Fed keeps interest rates unchanged, signals fewer future hikes
WASHINGTON (Reuters) – The U.S. Federal Reserve kept interest rates unchanged on Wednesday and signaled it still planned to raise rates twice in 2016, though it said slower economic growth would crimp the pace of monetary policy tightening in future ye…
Audi plans to make electric version of Q5 model in Mexico: sources
MEXICO CITY (Reuters) – German carmaker Audi plans to make an electric version of its Q5 SUVs at its new plant in Mexico, two sources with knowledge of the project said on Wednesday.
LPC: Uber takes trip to the leveraged loan market
NEW YORK (Reuters) – Ride-hailing company Uber has hired a group of banks to help it raise debt on the leveraged loan market, according to sources familiar with the proposed transaction.
U.S. judge approves Gawker’s bankruptcy loan
NEW YORK (Reuters) – A U.S. bankruptcy judge on Wednesday approved Gawker Media LLC’s request to borrow $22 million from an affiliate of buyout firm Cerberus Capital Management LP to help fund the online publisher through its court-supervised auction.
China’s Didi Chuxing raises $7 billion in new funding: source
(Reuters) – Chinese car-hailing app Didi Chuxing Technology Co has raised $7 billion in its latest fund raising effort, a source familiar with the matter said.
North Dakota oil output posts biggest drop in history
(Reuters) – North Dakota’s oil output fell the most in history in April, with low crude prices and inclement weather forcing producers to cut back the drilling and fracking of new wells, state regulators said on Wednesday.
Icahn, Paulson add transparency, AIG president says
LONDON (Reuters) – Activist investors Carl Icahn and John Paulson are making American International Group (AIG) more transparent through their representation on its board, the U.S. insurer’s president and chief executive Peter Hancock said on Wednesda…
Bank rules not hindering U.S. economy: FDIC chief
WASHINGTON (Reuters) – Banking rules meant to protect the U.S. financial system from collapse are not harming the economy or damaging financial markets, the chairman of the Federal Deposit Insurance Corp said on Wednesday, contrary to the views of indu…
Slumping autos weigh on U.S. manufacturing output; inflation tame
WASHINGTON (Reuters) – U.S. manufacturing output unexpectedly fell in May as motor vehicles and parts production recorded its biggest drop in nearly 2-1/2 years, suggesting sustained weakness in the sector even as the overall economy appears to be gain…
BlackRock sees wave of M&A in asset management industry: CEO
NEW YORK (Reuters) – The asset management sector “needs consolidation” and has the potential for “quite a bit” of merger and acquisition activity, BlackRock Inc Chief Executive Officer Laurence Fink said at an investor day meeting in New York.
