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  • 09/11/2017 15:35:24

    First Data shares slip as large shareholder to unload stock in secondary offering

    First Data Corp. shares slipped in the extended session Monday after the payment-processing firm announced a large shareholder plans to sell shares in a secondary offering. First Data shares fell 2.9% to $18.31 after hours. The company said New Omaha Holdings LP plans to sell 85 million shares in deal that includes Bank of America Merrill Lynch, Citigroup and KKR as bookrunners. First Data will receive no proceeds from the sale. First Data has about 923 million shares outstanding. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/11/2017 14:07:38

    S&P 500 logs 31st closing record of 2017 as stock market bounces in 'relief rally'

    U.S. stocks on Monday kicked off the first full week of trading in September with a bang, underlined by the S&P 500 ending at a record, as a raft of meteorological and geopolitical jitters gave way to a re-emergence of appetite for assets perceived as risky. The S&P 500 index closed up 1.1% at 2,488, marking its first record close since Aug. 7, buoyed by gains in the technology and financials sectors. Financials, as gauged by the PowerShares KBW Bank Portfolio and the Financial Select Sector SPDR ETF booked their best daily rises since June 9, according to FactSet data. Bank stocks benefited from a resurgence in benchmark Treasury yields, with the 10-year Treasury note rising to 2.13%, compared with 2.05% late Friday. Higher yields support a banks's business models. The Dow Jones Industrial Average , meanwhile, jumped about 260 points, retaking is perch above 22,000, while the Nasdaq Composite Index closed up 1.1%. The technology sector has often been viewed as a gauge of Wall Street's tolerance for risk, seeing heavy bidding when investors feel bullish on the market. Monday's bounce was attributed to Hurricane Irma hitting Florida with less force than feared and North Korea refraining from conducting another missile test in the Korean Peninsula, factors that last week had helped push stocks and bonds mostly lower. The relatively milder impact of Hurricane Irma helped insurers, bracing for bigger liabilities from the storm, rally, highlighted by a 3.1% advance in the PowerShares KBW Property & Casualty Insurance Portfolio , a popular exchange-traded fund used to invest in the in the sector. Art Cashin, UBS's director of floor operations, on CNBC described Monday trading as a two-pronged "sigh of relief rally." In corporate news, shares of Apple Inc. bounced 1.8% ahead of what is expected to be the debut of a fresh lineup of iPhones and other products from the Cupertino, Calif.-based tech giant. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/07/2017 14:02:45

    Popular financial ETF ends below 200-day moving average for first time in 14 months

    A popular way to wager on the financial sector Thursday closed below a long-term trend line intraday for the first time in about 14 months. The Financial Select Sector SPDR ETF tumbled 1.7% to 23.88 on Thursday, closing below its 200-day moving average at 23.98 for the first time since early July, according to FactSet data. Market technicians tend to see short-term and long-term moving averages as dividing lines between bullish and bearish trends. Slipping below an trading averages is viewed as a bearish sign. The financial sector has been under recent pressure as Wall Street's expectations for another interest-rate increase in 2017 has diminished and as benchmark yields have fallen to their lowest level in 2017. The yield on the 10-year Treasury note declined to around 2.05% Thursday after a European Central Bank news conference. Anxieties about North Korea's recent test of a hydrogen bomb over the Labor Day weekend also have contributed to the swing lower for yields, which move inversely to prices. Recent declines in the 10-year Treasury yield narrows the gap between long- and short-term rates, potentially undercutting banks' business model of borrowing short term and providing long-term loans. Overall, the stock market edged lower, with the Dow Jones Industrial Average down 0.1% at 21,786, the S&P 500 index finished flat at 2,465, while the Nasdaq Composite Index also was little changed at 6,397.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/07/2017 11:28:00

    Popular financial ETF trades below 200-day moving average for first time in 14 months

    A popular way to wager on the financial sector Thursday afternoon was trading below a long-term trend line intraday for the first time in about 14 months. The Financial Select Sector SPDR ETF tumbled 1.9% to 23.83 on Thursday, trading below its 200-day moving average at 23.98 for the first time since early July, according to FactSet data. Market technicians tend to see short-term and long-term moving averages as dividing lines between bullish and bearish trends. Slipping below an average is viewed as a bearish sign. The financial sector has been under recent pressure as Wall Street's expectations for another interest-rate increase in 2017 has diminished and as benchmark yields have fallen to their lowest level in 2017. The yield on the 10-year Treasury note fell to around 2.06% Thursday after a European Central Bank news conference. Anxieties about North Korea's recent test of a hydrogen bomb over the Labor Day weekend also have contributed to the swing lower for yields, which move inversely to prices. Recent declines in the 10-year Treasury yield narrows the gap between long- and short-term rates, potentially undercutting banks' business model of borrowing short term and providing long-term loans. Overall, the stock market was tipping lower, with the Dow Jones Industrial Average down 0.2% at 21,768, the S&P 500 index trading 0.1% lower at 2,463, while the Nasdaq Composite Index was flat at 6,395. U.S. equities had opened slightly higher on the day.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/07/2017 08:52:28

    Popular financial ETF falls below 200-day moving average for first time in 14 months

    A popular way to wager on the financial sector Thursday morning dipped below a long-term trend line intraday for the first time in about 14 months. The Financial Select Sector SPDR ETF tumbled 1.6% to 23.92 on Thursday, trading below its 200-day moving average at 23.98 for the first time since early July, according to FactSet data. Market technicians tend to see short-term and long-term moving averages as dividing lines between bullish and bearish trends. Slipping below an average is viewed as a bearish sign. The financial sector has been under recent pressure as Wall Street's expectations for another interest-rate increase in 2017 has diminished and as benchmark yields have fallen to their lowest level in 2017. The yield on the 10-year Treasury note fell to around 2.05% Thursday after a European Central Bank news conference. Anxieties about North Korea's recent test of a hydrogen bomb over the Labor Day weekend also have contributed to the swing lower for yields, which move inversely to prices. Recent declines in the 10-year Treasury yield narrows the gap between long- and short-term rates, potentially undercutting banks' business model of borrowing short term and providing long-term loans. Overall, the stock market was tipping lower, with the Dow Jones Industrial Average down 0.2% at 21,770, the S&P 500 index trading 0.2% lower at 2,461, while the Nasdaq Composite Index was retreating by 0.1% at 6,385. U.S. equities had opened slightly higher on the day.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/04/2017 13:30:00

    DBS gets RBI approval to set up banking subsidiary

    It is the second bank to get this approval, the first being Bank of Mauritius

  • 08/24/2017 14:19:50

    Dow, S&P 500 end lower as grocers get whacked

    U.S.stock-market indexes closed slightly lower Thursday, after spending most of the session without clear direction, as investors focused on a symposium of central bankers in Jackson Hole, Wyo. The S&P 500 closed 5.07 points, or 0.2%, lower at 2,438.97, with consumer-staples shares leading the decline. The sector fell 1.3%. Kroger Co. dropped 8%, while Costco Wholesale Corp declined 5%, after Amazon.com Inc. announced late afternoon that its merger with Whole Foods Market Inc. would be completed as early as Monday and that the organic supermarket chain would offer discounts on items, rattling rival grocers. The Nasdaq Composite index closed 7.08 points, or 0.1% lower, at 6,271.33. The Dow Jones Industrial Average lost 28.69 points, or 0.1%, to 21,783.40. Among other individual performers on Wall Street, J.M. Smucker Co. shares tumbled 9.5% as the foods producer lowered its full-year outlook and its first-quarter earnings missed estimates. The Jackson Hole gathering will feature speeches from European Central Bank President Mario Draghi and Federal Reserve Chairwoman Janet Yellen. Separately, insurer shares took it on the chin as Tropical storm Harvey, headed toward the Gulf Coast, was upgraded to a hurricane, which could increase to a Category 3 storm. Travelers Cos. Inc. shares, a Dow component, was among the blue-chip's worst performers, off 1.3%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 14:52:35

    Dow industrials just marked the first tumble of at least 1% in 64 sessions

    The Dow Jones Industrial Average on Thursday closed with its first drop of at least 1%, snapping a streak that had run for more than 60 sessions. The Dow finished 274 points, or 1.2%, lower at 21,750, as the broader stock market faced its biggest selloff since last week's North Korea-fueled jitters. The blue-chip gauge's absence of down days of at least 1% was the longest since a 69-day streak ended Oct. 25, 1995, or about 22 years, according to WSJ Market Group Data. Thursday's fall for the Dow came as the broader market appeared to be fretting about a number of bearish factors, including a record-setting market that has been viewed as too rich and due for a pullback, concerns about the health of the economy and the Federal Reserve's comfort in normalizing interest rates amid levels of inflation that have run below their 2% target, considered indicative of a normally functioning economy. Heightened questions about President Donald Trump's ability to pass a raft of pro-growth policies amid the business world's fervent denouncement of his reaction to a white-supremacist rally also has helped to erode bullish sentiment. "Markets have been looking for an excuse to sell off for a few months. We may now have that excuse," said David Schiegoleit, managing director of investments at U.S. Bank Private Wealth Management. "The most recent political discourse coming out of Washington adds further risk of the President's tax reform agenda being jeopardized. This would be a fundamental blow to stocks," he said. The S&P 500 index , meanwhile, ended down 1.5% at 2,430 and the Nasdaq Composite Index shed 1.9% at 6,221. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/14/2017 13:55:52

    Germany's Schaeuble decries ECB's low interest-rate policy

    German finance minister Wolfgang Schaeuble on Monday criticized the low interest-rate policy of the European Central Bank today. He added that he hoped for a a near-term rate hike, during a federal-election campaign event in Schleiz, near Erfurt, Germany. This isn't the first time Germany's officials have complained about ECB President Mario Draghi's monetary policy. In May, the ECB's Bostjan Jazbec said the central bank was not ready to unwind its quantitative easing policy. The euro weakened 0.3% against the dollar on Monday afternoon in New York, with one euro buying $1.1784.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/09/2017 10:29:34

    Wells Fargo’s Insurance Woes Differ From Fake Accounts Scandal, Company Says

    On the surface, there are a lot of similarities between Wells Fargo & Co.’s faked checking accounts scandal and Wells Fargo Dealer Services wrongful charges for collateral protection auto insurance — but the lender argues the “root cause” is very different.   In the first instance, bank employees — inRead More

  • 08/04/2017 00:44:06

    Royal Bank of Scotland swings to profit despite U.S. fine

    Royal Bank of Scotland Group PLC said on Friday it returned to profit in the first half of the year, even as it's been hit with a U.S. settlement fine. The bank posted a profit of £939 million ($1.23 billion) in the first six months of the year, compared with a loss of £2.05 billion in the year ago period. Profit for the second quarter came in at £680 million, swinging back from a loss of £1.1 billion in the same quarter last year. RBS also said it's planning to move some operations to Amsterdam after Brexit, likely to affect around 150 people, according to the BBC. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/30/2017 22:19:09

    HSBC's first-half profit rises 5 percent, beating estimates

    HONG KONG/LONDON (Reuters) - HSBC Holdings PLC on Monday said profit rose 5 percent in the first half of the year, as Europe's biggest bank reduced operational costs and increased income in its core markets of Britain and Hong Kong.

  • 07/22/2017 23:56:00

    Indian Bank files insolvency cases against 7 a/cs worth Rs 1,200 cr at NCLT

    Indian Bank said that it has initiated cases at NCLT on seven more accounts worth Rs 1,200 crore. In all these accounts, Indian Bank is the sole lender, said Kishor Piraji Kharat, managing director and CEO, Indian Bank.Out of the 12 accounts identified by RBI as large NPA accounts, its exposure is to around eight of them together worth Rs 2,650 crore, he told Business Standard.It has made provision of Rs 130 crore during the first quarter and for 2017-18 and has plans to make a provision of Rs 365 crore for the whole year to these accounts.Bank officials also said that in another 10 accounts, which were worth around Rs 200 crore, either suppliers or creditors have initiated actions. In few cases promoters themselves approached to declare insolvency.Bank's provisions and contingencies for the first quarter was Rs 879.99 crore as against Rs 595.83 crore, a year ago.Speaking about NPA he said, they are very much in control. Gross NPA dropped to 7.21 per ceny from 7.47 per cent, quarter ..

  • 07/21/2017 09:15:21

    Bank of America picks Dublin for EU hub

    It becomes the first US bank to confirm the Irish capital as its preferred site for post-Brexit operations.

  • 07/18/2017 12:34:52

    Brazil's BNDES loan disbursements down 17 pct in first half of 2017

    RIO DE JANEIRO, July 18 (Reuters) - Loan disbursements at Brazil's state development bank BNDES dropped 17 percent to 33.483 billion reais ($10.60 billion) in the first half of 2017 from a year earlier, the bank said on Tuesday.

  • 07/18/2017 10:54:03

    New plastic £10 note featuring Jane Austen unveiled

    It is the first Bank of England note to have a tactile feature to help visually impaired people.

  • 07/17/2017 10:48:29

    Q2 Earnings Grab Spotlight

    Well you wouldn t know it from this morning s pre market atmosphere but we are embarking on the first of three weeks of a heavy flood of Q2 earnings results We re starting out slow today following Friday morning s marquee bank reports but will pick up steam as the week rolls along

  • 07/13/2017 09:02:35

    ECB's Draghi to attend Fed's Jackson Hole conference for first time in 3 years: WSJ

    European Central Bank President Mario Draghi is scheduled to address the Federal Reserve's Jackson Hole conference in August, marking his first speech at the high-profile gathering in three years, The Wall Street Journal reported, citing a person familiar with the matter. The speech is expected to provide a further sign the ECB has growing confidence in the eurozone economy, the report said. The speech would come less than two weeks ahead of the ECB's Sept. 7 policy meeting. According to the report, ECB officials say the bank is likely to signal at that meeting that its asset-buying program will be gradually wound down in 2018. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/12/2017 08:14:57

    Bank of Canada makes first rate hike in 7 years

    The Bank of Canada, as expected, raised its overnight interest rate by a quarter of a percentage point to 0.75% on Wednesday. This was the first rate hike in seven years, making the Bank of Canada the first major central bank to join the Federal Reserve in raising rates. The Bank of Canada's decision was driven by its confidence in its outlook for faster growth in the economy. Shortly after the decision, the Canadian dollar rallied, with the U.S. dollar trading at C$1.2832, down 0.7% from C$1.2917 on Tuesday.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/30/2017 10:03:54

    Daimler Performs Test of Blockchain in $114MM Transaction

    Daimler AG issued a €100 million ($114.2 million) promissory note using blockchain technology, which the Mercedes-Benz manufacturer says is a first step to testing faster and more secure financial transactions across the company.     Normally, a transaction like this would take roughly 10 weeks for a bank to workRead More

  • 06/28/2017 12:09:25

    U.S. stock market jumps as Wall Street rallies from worst daily fall in a month

    U.S. stock-market indexes on Wednesday traded higher, with equities attempting to rebounding from a technology-led downdraft in the previous session. A Senate delay of a closely watched vote on a bill to overhaul of the Affordable Care Act, known as Obamacare, until after July 4, has raised some questions about President Donald Trump's ability to advance his pro-business and market-boosting agenda, headlined by tax cuts, deregulation and a boost to spending on infrastructure. The Dow Jones Industrial Average climbed 0.7% at 21,468, the S&P 500 index rose 0.9% at 2,441, while the Nasdaq Composite Index jumped 1.2% at 6,221, as the tech-laden benchmark tried to avoid three straight down days, and its first monthly drop since October. The small-capitalization Russell 2000 , also caught a bid in the day's upswing, trading in record territory, up 1.6% at 1,425. In the prior session, tech shares pitched sharply lower, with the biotech-oriented iShares Nasdaq Biotechnology ETF suffering its largest daily drop since March 21, and the health-care focused Health Care Select Sector SPDR ETF notching its steepest one-day drop since May 17, according to FactSet data. Technology stocks have been the centerpiece of what has been a mulitmonth rally in U.S. stocks. Also Tuesday, global investors digested comments from European Central Bank boss, Mario Draghi, whose remarks were interpreted as less hawkish than previously, pushing the euro to a 10-month high against the dollar and jolting yields on government paper up, including the 10-year Treasury note . On the corporate front, the market is anticipating the public listing of meal-kit maker Blue Apron Holdings Inc. .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/28/2017 08:46:10

    U.S. stock market climbs as Wall Street tries to rally from worst daily fall in a month

    U.S. stock-market indexes Wednesday traded higher, with equities attempting to rebounding from a technology-led downdraft in the previous session. A Senate delay of a closely watched vote on a bill to overhaul of the Affordable Care Act, known as Obamacare, until after July 4, has raised some questions about President Donald Trump's ability to advance his pro-business and market-boosting agenda, headlined by tax cuts, deregulation and a boost to spending on infrastructure. The Dow Jones Industrial Average climbed 0.7% at 21,449, the S&P 500 index rose 0.8% at 2,437, while the Nasdaq Composite Index gained 0.8% at 6,196 in early trade, as the tech-laden benchmark tried to avoid three straight down days, and its first monthly drop since October. In the prior session, tech shares pitched sharply lower, with the biotech-oriented iShares Nasdaq Biotechnology ETF suffering its largest daily drop since March 21, and the health-care focused Health Care Select Sector SPDR ETF notching its steepest one-day drop since May 17, according to FactSet data. Technology stocks have been the centerpiece of what has been a mulitmonth rally in U.S. stocks. Also Tuesday, global investors digested comments from European Central Bank boss, Mario Draghi, whose remarks were interpreted as less hawkish than previously, pushing the euro to a 10-month high against the dollar and jolting yields on government paper up, including the 10-year Treasury note . On the corporate front, the market is anticipating the public listing of meal-kit maker Blue Apron Holdings Inc. .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/27/2017 14:33:36

    BRIEF-BancFirst says Robin Smith and Joe Ford have been elected to the board

    * Bancfirst corp - robin smith and joe ford have been elected to board of both bank and its parent company Source text for Eikon: Further company coverage:

  • 06/26/2017 01:19:33

    SNB said Q1 current account surplus rose to 11 bln francs

    ZURICH, June 26 (Reuters) - Switzerland's current account surplus increased to 11 billion Swiss francs ($11.35 billion) in the first quarter, up 3 billion francs from the year-ago period, the Swiss National Bank said on Monday.

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