U.S. household net worth rose to $89.1 trillion in second quarter: Fed
WASHINGTON (Reuters) – The net worth of U.S. households increased in the second quarter as a rebound in stock market prices and further gains in real estate values bolstered wealth, a report by the Federal Reserve showed on Friday.
Hunt for yield leads U.S. mutual fund managers to private assets
NEW YORK (Reuters) – With traditional dividend-paying stocks such as utilities and telecom companies trading near record highs, U.S. mutual fund managers desperate for income are increasingly taking a new tack: going private instead.
India loses WTO appeal in U.S. solar dispute
GENEVA (Reuters) – India lost its appeal at the World Trade Organization in a dispute over solar power on Friday, failing to overturn a U.S. complaint that New Delhi had discriminated against importers in the Indian solar power sector.
Lively debate and ‘hawkish hold’ seen from Fed
BRUSSELS (Reuters) – The Federal Reserve is set for a lively debate in the coming week and could give a clear signal of an interest rate rise to come even if it follows market expectations for a pause this month.
Intel raises revenue forecast as PC market improves
(Reuters) – Intel Corp raised its quarterly revenue forecast for the first time in more than two years, citing improving demand for personal computers.
Deutsche Bank fine compounds miserable week for Europe
LONDON (Reuters) – A monster fine for Deutsche Bank compounded a miserable week for European stocks on Friday, while bonds bounced as weak U.S. retail sales figures triggered a pullback in Federal Reserve rate hike expectations.
Cost-cutting deal with unions key to VW’s recovery
BERLIN (Reuters) – Volkswagen’s ability to agree a big cost-cutting plan with its powerful labor unions in the coming weeks could determine whether the German carmaker’s shares make a full recovery from its emissions scandal.
Samsung to replace or refund one million U.S. Galaxy Note 7 phones
(Reuters) – Samsung Electronics Co Ltd formally recalled 1 million Galaxy Note 7 smartphones sold in the United States, replacing or refunding the flagship phones, whose susceptibility to catching fire has damaged the image of the Korean powerhouse.
Standard Chartered mulls spinning out PE business: Bloomberg
(Reuters) – Standard Chartered Plc is considering spinning out its private equity business to its managers, Bloomberg reported on Friday, citing two people familiar with the matter.
Exclusive: GE wins $1.9 billion order from UK’s Hinkley Point nuclear plant
NEW YORK (Reuters) – General Electric Co said it will receive $1.9 billion for a contract to supply steam turbines, generators and other equipment to the Hinkley Point C project, the United Kingdom’s first new nuclear power plant in decades.
