Nikkei rises to near 6-month high on strong US stocks; market prices in ...
TOKYO Oct 20 Japan's Nikkei share average rose to a near six-month high on Thursday taking cues from rising U.S. stocks, as investors priced in the outcome of the final U.S. presidential election debate, which a snap poll suggested was won by Democratic candidate Hillary Clinton.The Nikkei rose 1.4 percent to 17,235.50, the highest closing level since April 27. A CNN/ORC snap poll said 52 percent thought Clinton won the debate while 39 percent said her Republican rival Donald Trump was the vic..>> view originalJPMorgan in talks to sell out of Chinese securities JV
HONG KONG JPMorgan Chase & Co is in talks to sell out of a Chinese securities joint venture with First Capital Securities Co Ltd in what would be the first departure by a top-tier global investment bank from China's securities segment.Wall Street banks like JPMorgan hold only minority stakes in such ventures. The resulting lack of control and limited contribution to total revenue have brought banks frustration at a time when domestic competition has become acute.Almost all leading investment b..>> view originalCan This Woman Save Wells Fargo's Consumer Banking Business?
Mary Mack arguably has the hardest job in banking today. The head of retail banking at Wells Fargo & Co., Ms. Mack must change the sales culture at the scandal-scarred firm. To do so, she will have to figure out how to incentivize employees without spurring the kind of improper behavior that led to the bank’s $185 million fine, regulatory enforcement action and abrupt retirement of Chief Executive John Stumpf. In the wake...>> view originalAsian stocks follow US up, Mexican peso hits six-week high after debate
SINGAPORE Asian stocks advanced on Thursday, propelled by strong U.S. earnings and oil prices near a 15-month high, while the Mexican peso hit a six-week high after the final U.S. presidential debate before the Nov. 8 election.European shares were set to open flat to slightly higher, with financial spreadbetters predicting Britain's FTSE 100 and France's CAC 40 would start the day little changed and Germany's DAX would be up 0.2 percent. MSCI's broadest index of Asia-Pacific shares outside Ja..>> view originalThree Denver hotels in top 5 of Condé Nast Traveler's best in the West
Three hotels in the heart of Denver lead the pack in the latest Top Hotels in The American West by Condé Nast Traveler. Hotel Teatro came in at #1, The Art, a hotel in downtown Denver adjacent to the Denver Art Museum, was at #2 and The Oxford Hotel at #4. Hotel Teatro sits in a landmark that dates back to 1911 with modern touches in the 110-room hotel located steps from many attractions and boasting to be “the city’s only boutique hotel.” The Art, which opened in June 2015, incorporates cont..>> view originalNissan CEO Ghosn to head troubled Mitsubishi Motors
FILE - In this May 12, 2016 file photo, Nissan Motor Co. President and CEO Carlos Ghosn, right, and Mitsubishi Motors Corp. Chairman and CEO Osamu Masuko walk in the venue of their joint press conference in Yokohama, near Tokyo. Ghosn, CEO of Japan's Nissan Motor, is due to hold a news conference amid reports he will become chairman of Mitsubishi Motors, presiding over efforts to turn the troubled automaker around. The Brazilian-born Frenchman, who already heads Nissan and Renault, was to mee..>> view originalNestle: Sales Edge Up 1 Percent Despite Soft Pricing Market
GENEVA — Nestle has reported its sales for the first nine months of 2016 rose 1 percent, as the Swiss food and drinks giant focuses on volume growth at a time of soft pricing.The Vevey, Switzerland-based company behind Lean Cuisine, Stouffer's and Nespresso said sales rose to 65.5 billion Swiss francs ($66.2 billion), despite negative impacts from currency exchange and the net results of divestments and acquisitions.CEO Paul Bulcke hailed "broad-based growth," and said Nestle is working to b..>> view originalYes, Hillary Clinton's Tax Plan Would Add to the National Debt
Hillary Clinton may have just muttered the “No new taxes” line of the 2016 election. On Wednesday night at the third and final presidential debate, Clinton said that as president, she wouldn’t add a penny to the debt. That would make Clinton the first president since Jimmy Carter not to add to the debt–in other words, an unlikely scenario. On Tuesday, the non-partisan Tax Policy Center said that Clinton’s plan, which would raise taxes, would lower the debt by $1.4 trillion over the next decade...>> view originalYahoo wants the US to explain its email surveillance order
Yahoo has called on the US government to explain why it compelled the company to scan millions of its users' email accounts. Yahoo's call, outlined in a letter published on Wednesday, comes after a report from Reuters showed that the web company built a powerful surveillance system that scanned all incoming emails for a specific string of characters. Yahoo built the system at the request of the US government in 2015, according to Reuters. In a letter to James Clapper, the director of national i..>> view originalGlencore Sells Coal Rail Unit for $873 Million to Cut Debt
Glencore Plc, the world’s biggest commodity trader, sold its coal haulage unit in Australia to U.S. railroad operator Genesee & Wyoming Inc. for A$1.14 billion ($873 million) as part of a broader plan to almost halve its debt.The sale of the unit known as GRail forms a “significant part” of the debt-reduction program, the Baar, Switzerland-based trader and miner said in a statement Thursday. The sale price exceeds the company’s earlier target of A$1 billion for GRail, the third-biggest coal hau..>> view original
Thursday, October 20, 2016
Nikkei rises to near 6-month high on strong US stocks; market prices in ... and other top stories.
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