Ukraine reaches ‘win-win’ deal with creditors on $18 billion debt
KIEV (Reuters) – Ukraine reached what its finance minister called a “win-win” deal with its largest group of creditors to ease repayments on its $18 billion debt, winning breathing space for an economy drained by the cost of fighting with pro-Russian s…
Oil services firms beat expectations, tough times loom
LONDON/BANGALORE (Reuters) – Oil and gas service companies have fared better than expected in the first half of the year despite a weak market, thanks to deep-pocketed Middle Eastern customers and stringent cost cuts.
Stocks fly after U.S. data, Fed official cools on rate hike
NEW YORK (Reuters) – Stock markets around the world rallied on Thursday, helped by strong U.S. economic data and after a U.S. Federal Reserve policymaker hinted Wednesday that a September interest rate hike was unlikely.
Stock gains drove U.S. corporate director pay to $250,000 in 2014: study
BOSTON (Reuters) – Pay for outside directors at large U.S. companies reached a record $250,000 last year, driven by higher stock values, according to a study released on Thursday by consulting firm Towers Watson.
Drugmaker Abbott says not pursuing an offer for St Jude Medical
(Reuters) – Drugmaker Abbott Laboratories , knocking down a report in the Financial Times, denied on Thursday that it was preparing a bid for medical device maker St Jude Medical Inc .
Pending home sales rise in July
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes rose less than expected in July, but continued to suggest upward momentum in the housing market recovery.
Market strains warrant caution on rate hikes: Fed’s George
WASHINGTON (Reuters) – A Federal Reserve policymaker who has argued for a near-term U.S. interest rate hike said central bankers should take a “wait-and-see” approach to tightening policy due to a financial market sell-off and China’s economic slowdown…
ESM’s Regling says Greek debt relief possible, but no haircut
BERLIN (Reuters) – The head of the European Stability Mechanism said on Thursday that options for easing Greece’s debt burden included extending loan maturities, suspending interest payments and transferring central bank profits, but he ruled out a deb…
Jobless claims fall more than expected
WASHINGTON, Aug 27 (Reuters) – The number of Americans filing new applications for unemployment benefits fell more than expected last week, pointing to a steadily firming labor market.
The euro is irreversible despite its faults: ECB’s Coeure
FRANKFURT (Reuters) – The euro is an irreversible project even though the people of Europe lack confidence in the currency union’s ability to deliver all promised benefits, European Central Bank executive board member Benoit Coeure said on Thursday.
