Fed’s Fischer says U.S. job market ‘very close’ to full strength
WASHINGTON (Reuters) – The U.S. job market is nearly at full strength and the pace of interest rate increases by the Federal Reserve will depend on how well the economy is doing, Fed Vice Chairman Stanley Fischer said on Tuesday.
Dollar, shares rise on expectations for a U.S. rate increase
LONDON (Reuters) – Growing expectations the Federal Reserve will raise U.S. interest rates this year pushed the dollar up for a seventh time in eight days on Tuesday. Stocks rose.
Japan’s ANA says 787 engine repairs could take 3 years
TOKYO (Reuters) – Japanese carrier ANA Holdings Inc said on Tuesday it could take as long as three years to replace faulty turbine blades in the Rolls-Royce engines powering its Boeing 787s.
Buyout firms’ hushed deals with top investors risk SECs’ ire
NEW YORK(Reuters) – Some U.S. private equity firms are courting their biggest and savviest investors with privileged access to special fee-saving deals without telling other investors, according to people involved in buyout firms’ fundraising.
Chevron LNG supply deal with China’s ENN may boost spot market growth
SINGAPORE (Reuters) – Chevron Corp’s liquefied natural gas (LNG) supply deal with China’s ENN LNG Trading Co may boost the formation of a spot market for the fuel in Asia.
Goodyear Thailand to build $162 million aviation tire factory
BANGKOK (Reuters) – Goodyear Thailand Pcl said on Tuesday it planned to invest $162 million to build a new radial aviation tire factory to expand production at Phathumthani, north of Bangkok, to meet growing demand in Asia Pacific.
Capital Group Companies ups Credit Suisse stake to 5.051 percent
ZURICH (Reuters) – U.S. asset manager Capital Group Companies has increased its holdings in Swiss bank Credit Suisse to 5.051 percent, the Swiss stock exchange said on Tuesday.
Volkswagen decides not to sue South Korea over sales ban
SEOUL (Reuters) – Volkswagen decided against suing South Korea which last month suspended sales of most of its models and slapped a fine of 17.8 billion won ($15.93 million) on the German carmaker.
Mitsubishi Motors overstated fuel economy on eight more models: Nikkei
TOKYO (Reuters) – Mitsubishi Motors Corp overstated the fuel economy on eight of its vehicle models, in addition to four others the embattled Japanese automaker admitted to earlier this year, the Nikkei newspaper reported on Tuesday.
Valeant is sued over Philidor ties, alleged racketeering
Valeant Pharmaceuticals International Inc was sued on Monday by buyers of its drugs, who accused the Canadian company of racketeering by forcing them to pay exorbitant prices.
