Fed’s Kashkari says current U.S. interest rates ‘about right’
MINNEAPOLIS (Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Monday signaled his support for the cautious and patient approach to rate hikes laid out by Fed Chair Janet Yellen, saying the current stance of monetary policy is “abo…
Spotify says growth has quickened since Apple Music’s launch
STOCKHOLM (Reuters) – Music streaming service Spotify has seen a faster pace of growth since the launch in June last year of rival Apple Music , a top executive said on Monday.
U.S. Fed awards $23.24 billion in reverse repos
NEW YORK (Reuters) – The Federal Reserve on Monday awarded $23.24 billion of one-day, fixed-rate reverse repurchase agreements to 17 bidders at an interest rate of 0.25 percent, the New York Fed said on its website.
Fed’s Evans favors ‘wait and see’ on more rate hikes
LONDON (Reuters) – The U.S. economy’s fundamentals are solid and growth this year should pick up to around 2.5 percent, but the Federal Reserve’s current ‘wait and see’ approach to monetary policy is appropriate, a Fed policymaker said on Monday.
Germany’s JAB to take Krispy Kreme private for $1.35 billion
(Reuters) – Krispy Kreme Doughnuts Inc agreed to be taken private by JAB Holding Co for about $1.35 billion as Germany’s Reimann family continues to build up its global coffee empire.
Activist investor TCI says VW campaign its own initiative
LONDON (Reuters) – Activist hedge fund TCI’s campaign against German carmaker Volkswagen was launched as its own initiative and not on behalf of a broader investor group, a partner at the firm told Reuters.
Americans see slightly higher inflation, uncertainty grows: NY Fed survey
NEW YORK (Reuters) – An increasingly important gauge of U.S. inflation expectations edged higher last month but remained broadly depressed, as Americans said they were less certain about prices in the years ahead.
China curbs Baidu healthcare ads business after student’s death
BEIJING (Reuters) – Chinese regulators have imposed limits on the number of lucrative healthcare adverts carried by Baidu Inc following the death of a student who underwent an experimental cancer treatment which he found using China’s biggest Internet…
Hopes of factory jobs rebound fade in U.S. heartland
(Reuters) – The U.S. factory sector appears to be stabilizing after a long and painful slide, but not when it comes to jobs.
Tribune Publishing adopts poison pill to stop Gannett bid
(Reuters) – Newspaper publisher Tribune Publishing Co said its board had adopted a shareholder rights plan – popularly known as a “poison pill” – in a bid to thwart Gannett Co Inc’s unsolicited takeover offer.
