Wall St. inches down on Greece, China worries
(Reuters) – U.S. stocks eased on Thursday as mixed messages about Greece’s debt talks kept investor uncertainty high along with a sharp drop in Chinese shares after brokers tightened margin rules.
Fed rate hike in 2015 not consistent with mandate: Kocherlakota
HELENA, Montana (Reuters) – A U.S. interest rate hike this year would be a mistake, a top Federal Reserve official said on Thursday, and would represent a missed opportunity to boost employment and too-low inflation in an economy that has plenty of roo…
No change in Greek debt talks after another day of spin
BRUSSELS (Reuters) – The euro leapt, Greek bond yields fell, global financial markets brightened, but nothing actually changed in another day of conflicting statements on Greece’s long-running debt talks with international creditors.
Workers at Deutsche Bank HQ call for Jain to quit as job cuts loom
FRANKFURT (Reuters) – Labor representatives at Deutsche Bank’s Frankfurt headquarters called on Thursday for the resignation of co-Chief Executive Anshu Jain as Germany’s largest lender prepares to slash jobs.
U.S. reaches deals with four more banks under Swiss program
WASHINGTON/NEW YORK (Reuters) – Four more Swiss banks have cut deals with the U.S. Department of Justice to avoid possible prosecution for helping Americans evade taxes, the department said on Thursday.
Fed’s Bullard: low rate vow is ‘not helpful,’ GDP targeting is
(Reuters) – Forward guidance and bond-buying, two mainstays of global central banking since the 2007-2009 financial crisis, may actually be of little use in jump-starting a moribund economy, a study by a top Federal Reserve official showed on Thursday….
Delta Air Lines says seeks Asia alliances
TOULOUSE, France (Reuters) – Delta Air Lines is interested in forging alliances with carriers in Asia, the airline’s president said on Thursday.
Abercrombie signals better year as Hollister sales improve
(Reuters) – Abercrombie & Fitch Co said its business was showing signs of recovery as sales of its Hollister-branded clothes improved, suggesting that recent efforts to revitalize the teen apparel retailer may be starting to pay off.
U.S. housing data, sturdy jobs market buoy growth outlook
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes rose for a fourth straight month in April to a nine-year high, buoying the outlook for the housing market and the overall economy.
Citigroup CEO defends credit card deal with Costco
NEW YORK (Reuters) – Citigroup Inc CEO Mike Corbat said the deal the bank made with Costco Wholesale Corp to replace American Express Co as the issuer of credit cards for the retailer will be profitable for his shareholders.
