Fed’s ‘accommodation’ outrun by tightening credit
WASHINGTON (Reuters) – Even as the Federal Reserve began raising interest rates in December its message was clear: it wanted to keep monetary conditions loose and felt the United States still needed accommodation to keep a modest recovery underway.
El-Erian: Markets front-run Fed in tightening financial conditions
NEW YORK (Reuters) – Mohamed El-Erian, the chief economic adviser at Allianz SE , said on Thursday that with volatility rising, the markets effectively have served as front-runners to the Federal Reserve in tightening global financial conditions.
Crowded GoPro short sellers may soon face squeeze
SAN FRANCISCO (Reuters) – GoPro’s fall from grace has created a rush by traders to short the camera maker’s stock, but they may soon face a squeeze as institutional shareholders sell their shares after six months of declines.
European carmakers survive politicians’ backlash – for now
BRUSSELS (Reuters) – Intense lobbying by Europe’s car manufacturers helped to save a compromise that will let them exceed EU pollution targets for now, but the narrowness of their victory in the European parliament shows that politicians are running ou…
Weak sales at Kohl’s, Ralph Lauren spark selloff in retailers
(Reuters) – Ralph Lauren Corp and Kohl’s Corp warned of a tough year ahead after reporting disappointing holiday-quarter sales on Thursday, leading investors to dump their stocks and dragging down shares of several other retailers.
Continental says five million vehicles worldwide may have faulty air bags
WASHINGTON/DETROIT (Reuters) – Continental Automotive Systems said Thursday it supplied potentially defective air bag control units to 5 million vehicles used by Honda, Fiat Chrysler, Mercedes-Benz, and three other manufacturers built over a five-year …
Rising U.S. layoffs hint at ebbing labor market momentum
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff.
Succession issue looms large at world’s top glasses maker
MILAN (Reuters) – For a man who created the world’s leading eyewear company after growing up in a Milanese orphanage and learning metalwork in a tool shop, the issue of who to hand it on to should be relatively easy.
Credit Suisse’s Thiam under pressure after first loss since 2008
ZURICH (Reuters) – Credit Suisse reported its first full-year loss since 2008 after booking a big impairment charge at its investment banking business, sending its share price tumbling and piling pressure on new Chief Executive Tidjane Thiam.
Shell ready for more cost cuts as earnings fall 87 percent on weak oil prices
LONDON (Reuters) – Royal Dutch Shell, Europe’s largest oil company, reported its lowest annual income in over a decade on Thursday and said it would take further steps to cut costs to cope with weak oil prices if needed.
