November 26th @ 7:13 PM GMT
Yahoo! U.S. President-elect Donald Trump said on Saturday that his administration would ''do all it can'' once he takes office on Jan. 20 to help increase freedom and prosperity for Cuban people after the death of Fidel Castro. Obama used his executive powers on a series of steps to ease trade, travel and financial restrictions against Cuba, arguing it was time to try diplomacy after the half-century-long economic embargo againstCuba had failed to shake the regime. Trump's first statement on ... (Top Stories)
November 25th @ 4:15 PM GMT
Yahoo! France's Amundi has submitted the highest offer to buy Italian UniCredit's asset manager, Pioneer, while a consortium led by Poste Italiane and Ameriprise Financial are scrambling to stay in the race, three sources close to the matter said on Friday. Two of the sources also said that Australia's Macquarie was practically out of the race because its offer was the least attractive. According to the chief executive of Aberdeen Asset Management, which dropped its bid earlier this month, the ... (Business)
November 28th @ 4:07 PM GMT
Yahoo! Volkswagen has agreed to extend a 20 billion-euro ($21.2 billion) bank credit line, it said on Monday, part of the German carmaker's efforts to maintain its financial strength while it counts the full cost of its emissions scandal. Europe's largest automaker secured the one-year bridge loan last December after the biggest corporate scandal in its history wiped billions off its market value and made it much more expensive for Volkswagen (VW) to borrow in the debt market. ''We have now de... (Business)
November 28th @ 4:20 PM GMT
Yahoo! Financial planners and credit counselors see plenty of examples. The grown son who lost a job, moved home and stopped looking for work. The daughter who constantly mismanaged her checking account and turned to payday lenders when parents stopped covering her overdrafts. The father working into his 70s to support spendthrift children in their 40s and 50s. (U.S. News)
November 28th @ 10:41 AM GMT
Yahoo! The leader of Malaysian pro-democracy group Bersih and critic of Prime Minister Najib Razak was released on Monday after ten days in detention under a widely criticized security law. Maria Chin Abdullah was arrested the day before a protest rally organized by the group saw thousands of Malaysians marching in the capital to demand Najib's resignation over his alleged involvement in a multi-billion dollar financial scandal. Najib has denied wrongdoing. (World)
November 28th @ 3:28 PM GMT
Reuters 's Pershing launches BMO Gold Deposit Receiptssolution for clients servicing the high-net-worth and ultrahigh-net-worth marketSource text for Eikon: Further company coverage: (Business)
November 25th @ 3:50 PM GMT
Yahoo! Some financial firms in Britain looking for a base in the European Union after Brexit are expected to start applying for licences in Dublin by early next year, Ireland's financial services minister said on Friday. The Irish capital, along with other financial centres in the EU such as Paris, Frankfurt and Luxembourg, are hoping that banks and other financial institutions in London will choose them as a European base once Britain leaves the bloc. (Top Stories)
November 27th @ 3:31 AM GMT
Yahoo! Malaysian Prime Minister Najib Razak said on Sunday that he will ''not necessarily'' call a snap election next year, amid talk that he would seek an early vote as splits in the opposition have hobbled efforts to oust him over a long-running financial scandal. The multi-ethnic Southeast Asian country is due to hold an election by August 2018, and a government official has told Reuters that Najib could call for a poll in the second half of 2017. ''Not necessarily it can be later,'' Na... (World)
November 28th @ 4:04 AM GMT
Yahoo! The Brexit vote has shaken the City of London but will not destroy it despite creating uncertainty, the newly-installed Lord Mayor of the financial hub told AFP. Speaking at his offices opposite the Bank of England, Andrew Parmley spoke of his concerns about attracting high-skilled workers and how City firms will be able to do business in the European Union after Britain leaves. ''Storms come around but we weather them every time,'' 60-year-old Parmley, the City's 689th Lord Mayor in e... (Politics)
November 28th @ 5:00 PM GMT
Yahoo! Italian Prime Minister Matteo Renzi attempted Monday to calm fears of a financial meltdown after an upcoming referendum on which he has staked his political future. The centre-left premier, who has suggested he will step down if voters reject proposals to reform Italy's parliamentary system, said ''there will still be a government, whether it it technical, political, super technical or super political''. Renzi was speaking as he presented his 2017 budget plans to the media after winnin... (Politics)