Fed’s Evans sees upside risks from Trump fiscal policy
DUBLIN (Reuters) – The chief of the Federal Reserve Bank of Chicago said Friday that risks to the U.S. economic outlook from fiscal policy are positive as long as it is not overly stimulative, and said he believes that global risks to U.S. growth have …
Spotify, valued at $13 billion, to launch direct listing on NYSE: sources
(Reuters) – Music streaming service Spotify, most recently valued at $13 billion, will be the first major company to carry out a direct listing on the New York Stock Exchange when it goes public later this year or early next year, two sources familiar …
Home Capital eyes disposals to address funding issues
(This version of the story corrects paragraph 10 to show quote was by Interim CFO Bob Blowes, not Robert Morton as previously stated)
U.S. consumer prices rebound on rising gasoline, rental costs
WASHINGTON – U.S. consumer prices rebounded in April amid increases in the cost of gasoline, food and rents, pointing to steadily rising inflation that could keep the Federal Reserve on track to raise interest rates next month.
Fiat Chrysler recalls 1.25 million trucks over software error
WASHINGTON/DETROIT (Reuters) – Fiat Chrysler Automobiles NV (FCA) said on Friday it would recall more than 1.25 million pickup trucks worldwide to address a software error linked to reports of one crash death and two injuries.
Top-10 Glaxo investor Woodford sells out, criticises board
LONDON (Reuters) – British fund manager Neil Woodford said on Friday he had sold out of pharma company GlaxoSmithKline after a “frustrating” stint as an investor spanning more than 15 years.
Wall Street falls, department stores take a drubbing
(Reuters) – Wall Street slipped on Friday, ending the week lower as tepid economic data weighed on banks and worries deepened over Nordstrom and other department stores.
South Korea orders major Hyundai, Kia recall after whistleblower report
SEOUL (Reuters) – South Korea ordered Hyundai Motor Co and affiliate Kia Motors Corp to recall 240,000 vehicles over safety defects flagged by a whistleblower – a sharp slap on the wrist that will exacerbate reputational woes for the automakers.
TCI calls on Safran to drop Zodiac deal and fix engines
LONDON/PARIS (Reuters) – Activist investor TCI Fund Management has called on the board of French aerospace firm Safran to cancel a takeover of Zodiac Aerospace immediately and instead focus on fixing design problems with a new engine.
G7 finance chiefs warn U.S. not to upset global growth
BARI, Italy (Reuters) – Finance chiefs from many of the world’s leading rich nations pressed the United States on Friday not to break a decades-long global consensus in areas such as trade and financial regulation criticized by U.S. President Donald Tr…
