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ICE profit drops 27% on weak growth in transaction and clearing unit

Intercontinental Exchange Inc , which owns the New York Stock Exchange, reported a 27% fall in fourth-quarter profit on Thursday, hurt by muted growth in its transaction and clearing business.



5 years ago

There actually is a time to dump stocks and move to cash, some experts say

With stocks zigzagging and continued volatility expected, investors may wonder whether they should jump out of the market — whether permanently or for a while. Here's some advice from experts.

5 years ago

China tariff cut set to power Wall Street to record highs

Wall Street's main indexes were set to hit record highs at the open on Thursday as China's plan to chop additional tariffs on some American goods by 50% helped ease fears over the financial fallout of the coronavirus epidemic.



5 years ago

How Chinese tariffs on U.S. imports will stand after February 14 cuts

China is preparing to halve the extra tariffs on U.S goods that went into effect last September, including on crude oil, soybeans, pork and beef.



5 years ago

Yum Brands misses same-store sales, profit estimates as Pizza Hut battles rivals

Yum Brands Inc reported quarterly same-store sales and profit that missed market expectations on Thursday, as sales at its Pizza Hut chain in the United States were hurt by stiff competition.



5 years ago

Oil prices slip as OPEC+ considers coronavirus action

Oil futures gave up early gains on Thursday despite potential action from the OPEC+ group of producers to counter an expected fall in oil demand as a consequence of the coronavirus outbreak.



5 years ago

AB InBev gets relief against New Delhi sales ban

A tribunal in New Delhi has put on hold a sales ban imposed last year on Anheuser-Busch InBev , an order seen by Reuters showed, allowing the world's largest brewer to resume sales of its beer products in the city for now.



5 years ago

U.S. productivity rebounds in fourth quarter; labor costs growth slows

U.S. worker productivity rebounded in the fourth quarter, keeping labor costs in check.



5 years ago

Swiss investor adviser calls for Credit Suisse chairman to go

Prominent Swiss investment adviser Ethos Foundation has called on Credit Suisse Chairman Urs Rohner to step down to take responsibility for the Swiss bank's spying on executives.



5 years ago

Exclusive: Prudential eyes full control of China venture, considers U.S. options

Prudential is in talks that could lead to it taking full control of its 50:50 joint venture with China's CITIC and is considering selling some or all of its U.S. business to sharpen its focus on Asia, a source told Reuters.



5 years ago

UK: Open Finance: The FCA Consults On How To Transform The Financial Services Market

Hogan Lovells | James Black and Neelam Hundal | Jan 22, 2020 The UK Financial Conduct Authority (FCA) is consulting on the opportunities and risks presented by open finance, building on the progress and success of open banking. The consultation is relevant not only to banks and payment institutions, but to a very broad cross-section

5 years ago

Do you want to save on your 2019 taxes? Then grab these last-minute opportunities

We're in the early weeks of tax season, but if you're willing to do a little legwork, you can still trim your 2019 tax bill. Here's where to look.

5 years ago

S&P 500, Dow ease from record highs after three-day rally

The S&P 500 and Dow Jones Industrials indexes eased from their record highs on Thursday, as investors took a breather after a stellar run this week on waning worries about the economic damage from the coronavirus epidemic.



5 years ago

FFCON20: RISE Event Challenges, Grows Canadian Fintech Industry

Global NewsWire | FFCON Team | Feb 6, 2020 TORONTO, Feb. 06, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – The sixth annual Fintech & Funding Conference and Expo (RISE) convenes on March 23–24, 2020, in Toronto. The must-attend, two-day gathering features a fintech challenge, industry workshops, invaluable pitching, prime networking and a global education. Co-hosted

5 years ago

FAA's Dickson says regulators seem set to agree on 737 MAX design fix

U.S. Federal Aviation Administrator Steve Dickson said on Thursday international air safety regulators were likely to agree on the design fixes needed to return the Boeing 737 MAX aircraft to service.



5 years ago