Fed report points to slight rise in inflation, tight job market
WASHINGTON, June 1 (Reuters) – Inflation pressures grew slightly across most of the United States from April to mid-May, the Federal Reserve said on Wednesday in a report that also pointed to rising labor costs for American companies.
Rise in U.S. manufacturing activity masks underlying weakness
WASHINGTON (Reuters) – U.S. manufacturing grew for a third straight month in May, but factories appeared to be taking in fewer deliveries from their suppliers, which could hamper production in the months ahead.
Yellen to testify on monetary policy to Senate panel on June 21
WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen is scheduled to testify to the Senate Banking Committee on the U.S. central bank’s semiannual monetary policy report on Tuesday, June 21, the panel said.
French tax authorities seek 356 million euros from Booking.com: SEC filing
PARIS (Reuters) – French tax authorities are seeking 356 million euros ($397.37 million) in unpaid taxes from Booking.com, a unit of Priceline Group , according to a filing by the parent company to the U.S. Securities and Exchange Commission.
World factories stuck in low gear on sluggish demand
LONDON/BEIJING/NEW YORK (Reuters) – Global manufacturing activity remained stuck in a rut last month with factory output from Asia, Europe and the Americas barely improving as producers struggled to bring in new orders, surveys released on Wednesday sh…
Exclusive: Asian regulators ask banks to reveal Panama Papers’ links – sources
HONG KONG/SINGAPORE (Reuters) – Regulators in Hong Kong and Singapore have asked banks doing business there to disclose if they have dealings with entities and individuals named in the leaked ‘Panama Papers’, which contained details on thousands of she…
JPMorgan exec sees ‘mid-teens’ percentage rise in second-quarter markets revenue
NEW YORK (Reuters) – JPMorgan Chase & Co is on track for a mid-teens percentage increase in markets revenue in the second quarter compared with a weak period a year earlier, a top executive said on Wednesday.
UBS tells bankers ‘take two’ in bid to get the balance right
LONDON (Reuters) – Investment bankers at UBS can now take at least two hours of “personal time” a week in the latest attempt by a bank to retain staff with a better work-life balance.
Coke, Coke Femsa to buy Unilever’s soy beverage business
(Reuters) – Coca-Cola Co and its largest bottler, Coca-Cola Femsa , said they agreed to buy Unilever’s AdeS soy-based beverage unit for about $575 million as the soft-drinks giant bolsters its portfolio of healthy and non-fizzy drinks.
Fed swimming against global tide of easier rates
LONDON (Reuters) – Rarely has the world’s most important and powerful central bank been so isolated.
