Fed will be patient on US policy given global risks: Kaplan
NEW YORK (Reuters) – The Federal Reserve will be patient as it decides how trouble overseas could hit the U.S. economy, a Fed policymaker said in an interview, suggesting the central bank will be slower to raise interest rates this year.
Nissan recalling 930,000 cars for hood latch problem
(Reuters) – Nissan Motor Co said Friday it will recall nearly 930,000 Nissan cars worldwide for potentially faulty hood latches, marking the third time since 2014 the automaker has recalled vehicles to address the problem.
Valeant defends price hikes after Clinton remarks; shares jump
(Reuters) – Shares of Valeant Pharmaceuticals International Inc jumped 6 percent on Friday, after the company responded to criticism by Democratic presidential contender Hillary Clinton over price hikes for its migraine drug.
Chevron posts first loss since 2002 on crude oil plunge
(Reuters) – Chevron Corp reported its first quarterly loss in more than 13 years on Friday despite Wall Street’s expectations for a profit, as plunging oil prices eroded profitability across all its divisions.
Fed extends comment period on capital buffer rule
WASHINGTON (Reuters) – The Federal Reserve has extended the comment period for its proposal on how much capital banks should hold as a buffer against a major credit meltdown, it said on Friday.
BOJ stuns markets with surprise move to negative interest rates
TOKYO (Reuters) – The Bank of Japan unexpectedly cut a benchmark interest rate below zero on Friday, stunning investors with another bold move to stimulate the economy as volatile markets and slowing global growth threaten its efforts to overcome defla…
MasterCard profit rises 11.1 percent as purchase volumes jump
(Reuters) – MasterCard Inc , the operator of the world’s second-largest payments network, reported an 11.1 percent rise in quarterly profit as purchase volumes increased.
American Airlines’ fourth-quarter profit beats expectations
(Reuters) – American Airlines Group Inc on Friday reported a fourth-quarter profit above analysts’ estimates as tumbling oil prices continued to add to its bottom line.
World stocks heat up as Bank of Japan goes sub-zero
LONDON (Reuters) – World shares jumped and the yen slumped on Friday after the Bank of Japan took one of its main interest rates into negative territory, its boldest step yet to re-inflate the economy.
Japan fund undecided on Sharp; Foxconn reportedly ups offer
TOKYO (Reuters) – A Japanese state-backed fund said on Friday it had yet to decide on its potential rescue plan for Sharp Corp, while a media report said Taiwan’s Foxconn had raised its offer in a rival move for the struggling electronics maker.
