a volatile session on Tuesday over uncertainty about a financial bailout for Spain and investor worries that third-quarter U. S. earnings will disappoint. The Dow was pressured by stocks closely tied to the pace of growth, including Caterpillar Inc and Boeing Co . A major headwind for the economy has been declining demand from Europe, which has been drifting toward recession. Spanish Prime Minister Mariano Rajoy said a request for European aid was not imminent following a report the country could apply for help soon. . . .

View full post on Business News Headlines – Yahoo! News

NEW YORK (Reuters) – U. S. stock index futures rose in low volume on Tuesday on expectations the Spanish government will soon request a bailout, a step some see as necessary to alleviate the euro zone’s debt crisis. Spanish 10-year bond yields were near session lows below 5. 77 percent and the domestic equity market benchmark gained 1. 3 percent. "I think the market feels that we are closer to some type of action and resolution in terms of the Spanish problem," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont. . . .

View full post on Business News Headlines – Yahoo! News

TOKYO (Reuters) – Asian shares, the euro and the Australian dollar inched up on Tuesday after a surprising expansion in U. S. factory activity, and although weak global growth remains a key concern, some market players said risk assets should continue to find support. Markets in China, Hong Kong and India are closed for holidays on Tuesday. The MSCI index of Asia-Pacific shares outside Japan rose 0. 3 percent, with Australian shares up 0. 6 percent while South Korean shares edged 0. 3 percent higher. Japan’s Nikkei stock average was up 0. 2 percent, recovering from a three-week low hit on Monday. . . .

View full post on Business News Headlines – Yahoo! News

NEW YORK (Reuters) – Wall Street started a new quarter with a modest rally on Monday, lifted by a surprising expansion in U. S. manufacturing in September. After rising more than 1 percent by midday, the major U. S. stock indexes came off their highs, with the Nasdaq the hardest-hit. Market participants said Wall Street has shown signs of fatigue as stocks closed a strong third quarter on Friday. "We are at a level where the market is due for a correction. . . .

View full post on Business News Headlines – Yahoo! News

NEW YORK (Reuters) – U. S. stocks rose at the start of the last quarter on Monday on a surprise expansion in the U. S. manufacturing sector last month and bets central banks will continue to support markets. The U. S. manufacturing sector expanded in September, shaking off three months of weakness as new orders and employment picked up, an Institute for Supply Management report showed. The figure came after a survey from Markit showed U. S. manufacturing ended its worst quarter in three years in September as foreign demand for U. S. goods fell sharply. The weak U. S. . . .

View full post on Business News Headlines – Yahoo! News

LONDON (Reuters) – Weak Asian economic data and concerns about Spain’s public debt problems briefly pushed the euro to a three-week low on Monday, but European shares were higher as investors took advantage of recent falls to buy back in to market. The latest evidence of weakness in the global economy came from China, Japan and South Korea before euro zone data due later which is expected to confirm the region has slipped firmly into recession. The euro fell as low as $1. 2804 early on Monday before recovering to be little changed at about $1. 2860. . . .

View full post on Business News Headlines – Yahoo! News

LONDON (Reuters) – Rupert Murdoch’s News Corp has hired a senior official from the U. S. Securities and Exchange Commission and a former federal prosecutor to lead new compliance units, the Financial Times reported on Monday. Gerson Zweifach, News Corp’s general counsel and new chief compliance officer, is set to announce five appointments on Monday, the FT said. They include John McCoy, the associate regional director of the SEC’s enforcement arm in Los Angeles, and Brian Michael, a former federal prosecutor for the U. S. Attorney’s Office in New York. . . .

View full post on Business News Headlines – Yahoo! News

NEW YORK (Reuters) – Wall Street will open October with a busy week, highlighted by low expectations for global manufacturing data and the U. S. jobs report. Any positive surprises may help lift the market. Spain is the wild card. And if it’s played well, then the bulls might dance. The S&P 500 finished its third positive quarter in the last four on Friday, despite suffering its largest weekly percentage decline since June. For the past three months, the S&P 500 gained 5. 9 percent – its best third quarter since 2010. In contrast, the index was down 1. 3 percent for the week. . . .

View full post on Business News Headlines – Yahoo! News

LONDON (Reuters) – In the take-no-prisoners world of foreign exchange dealing, asking traders to look inside themselves and confront their inner demons may seem a forlorn endeavor. Yet some banks are turning to performance coaches to give their traders an edge in the battle to make money in the $4. 5 trillion dollar a day FX market. This soft skills approach contrasts with the popular stereotype of FX traders hurling prices — and abuse — at each other across the dealing room floor. . . .

View full post on Business News Headlines – Yahoo! News