U.S. Is Said to Demand Steel Tracking in Nafta Push on Autos
The fake news keeps in Mexico
SEMPRA’S MEXICAN UNIT IENOVA SELLS SHARES TO FUND EXPANSION The Mexican unit of Sempra Energy raised around $1.43 billion in a capital increase and will use the money to pay for recent acquisitions in the gas and electricity sectors, the company said Friday.
INVESTORS MAY BE MISJUDGING U.S. ELECTION VOLATILITY Stock investors jolted by the volatility spike after the British referendum are overlooking the potential for another shock from the U.S. election, Wall Street analysts say.
HERSHEY CEO J.P. BILBREY TO STEP DOWN Hershey’s Chief Executive J.P. Bilbrey is stepping down, following months of failed negotiations to sell the candy company to Mondelez.
PNC PROFIT SLIPS BUT STILL TOPS EXPECTATIONS PNC’s profit fell in the third quarter even as revenue grew, as a key metric of lending profitability remained steady even with last year’s Fed rate increase.
CANADIAN HOME SALES RISE IN SEPTEMBER Sales of existing homes in Canada rose in September, ending four months of declines, while average prices continued to climb largely due to activity in Vancouver, British Columbia and the Toronto area.
U.S. PRODUCER PRICES ROSE 0.3% IN SEPTEMBER The producer-price index for final demand, measuring changes in the prices that U.S. companies receive for their goods and services, increased 0.3% in September compared with the prior month, a sign inflation could be poised to firm slightly.
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GOLDMAN SACHS WINS LEGAL BATTLE WITH LIBYAN WEALTH FUND Goldman Sachs won a lawsuit in which Libya’s sovereign-wealth fund sued the U.S. investment bank for $1.2 billion to cover losses from derivatives it bought in 2008, a High Court judge in London ruled.
U.S. RETAIL SALES RISE 0.6%, POINTING TO CONFIDENT CONSUMERS U.S. retail sales rebounded in September, a sign that consumers will continue to support economic growth during the second half of the year, though growth in household spending has slowed since the spring.
U.S. CONSUMER SENTIMENT FALLS TO ONE-YEAR LOW Americans’ outlook for the economy darkened this month, particularly among middle- and lower-income households, suggesting growing anxiety a month before the presidential election.
U.S. STOCKS CLIMB ON STRONG BANK EARNINGS U.S. stocks rose Friday, led by gains in financial shares as better-than-expected earnings reports from three big U.S. banks and a rise in retail sales lifted investor hopes for a rebound in corporate profits.
CITIGROUP’S REVENUE AND PROFIT FALL, BUT STILL TOP EXPECTATIONS Citigroup said Friday that third-quarter profit and revenue were down, but results were still better than what analysts had predicted.
J.P. MORGAN RESULTS BEAT ESTIMATES, DRIVEN BY INVESTMENT BANK J.P. Morgan said a record third quarter for its investment bank helped propel profit far above expectations. Shares rose in premarket trading.
WELLS FARGO PROFIT SLIPS AS BANK BATTLES TO RESTORE REPUTATION Wells Fargo said its third-quarter profit fell as the nation’s third-largest bank continues to battle outrage over a sales-tactics scandal that led to the departure of CEO John Stumpf this week.
Retweeted Edward Snowden (@Snowden):
CNH cambia bases de licitación para asociación con Pemex en Trión
Citigroup reporta caída de 8% en utilidades en 3T
CNBC, Sky lanzarán canal en México de corte financiero
EUROZONE EXPORTS ROSE IN AUGUST, EASING BREXIT FEARS The eurozone’s trade surplus with the rest of the world widened in August for the first time since April, a fresh sign that the U.K.’s decision to leave the EU has had little immediate impact on growth across the continent.
GERMAN UTILITIES TO PAY EUR23.6B FOR NUCLEAR WASTE DISPOSAL German atomic power utilities will need to pay the government 23.6 billion euros ($26.04 billion), plus interest, to finance the disposal of nuclear waste, according to a draft law viewed by Dow Jones Newswires.
HANJIN REACHES OUT TO EUROPE SHIPPING GIANTS TO SELL SHIPS Debt-ridden Hanjin Shipping will reach out to major European shipping companies as early as this week to tap interest for at least five of its vessels as it tries to raise funds to unload stranded cargo, pay off creditors and re-emerge as an Asia regional carrier, people involved in the matter said.
FREEPORT-MCMORAN SELLS CALIFORNIA ONSHORE BUSINESS Freeport-McMoRan has agreed to sell its onshore California oil and gas properties to Sentinel Peak Resources California for $592 million in cash.
UNICREDIT NEARS SALE OF PARTIAL STAKE IN POLAND’S BANK PEKAO Italy’s UniCredit SpA has agreed on key parameters to sell the bulk of its controlling interest in one of Poland’s largest banks to state-controlled Polish insurer PZU SA for nearly $3 billion, people familiar with the matter said Friday.
UNICREDIT NEARS SALE OF PARTIAL STAKE IN POLAND’S BANK PEKAO
DEUTSCHE BANK’S TOP INVESTOR, QATAR, EXPRESSES CONCERN Deutsche Bank’s biggest shareholders, investment vehicles controlled by the Qatari royal family, have expressed concern about the threat of legal fines against the bank.
VIACOM SAYS IT HIRED ADVISERS FOR POSSIBLE CBS DEAL Viacom said Friday it has hired financial advisers to help evaluate a potential deal to merge with CBS.
BELGIUM REGIONAL PARLIAMENT REJECTS EU-CANADA TRADE DEAL One of Belgium’s five regional parliaments voted against the European Union’s planned trade deal with Canada-the second of the country’s regional assemblies to reject the deal this week.