Fed says it is data dependent, but whose data?
WASHINGTON/SAN FRANCISCO (Reuters) – The Federal Reserve says it will depend on straightforward data analysis in deciding when to raise U.S. interest rates.
Oil slides after big U.S. gasoline build offsets crude draw
NEW YORK (Reuters) – Crude oil futures settled down more than 1 percent on Wednesday after a government report showing an eighth straight weekly drop in U.S. crude stockpiles was offset by a large build in refined products.
Boeing plans to further slow 747 jet production in 2016
SEATTLE (Reuters) – Boeing Co said on Wednesday it would slow production of its 747-8 jumbo jet by 23 percent to one per month starting in March, an effort to keep the production line running amid sluggish demand for the iconic, humped-top plane.
Fiat Chrysler CEO says long way from lobbying GM investors
ARESE, Italy (Reuters) – Fiat Chrysler Automobiles is a long way from making any offer to the shareholders of U.S. rival General Motors over a possible tie-up, FCA Chief Executive Sergio Marchionne said on Wednesday.
Powerful Brazil CEO arrested in Petrobras graft probe
(This story corrects name of prosecutor in fourth paragraph to Lima from Limas)
Monsanto says it still wants Syngenta; profit beats estimates
(Reuters) – Monsanto Co , the world’s largest seed company, said on Wednesday it would still pursue an acquisition of Swiss rival Syngenta AG , which has rebuffed talks about its $45 billion offer, even as it warned of market challenges ahead.
U.S. firms fear financing drought as trade bank deadline looms
WASHINGTON (Reuters) – A battle in Congress that could shut down the U.S. Export-Import (Ex-Im) Bank next week is already causing headaches for small exporters as they try to stop customers from defecting to foreign competitors and as export financing …
Uncertain future for global diamond trade as profits vanish
TEL AVIV (Reuters) – The family businesses that make up the global diamond trade have seen their profits wiped out over the past five years, hit by shaky financing, increased costs and uncertain demand from customers who prefer hi-tech gadgets to bling…
Julius Baer shares hit record high on U.S. tax probe news
ZURICH (Reuters) – Julius Baer stock jumped nearly 6 percent to an all-time high on Wednesday after the Swiss private bank said it would book an initial $350 million for an expected settlement in a U.S. tax probe, far less than the market had expected….
AstraZeneca loses second top executive as Vectura gets new CEO
LONDON (Reuters) – AstraZeneca has lost a second senior executive in a fortnight with the departure of its respiratory and inflammatory medicines head James Ward-Lilley to become chief executive of lung drug specialist Vectura.
