Business

Business

Santander scales back profitability target post-Brexit

(c) 2016, Bloomberg. Banco Santander lowered its profitability target for 2018 as growth expectations worsened in Britain and other countries where the Spanish bank does business. Santander seeks a return on tangible equity of above 11 percent by 2018, it said in a presentation to investors Friday....


Business

Wall Street says annual holiday rally isn't in cards this year

(c) 2016, Bloomberg. It’s been low-hanging fruit for decades: Buy stocks when the leaves start to turn in the Northeast, and get ready to harvest gains. This year the crop looks spoiled. That’s going by forecasts from Wall Street strategists, whose trepidation about everything from election...


Business

In Canada, oil sands cost cutting 'close to bone' as crude recovery stalls

(c) 2016, Bloomberg. Canadian oil-sands producers are running out of tricks to buoy their share prices as crude prices keep bumping up against a $50 ceiling. After two years of slashing costs to cope with plunging oil prices, shares began rebounding as the market appeared to hit a bottom earlier...


Business

OPEC 'capitulation' leaves challenges for U.S. shale drillers


Business

Electronic payments are finally speeding up

(c) 2016, The Washington Post. People who need to send cash to friends or relatives to, say, split the monthly bills or pay each other back after a night out, finally have better options. Sure, sending money to friends is easier today than it was back when writing a check or running to an ATM were...


Business

U.S. consumer sentiment climbs for first time in four months

(c) 2016, Bloomberg. Consumer confidence rose in September for the first time in four months as Americans grew more upbeat about the prospects for incomes and persistent low inflation. The University of Michigan said Friday that its final index of sentiment rose to 91.2 from 89.8 in August. The...


Business

U.S. consumer spending little changed as income gains cool

(c) 2016, Bloomberg. Consumer spending was little changed in August as income growth cooled, pointing to a softening in consumption after a run of strong gains. The August result followed a 0.4 percent advance the prior month that was revised up, Commerce Department figures showed Friday. The...


Business

Four things the Fed should do now to help the economy

Special to The Washington Post. Earlier this week, I spoke in Houston at a forum sponsored by the Dallas Federal Reserve. Inevitably given that I was at the Fed, the topic turned to monetary policy. On monetary policy, Dallas Fed President Steven Kaplan asked what I thought the Fed should be doing...


Business

Vanguard, Wells Capital call for a corporate bond reality check

(c) 2016, Bloomberg. Some of the world’s biggest investors, including Vanguard Group and Wells Fargo & Co.‘s asset management arm, are dialing down the risk they take in U.S. corporate bonds, even as central banks globally keep the money spigots on. With just three months left in 2016, they want to...


Business

CNO ends deal with platinum-tied insurer at loss, files suit

(c) 2016, Bloomberg. CNO Financial Group Inc. said it ended a risk-transfer deal with a reinsurer tied to embattled hedge fund Platinum Partners and will take a $55 million loss on the termination of the transaction. CNO units have filed a lawsuit against executives of Beechwood Re, according to a...


‹ Newer Older ›
×