Top News & Analysis New York City

  • In preparation for the giant offer, bankers advising other large listings in Hong Kong have been careful to avoid planning their launches around that period, fearing that a clash of timing would crowd out their offerings. But not a word was mentioned by Alibaba on the Hong Kong listing when it released estimate-beating earnings on Thursday nor did the offer...

  • BOSTON/ NEW YORK, Aug 16- Activist investor Paul Hilal's Mantle Ridge LP has bought nearly 10% of Aramark's common stock to push for changes at the U.S. food services company, a regulatory filing showed on Friday. Based in Philadelphia, Aramark is a provider of food and uniforms to education, healthcare, business, sports and leisure establishments.

  • NEW YORK, Aug 16- Finding a buyer for Philadelphia Energy Solutions' oil refinery has grown urgent as the bankrupt company's funds dwindle and no signs emerge that it is winning a fight for insurance payouts after a June blaze at the plant, according to court documents and bankruptcy experts. At least three parties have potential proposals to buy the shut...

  • downgrade@ Aug 16- Most Latin American stocks rose on Monday, joining a rebound in global markets on hopes of fiscal and monetary stimulus in major economies, while Argentina was handed a fresh blow as Fitch downgraded its credit rating, pushing it deeper into junk territory. Stocks in the region, besides those in Argentina, gained between 2% and 0.4% as fiscal...

  • While all three major U.S. stock averages ended the session higher, they still logged their third consecutive weekly losses, having been rattled since Monday by growing U.S.- China trade animosity, simmering geopolitical tensions and signals from the bond market that sparked fears of impending recession. Germany's coalition government is willing to...

  • *OPEC sees bearish oil market for rest of 2019. The cartel also highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC- led pact to restrain supplies. "OPEC killed the golden goose," said Bob Yawger, director of futures at Mizuho in New York.

  • *U.S.- China trade war remains worry for investors. NEW YORK, Aug 16- Benchmark U.S. Treasury yields jumped after Der Spiegel magazine reported that Germany's right-left coalition government would be prepared to ditch its balanced budget rule and take on new debt to counter a possible recession.

  • NEW YORK, Aug 16- Technology shares led Wall Street's advance on Friday as a waning bond rally and news of potential German economic stimulus brought buyers back to the market at the close of a turbulent week. Germany's coalition government is willing to suspend its balanced budget rule and take on debt, according to Der Spiegel magazine, raising hopes that...

  • *OPEC sees bearish oil market for rest of 2019. The cartel also highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC- led pact to restrain supplies. "OPEC killed the golden goose," said Bob Yawger, director of futures at Mizuho in New York.

  • *Germany ready to take on new debt in case of recession- report. Aug 16- Wall Street's three main indexes rose more than 1% on Friday, clawing back some losses from a brutal selloff this week on hopes of more stimulus from central banks to perk up slowing growth. "Germany is now telling us that we are going to have to move forward and spend at a deficit in an effort to keep...

  • BUENOS AIRES, Aug 16- A collapse in Argentina's peso currency this week and soaring borrowing costs have fueled investors' concern that Latin America's third-largest economy is heading for another debt restructuring. The International Monetary Fund's next review of the country's $57 billion lending program on Sept. 15 should provide a sign of whether...

  • *FTSE lags slightly as technical problem delays open. Germany's DAX, pressured of late by fears of a slide into recession as trade tensions between the United States and China flare up, rose 1.3%, and German bonds came off lows after the report. "The market is appearing to have some confidence that Germany will actually conduct some amount of fiscal stimulus while...

  • NEW YORK, Aug 16- Finding a buyer for Philadelphia Energy Solutions' oil refinery has grown urgent as the bankrupt company's funds dwindle and no signs emerge that it is winning a fight for insurance payouts after a June blaze at the plant, according to court documents and bankruptcy experts. At least three parties have potential proposals to buy the shut...

  • *OPEC sees bearish oil market for rest of 2019. The cartel also highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC- led pact to restrain supplies. "OPEC killed the golden goose," said Bob Yawger, director of futures at Mizuho in New York.

  • *Stocks jump on growing expectations of central bank stimulus. NEW YORK, Aug 16- The dollar strengthened while U.S. and European stocks surged on Friday amid growing expectations the European Central Bank will cut interest rates to stimulate the economy and after China said it plans to boost disposable income to spur consumption. The euro pared some losses...

  • *Argentina's small economy soothes contagion worries. LONDON, Aug 16- Argentina's latest financial market shock has failed to swamp other emerging markets in the way its previous plunges have done- in part due to the increasing isolation of the country's credit and investments from the rest of the pool. This week's jolt initially sparked some debt and equity...

  • Wall Street's three main indexes are down at least 1.5% since last Friday, on track to rack up their third consecutive week of losses, as investors worried about the risk of recession and U.S.- China trade tensions. China's state planner said overnight that it would roll out a plan to boost disposable income this year and in 2020 to spur consumption as the economy...

  • Aug 16- Hopes of more official stimulus for the economy and the easing of a bond market rally put Wall Street on track to open sharply higher on Friday, as a bruising week for markets drew to a close. New York's three main indexes are down at least 2.4% since last Friday, racking up their third consecutive week of losses, as investors worried about the risk of recession...

  • Police respond to suspicious devices in Fulton St. subway station in New York on Aug. 16th, 2019.

    Authorities are looking to question a tall, thin white man seen pushing a shopping cart near the Fulton Street subway station, where two rice cookers were found Friday morning.

  • WINNIPEG, Manitoba/ CALGARY, Alberta, Aug 16- A recent unsolicited bid for Inter Pipeline Ltd has highlighted the potential of Canada's midstream companies to offer insulation from volatile oil prices. "The entire energy infrastructure space is significantly undervalued and under-appreciated," said Rob Thummel, senior portfolio manager at Tortoise Capital,...