newszine

Trump poised for Supreme Court battle over financial records

3 hours ago NAMEX Comments Off on Trump poised for Supreme Court battle over financial records
WASHINGTON (Reuters) – The U.S. Supreme Court may have a conservative majority that includes two justices appointed by President Donald Trump, but his efforts to shield his tax returns and other financial records from scrutiny still face an uncertain future. FILE PHOTO: U.S. President Donald Trump departs for travel to Louisiana from the White House Read More

Delta predicts 2020 profit growth; CEO says more people turning to air travel

3 hours ago NAMEX Comments Off on Delta predicts 2020 profit growth; CEO says more people turning to air travel
CHICAGO (Reuters) – Delta Air Lines Inc (DAL.N) sees another annual rise in profit and revenue in 2020 driven by what Chief Executive Ed Bastian called a growing interest in air travel by consumers across the generational spectrum. FILE PHOTO: Delta Air Lines planes are shown parked at their gates at the airport in Salt Read More

Southwest Airlines reaches compensation agreement with Boeing

3 hours ago NAMEX Comments Off on Southwest Airlines reaches compensation agreement with Boeing
Dec 12 (Reuters) – Southwest Airlines Co said on Thursday it had reached a compensation agreement with Boeing Co for a portion of the projected financial damages related to the grounding of the 737 MAX aircraft. The U.S. airline said it would share the proceeds of about $125 million from Boeing with its employees. (Reporting Read More

UPDATE 2-Swiss National Bank indicates negative rates to stay for long haul

6 hours ago NAMEX Comments Off on UPDATE 2-Swiss National Bank indicates negative rates to stay for long haul
BERN (Reuters) – The Swiss National Bank remains wedded to its ultra-expansive monetary policy, indicating on Thursday that its negative interest rates would remain in place for the foreseeable future despite rising criticism in Switzerland. Swiss National Bank (SNB) Chairman Thomas Jordan, Governing Board member Andrea Maechler and SNB Vice-Chairman Fritz Zurbruegg attend a news Read More

U.S. watchdog finds $6.7 bln in questionable Medicare payments to insurers

6 hours ago NAMEX Comments Off on U.S. watchdog finds $6.7 bln in questionable Medicare payments to insurers
(Reuters) – A U.S. government watchdog is raising fresh concerns that health insurers are exaggerating how sick Medicare patients are, receiving billions of dollars in improper payments as a result. Health insurers selling Medicare Advantage plans to seniors and the disabled received an estimated $6.7 billion in 2017 after adding diagnoses to patients’ files that Read More

UPDATE 1-Vitol signs 10-year deal to buy Nigeria’s LNG from 2021

6 hours ago NAMEX Comments Off on UPDATE 1-Vitol signs 10-year deal to buy Nigeria’s LNG from 2021
LONDON (Reuters) – Commodities trader Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per year, ramping up its long-term presence on the market. Commodity houses, including Vitol rivals Trafigura and Gunvor, are increasingly expanding their traded spot cargo volumes with multi-year LNG deals as a Read More

Powell signals Fed open to adjusting regulations to keep money markets stable

9 hours ago NAMEX Comments Off on Powell signals Fed open to adjusting regulations to keep money markets stable
(Reuters) – Federal Reserve officials are looking into whether supervisory and regulatory constraints contributed to the recent rupture in money markets, Fed Chair Jerome Powell said on Wednesday, adding that officials were open to adjusting rules to help minimize volatility in the federal funds rate. FILE PHOTO: Federal Reserve Chair Jerome Powell holds a news Read More

UPDATE 1-Canada’s Encana files paperwork for shifting base to U.S.

9 hours ago NAMEX Comments Off on UPDATE 1-Canada’s Encana files paperwork for shifting base to U.S.
(Reuters) – Canadian oil and gas company Encana Corp on Wednesday filed paperwork with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities as part of a plan to shift its base to the United States. The Calgary-based company in October became the latest to decide to move away from Canada as the Read More

UPDATE 1-SoftBank-backed OneConnect slashes IPO by 28%, lowers target valuation

9 hours ago NAMEX Comments Off on UPDATE 1-SoftBank-backed OneConnect slashes IPO by 28%, lowers target valuation
(Reuters) – Ping An Insurance’s OneConnect Financial Technology on Wednesday downsized its planned U.S. initial public offering by 28% and lowered its target valuation, dealing yet another blow to its investor SoftBank (9984.T), which is still reeling from the fallout of WeWork’s failed listing. OneConnect set a price range of $9 to $10 per share Read More

Prosecution witness in Australian bank cartel case tells court there was no collusion

12 hours ago NAMEX Comments Off on Prosecution witness in Australian bank cartel case tells court there was no collusion
SYDNEY (Reuters) – A prosecution witness in an Australian criminal cartel case against Citigroup Inc (C.N) and Deutsche Bank AG (DBKGn.DE) testified he had just 30 seconds notice about an underwriting conference call and that there was no collusion. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference Read More