EU executive to say euro zone may need treasury, minister, budget
BRUSSELS (Reuters) – The EU executive will suggest on Wednesday the euro zone might need to issue collective debt and run a joint budget, among proposals for bolstering the single currency that echo ideas from new French President Emmanuel Macron.
Brainard expects Fed rate hikes but eyeing soft inflation
NEW YORK (Reuters) – A U.S. rate hike is probably coming soon though the Federal Reserve may want to delay if inflation remains soft, an influential Fed governor said on Tuesday, adding she also backs shrinking the bond portfolio “before too long.”
Venezuelan opposition condemns Goldman for $2.8 billion bond deal
CARACAS/NEW YORK (Reuters/IFR) – Goldman Sachs Group Inc’s statement that it never transacted directly with the government of Venezuelan President Nicolas Maduro when it bought $2.8 billion of bonds for pennies on the dollar was dismissed by the countr…
Supreme Court tightens rules on where companies can be sued
(Reuters) – The U.S. Supreme Court on Tuesday tightened rules on where injury lawsuits may be filed, handing a victory to corporations by undercutting the ability of plaintiffs to bring claims in friendly courts in a case involving Texas-based BNSF Rai…
Wall Street slips as energy, financials lose ground
(Reuters) – U.S. stocks inched lower on Tuesday, with the S&P 500 retreating slightly from a record, as weakness in the energy and financial sectors outweighed gains in technology shares.
Consumer spending, inflation data support Fed rate hike case
WASHINGTON (Reuters) – U.S. consumer spending recorded its biggest increase in four months in April and monthly inflation rebounded, pointing to firming domestic demand that could allow the Federal Reserve to raise interest rates next month.
British PM May calls on BA to fix I.T. system, compensate customers
LONDON (Reuters) – Prime Minister Theresa May called on British Airways to compensate the thousands of passengers who were left stranded over the weekend by an IT failure and to deliver the service that customers expect of the country’s flagship carrie…
Exclusive: ECB to discuss closing door to extra stimulus next week – sources
FRANKFURT (Reuters) – European Central Bank policymakers are set to take a more benign view of the economy when they meet on June 8 and will even discuss dropping some of their pledges to ramp up stimulus if needed, four sources with direct knowledge o…
Greece denies report it may opt out of receiving more bailout money
ATHENS (Reuters) – Greece on Tuesday denied a German newspaper report it could refuse receipt of bailout loans needed to make a July debt repayment if its lenders fail to offer clear debt relief terms, despite it having passed more reforms.
British Airways says IT systems running again after weekend outage
LONDON (Reuters) – British Airways said it expected to deliver a full schedule of flights from London’s Heathrow and Gatwick airports on Tuesday after its computer network recovered from an outage which left 75,000 passengers stranded over the weekend….
