Rosengren sees gradual Fed rate hikes, downplays timing
NEW YORK (Reuters) – The Federal Reserve will probably only gradually raise interest rates, irrespective of whether it decides to take the first step a few months earlier or later, a top U.S. central banker said on Tuesday.
Exclusive: Mexico withheld millions in tax refunds from P&G, Unilever, Colgate
MEXICO CITY (Reuters) – Mexico’s government withheld hundreds of millions of dollars in tax refunds owed to Procter & Gamble, Unilever, and Colgate combined as it sought to coax them and other multinationals to pay more income tax locally, according to people close to the talks.
Hit by cheap oil, Canada’s economy falls into recession
OTTAWA (Reuters) – The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the financial crisis, with a plunge in oil prices spurring companies to chop business investment.
Fiat Chrysler to move Jeep Cherokee production out of Ohio: Automotive News
(Reuters) – Fiat Chrysler Automobiles NV will move the production of Jeep Cherokee out of Toledo, Ohio as the automaker readies the facility for producing its redesigned Jeep Wrangler, Automotive News website reported.
Google redesigns iconic logo for the fifth time
(Reuters) – Google Inc unveiled a redesign of its iconic logo on Tuesday, the fifth such modification since the search engine giant started in 1998, the company said in a blog post.
OPEC magazine op-ed that fueled oil rally baffles insiders
LONDON (Reuters) – An OPEC publication written by the exporter group’s public relations team helped oil prices jump and prompted speculation over a possible shift in output policy – to the bafflement of some OPEC insiders.
Dollar Tree sales miss as Family Dollar acquisition drags
(Reuters) – Discount retailer Dollar Tree Inc’s quarterly sales rose less than analysts had expected as it focused on integrating Family Dollar stores amid intense competition from mass retailers such as Wal-Mart Stores Inc .
General Electric names Beth Comstock as vice chair
(Reuters) – General Electric Co on Tuesday named Beth Comstock, a longtime marketing and communications executive who leads GE Business Innovations, as vice chair.
China stock probes send shivers through investment community
SHANGHAI (Reuters) – Investigations by Chinese authorities into wild stock market swings are spreading fear among China-based investors, with some unsure if they are simply helping with inquiries or actually under suspicion, executives in the financial…
Global factory growth at two-year low – PMI
LONDON (Reuters) – Global factory activity expanded at its weakest pace in just over two years last month, even though discounted prices did drive a modest upturn in new orders, a business survey showed on Tuesday.
