European Bonds Fall as Traders Try to Interpret Stimulus Signals
Euro-area bonds slid as investors weighed the prospect of the European Central Bank reducing its monetary stimulus, just as Federal Reserve officials are talking up the chances of higher interest rates in the U.S.While there’s skepticism that tapering is imminent, Antoine Bouvet, a rates strategist at Mizuho International Plc, said reports on how the ECB may pare monetary easing added to pressure on markets that were already being hurt by increased supply.Yields on Italy’s 10-year bonds surged ..>> view originalAmazon adds free ebooks to its Prime membership perks
Amazon has added a new perk to its $99-a-year Prime membership scheme: free comics, magazines, short stories, and ebooks. Announced today, Amazon Prime Reading gives US customers access to "over a thousand popular books," including The Hobbit, Harry Potter and the Sorcerer’s Stone, and The Man In the High Castle. Unlike the earlier Kindle Owner's Lending Library, these books can be read without Amazon hardware using the Kindle app on iOS and Android. It also covers magazines including National ..>> view originalTrade Deficit in U.S. Widens as Olympics Drive Imports Higher
The U.S. trade deficit unexpectedly widened in August, as higher imports of capital goods and record purchases of services from abroad overshadowed a gain in exports.The gap grew by 3 percent from the prior month to $40.7 billion, Commerce Department figures showed Wednesday in Washington. The median forecast in a Bloomberg survey of economists called for a deficit of $39.2 billion. Imports posted a 1.2 percent rise, while exports increased 0.8 percent.Services imports jumped by $1.5 billion to..>> view originalYahoo scanned all of its users' incoming emails on behalf of US intelligence officials
Reuters reported that Yahoo secretly built custom software to search through their users' incoming emails for a particular set of characters for the FBI and NSA. (Jhaan Elker/The Washington Post) This story has been updated. Yahoo in April of last year began secretly scanning the incoming emails of its hundreds of millions of users to comply with an order from the U.S. intelligence community, a move that prompted at least two company officials to leave, according to a former Yahoo employ..>> view originalTwitter Is Expected to Field Bids This Week
Twitter Inc. is expected to field bids this week, and Marc Benioff has been building a case to Salesforce.com Inc. investors and others that his company should be the buyer, according to people familiar with the matter. Mr. Benioff is looking to make a splashy acquisition that would secure for Salesforce a treasure trove of data as well as a prized consumer brand, according to the people. Mr. Benioff, whose recent approach to...>> view originalIMF warns of financial stability risks
Image copyright Getty Images The International Monetary Fund (IMF) has warned that risks to financial stability are growing. It warns about what it calls "medium-term" dangers in both emerging and developed economies, in its twice-yearly report.It expresses particular concerns about Europe, Japan and China. On a more positive note, the fund does say that short-term risks have abated since its previous assessment of global financial stability in April.Pressures on emerging markets have eased..>> view originalWorld Court Has No Jurisdiction in Nuclear Disarmament Case
THE HAGUE, Netherlands รข€” The United Nations' highest court on Wednesday rejected nuclear disarmament cases filed by the tiny Pacific nation of the Marshall Islands against Britain, India and Pakistan, saying it did not have jurisdiction.In a blow to disarmament activists, the International Court of Justice ruled that the Marshall Islands failed to prove that a legal dispute over disarmament existed between it and the three nuclear powers before the case was filed in 2014, and that "consequen..>> view originalEli Lilly's Elanco to acquire Boheringer Inghelheim's US rabies vaccine business for $885 million
Eli Lilly and Co. LLY, +0.69% unit Elanco U.S. Inc. has agreed to acquire Boehringer Ingelheim Vetmedica ..>> view originalADP: Businesses added disappointing 154K jobs last month
Hiring, including at job fairs like this one, has been solid this year, but job growth has slowed from its 2015 pace(Photo: Wilfredo Lee, AP)The private sector added 154,000 jobs in September, processor ADP said Wednesday, fueling speculation that the government this week will report a second straight month of tepid employment growth.Economists expected ADP to report 163,000 job gains. They expect the Labor Department’s closely watched survey, out Friday, to tally 174,000 additional jobs in the ..>> view originalMonsanto, Being Bought by Bayer, Reports Better-Than-Seen Results
Updated Oct. 5, 2016 9:27 a.m. ET Monsanto Co. MON 0.75 % swung to an unexpected adjusted profit in the most recent quarter as revenue grew more than anticipated, and the biotech-seed company reiterated its commitment to its takeover by Bayer AG BAYRY 0.86 % , though it offered a tepid outlook for the current year. The results come after the U.S. seed maker last month agreed to sell itself to Bayer in a $57 billion deal creating one of the world’s largest agrochem..>> view original
Monday, October 10, 2016
European Bonds Fall as Traders Try to Interpret Stimulus Signals and other top stories.
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