Exclusive: Iraq plans to sell oil through Iran if talks with Kurds fail
BAGHDAD (Reuters) – Iraq’s government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters.
China’s BYD forecasts up to 91 percent profit rise for first nine months
BEIJING (Reuters) – Chinese automaker BYD Co Ltd , backed by Warren Buffett’s Berkshire Hathaway Inc , on Sunday predicted an up to 91-percent profit increase in the first nine months of the year, as government policies drive green car sales.
As Fed nears rate hikes, policymakers plan for ‘brave new world’
JACKSON HOLE, Wyo. (Reuters) – Federal Reserve policymakers are signaling they could raise U.S. interest rates soon but they are already weighing new tools they may need to fight the next recession.
Fed could use reserves payments to stimulate U.S. economy: paper
JACKSON HOLE, Wyo. (Reuters) – The Federal Reserve could push banks to lend more by paying Wall Street smaller returns on money stashed at the U.S. central bank when inflation is low, according to an academic paper presented on Saturday.
Fed’s Yellen sees stronger case for interest rate hike
JACKSON HOLE, Wyo. (Reuters) – The Federal Reserve is getting closer to raising interest rates again, the head of the U.S. central bankand other policymakers said on Friday in comments that left the door open for a hike as early as next month.
Jobs data to be a big deal for record-high stocks
SAN FRANCISCO (Reuters) – Wall Street will fixate on a wave of U.S. economic data next week, crested by payrolls data on Friday that could sway expectations about the timing of future interest rate hikes and spark volatility in record-high stock prices…
Wall Street slips in wake of comments by top Fed officials
NEW YORK (Reuters) – U.S. stocks ended modestly lower after a volatile session on Friday, having bounced between gains and losses as investors wrestled with the likely timing of a U.S. interest rate hike following comments from top Federal Reserve offi…
Sycamore Partners, liquidators bid on bankrupt U.S. teen retailer Aeropostale
NEW YORK (Reuters) – Bankrupt U.S. teen retailer Aeropostale Inc received bids this week for its business from private equity firm Sycamore Partners, as well as liquidators, firms that wind down businesses, according to people familiar with the matter…
St. Jude says report by short sellers ‘false and misleading’
(Reuters) – Medical device manufacturer St. Jude Medical Inc said on Friday a report by short-selling firm Muddy Waters and a cyber-security researcher alleging its heart devices were riddled with bugs was “false and misleading.”
Caesars must face $11 billion in lawsuits: U.S. judge
CHICAGO (Reuters) – Caesars Entertainment Corp must face lawsuits from bondholders seeking some $11 billion in claims, a U.S. judge ruled on Friday in a decision the casino company had warned could plunge it into bankruptcy alongside its operating uni…
