Fed awaiting evidence global chill not knocking U.S. off track
WASHINGTON (Reuters) – The U.S. Federal Reserve thought the economy was close to warranting an interest rate hike in September but policymakers wanted firmer evidence a global economic slowdown was not knocking America off course.
Germany’s Schaeffler rises in market debut
FRANKFURT (Reuters) – Shares in car parts maker Schaeffler rose 8 percent in their market debut on Friday as investors bet on a recovery of automotive stocks in the wake of carmaker Volkswagen’s emissions scandal.
Global stocks eye biggest rally in four years on Fed relief
LONDON (Reuters) – World stocks rose on Friday, putting them on course for their biggest weekly rise in four years after minutes of the Federal Reserve’s last policy meeting showed the U.S. central bank is in no rush to raise interest rates.
China Resources unit to sell Wal-Mart China store stakes for $525 million
SHANGHAI (Reuters) – A unit of conglomerate China Resources Corp plans to sell minority stakes it holds in 21 Wal-Mart Stores Inc outlets around China, a spokesman for the U.S. retailer told Reuters on Friday.
Volkswagen guarantees 4.2 billion euro Spanish investment
MADRID (Reuters) – German carmaker Volkswagen , grappling with a scandal over rigged emissions tests, has guaranteed a 4.2-billion euro ($4.8 billion) investment in Spain, Industry Minister Jose Manuel Soria said on Friday.
IMF told that amid ‘new mediocre’ no room for mistakes by central banks
LIMA (Reuters) – Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund’s …
U.S. House slams regulators for not catching VW for years
WASHINGTON (Reuters) – Volkswagen AG’s U.S. chief executive blamed “individuals” for using software to cheat on diesel emissions at a House hearing on Thursday as lawmakers attacked federal environmental regulators for failing to catch the fraud for ye…
Chevron extends job cuts to global trading desks
NEW YORK (Reuters) – Chevron Corp is cutting staff on its global energy trading desks this week, sources said on Thursday, making it the latest division to face reductions as part of a $3 billion cost-saving plan brought on by low crude oil prices.
ULA needs relief on Russian engines before GPS launch bid: CEO
CAPE CANAVERAL, Fla./WASHINGTON (Reuters) – United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co , on Friday said it cannot bid in a U.S. Air Force competition to launch a GPS satellite unless it gets some relief from a ban on …
Proposed Fiat Chrysler UAW pact gradually ends two-tier pay: sources
DETROIT/KOKOMO, Ind. (Reuters) – The latest proposed four-year contract for Fiat Chrysler Automobiles NV’s U.S. unionized workers would over time eliminate the much-maligned two-tier pay structure, allowing new hires to reach top pay within eight years…
