Cognac makers ramp up U.S. efforts as China sips less
COGNAC, France (Reuters) – France’s centuries-old cognac houses are raising their bets on the U.S. market with new products and campaigns to broaden the drink’s appeal beyond its African American stronghold.
Pssst, want to play the market? Count the Fed leak weeks: study
BERKELEY, Calif. (Reuters) – U.S. central bankers not only regularly leak secret information about monetary policy, but the leaks are so predictably timed that a savvy investor without access to the leaked information could make money just by buying st…
Fed’s Williams sees strong case for December interest-rate hike
BERKELEY, Calif. (Reuters) – There is a “strong case” for raising interest rates when Federal Reserve policymakers meet next month, as long as U.S. economic data does not disappoint, a top Fed official said on Saturday.
Some Chipotle customers say undeterred by E. coli outbreak
NEW YORK (Reuters) – Diners at Chipotle Mexican Grill locations on Saturday said freshness and convenience outweighed concerns about contamination following the news that food poisoning cases had erupted at the chain’s locations in six U.S. states.
Monetary policy risks becoming ineffective in low growth world: ECB Coeure
BERKELEY, Calif (Reuters) – Monetary policy risks becoming ineffective in a world where growth is sluggish, economies are deeply interconnected and interest rates are already near zero, a top European Central Bank policy maker said on Saturday.
Fed may need permanently big balance sheet, Williams says
BERKELEY, Calif. (Reuters) – The U.S. Federal Reserve and other global central banks may need to consider new tools in a world of permanently lower interest rates, including keeping big balance sheets or using negative interest rates to combat shocks, …
Ford union workers ratify new four-year U.S. labor pact: UAW
DETROIT (Reuters) – Ford Motor Co’s U.S. union workers narrowly approved a four-year labor contract after a late push for support by United Auto Workers leaders, the UAW said late Friday night.
U.S. expects F-35 to be part of Canada’s next jet competition
WASHINGTON (Reuters) – The Pentagon expects the new Canadian government to allow Lockheed Martin Corp’s F-35 fighter aircraft to compete to replace Canada’s aging CF-18 jets, despite the Liberal Party’s stated opposition to the planes, U.S. Deputy Defe…
Euro zone agrees Greece can get next loan tranche, cash for bank recap
BRUSSELS (Reuters) – Greece has done all the reforms in the a first package of measures agreed with euro zone creditors, which paves the way for Athens to get the next tranche of loans, the head of euro zone finance ministers Jeroen Dijsselbloem said o…
Volkswagen denies German report of sales slump on CO2 confession
FRANKFURT (Reuters) – Volkswagen denied a report on Saturday that its sales have slumped since this month’s admission that it had understated the level of carbon dioxide emissions for some cars.
