Fed’s Williams sees gradual U.S. rate hike path as ‘best course’
LOS ANGELES (Reuters) – The Federal Reserve should stick with its plan to raise interest rates gradually, a top policymaker said on Thursday, given his view that unemployment is headed to 4.5 percent by late this year and inflation is set to reach 2 pe…
Citi raises CEO Corbat’s pay by 27 percent in 2015
(Reuters) – Citigroup Inc raised Chief Executive Michael Corbat’s pay by an estimated 27 percent in 2015, a year in which the bank’s profit more than doubled.
Fed’s next move much more likely a rate hike than a cut: survey
(Reuters) – The Federal Reserve’s next policy move is much more likely to be a rate hike than a rate cut, although over the next two years a return to zero rates is a rising possibility, according to a New York Fed survey of primary dealers published o…
FCC approves proposal to boost TV set-top box competition
WASHINGTON (Reuters) – The Federal Communications Commission approved on Thursday a proposal to let consumers swap pricey cable boxes for cheaper devices and apps, a change that would boost competition in the $20 billion television set-top box market w…
Brent down as U.S. crude build eclipses output freeze plan
NEW YORK (Reuters) – Brent settled lower on Thursday after data showing U.S. crude inventories rose to record highs overshadowed production freeze plans by oil major producers that had sharply boosted the market this week.
U.S. jobs market firming; manufacturing still on the ropes
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to labor market strength that keeps Federal Reserve interest rate hikes on the table this year.
P&G needs to be more agile, says new CEO Taylor
(Reuters) – Procter & Gamble Co needs to be more nimble in its decision-making, Chief Executive David Taylor said in his first interaction with analysts after taking the helm in November.
Citigroup plans to exit retail banking in Argentina, Brazil – Bloomberg
(Reuters) – Citigroup Inc plans to exit retail banking in Argentina and Brazil, Bloomberg reported, citing a person familiar with the matter.
Insight: Parmesan bonds replace bank loans in Italy’s new credit order
ROME/MILAN (Reuters) – When Parmesan prices proved too volatile for Italy’s strained banks a dairy cooperative near Bologna came up with a novel solution to its funding needs, bonds backed by wheels of cheese.
Banks build ETF businesses as growth stalls in bond trading
(Reuters) – Wall Street banks are ramping up businesses that trade exchange-traded funds full of bonds, a bright spot of growth at an otherwise bleak time for trading but one that may carry unappreciated risk.
