Fed keeps rates steady, signals one hike by end of year
WASHINGTON (Reuters) – The U.S. Federal Reserve left interest rates unchanged on Wednesday but strongly signaled it could still tighten monetary policy by the end of this year as the labor market improved further.
Hanjin Shipping shares rally 28 percent after Korean Air approves lending
SEOUL (Reuters) – Hanjin Shipping shares surged as much as 28 percent in morning trade on Thursday after the board of Korean Air Lines , its biggest shareholder, approved lending 60 billion won ($53.96 million) to the troubled container carrier.
BOJ overhauls policy focus, sets target for government bond yields
TOKYO (Reuters) – The Bank of Japan made an abrupt shift on Wednesday to targeting interest rates on government bonds to achieve its elusive inflation target, after years of massive money printing failed to jolt the economy out of decades-long stagnati…
SEC charges fund manager Cooperman with insider trading
NEW YORK (Reuters) – The top U.S. securities regulator on Wednesday charged billionaire investor Leon Cooperman with insider trading, making him the highest-profile target in years in Washington’s ongoing crackdown on illegal trading at hedge funds.
Wal-Mart must face U.S. class action over alleged Mexican bribery
(Reuters) – Wal-Mart Stores Inc must face a class-action lawsuit accusing the world’s largest retailer of defrauding shareholders by concealing suspected bribery to help it expand faster in Mexico, a U.S. judge said.
U.S. House panel to hold hearing on Wells Fargo accounts scandal
WASHINGTON (Reuters) – The House of Representatives Financial Services committee plans to hold a hearing into Wells Fargo & Co next week after a scandal at the bank involving 2 million fake accounts that thousands of employees set up in customers’ names.
U.S. lawmakers blast Mylan CEO over ‘sickening’ EpiPen price hikes
WASHINGTON (Reuters) – U.S. lawmakers on Wednesday blasted Mylan NV Chief Executive Heather Bresch for sharply increasing prices for the EpiPen emergency allergy treatment at a congressional hearing in which Republicans and Democrats questioned the rea…
Wall Street rallies after Fed stands pat on rates
(Reuters) – Wall Street racked up gains on Wednesday after the U.S. Federal Reserve kept interest rates unchanged, for now leaving intact the low-rate environment that has helped underpin the bull market.
Caesars offers another $1.6 billion to creditors of bankrupt unit
CHICAGO (Reuters) – Caesars Entertainment Corp said on Wednesday it proposed along with its private equity backers a settlement offer with an added $1.6 billion for creditors of its casino operating unit, raising hopes of an end to the subsidiary’s co…
U.S. State Department approves possible $1.9 billion sale of refueling planes to Japan
WASHINGTON (Reuters) – The U.S. State Department notified Congress on Wednesday that it has approved a possible sale of Boeing Co military refueling aircraft to Japan worth up to $1.9 billion, the Defense Security Cooperation Agency said.
