Latest news for BlackRock Global Allocation Inv A(MDLOX) (See analysis on MDLOX)
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Saturday February 13th 2016: Latest financial news from the worldDijsselbloem rejects calls for looser banking rules
Eurogroup chairman Jeroen Dijsselbloem rejected calls for banking union regulations to be loosened after weeks of falling bank shares, saying new European bail-in rules had caused investors to look "more critically" at risks born by banks. Speaking on Dutch radio on Saturday, Dijsselbloem, who is also the Dutch finance minister, said stricter rules imposed in the wake of the 2007 financial crisis that would restore confidence in banks. The Stoxx Eurozone Banks Index has fallen more than 25 percent since the beginning of the year, prompting policymakers including Bank of Italy governor Ignazio Visco to call for a more gradual introduction of rules that place the burden of propping up failing banks on investors.
Late-day buying could be start of turnaround
The S&P 500 is down about 13 percent from its record high in May, as oil remains mired below $30 a barrel, while concerns about stability among banks and uncertainty about the U.S. Federal Reserve's path of rate hikes have pushed investors away from risk assets. Jack Ablin, chief investment officer at BMO Private Bank in Chicago, views that as a positive sign. "My suspicion is that you are seeing institutions nibble at extremely compressed valuations," said Peter Kenny, equity market strategist at Kenny & Co LLC in Denver.
Apple to launch new iPhone, iPad in March: 9to5mac
(Reuters) - Apple Inc is on target to introduce its next iPhone and iPad models on March 15, and aims to start selling the devices in the same week, technology blog 9to5Mac reported, citing sources. Apple, which will introduce a new 4-inch iPhone, dubbed the "iPhone 5se", and a new iPad Air at a launch event, is unlikely to take pre-orders for the new devices, the blog reported. The technology giant has hit a trough in iPhone demand.
China Lunar New Year holiday retail sales up 11.2 percent year-on-year
Tougher lending standards pose risk to outlook for Fed
A recent tightening of credit for U.S. companies is threatening to undermine economic growth, making it less likely the Federal Reserve will raise interest rates anytime soon. Fed Chair Janet Yellen said this week it was still too soon for the central bank to change its view that rate hikes are needed, a position supported by a still-robust pace of hiring that is helping consumers borrow more readily. "Financial conditions are tightening the Fed's belt," Deutsche Bank, which expects one rate increase this year, said in a note to clients on Friday.
Greek PM says differences between lenders delaying bailout review: paper
Greek Prime Minister Alexis Tsipras said on Saturday that differences between the country's international lenders over its pension reform plans are delaying the first review of its latest financial bailout. The government has faced widespread protests over its reform plans however, as austerity-weary Greeks push back against yet more cuts to the country's welfare system. "There are differences among the lenders on Greece's pension reform that are delaying the whole process," Tsipras said without elaborating, in an interview in the newspaper "Sunday's Avgi" released on Saturday.
U.S., UK likely to charge multiple banks in Libor rigging: WSJ
American and British regulators are likely to charge several banks with rigging interest rates, including Citigroup, the third-largest U.S. bank, and London-based HSBC Holdings, the Wall Street Journal reported on Friday. The U.S. Commodity Futures Trading Commission and the U.K. Financial Conduct Authority were preparing a final round of civil charges against the banks for rate manipulation in the Libor scandal, the newspaper reported, citing people close to the investigation. The Journal said the CFTC was still investigating J.P. Morgan Chase, the largest American bank by assets, but that may not lead to charges.
Loeb says Third Point raised short bets to avoid losses
Billionaire investor Daniel Loeb has told clients his firm has taken more defensive bets in the face of tumbling markets by dramatically increasing its short positions, which helped Third Point avoid "calamitous" losses last year. The fund manager also said the firm cut stakes in companies that were exposed to China and commodity prices, which have fallen sharply. Loeb, whose $17.5 billion hedge fund has delivered an average return of 16.2 percent a year over the last two decades, did not mince words in his assessment of tumbling markets.
Exclusive: Boeing nears decision to self-fund more F/A-18 fighters
Boeing Co is nearing a decision to invest "a significant amount" to keep a F/A-18E/F fighter jet production line in St. Louis running as it waits for the U.S. government to approve a delayed order by Kuwait for 28 jets, a senior executive said. Dan Gillian, who runs Boeing's F/A-18E/F and EA-18G electronic attack jet programs, told Reuters the company would decide in coming weeks whether to buy titanium and other materials needed to start work on the jets, even before the Kuwait deal and potential U.S. Navy orders are finalized. Delays in orders for the jets mean Boeing must decide whether to invest hundreds of millions of dollars into the F/A-18 program, even as its commercial division faces job cuts and a federal investigation into whether it properly accounted for two jetliners, the 747 and 787.
Google says will not participate in 2016 U.S. airwaves auction
NEW YORK/SAN FRANCISCO (Reuters) - Alphabet Inc's Google will not participate in the U.S. Federal Communications Commission's upcoming auction of broadcast airwaves that can help the wireless industry improve coverage, a spokeswoman told Reuters on Friday. Some industry watchers had expected Internet search giant Google to be a dark horse participant in the auction. Google last participated in a 2008 FCC auction but did not buy any airwaves.
Stocks edge lower in early trading on Wall Street
Stocks are edging lower on Wall Street in early trading as investors take little solace from the latest deal to deliver financial help to Greece and an increase in U.S. home prices.
Bank of England keeps interest rates steady
LONDON (AP) — The Bank of England has kept interest rates steady as it remains cautious about Britain's economic recovery.
The FBI teaches teens about extremism with a game that defies logic
Scalia death prompts praise, criticism on Twitter
Samsung's Gear VR can now take golf fans on the PGA Tour
Iran Plays and Backstabs the US: Iran Dumps Dollar in Trade
The Islamic Republic declared that it is moving away from the US dollar for use in trades and that Tehran welcomes replacing dollar with other currencies. According to Shana, Iran's official news agency, Safar-Ali Karamati, Deputy director of International Affairs for Marketing and Crude Oil Operation in the state-owned National Iranian Oil...
DARPA to unveil its 130-foot unmanned robot ship in April
AIs get a crash course in humanity by interpreting stories
6 Things Great Leaders Do Differently
Great leadership can be a difficult thing to pin down and understand. You know a great leader when you're working for one, but even they can have a hard time articulating what it is that makes their leadership so effective.It was recently rumored that Starbucks' CEO Howard Schultz would run for president, but Schultz shut the idea down almost...
Bernie Sanders and Hillary Clinton, comic book heroes
Fix for iPhones and iPads bricked by the '1 January, 1970' date bug
Ben Heck's FPGA dev board tutorial
Engadget editors on the highs and lows of online dating
IBM X-Force finds multiple IoT security risks in smart buildings
5 Choices You'll Regret Forever
Our days are filled with a constant stream of decisions. Most are mundane, but some are so important that they can haunt you for the rest of your life.A recent study from Columbia University found that we're bogged down by more than 70 decisions a day. The sheer number of decisions we have to make each day leads to a phenomenon called decision...
Huawei's $80 smartwatch isn't worth it
Top Windows Mobile news of the week: Happy owners, port iOS apps
One-year timelapse video of the sun shows its dancing corona
Amazon shows its artsy side with 'The New Yorker Presents' series (Q&A)
Worst tech mergers and acquisitions: Nokia and Microsoft, AOL and Time Warner
A corporate merger, like a marriage, can yield a whole stronger than its parts -- or it can end in utter disaster. In ZDNet's ramp up to Valentine's Day 2016, we countdown the worst corporate romances in IT history.
Space architecture: Six buildings for the final frontier
How the quiet rise of beacons has reshaped retail marketing
Astronaut Scott Kelly will answer questions from space on Tumblr
Top iOS news of the week: Great patent, new iOS beta, Apple Watch developers wanted
Recommended Reading: Twitter's identity crisis
ICYMI: Cotton Candy body parts, robotic bartender and more
NHTSA chief takes conservative view on autonomous vehicles
Top Android news of the week: LG G5, Android Wear, new processor
Yes, you can buy a Windows 10-powered computer for $99
iPhone soon becoming 'full replacement' for Apple TV remote
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