GO
Loading...

Wires

More

  • NEW YORK— Susan Bernardo trusted her stockbroker. Her broker, David Harris, advised her to sell $400,000 worth of relatively safe municipal bonds, she says, and sink the proceeds into real estate and energy partnerships in hopes of earning more income. "I thought,' OK, someone is watching over me,'" says Bernardo, now 57, of Wantagh, New York.

  • 4 tips to avoid getting fleeced by your broker Monday, 30 Mar 2015 | 3:01 AM ET

    Can your broker or adviser be trusted? There is no way to be 100 percent certain, but far too many investors don't even take a few simple steps to protect themselves. Here are four key ones, and tips for finding the answers.

  • BEIJING, March 30- It is critical for China to move towards a more market-determined exchange rate, U.S. The U.S. supports China's efforts to transform its economy to relying more on domestic demand, he said during a meeting with China's vice premier Wang Yang, while the United States looks forward to China deepening its financial reforms. "It is critical that China...

  • KIEV, March 30- Ukrainian state-run energy firm Naftogaz said on Monday it had proposed to Russian gas producer Gazprom that its current gas supply agreement be extended until April 1, 2016, and that it was ready to discuss the proposal. "Naftogaz welcomes the proposal by the European Commission to extend the so-called' winter package' until the end of the next...

  • ALBUQUERQUE, N.M.— A pipeline project intended to bring billions of gallons of water a year to a drought-stricken section of eastern New Mexico represents a lifeline to parched communities that are quickly running out of water. Others call for piping water from Lake Powell to southeastern Utah and for taking water from Wyoming across Colorado's Front Range...

  • TOKYO, March 30- Japan's Nikkei share average rose in choppy trade on Monday as investors bought back stocks on dips after the index tumbled last week, but energy shares underperformed as oil prices extended their losses. The Nikkei benchmark rose 0.7 percent at 19,411.40 after being in negative territory earlier. Oil shares fell, with Inpex Corp dropping 2.5...

  • SINGAPORE, March 30- Oil prices fell on Monday as the market focused on whether Iran and six world powers would reach a deal that could add fuel to an already oversupplied market if sanctions against Tehran are lifted. "Any relaxation of Iran oil sanctions could see increased exports adding to swelling global supplies and further pressuring prices," ANZ said on...

  • SYDNEY, March 30- Australian Treasurer Joe Hockey hinted on Monday at changes that could force digital companies like Apple Inc, Google Inc, Alibaba Group Holding and Uber to pay more tax on transactions that take place in Australia. Up for discussion are a cut to Australia's corporate tax rate, a broadening of the goods and services that are included in the GST and...

  • BEIJING, March 30- Activity in China's factory sector likely contracted for a third straight month in March, a Reuters poll showed, reinforcing expectations that Beijing will have to step up policy easing to support economic growth that may be on the verge of dipping below 7 percent. The flash HSBC/ Markit PMI released last week showed factory activity...

  • *Confident of recovery this year- Industry Ministry official. BANGKOK, March 30- Thai factory output unexpectedly rose in February from a year earlier, ending a 22- month streak of falls and giving some hope of improvement in the beleaguered economy. The Industry Ministry said output in Southeast Asia's second-largest economy in February rose 3.55 percent...

  • LAUNCESTON, Australia, March 30- It's somewhat ironic that as Australia ramps up to being the world's biggest exporter of liquefied natural gas, domestic industries are under threat from not being able to source the fuel. A combination of new LNG plants, exploration moratoriums and a successful anti-gas campaign means that industry and residential users in...

  • ZURICH, March 30- Switzerland's Dufry plans to raise around 3.6 billion euros through a mixture of debt and equity financing for its planned takeover of Italy's World Duty Free, Dufry said on Monday. The company expects to raise at least 2.1 billion euros through a rights issue, and up to 1.5 billion euros via long-term debt instruments. On Saturday, Dufry said it...

  • TOKYO, March 30- Japan's government is considering raising income taxes for the wealthy and increasing the inheritance tax if it looks unlikely to reach its goal of returning to a primary budget surplus in 2020, government sources said. Prime Minister Shinzo Abe's government plans to raise the nationwide sales tax to 10 percent from 8 percent in April 2017 to...

  • HONG KONG, March 30- Italian luxury goods company Prada SpA reported its first drop in annual net profit since it listed in Hong Kong four years ago, as growing retail sales in the Americas and Japan failed to offset declines in Greater China and Europe. Like other luxury goods makers, Prada has seen weaker sales in China and Hong Kong amid a government crackdown on...

  • *Shanghai, Hong Kong stocks lead on stimulus hopes. SYDNEY, March 30- Asian stock markets rose on Monday, with China stocks nearing a seven-year peak on hopes for more infrastructure spending and policy stimulus, while oil prices suffered further from excess supply. The Hang Seng China Enterprises Index also added 3.5 percent after China allowed mainland mutual...

  • NEW YORK— The last ever Passover matzos have rolled out of a century-old bakery on Manhattan's Lower East Side— a neighborhood that's been dubbed the "Jewish Plymouth Rock" but is rapidly gentrifying. "For decades, immigrant Jews and their descendants have made' pilgrimages' back to the Lower East Side— the Jewish Plymouth Rock— to reconnect with their history, and of...

  • JGBs slip in volatile trade before fiscal year-end Monday, 30 Mar 2015 | 1:03 AM ET

    TOKYO, March 30- Japanese government bond prices slipped across the board on Monday in volatile trade as investors closed their books before the March 31 domestic fiscal year-end. Traders said liquidity, already low due to the Bank of Japan's regular debt buying operations, has dried up further as many investors opted for the sidelines before the fiscal...

  • NEW YORK, March 30- Private equity firm Warburg Pincus LLC has told investors it will seek to raise a new $12 billion global fund, just two years after amassing a $11.2 billion fund, according to people familiar with the matter. The fundraising comes as other private equity firms such as Blackstone Group LP and Silver Lake Partners LP take between four to six years...

  • NEW YORK, March 30- Fidelity Investments, a major investor in DuPont, has put pressure on activist fund Trian Fund Management LP and the chemical conglomerate to reach a settlement in what it sees as a detrimental proxy fight, according to people close to the matter. Fidelity, whose 2.5 percent stake makes it DuPont's sixth largest shareholder, has not publicly...

  • *Infrastructure stocks surge on China's Modern Silk Road plan. SHANGHAI, March 30- China stocks jumped nearly 2 percent to near seven-year-highs and Hong Kong shares also rose sharply on Monday after Beijing unveiled details of an ambitious plan to construct a modern Silk Road to improve links from Asia to Europe and Africa. The Hong Kong China Enterprises...