Atlanta Fed trims U.S. third-quarter growth forecast to 2.4 percent
NEW YORK (Reuters) – The U.S. economy is on track to grow at a 2.4 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDP Now forecast model showed on Friday, following the latest data on inventories, trade and consumer spendin…
Drop in U.S. consumer spending clouds Fed rate hike outlook
WASHINGTON (Reuters) – U.S. consumer spending fell in August for the first time in seven months while inflation showed signs of accelerating, mixed signals that could keep the Federal Reserve cautious about raising interest rates.
Exclusive: China set to export corn, posing new threat to battered global market – sources
BEIJING (Reuters) – China has given approval to at least two companies to export corn, trading sources said, in a radical move by the world’s No. 2 producer to cut its ballooning surplus and unleash more supply into a saturated global market.
U.S. data to put December rate hike in focus
DUBLIN (Reuters) – The limits of central bank largesse are set to be a hot topic in the coming week as global policymakers head to Washington for the annual International Monetary Find meetings and key data may harden the case for a tightening of U.S. …
As Deutsche struggles, European bank rally creates investor dilemma
LONDON (Reuters) – While possibly Europe’s biggest “pain trade”, fund managers are under pressure to buy banking stocks despite the deep problems of Deutsche Bank and some other lenders in the region.
Oil falls on firmer dollar and profit-taking after OPEC rally
LONDON (Reuters) – Oil prices fell as the dollar strengthened on Friday and investors cashed in on crude’s 6 percent one-day rise after OPEC members agreed on output cuts for the first time in eight years to stifle a two-year price slide.
After Nissan ultimatum, Jaguar Land Rover says Brexit must be fair for all
LONDON (Reuters) – Jaguar Land Rover will “realign its thinking” on investment after Britain’s vote to leave the EU and if Nissan gets a Brexit compensation deal then other automakers would need a level playing field, Britain’s biggest carmaker said.
Deutsche Bank woes keep stocks on steep slide
LONDON (Reuters) – An eight percent slump in Deutsche Bank’s already battered share price sent Europe into a fresh tailspin on Friday and left world equity markets sliding toward their worst week in three months.
VW’s Seat seeks return to profit with new models, cost cuts
PARIS (Reuters) – Volkswagen’s long-struggling Spanish division Seat said it may return to profit this year for the first time since 2008 and stay there through 2018, benefiting from demand for new and redesigned models.
Russia says will be able to freeze oil output in case of deal with OPEC
SOCHI, Russia (Reuters) – Russia will find mechanisms and instruments needed to freeze oil production should the country reach an agreement with the Organization of the Petroleum Exporting Countries on limiting output, the Russian Energy Minister said …
