Wires

  • Dec 8- Macau is preparing to slash in half the amount of cash China UnionPay card holders can withdraw from ATM machines in the world's largest gambling market, the South China Morning Post reported on Thursday, citing a finance industry source. Macau accounts for a substantial portion of U.S. casino operators' annual revenue. Curbs on the daily cash withdrawal...

  • WASHINGTON, Dec 8- Andrew Ceresney, U.S. Securities and Exchange Commission's policeman of Wall Street, will be departing the agency at the end of December, joining other top officials who are leaving before Donald Trump is sworn in as president in January. Ceresney is now the seventh top official at the SEC to announce plans to depart since Donald Trump won the...

  • "All Bloomberg functionality has now been restored to all users," the company said on www.bloombergstatus.com, to alert users of the status of the issues. As of October, there were 325,000 Bloomberg terminals worldwide. Financial services professionals get real-time news and data on Bloomberg terminals.

  • Dec 8- Macau was preparing to slash in half the amount of cash China UnionPay bank card holders can withdraw from ATM machines in the city, the South China Morning Post reported, citing a finance industry source, sending shares of U.S. casino operators down. Macau accounts for a substantial portion of U.S. casino operators' annual revenue. The move would cut the daily...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • NEW YORK, Dec 8- U.S. ECB President Mario Draghi, however, said the unexpected move was not an outright winding-down of the central bank's quantitative easing program, as policymakers would like to see evidence of a sustained pickup in inflation in Europe. "It's not what the market had expected and hoped for, but he left the door open," said Kevin Giddis, head of fixed...

  • NEW YORK, Dec 8- The euro dropped over 1 percent on Thursday after the European Central Bank cut the size of its asset purchase program but extended it longer than many had expected. "They are still going to buy a lot," said Steven Englander, global head of foreign exchange strategy at Citigroup in New York. "It didn't help the euro was at the highs; we had a clearing of euro...

  • Dec 8- Short seller Citron's Andrew Left has turned his sights on Express Scripts Holding Co, calling the pharmacy benefit manager the "culprit behind pharmaceutical price gouging." Shares of Express Scripts, the largest PBM in the United States, fell as much as 8.8 percent to $69.20. President-elect Donald Trump, in a Time magazine article on Wednesday, said he...

  • NEW YORK, Dec 8- Oil rebounded from the week's lows to close above $50 a barrel on Thursday, on growing optimism that non-OPEC producers might agree to cut output following a cartel agreement to limit production. Both Brent and U.S. benchmarks rallied after comments by the former secretary general of the Organization of the Petroleum Exporting Countries...

  • SAO PAULO, Dec 8- Sérgio Clemente has left his post as senior vice-president for wholesale banking at Banco Bradesco SA, Brazil's No. 3 listed bank, a spokeswoman said on Thursday. His responsibilities will be taken over by Marcelo Noronha, the bank's vice-president of cards and marketing, the representative added. Marlene Morán also left her position as...

  • ANKARA, Dec 8- Iran's President Hassan Rouhani said on Thursday that members of OPEC should work together to secure implementation of a deal reached last month aimed at stabilizing the oil market, Iran's state TV reported. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • ANKARA, Dec 8- Iran's President Hassan Rouhani said on Thursday that members of OPEC should work together to secure implementation of a deal reached last month aimed at stabilizing the oil market, Iran's state TV reported. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Dec 8- Major U.S. stock indexes climbed again on Thursday and set fresh record highs, bolstered by data showing U.S. labor market strength, as a month-long rally since the presidential election of Donald Trump rolled on. Investors have driven up equities since Trump's Nov. 8 election over optimism about domestic economic stimulus and reduced corporate taxes and...

  • BOSTON, Dec 8- Dupont Chief Executive Ed Breen said on Thursday the incoming administration of U.S. While Trump was critical of other large mergers during the campaign, Breen said many U.S. Justice Department officials reviewing the merger are career employees. We're very far down the road, "Breen said in an interview after speaking to the Boston College Chief...

  • WWE, the $1.5 billion company known for big personalities and outrageous story lines, wants its Chinese wrestlers to be the next television sensation in China, a market where other U.S. media companies have faltered. WWE hopes to succeed where others have failed, by bringing its own WWE Network online streaming service- currently available in 180 countries- to...

  • NEW YORK, Dec 8- Bond yields rose and the euro dipped on Thursday after the European Central Bank said it would slow its stimulus program from April, while Wall Street extended the previous session's gains. However, initial market reaction was tempered after ECB President Mario Draghi said it was not an outright winding-down of quantitative easing, as...

  • Long-term U.S. mortgage rates climbed for the sixth straight week in the aftermath of Donald Trump's election win, marking new highs for the year.

  • IRAN'S ROUHANI SAYS COOPERATION NEEDED TO SECURE IMPLEMENTATION OF DECISIONS MADE IN VIENNA, ALGERIA- TV.

  • IRAN'S ROUHANI SAYS COOPERATION OF OPEC MEMBERS TO REVERSE OIL PRICE SLUMP- TV.