Global monetary taps still open wide, Fed minutes in focus
LONDON (Reuters) – The glue binding a still-aggressive global monetary policy response to a struggling world economy and almost daily record highs for world stock markets along with record low bond yields is set to remain intact in the coming week.
U.S. producer prices fall on services, energy costs
WASHINGTON (Reuters) – U.S. producer prices unexpectedly fell in July on declining costs for services and energy products, pointing to a tame inflation environment that could make it difficult for the Federal Reserve to raise interest rates.
Global stocks head for another week of gains after Wall Street triple high
LONDON (Reuters) – World stocks were headed for their fourth week of gains in five on Friday after a surge in oil prices helped propel Wall Street’s three main indexes to co-ordinated record highs for the first time since 1999.
Electronic Marlboro sucks Japanese smokers away from Japan Tobacco
TOKYO (Reuters) – Marlboro maker Philip Morris International says its e-cigarette has rapidly captured close to 3 percent of Japanese tobacco sales, making inroads into a market Japan Tobacco (JT) relies on for 40 percent of its profit.
Email campaign asks McDonald’s to take U.S. antibiotic curbs global
LOS ANGELES (Reuters) – A charity looking to fight the rise of dangerous, drug-resistant bacteria on Thursday asked the public to help convince McDonald’s restaurants around the world to stop serving meat and milk from animals raised with routine use o…
Taking on Tesla: China’s WM Motor sees mass market electric cars
SHANGHAI (Reuters) – It remains more promise than product, but the electric vehicle (EV) sector is drawing more talent from mainstream automakers which are reluctant to go full tilt at the new technology.
Didi’s Cheng Wei: Chinese patriot who tamed Uber
BEIJING (Reuters) – Cheng Wei, 34, was once assistant to the head of a foot massage firm. Last week, his company Didi Chuxing bagged Uber’s China business in a deal valuing his ride-hailing start-up at $35 billion – a second success in as many years in…
Citigroup fails to halt AT&T use of ‘thanks’
NEW YORK (Reuters) – A judge on Thursday rejected Citigroup Inc’s bid for a preliminary injunction to stop AT&T Inc from using the phrase “AT&T thanks” on a customer loyalty program, which the bank called too similar to its trademarked “thankyou.”
Three major indexes end at records for first time since 1999
(Reuters) – All three major U.S. stock indexes closed at record highs on Thursday for the first time since 1999 as surging oil prices and strong earnings from department stores Macy’s and Kohl’s buoyed investor sentiment.
Exclusive: Wall St. banks ask Fed for five more years to comply with Volcker rule
(Reuters) – Big Wall Street banks are asking the U.S. Federal Reserve to grant them an additional five-year grace period to comply with a financial reform regulation known as the Volcker rule, people familiar with the matter said.
