U.S. probe finds possible misconduct by Walmart in Brazil - WSJ ...
Tue 4:03pm (Reuters) - A U.S. investigation into potential foreign bribery by Wal-Mart Stores Inc has unearthed evidence of possible misconduct by the company in Brazil, the Wall Street Journal reported, citing documents and people familiar with the matter. Federal authorities are investigating $500,000 in payments they believe ultimately went to an individual hired to obtain government permits for building two stores in Brasília, Brazil’s capital, between 2009 and 2012, the newspaper said, citing an investigative document. The focus on payments in Brazil marks a new development in a years-long investigation by the U.S. Department of Justice into potential misconduct by Wal-Mart in some overseas markets.
Nasdaq short interest down 1.8 percent in early November
Tue 3:15pm Short interest on the Nasdaq fell 1.8 percent in the first half of November, the exchange said on Tuesday. As of Nov. 13, short interest fell to about 8.885 billion shares, compared with 9.047 billion shares as of Oct. 30.
Wall Street ends higher, driven by energy amid global tension ...
U.S. shares closed higher on Tuesday as energy stocks rose along with oil prices after Turkey shot downTue 1:41pm U.S. shares closed higher on Tuesday as energy stocks rose along with oil prices after Turkey shot down a Russian warplane near the Syrian border. "You came in this morning and everybody was talking about this potential escalation of violence between Turkey and Russia," said Andrew Frankel, co-president of Stuart Frankel & Co in New York. The Dow Jones industrial average rose 19.51 points, or 0.11 percent, to 17,812.19, the S&P 500 gained 2.55 points, or 0.12 percent, to 2,089.14 and the Nasdaq Composite added 0.33 points, or 0.01 percent, to 5,102.81.
U.S. probing Comcast's role in 'spot' cable ad sales market
(Reuters) - The U.S. Department of Justice is investigating whether Comcast Corp, the biggest U.STue 12:27pm (Reuters) - The U.S. Department of Justice is investigating whether Comcast Corp, the biggest U.S. cable TV provider, is hindering competition in cable advertising sales, a source told Reuters. The department's Antitrust Division has sent documents known as civil investigative demands to video distribution companies with questions about whether Comcast was seeking to dominate the "spot" cable ad sales business in areas where Comcast offers service, said the source, who asked not to be identified to protect business relationships. The probe was first reported by the Wall Street Journal.
U.S. Federal Reserve awards $95.92 billion reverse repos
The Federal Reserve on Tuesday awarded $95.92 billion of overnight fixed-rate reverse repurchase agTue 11:35am The Federal Reserve on Tuesday awarded $95.92 billion of overnight fixed-rate reverse repurchase agreements to 43 bidders at an interest rate of 0.05 percent, the New York Fed said on its website. This was the smallest amount in a week when it awarded $86.16 billion to 39 bidders at the same interest rate. On Monday, the Fed had allotted $144.6 billion in one-day reverse repos to 50 bidders, including Wall Street dealers, money market mutual funds and mortgage finance agencies, also at an interest rate of 0.05 percent.
US bank earnings rose 5.1 percent in July-September quarter
Tue 8:25am WASHINGTON (AP) — U.S. banks' earnings rose 5.1 percent in the July-September quarter from a year earlier, largely because of a drop in legal expenses for the largest financial services companies.
Saudi rises, most markets fall on Turkey-Russia tensions
Tue 7:09am * Saudi closes well off highs after Turkey news * Dar Al Arkan stabilises after land tax news * Arabtec pulls down Dubai after CEO change * Orascom Telecom continues slide after North Korea news * Commercial International Bank hit by forex worries By Andrew Torchia DUBAI, Nov 24 (Reuters) - Buying in some blue-chips lifted Saudi Arabia's stock market on Tuesday but most Middle Eastern markets fell in thin trade because of a lack of positive corporate news and Turkey's shooting down of a Russian warplane. The Saudi stock index ended 0.7 percent higher at 7,202 points. ...
Wall Street set to open down as security worries intensify
Wall Street was set to open lower on Tuesday as investors fled risky assets after Turkey shot down a RussianTue 5:51am Wall Street was set to open lower on Tuesday as investors fled risky assets after Turkey shot down a Russian warplane, even as data pointed to stronger U.S. economic growth. The U.S. Commerce Department revised third-quarter GDP growth to an annual rate of 2.1 percent, in line with market expectations but up from 1.5 percent estimated previously. The data could give the Federal Reserve confidence to raise interest rates at its December meeting.
Apple plans to launch Apple Pay in China by February - WSJ
(Reuters) - Apple Inc plans to launch its mobile payment system Apple Pay in China by early February, Tue 1:38am (Reuters) - Apple Inc plans to launch its mobile payment system Apple Pay in China by early February, the Wall Street Journal reported. The iPhone maker has struck deals recently with China's big four state-run banks, the newspaper reported late Monday, citing people familiar with the discussions. Apple's plans could still face regulatory hurdles in China, where banking and e-commerce are overseen by a number of government agencies, WSJ said.
Bahri boosts Saudi Arabia, Egypt stays weak
Tue 12:49am DUBAI, Nov 24 (Reuters) - Oil shipper Bahri boosted Saudi Arabia's stock market early on Tuesday while Egypt's market remained weak. The Saudi stock index added 0.9 percent as Bahri climbed 1.6 percent in unusually heavy trade. The company, which reported a 501 percent leap in third-quarter net profit last month, released details of its earnings late on Monday. Petrochemical producer Saudi Basic Industries rose 1.4 percent and real estate developer Dar Al Arkan, which had dropped 2.3 percent on Monday after the cabinet announced plans for a tax on undeveloped land, rebounded 1.6 percent. ...
Asian shares slip, dollar close to 8-month peak
By Lisa Twaronite and Hideyuki Sano TOKYO (Reuters) - Asian shares struggled on Tuesday after a healthMon 11:09pm By Lisa Twaronite and Hideyuki Sano TOKYO (Reuters) - Asian shares struggled on Tuesday after a healthcare mega-merger failed to impress Wall Street, while the dollar took a breather from its run to 8-month highs on rising conviction that the Federal Reserve will raise interest rates next month. MSCI's broadest index of Asia-Pacific shares outside Japan wavered in and out of positive territory, and was last down 0.2 percent. Japan's Nikkei ended a choppy session with a 0.2 percent gain, after a long weekend.
Bursa Malaysia opens higher
Mon 6:37pm KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher today despite the decline on Wall Street overnight said a dealer.At 9.17 am, the index was 13.48 points better at 1,684.38 after opening 7.78 points higher at 1,670.68.Gainers led decliners 242 to 163, with 231 counters unchanged, 1,202 untraded and 11 others were suspended. Turnover stood at 372.76 million shares worth RM171.97 million.On the scoreboard, the FBM Emas Index rose 65.46 points to 11,707.76, the FBMT100 Index increased 66.77 points to 11,378.12 and the FBM Emas Syariah Index jumped 101. ...