Kaplan says case ‘strengthening’ for Fed rate hike: CNBC
(Reuters) – The Federal Reserve should be able to hike U.S. interest rates “in the not too distant future” because of progress, though sometimes slow, on employment and inflation, a top Fed official said on Thursday.
WhatsApp relaxes privacy stance, to share phone numbers with Facebook
(Reuters) – Popular messaging service WhatsApp said it would start sharing users’ phone numbers with parent Facebook Inc , marking a notable shift in its stance on privacy.
Tiffany’s profit unexpectedly rises on lower costs, higher prices
(Reuters) – Upscale jeweler Tiffany & Co reported an unexpected rise in second-quarter profit, driven by lower raw material costs, price hikes and the sale of more high-margin jewelry.
More than 20 global fintech hubs to form federation in innovation push
LONDON (Reuters) – Financial technology groups from more than 20 cities across the world plan to form a federation of ‘fintech’ hubs this year in what would be the first attempt to coordinate and globalize web-based innovation transforming the financia…
Exclusive: Accidental mogul – China property billionaire’s route to Hollywood
BEIJING (Reuters) – Wang Jianlin, the billionaire Chinese property tycoon turned entertainment mogul, says his push into movies was entirely accidental.
Pharma nerves hit global stocks, dollar wobbles before Fed gathering
LONDON (Reuters) – European stocks saw their biggest fall in three weeks on Thursday and currency markets were noticeably subdued as investors took to sidelines ahead of one of the big global central banker gatherings of the year.
Stock futures lower as countdown to Yellen speech begins
(Reuters) – U.S. stock index futures were slightly lower on Thursday, with investors on the sidelines as they wait for more clarity from the Federal Reserve its path to raise interest rates.
Exchanges call for regulatory clarity over blockchain use
LONDON (Reuters) – A lack of clarity over regulation is holding back the development of blockchain technology for cutting the cost of share trading, the world’s trade body for exchanges said on Thursday.
Sears to take more debt from CEO’s hedge fund, posts loss
(Reuters) – Struggling retailer Sears Holdings Corp posted a quarterly net loss, and the company said it accepted additional debt financing of $300 million from billionaire Chief Executive Edward Lampert’s hedge fund.
Brussels rebuffs U.S. attack on EU tax investigations
BRUSSELS (Reuters) – The European Commission rebuffed an attack by the U.S. Treasury on its investigations into alleged sweetheart tax deals between companies such as Apple and McDonald’s and European governments, saying there was no anti-U.S. bias.
