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Wed, 28 Sep 2016 17:24:00 -0400OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.
Wed, 28 Sep 2016 16:42:00 -0400Oil stocks rallied after OPEC reached a deal to cut output, driving the major indexes higher. Roselle Chen reports.
Wed, 28 Sep 2016 12:34:00 -0400European Central Bank President Mario Draghi faces tough questions from German lawmakers about the bank's ultra-loose monetary policy, just as the ECB is considering even more stimulus to revive inflation. David Pollard reports.
Wed, 28 Sep 2016 13:18:00 -0400The company that once dominated the smartphone market will outsource development of the devices. Fred Katayama reports.
Wed, 28 Sep 2016 11:49:00 -0400The German government has denied it is working on a rescue of Deutsche Bank as Germany's biggest lender boosted its balance sheet by selling its British insurance business. As Sonia Legg reports, Deutsche is facing a $14 billion fine from the U.S. Department of Justice and concerns over its funding pushed its shares to a record low on Tuesday.
Wed, 28 Sep 2016 11:59:00 -0400Richard Beales and Jeff Goldfarb debate Wells Fargo's belated decision to dock the pay of CEO John Stumpf and another top executive over the U.S. bank's fake-accounts scandal.
Wed, 28 Sep 2016 09:45:00 -0400Royal Bank of Scotland Group will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, according to the U.S. National Credit Union Administration. David Pollard reports.
Wed, 28 Sep 2016 10:39:00 -0400CEO John Stumpf will forfeit $41 million in compensation. As Fred Katayama reports, it's one of the biggest sanctions ever against a bank CEO.
Wed, 28 Sep 2016 08:39:00 -0400OPEC might still agree an oil output-limiting deal later this year as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran. Sonia Legg reports.
Wed, 28 Sep 2016 06:25:00 -0400Shares in Postal Savings Bank of China have made a flat debut in Hong Kong after the state-owned lender raised $7.4 billion in the world's biggest initial public offering in two years, pricing the deal near the bottom of its marketing range. Tara Joseph reports.
Wed, 28 Sep 2016 08:33:00 -0400The mood among German consumers heading into October remains at one of the highest levels in more than a decade, despite worsening slightly. But, as David Pollard reports, consumer spending isn't as strong everywhere in Europe.
Tue, 27 Sep 2016 17:02:00 -0400Consumer and technology stocks, including Amazon, led gains on Wall Street on Tuesday, while a perceived win by Democrat Hillary Clinton in Monday's first presidential debate gave broader support to equities. Bobbi Rebell reports.
Tue, 27 Sep 2016 16:16:00 -0400Erin Gibbs, Equity Chief Investment Officer, S&P Investment Advisory Services talks with Bobbi Rebell about the markets and shares her advice for investors.
Tue, 27 Sep 2016 14:46:00 -0400The Chinese media conglomerate is in talks to buy a controlling stake in the American company that runs the Golden Globes and other major award shows. Fred Katayama reports.
Tue, 27 Sep 2016 12:09:00 -0400Deutsche Bank shares hit a record low again and state-backed lender NordLB scraps a 500 million euro bond sale amid investor concern over the financial industry in Europe's largest economy. As David Pollard reports, the news was also capped by a report that Commerzbank aims to cut around 9,000 jobs and scrap its 2016 dividend.
Tue, 27 Sep 2016 12:11:00 -0400BP is bracing for more bad press after the European premiere of Deepwater Horizon. As Sonia Legg reports, the film focuses on the hours before and after the deadly rig explosion in the Gulf of Mexico on April 20, 2010 that led to the worst offshore oil disaster in U.S. history.
Tue, 27 Sep 2016 11:43:00 -0400Robert Cyran and Richard Beales wonder whether a breakup of Pfizer – which it has decided against, amidst renewed dealmaking – will one day come around again.
Tue, 27 Sep 2016 10:44:00 -0400Disney joins the growing list of companies interested in buying Twitter. As Fred Katayama reports, the microblogging service could morph depending on who buys it.
Tue, 27 Sep 2016 09:31:00 -0400Profits earned by China's industrial firms in August grew at the fastest pace in three years helped by rising sales, higher prices and lower costs, pointing to strengthening economic activity. But, as Sonia Legg reports, not everyone thinks it's a sign stability has returned.
Tue, 27 Sep 2016 08:32:00 -0400Italian bond yields fall to a 2-1/2-week low after the government pushes back the date for a high stakes vote to December, potentially giving it more time to win over a sceptical electorate. David Pollard reports.
Tue, 27 Sep 2016 08:35:00 -0400World shares swung higher and the Mexican peso surged more than two per cent as investors awarded the first U.S. Presidential debate to Democrat Hillary Clinton over Republican Donald Trump. Ivor Bennett reports.
Mon, 26 Sep 2016 17:42:48 -0400Who becomes the next U.S. president will be a primary focus for Wall Street next week and beyond, starting on Monday with the first debate between candidates Hillary Clinton and Donald Trump.
Mon, 26 Sep 2016 16:41:00 -0400U.S. stocks fell ahead of the presidential debate. But as Fred Katayama reports, concerns over global growth may have been a bigger factor dampening investor sentiment.
Mon, 26 Sep 2016 14:58:00 -0400Investor concerns about economic growth are pressuring stocks Monday, Wells' Margie Patel tells Reuters' Fred Katayama. But she has recently raised her allocation to equities.
Mon, 26 Sep 2016 12:50:00 -0400Turkish shares tumble 4 percent while bonds and the lira also weaken sharply after ratings agency Moody's cut Turkey's sovereign rating to "junk", triggering fears of an outflow of foreign funds. Ivor Bennett reports.