×

Top News & Analysis Phoenix

  • STOCKHOLM- Riksbank Deputy Governor Martin Floden talks about monetary policy and the economic situation- 0735 GMT. BERLIN- German Chancellor Angela Merkel, World Bank Group President Jim Yong Kim, German Finance Minister Wolfgang Schaeuble and Bundesbank President Jens Weidmann to attend Germany's G20 presidency. NEW YORK- Federal Reserve Bank of Dallas...

  • JOHANNESBURG- South African Finance Minister Pravin Gordhan will engage business leaders in a closed pre- World Economic Forum meet- 0800 GMT. STOCKHOLM- Riksbank Deputy Governor Martin Floden talks about monetary policy and the economic situation- 0735 GMT. BERLIN- German Chancellor Angela Merkel, World Bank Group President Jim Yong Kim, German Finance...

  • STOCKHOLM- Riksbank Deputy Governor Martin Floden talks about' The Search for Growth- The Financial System and the Real Economy'- 0815 GMT. BRUSSELS- European Central Bank President Mario Draghi gives introductory statement at the quarterly hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels- 1400 GMT.

  • STOCKHOLM- Riksbank Deputy Governor Martin Floden talks about' The Search for Growth- The Financial System and the Real Economy'- 0815 GMT. BRUSSELS- European Central Bank President Mario Draghi gives introductory statement at the quarterly hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels- 1400 GMT.

  • MONDAY, NOVEMBER 28 BRUSSELS- European Central Bank President Mario Draghi gives introductory statement at the quarterly hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels- 1400 GMT. BRUSSELS- European Central Bank Chief Economist Peter Praet speaks on "Challenges to economic integration at the European...

  • STOCKHOLM- Swedish Deputy Central Bank Governor Martin Floden talks about the advantages and disadvantages of negative interest rates- 0945 GMT. BRUSSELS- European Central Bank President Mario Draghi gives introductory statement at the quarterly hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels- 1400...

  • *Divestment among requirements to extend Freeport contract. Under a 2014 memorandum of understanding with the government, Freeport agreed to divest a 30 percent stake by 2019 and invest in domestic processing to win an extension of its contract beyond 2021.. The government already has a 9.36 percent stake in Freeport's Indonesian operations, and had hoped to...

  • TORONTO, Nov 23- Freeport-McMoRan Inc, the world's largest publicly listed copper producer, said on Wednesday it raised $1.5 billion in an equity offering, completing its plan to reduce debt with proceeds from asset sales and new equity. Freeport, which has sold mining and energy assets in deals worth $6.6 billion this year, said it can now meet its debt reduction...

  • STOCKHOLM- Riksbank Deputy Governor Cecilia Skingsley speaks on monetary policy, the current economic situation and on why there is a negative repo rate in Sweden- 1100 GMT. BRUSSELS- European Central Bank President Mario Draghi gives introductory statement at the quarterly hearing before the Committee on Economic and Monetary Affairs of the European...

  • LIMA, Nov 16- Freeport-McMoRan Inc said on Wednesday it had completed the $2.65 billion sale of its stake in the Democratic Republic of Congo's Tenke mine, as chief executive Richard Adkerson said in an interview that he hopes negotiations will resolve the state miner's opposition to the deal. Freeport, the world's largest publicly-listed copper producer,...

  • Low-cost giants like Malaysia's AirAsia and Indonesia's Lion Air have grown significantly in recent years and airlines in this category now control 60 percent of domestic traffic in parts of the region, according to planemaker Airbus. But Bill Franke, co-founder and managing partner of Phoenix- based Indigo Partners, said there was still a gap in Asia's...

  • NEW YORK, Nov 4- Bank of America Corp has been hit with a proposed class action accusing it of charging exorbitant fees to thousands of former Arizona prison inmates who were issued debit cards when they were released. Representatives of Bank of America and the Arizona Department of Corrections could not immediately be reached for comment.

  • Oct 26- Alphabet Inc is halting the rollout of its much-talked about high-speed internet service, Google Fiber, in some cities in the United States. Google had been expanding the service, which promises Internet speeds of up to 1,000 megabits per second, in several cities in the United States. The rollout of Google Fiber will be paused in Chicago, Dallas,...

  • The world's biggest publicly listed copper producer, which had a debt of $19 billion as of Sept. 30, unveiled in July a $1.5 billion share issue to help cut its debt and shift focus from its high-profile asset sales plan. Phoenix- based Freeport, which is under pressure from activist investor Carl Icahn, also cut a quarter of jobs in its oil and gas business in April and...

  • PHOENIX, Oct 24- In search of higher profits margins, Boeing Co is aiming to win more of the lucrative market for replacement parts and repair services, pitting the plane maker against major suppliers who view that growing $62 billion a year market as their turf. Boeing told Reuters it has added 35,000 parts to stocks it positions around the world to serve airlines...

  • For instance, Eric Knight's activist-oriented Knight Vinke Institutional Partners is up nearly 50 percent before fees this year, while the Russian Prosperity Fund, which picks stocks in the former Soviet Union and is led by Alexander Branis, has climbed 43 percent. Then there are Jason Mudrick's Mudrick Distressed Opportunity Fund and Phoenix Investment...

  • For instance, Eric Knight's activist-oriented Knight Vinke Institutional Partners is up nearly 50 percent before fees this year, while the Russian Prosperity Fund, which picks stocks in the former Soviet Union and is led by Alexander Branis, has climbed 43 percent. Then there are Jason Mudrick's Mudrick Distressed Opportunity Fund and Phoenix Investment...

  • WTI crude hit its highest since July 2015 after the Energy Information Administration said U.S. stockpiles fell by 5.2 million barrels in the week ended Friday, dashing analysts' expectations for a build. "We do expect better earnings and we are encouraged by good financial earnings recently with strong fixed income trading," said Jeff Kravetz, regional...

  • *US crude touches 15- month highs on surprise stockpile drop. NEW YORK, Oct 19- U.S. stocks were on track for its second straight advance on Wednesday, as a climb in oil prices buoyed the energy sector and earnings from Morgan Stanley helped lift financials. "We've seen earnings kind of trough, we are going to see better earnings and we are going to start to move from the...

  • TORONTO, Oct 14- Freeport-McMoRan said on Friday it will sell onshore California oil and gas assets to Sentinel Peak Resources California for up to $742 million, part of a push by the world's biggest listed copper miner to reduce its multi-billion dollar debt. Under the transaction with private energy company Sentinel Peak, Freeport said it will receive $592...