The People's Bank of China (PBoC) eased short-term borrowing costs for banks on Thursday, a "strong signal" that a rate cutting cycle is near.» Read More
NEW YORK, Sept 12- Shares of Netflix Inc rose modestly in premarket trading on Friday after Barclays upgraded the online movie renter to "equal weight" from "underweight," citing the benefit of overseas expansion.
*Barclays shares up 1.4 pct, Aviva down 0.8 percent. LONDON, Sept 12- Barclays has appointed banking and insurance veteran John McFarlane as its new chairman to oversee the British bank's efforts to stamp out wrongdoing and improve performance. McFarlane, a Scot, will step down as chairman of British insurer Aviva and take the Barclays hot seat in April.
Investors and insiders have welcomed the appointment of banking and insurance veteran John McFarlane as the lender's new chairman.
SINGAPORE/ SYDNEY, Sept 12- The dollar set a fresh six-year high against the yen on Friday, continuing to draw strength as investors bet that the U.S. The dollar touched a high of 107.39 yen, its strongest level since September 2008, and last traded at 107.35 yen, up 0.2 percent from late U.S. trade on Thursday.
CARACAS, Sept 11- President Nicolas Maduro said Venezuela could meet all its obligations to bondholders, as he sought to quell market fears that the Socialist-run country may opt to default when $5 billion of its foreign debt falls due for repayment next month.
CARACAS, Venezuela— President Nicolas Maduro is reassuring foreign creditors that Venezuela's government will make good on a $4.5 billion foreign debt payment due next month.
JOHANNESBURG, Sept 10- South African conglomerate Bidvest on Wednesday appointed Barclays and Investec as advisers for a possible listing of its food business on the London Stock Exchange.
WASHINGTON, Sept 10- U.S. wholesale inventories barely rose in July, suggesting a slower pace of stock accumulation at the start of the third quarter that prompted economists to trim growth estimates. The Commerce Department said on Wednesday wholesale inventories edged up 0.1 percent, the smallest rise since July of last year, after a 0.2 percent gain in June.
Traders digested a study from the San Francisco Federal Reserve Bank released Monday that showed investors underestimated the speed at which the Fed might raise interest rates, ramping up concerns that the central bank could signal an earlier-than-expected rate hike at its next policy meeting on Sept. 16-17.
Credit Suisse and Barclays are the IPO's lead underwriters, the company said in a filing with the U.S. Securities and Exchange Commission. Performance Food markets and distributes food and food products to restaurants such as Subway, TGI Friday's, Wendys Co, and Yum Brands Inc as well as to hotels, schools, hospitals and other institutions.
Sept 9- Food distributor Performance Food Group Co filed with U.S. regulators on Tuesday to raise up to $100 million in an initial public offering of common stock. Credit Suisse and Barclays are the lead underwriters of the offering, the Richmond, Virginia- based company told the U. S Securities and Exchange Commission in a preliminary filing.
NEW YORK, Sept 9- Index provider Standard& Poor's and financial information services provider Markit Ltd have emerged as final bidders for Barclays Plc's index business, which could fetch more than $1 billion, according to people familiar with the matter.
Sterling plunged on fears over the outcome of Scotland's upcoming independence referendum and the Australian and Brazilian currencies also dropped.
LONDON, Sept 8- With returns on government bonds at rock-bottom prices, sovereign wealth funds are muscling into stock markets and other higher-yielding assets like real estate at a rate that private investors warn could destabilise the world economy.
European shares closed lower on Monday, with the decline led by the U.K.'s FTSE 100 after weak trade data from China.
A' yes' vote could easily derail the UK economic recovery. In the long run, "little reason why an independent Scotland could not prosper: there is no evidence to suggest that smaller countries are richer or poorer, on average.
LONDON, Sept 8- Banks use of so-called allowances to soften a European Union cap on bonuses could face a "coordinated policy response", the EU's financial services chief Michel Barnier has warned, prompting bankers to argue politicians should steer clear of pay.
*Rakuten shares fall 4.2 pct on concerns about acquisition. *Follows string of overseas purchases for Rakuten.
LONDON, Sept 8- Sterling dived to its lowest in nearly 10 months against the dollar on Monday after an opinion poll for the first time showed Scotland was ready to vote to break up its three-century-old union with the rest of the United Kingdom.
SYDNEY/ SINGAPORE, Sept 8- Sterling weakened to its lowest in nearly 10 months on Monday amid worries about political uncertainty after an opinion poll showed supporters of Scottish independence from Britain taking the lead for the first time since the referendum campaign began.