Market turmoil shouldn’t delay at least one Fed rate hike: Bullard
JACKSON HOLE, Wyo. (Reuters) – Recent market turmoil should not delay the Federal Reserve from raising U.S. interest rates at least once, given that the selloff and a slowdown in China have so far had little effect on the U.S. economy, a top Fed offici…
British payments glitch at HSBC leaves thousands without wages
LONDON (Reuters) – HSBC reported a computer glitch on Friday which it said prevented some of its British business customers from making payments, leaving thousands of workers without wages ahead of a three-day weekend.
Stock futures fall after two-day market rally
(Reuters) – U.S. stock index futures fell on Friday, after a two-day market rally, suggesting nervousness heading into the weekend after a hair-raising ride for global markets in the past few days.
China’s central bank likely to ease policy again by end-December: Reuters poll
(Reuters) – China’s central bank is highly likely to ease monetary policy again by the end of this year, according to economists surveyed by Reuters, as it seeks to support a rapidly cooling economy and calm financial markets.
Carlyle in talks on $770 million takeover of UK’s Innovation Group
LONDON (Reuters) – U.S. private equity firm Carlyle is in advanced talks about buying Innovation Group for 40 pence a share in cash, valuing its equity at almost 500 million pounds ($769 million), the British software company said on Friday.
Accused U.S. ‘flash crash’ trader fails to have UK extradition case postponed
LONDON (Reuters) – A London-based day-trader accused by the United States of market manipulation that contributed to the Wall Street “flash crash” in 2010, failed to persuade a court on Friday to postpone his extradition hearing.
Prosecutor seeks to summon Murdoch in Deutsche Bank trial
MUNICH (Reuters) – Munich prosecutors requested that 30 additional witnesses including Rupert Murdoch, publisher Friede Springer and Axel Springer Chief Executive Mathias Doepfner be summoned in a trial against Deutsche Bank executives.
Wild week for markets set to end with whimper
LONDON (Reuters) – A white-knuckle ride for global markets this week looked set to end with a whimper on Friday, with equities and commodities giving up some of their eye-popping bounces as investors turned their focus back to central banks’ ability to…
VW Finance sees boost from China reserves policy move
BEIJING (Reuters) – When China’s central bank singled out auto financing companies for extra help on Tuesday, it effectively freed up more than 200 million yuan ($30 million) for Volkswagen AG’s China finance unit, which it can use to boost falling car…
Days numbered for barcodes as shoppers demand more data
BERLIN (Reuters) – Growing demand for more information about the products we buy could mean the end of the simple barcode – the blocks of black and white stripes that adorn most objects for sale and are scanned five billion times a day.
