Asian stocks slip as U.S. rate worries sour sentiment
SYDNEY (Reuters) – Most Asian share markets followed S&P 500 futures lower on Thursday as speculation of faster hikes in U.S interest rates soured risk appetite globally.
GE eyes $4 billion in asset sales, has no plans to sell stock: CFO
NEW YORK (Reuters) – General Electric Co has “line of sight” on the first $4 billion in asset sales under its plans for $20 billion in disposals, the company’s chief financial officer said on Wednesday, while dismissing talk about selling shares to ra…
Asia stocks slip as U.S. rate risk lifts bond yields
SYDNEY (Reuters) – Asian shares slipped on Thursday as the risk of faster hikes in U.S interest rates lifted short-term Treasury yields to the highest in almost a decade and boosted the dollar.
Ford U.S. chief departs abruptly after behavior probe
DETROIT (Reuters) – Ford Motor Co said on Wednesday that Raj Nair, its president for North America, was leaving the company immediately after an internal investigation found his behavior was “inconsistent with the company’s code of conduct.”
Mexico’s labor standards no obstacle to NAFTA deal: Mexican minister
MEXICO CITY (Reuters) – Tensions over Mexico’s labor standards will not prevent the signatories to the North American Free Trade Agreement (NAFTA)from reaching an accord to overhaul the deal, the country’s labor minister said on Wednesday.
Ford U.S. chief leaves after probe into inappropriate behavior
DETROIT (Reuters) – Ford Motor Co said on Wednesday that Raj Nair, its president for North America, was leaving the company immediately after an internal investigation found his behavior was “inconsistent with the company’s code of conduct.”
Netflix, Amazon win new favor after Wall Street sell-off
SAN FRANCISCO (Reuters) – Netflix Inc, Amazon.com Inc and technology companies poised to benefit from U.S. corporate tax cuts are attracting fresh attention on Wall Street after their shares shrugged off recent market turbulence.
Wall Street falls as Fed minutes send bond yields higher
NEW YORK (Reuters) – U.S. stocks closed lower on Wednesday in a rocky session after the release of the minutes from the Federal Reserve’s January meeting pushed yields on the benchmark 10-year U.S. Treasury note to a four-year high.
Exclusive: India’s PNB adopts strict SWIFT controls after mega fraud case
MUMBAI (Reuters) – India’s state-run Punjab National Bank has stepped up its controls on the use of global payments network SWIFT following an alleged $1.77 billion fraud, according to memos issued this month and seen by Reuters.
JPMorgan plans new Manhattan headquarters in boost to Midtown
NEW YORK (Reuters) – JPMorgan Chase & Co. plans to build a new headquarters at its existing Manhattan site in the first major project under a rezoning law passed last year that aims to revitalize the Midtown area, the bank and officials said on Wednesday.
