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Stock sell-off intensifies as investors digest Fed decision – Yahoo Finance

Stock sell-off intensifies as investors digest Fed decision – Yahoo Finance

U.S. stocks slid, extending Wednesday’s losses following a Federal Reserve decision and commentary that failed to placate markets. The S&P 500 (^GSPC) fell 2.49%, or 61.31 points, as of 2:14 p.m. ET. The Dow (^DJI) declined 2.82%, or 658.88 points. The Nasdaq (^IXIC) fell 2.63%, or 171.9 points. The tech-heavy index dipped into bear market territory […]

Mexico's offer to buyback airport bonds backed by investors – finance ministry – Reuters

Mexico's offer to buyback airport bonds backed by investors – finance ministry – Reuters

MEXICO CITY, Dec 19 (Reuters) – Mexico’s finance ministry said on Wednesday that an offer to buy back bonds issued to fund a partly-built airport was met with resounding support from investors. The Mexico City Airport Trust (MEXCAT) received offers and consent from a “substantial majority” of the holders of the notes of each one […]

Opinion | 'Peak finance' could result in cheaper stocks and less rewarding finance careers – Moneycontrol.com

Opinion | 'Peak finance' could result in cheaper stocks and less rewarding finance careers – Moneycontrol.com

Saurabh Mukherjea The combination of a rising fiscal deficit and tighter monetary policy in the United States is pushing the world’s risk- free rate upwards, thus reversing a 40-year trend of money become ever cheaper. Alongside adverse developments in global trade and politics, this could change the way we think about risk-reward trade-offs. Writing in A […]

Crystal Financial Agents Recapitalization for Lacks Valley Stores, Ltd. – Associated Press

Crystal Financial Agents Recapitalization for Lacks Valley Stores, Ltd. – Associated Press

BOSTON–(BUSINESS WIRE)–Dec 18, 2018–Crystal Financial LLC announced the closing of a $55.0 million Senior Credit Facility for Lacks Valley Stores, Ltd. (“Lacks” or the “Company”) consisting of a $15.0 million revolving line of credit and a $40.0 million term loan. Founded in 1935 in McAllen, TX, Lacks operates eleven stores and one clearance center throughout […]

Stocks continue descent – Yahoo Finance

Stocks continue descent – Yahoo Finance

U.S. equities slid Monday ahead of a heavy week of market catalysts. The S&P 500 (^GSPC) fell 1.77%, or 45.9 points, as of 2:04 p.m. ET. The real estate sector led declines as economic data released Monday morning pointed to the lowest homebuilder sentiment in more than 3 years. The Dow (^DJI) fell 1.74%, or 418.27 points, […]

Diamond Bank acquired by Access Bank – Finance – Pulse Nigeria

Diamond Bank acquired by Access Bank – Finance – Pulse Nigeria

news Acquisition of Diamond Bank by Access Bank Plc has been sealed and awaiting regulatory approval and procedures, multiple sources confirmed. In a report by TheCable, the acquisition was facilitated by the Central Bank of Nigeria and an official announcement of the deal will be made available to investors and shareholders during the week. No […]

Moody's report on Lebanon highlights need for new government and reforms, finance minister says – The National

Moody's report on Lebanon highlights need for new government and reforms, finance minister says – The National

The decision by rating agency Moody’s Investors Service to change Lebanon’s outlook to negative underscores the need to form a new government and implement reforms, the country’s finance minister said. Moody’s changed its outlook of Lebanon’s credit rating from stable to negative citing increasing risks to the government’s liquidity position and the country’s financial stability, […]

Finance Minister Arun Jaitley speaks at India Economic Conclave – ET Now

Finance Minister Arun Jaitley speaks at India Economic Conclave – ET Now

Finance Minister Arun Jaitley speaks at India Economic Conclave  ET Now Finance Minister Arun Jaitley on Times Network Talks to Navika Kumar on Government, Growth and Governance. Has NDA delivered ‘Acche Din’? Listen in! Source link

Stocks tumble as growth concerns linger – Yahoo Finance

Stocks tumble as growth concerns linger – Yahoo Finance

U.S. equities fell along with global stocks on Friday, rounding out a week of choppy trading. The S&P 500 (^GSPC) slipped 1.55%, or 41.45 points, as of 1:47 p.m. ET. The Dow (^DJI) slid 1.77%, or 435.76 points, while the Nasdaq (^IXIC) fell 1.63%, or 115.35 points. Weak economic data from China and Europe stoked worries of sluggishness in global growth. […]

Saudi to make biggest foreign investment in Pakistan's history soon: finance minister – DAWN.com

Saudi to make biggest foreign investment in Pakistan's history soon: finance minister – DAWN.com

Finance Minister Asad Umar on Thursday said that an incoming investment package from Saudi Arabia, which promises to be “the biggest foreign investment in Pakistan history”, will be announced soon. “The ball is in our court. We have to get cabinet approval next week, after which an announcement will be made,” he said, addressing an […]