U.S.’ Lew says UK authorities need time to probe pound crash
WASHINGTON (Reuters) – U.S. Treasury Secretary Jack Lew said on Friday it was necessary to give British authorities some time to determine what drove a steep drop in the pound before jumping to conclusions.
Wall Street off as pound crashes, jobs data keeps Fed on track
NEW YORK (Reuters) – U.S. stocks slipped on Friday as a drop in the British pound injected unwanted volatility to financial markets, while a weaker-than-expected jobs report was not enough to derail expectations for a rate hike from the Federal Reserve…
‘Flash crash’ thrashes sterling; dollar slides on U.S. jobs data
NEW YORK (Reuters) – Sterling plunged on Friday after what traders called a “flash crash” knocked the currency to a 31-year low, while the dollar slipped on news of unexpectedly weak U.S. jobs growth in September.
U.S. job growth slows; markets bet on December rate hike
WASHINGTON (Reuters) – U.S. employment growth eased for the third straight month in September and the jobless rate rose, but the slowdown was not expected to prevent the Federal Reserve from raising interest rates later this year.
Fed’s Mester says U.S. economic data consistent with higher rates
NEW YORK (Reuters) – Cleveland Federal Reserve President Loretta Mester said current U.S. economic data, including the September payrolls report released on Friday, were consistent with the U.S. central bank considering an increase in interest rates.
Deutsche Bank gets top investor support, CEO in talks with banks
DOHA/FRANKFURT (Reuters) – Deutsche Bank has secured backing from its largest investor and is seeking advice from other banks as it scrambles to restore market confidence undermined by a demand by U.S. authorities for up to $14 billion over mis-selling…
Tyson Foods stock plunges as brokerage says lawsuit may have merit
(Reuters) – Shares of Tyson Foods Inc fell 11.5 percent, their biggest intraday percentage drop in more than six years, after a brokerage said a class action lawsuit against the largest U.S. meat processor over industry collusion was “powerfully convi…
Yahoo email scan report raises rights concerns: U.N. expert
FRANKFURT (Reuters) – Serious human rights concerns have been raised by a Reuters report that Yahoo had scanned the emails of hundreds of millions of users at the request of a U.S. intelligence service, a United Nations’ human rights advocate said on …
ECB’s Draghi tells G20 rates to stay low until growth convincingly picks up
WASHINGTON (Reuters) – European Central Bank interest rates will stay low until euro zone economic growth picks up in a convincing way, ECB head Mario Draghi told finance ministers and central bank governors from the world’s 20 biggest economies (G20) …
Google starts big advertising push around new Pixel phone
(Reuters) – Google’s new “Pixel” smartphone is off to a fast marketing start with $3.2 million in television ads in two days since it announced the upcoming launch, and ad executives expect Google to spend hundreds of millions more to keep up with riva…
