Fed buys $10.9 billion of mortgage bonds, sells none
NEW YORK (Reuters) – The Federal Reserve bought $10.901 billion of agency mortgage-backed securities in the week
German companies ready to provide capital for Deutsche Bank: Handelsblatt
BERLIN (Reuters) – The chief executives of several German blue-chip companies have discussed Deutsche Bank’s problems and are ready to offer a capital injection if needed to shore up Germany’s largest lender, newspaper Handelsblatt reported on Thursda…
Yum China: no brand damage from protests over South China Sea ruling
LOS ANGELES (Reuters) – Yum Brands Inc said on Thursday its KFC and Pizza Hut businesses in China suffered no lasting brand damage after political tensions over the South China Sea caused an unexpected third-quarter sales drop in that country.
Mars to take full control of Wrigley’s with Buffett stake buy
(Reuters) – Candy maker Mars Inc said on Thursday it would buy out billionaire investor Warren Buffett’s minority stake in its Wrigley chewing gum business, taking full control.
Boeing delivers fewer planes in third quarter, orders fall
(Reuters) – Boeing Co said it delivered 188 commercial aircraft in the third quarter, down from 199 a year earlier, as deliveries of its 737, 777 and 787 models fell.
Deutsche Bank, others must reexamine business models: IMF chief
WASHINGTON (Reuters) – Deutsche Bank and many other major banks need to reexamine their business models to maintain long-term profitability in a very low interest rate environment, International Monetary Fund Managing Director Christine Lagarde said on…
Fighting fires: Samsung struggles to limit damage from smartphone recall
SEOUL (Reuters) – Heated meetings, sacrificed holidays and teams monitoring social media round-the-clock to track whether there have been any new smartphone fires: Samsung Electronics is still desperately trying to limit the damage of a record global r…
U.S. jobless claims fall, point to labor market strength
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week to near a 43-year low, an indication of firmness in the labor market which may support an interest rate increase by the U.S. Federal Reserve thi…
Bias still toward stronger U.S. dollar, but gains petering out: Reuters Poll
(Reuters) – The dollar is likely to rise a bit further, but a tame U.S. rate hike outlook at a time of waning firepower from those global central banks still easing policy will limit its gains, according to a Reuters poll of foreign exchange strategist…
Goldman sees U.S. auto sales entering slow lane, downgrades sector
(Reuters) – Earnings at U.S. automakers are expected to decline in the next two years as negative pricing and lower production weigh on North America results, Goldman Sachs said, downgrading the sector to “cautious” from “neutral”.
