Fed moving appropriately; ECB too hesitant: El-Erian
(Reuters) – The U.S. Federal Reserve is moving appropriately on the path to unwind asset purchases and normalize rates, while the European Central Bank (ECB) may be too hesitant, said Mohamed El-Erian, chief economic advisor at the Allianz Group.
Deutsche Bank to name von Moltke as new CFO: source
FRANKFURT (Reuters) – Deutsche Bank is expected to name James von Moltke as new finance chief, replacing Marcus Schenck who is taking on a role as co-head of the investment bank, a source close to the matter said on Friday.
Honda forecasts lower operating profit in 2017/18
TOKYO (Reuters) – Honda Motor Co forecast on Friday a 16.1 percent fall in operating profit for the current financial year as the Japanese automaker expects a stronger yen, changes to its pension plan and research and development costs will weigh on ea…
Tech firms race to spot video violence
SINAGPORE (Reuters) – Companies from Singapore to Finland are racing to improve artificial intelligence so software can automatically spot and block videos of grisly murders and mayhem before they go viral on social media.
Next battleground: An aging Great Lakes pipeline stirs new protest
CALGARY, Alberta (Reuters) – The growing protest movement against U.S. oil and gas pipelines has so far focused on stopping or delaying new construction, with some high-profile successes.
U.S. refiners bet on strong exports to balance market
NEW YORK (Reuters) – U.S. refiners have come out of maintenance season betting that big exports to Mexico and South America will help alleviate high product inventories and boost margins as the critical summer driving season nears.
Top Foxconn executives visit White House, but mum on details
TAIPEI (Reuters) – Top executives of Foxconn, including founder and chairman Terry Gou, visited the White House on Thursday, Taiwanese TV footage showed, as the Apple Inc supplier ponders a $7 billion-plus U.S. investment in a display-making plant.
Investors, South Korean tech suppliers brush off North Korea threat
NEW YORK/SAN FRANCISCO (Reuters) – Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters…
U.S. first quarter growth weakest in three years as consumer spending falters
WASHINGTON (Reuters) – The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending almost stalled, but a surge in business investment and wage growth suggested activity would regain momentum as the year progresses…
South Korea automakers concerned over possible revision of U.S. trade deal
SEOUL (Reuters) – South Korea’s automakers association is concerned about the possible revision of the country’s trade deal with the United States, an official of the industry group said on Friday.
