Almost everyone thinks the Volcker rule is negative for bank stocks. Not Jim Cramer.» Read More
Yahoo Japan Corp outperformed the market, soaring as much as 6.6 percent to a 7 1/ 2- year high after JPMorgan started its coverage at' overweigh.' The gains built on a rally over the past two days of more than 10 percent after Goldman Sachs added it to its' conviction buy' list.
*Gree surges to 10- month high on Goldman Sachs upgrade. *Mixi untraded with glut of sell orders. Bucking the weakness, internet gaming firm Gree Inc surged 20 percent and was the most traded stock by turnover and was the biggest percentage gainer after Goldman Sachs upgraded its rating to' neutral' from' sell'.
MEXICO CITY, Dec 10- Mexico's Senate on Tuesday debated a landmark energy overhaul bill at the center of President Enrique Pena Nieto's economic reform drive, after the country's two biggest political parties hammered out a draft presented over the weekend.
WASHINGTON, Dec 10- U.S. banks will no longer be able to make big trading bets with their own money after regulators finalized on Tuesday a rule shutting down what was a hugely profitable business for Wall Street before the credit crisis.
Bank of America Corp. fell$. 02 or. 1 percent, to $15.56. Citigroup Inc. fell$. 37 or. 7 percent, to $51.74. Goldman Sachs rose $2.06 or 1.2 percent, to $169.73.
TOKYO, Dec 11- During the early days of "Abenomics," U.S. businesses were optimistic they could convince Japan's government to make a small change to the nation's tight immigration rules to let more household helpers into the country.
Dec 10- Fourth-quarter capital markets and underwriting revenues this quarter are running slightly below results from a year ago, Citigroup Inc Chief Financial Officer John Gerspach said on Tuesday. Citigroup, the third-biggest U.S. bank by assets, is expected to report fourth-quarter and full-year results in the middle of January.
WASHINGTON, Dec 10- U.S. regulators toughened key sections of the Volcker rule's crackdown on Wall Street's risky trades on Tuesday as they finalized one of the harshest reforms after the credit meltdown.
WASHINGTON, Dec 10- Wall Street banks will need to prove to regulators that certain trades are done on behalf of clients and are not veiled speculative bets as part of the final Volcker rule that U.S. officials plan to adopt on Tuesday, a senior regulator said.
WASHINGTON, Dec 10- U.S. regulators are set on Tuesday to approve a rule to rein in risky trading by banks, a crucial part of their efforts to reform Wall Street and prevent another costly taxpayer bailout.
*Nikkei slips a day after posting best one-day rise in 3 months.
Bank of America Corp. rose$. 02 or. 1 percent, to $15.58. Citigroup Inc. rose$. 62 or 1.2 percent, to $52.11. Goldman Sachs rose$. 46 or. 3 percent, to $167.67.
NEW YORK, Dec 9- Economic growth in developed economies will accelerate next year and investors should buy U.S. stocks, partly on the likelihood that central banks' monetary policies will remain accommodative, Goldman Sachs strategists said on a webcast Monday.
Bank of America Corp. rose$. 02 or. 1 percent, to $15.58. Citigroup Inc. rose$. 68 or 1.3 percent, to $52.17. Goldman Sachs rose$. 63 or. 4 percent, to $167.84.
Bank of America Corp. rose$. 07 or. 4 percent, to $15.63. Citigroup Inc. rose$. 89 or 1.7 percent, to $52.38. Goldman Sachs rose $1.47 or. 9 percent, to $168.68.
What's the theme for 2014? It's still murky, but I'm increasingly warming to the idea of a synchronized but low-key global recovery.
Dec 9- Sysco Corp said it would buy rival US Foods Inc for about $3.5 billion and assume about $4.7 billion in debt to cement its position as the biggest U.S. food distributor, driving up Sysco's shares 30 percent before the bell.
TOKYO, Dec 9- Japan's Nikkei climbed 2.3 percent on Monday, its best one-day gain in three months, spurred by a slide in the yen after an upbeat U.S. jobs report raised expectations the Federal Reserve will soon begin removing its stimulus.
HONG KONG/ SYDNEY, Dec 9- Bankers in Australia have much to cheer this Christmas as fees from underwriting IPOs surge 10- fold this year, and many are now betting on an equally active year in 2014 as a slew of private equity exits keep the market busy.
The week ahead is likely to see focus return to the outlook for China's economy, with a slew of economic data lined up for release.