GM’s Opel to cut output at two German plants over Russia
BERLIN (Reuters) – General Motors Co’s Opel division is to cut production at two German factories as it grapples with lost volume after exiting the plunging Russian market.
U.S. inflation, housing data bolster rate hike argument
WASHINGTON (Reuters) – U.S. consumer prices rose for a fifth straight month in June as the cost of gasoline and a range of other goods increased, further signs of firming inflation that strengthen the case for an interest rate hike this year.
Fed proposes tweaks to stress test rules for banks
WASHINGTON (Reuters) – The U.S. Federal Reserve on Friday proposed a rule to make changes to its annual exam of the financial health of the banks it oversees, the so-called stress tests.
Exclusive: Monsanto says any hostile bid for Syngenta some way off
ST. LOUIS, MO (Reuters) – Any hostile bid by Monsanto Co for Swiss rival Syngenta AG is some way off, the U.S. seed company’s president and chief operating officer told Reuters, adding he was focused on trying to secure a negotiated deal.
German lawmakers back Greek bailout talks despite rebellion
BERLIN (Reuters) – German lawmakers gave their go ahead on Friday for the euro zone to negotiate a third bailout for Greece, heeding a warning from Chancellor Angela Merkel that the alternative to a deal with Athens was chaos.
TD Bank to pay $20 million to settle Ponzi scheme lawsuit: attorney
NEW YORK (Reuters) – TD Bank has agreed to pay $20 million to settle a class action lawsuit accusing it of aiding a Ponzi scheme that allegedly bilked over a thousand European investors of more than $223 million, a lawyer for the investors said on Frid…
E-commerce website Etsy shares soar after Google mention
(Reuters) – Shares of e-commerce website Etsy jumped 30 percent on Friday thanks to a nod from Google during its quarterly conference call.
Fed’s Fischer urges no further limiting of emergency lending rules
WASHINGTON (Reuters) – Federal Reserve Vice Chair Stanley Fischer said on Friday there should be no further limits put on the U.S. central bank’s emergency lending powers.
Honeywell profit beats estimates as cost controls pay off
(Reuters) – Honeywell International Inc reported a better-than-expected increase in quarterly profit as the maker of aircraft parts and climate control systems reined in costs amid declining sales.
Opportunities open up as U.S., UK prepare to go it alone on rates
LONDON (Reuters) – Amid all the uncertainty swirling around financial markets, one clear picture is emerging for investors: U.S. and UK interest rates will soon rise, while most of the rest of the world is easing monetary policy.
