Eyes on Yellen for rate-hike signals after payroll data shocks
PARIS (Reuters) – Investors will be looking for signals from Federal Reserve chair Janet Yellen this week about the U.S. central bank’s next rate move after shockingly weak payroll data all but killed off chances for a hike this month.
On southwestern fringe, China’s Silk Road ambitions face obstacles
KUNMING, China/VIENTIANE (Reuters) – For the southwestern city of Kunming, China’s plan to extend a high-speed rail link 3,000 km (1,875 miles) south to Singapore is already a boon: pristine expressways, a gleaming station and something of a real estat…
Paraguay gets debt payment demand from Venezuela’s PDVSA – Petropar president
ASUNCION, Paraguay (Reuters) – Paraguay’s state-run oil firm Petropar said Saturday that Venezuelan state oil producer PDVSA [PDVSA.UL] had set a 10-day deadline for the Paraguayan company to pay off $287 million of long-standing debt.
Wal-Mart says tech investments will boost online sales
FAYETTEVILLE, Ark. (Reuters) – Wal-Mart Stores Inc executives touted the technology investments the world’s No. 1 retailer is making to boost online sales, during the annual shareholder meeting on Friday.
Lufthansa CEO says rising protectionism hampering M&A
ZURICH (Reuters) – The growing trend of protectionism worldwide is hampering cross-border consolidation in the airline industry, the chief executive of German airlines group Lufthansa said on Saturday.
Fed’s Mester says gradual rate hikes still appropriate after jobs report
STOCKHOLM (Reuters) – The latest disappointing U.S. jobs number has not changed the overall economic picture and gradual rate hikes remain appropriate, Cleveland Federal Reserve President Loretta Mester said on Saturday.
Jaguar Land Rover sues Chinese automaker over Evoque copycat: source
BEIJING (Reuters) – Jaguar Land Rover is suing Chinese automaker Jiangling Motor for allegedly copying the British firm’s Range Rover Evoque, a person with direct knowledge of the matter said – a rare move by a foreign automaker to fight copycats in th…
Exclusive: NY Fed first rejected cyber-heist transfers, then moved $81 million
DHAKA/NEW YORK (Reuters) – Hours before the Federal Reserve Bank of New York approved four fraudulent requests to send $81 million from a Bangladesh Bank account to cyber thieves, the Fed branch blocked those same requests because they lacked informati…
DoubleLine’s Gundlach calls May employment report ‘real body blow’
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, called the May employment report on Friday a “real body blow” and said it means an interest rate increase later this month is an “impossibility.”
Weak U.S. employment report dims prospect of Fed rate hike
WASHINGTON (Reuters) – The U.S. economy created the fewest number of jobs in more than 5-1/2-years in May as manufacturing and construction employment fell sharply, which could make it harder for the Federal Reserve to raise interest rates.
