Target Corp raises profit forecast; earnings rise
CHICAGO (Reuters) – Target Corp on Wednesday reported a higher-than-expected quarterly profit and raised its fiscal-year forecast after benefiting from a strong back-to-school shopping season and higher online sales.
Fed’s Kashkari unveils plan to tackle ‘too big to fail’ banks and funds
(Reuters) – Minneapolis Federal Reserve President Neel Kashkari unveiled a plan on Wednesday to prevent future government bailouts by forcing the largest U.S. banks to hold so much capital that they would probably decide to break themselves up.
Only a surprise will halt December Fed rate hike: Bullard
LONDON (Reuters) – The Federal Reserve will hike U.S. interest rates in December barring any major shocks, policymaker James Bullard said on Wednesday, adding that a single rate increase may be enough to move monetary policy to a “neutral setting”.
Dollar index surges to 14-year high
LONDON (Reuters) – The dollar soared to its highest since April 2003 against a basket of currencies on Wednesday, reaching its strongest in a year against the euro as major banks and investors debated the possibility of another move toward euro-dollar …
Business calls for Trump, world leaders to support Paris climate pact
MARRAKESH, Morocco (Reuters) – More than 360 businesses and investors called on U.S. President-elect Donald Trump and world leaders on Wednesday to continue to support agreed curbs on global warming and to speed up efforts to move to a low-carbon econ…
EU agrees new rules for money market funds, eliminating some
BRUSSELS (Reuters) – European Union institutions have agreed on new rules for money market funds that will eliminate some kinds of funds and create others, EU officials said on Wednesday.
Fed’s Bullard: Would be surprise if Fed didn’t hike rates in December
LONDON (Reuters) – It would need a surprise for the Federal Reserve not to raise U.S. interest rates next month, one of the central bank’s policymakers, James Bullard, said on Wednesday.
Oil demand won’t peak before 2040, despite Paris deal: IEA
LONDON (Reuters) – The International Energy Agency expects global oil consumption to peak no sooner than 2040, leaving its long-term forecasts for supply and demand unchanged despite the 2015 Paris Climate Change Agreement entering into force.
Barclays’ CEO sees ‘political pressure’ on Fed after U.S. election
LONDON (Reuters) – The election of Donald Trump as the next U.S. president could signal a period of heightened pressure on the Federal Reserve to change its accommodative stance, Barclays Chief Executive Jes Staley told a banking conference on Wednesd…
In biggest boost since 1940s, BBC World Service adds 11 languages
LONDON (Reuters) – The BBC said on Wednesday that its World Service will begin broadcasting in 11 additional languages in a drive to reach millions more people, including in places like North Korea where impartial news is hard to get.
