Greece’s government is sticking to its non-negotiable “red lines” on labour and pension issues and expects its EU and IMF creditors also to make concessions to reach a deal, the government spokesman said on Thursday. Greece’s new leftist government has said further cuts to pension payments and reforms making it easier to fire workers in the private sector are among “red lines” it will no cross. “There should not be
U.S. bank Citigroup (C.N) is targeting market-share gains in equities in 2015, its European head of equities told Reuters, pointing to fresh technology investment and new hires as financial-market trading picks up. The comments echo a more optimistic stance from trading desks at global investment banks after a bumper quarter boosted by the European Central Bank’s announcement of a bond-buying scheme to spur growth. They contrast with last year’s more
Federal Reserve Chair Janet Yellen on Wednesday pointed to high valuations in the stock market and said the central bank needs to keep close tabs on the non-bank lending sector.
Despite reports that Microsoft is interested in buying Salesforce.com, Oracle is still the most likely buyer, analysts said Wednesday.
The Blackstone CEO tells Yahoo Finance explains his take on the U.S. economy and why his company’s returns have outpaced the market.
Former Chief Economic Adviser to Vice President Biden, Jared Bernstein, says the new trade deals are unlikely to create growth because the White House missed an opportunity to impose currency discipline.
U.S. companies hired in April at the slowest pace in nearly a year and a half, a private survey found, as the strong dollar dragged down overseas sales and energy companies cut back on spending in the …
Private payrolls increased 169,000 last month, the ADP National Employment Report showed. While it has a poor track record of predicting nonfarm payrolls, the ADP report poses a downside risk to economists’ expectations for nonfarm payrolls growth of 224,000 in April.
Oil prices rose more than a dollar to 2015 highs on Wednesday, as a month-long rally gained further impetus from a fall in U.S. crude stocks and conflict in the Middle East. “We haven’t seen hedge funds and money managers to be as optimistic and bullish as they are currently,” said Vyanne Lai, an oil analyst with National Australia Bank. Industry group the American Petroleum Institution (API) said on Tuesday
Complex macro concerns on Wall Street are getting boiled down to a single number – 2080.
