ECB’s Draghi urges euro zone to unite for economic reform
ROME (Reuters) – European Central Bank President Mario Draghi has urged euro zone countries to unite in the task of reforming the bloc’s economies, saying sharing sovereignty was an opportunity and not a threat.
Bank of England confirms EU exit research after email misfire
LONDON (Reuters) – The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a newspaper about the supposedly confidential research proj…
South Korea seeks deeper cooperation with Japan on China-led AIIB
TOKYO (Reuters) – South Korea called on Saturday for deeper cooperation with Japan on a China-led development bank, while Japan remained cautious about the lender, which it and ally the United States have held back from joining.
Yellen tone suggests choppiness for markets ahead
NEW YORK (Reuters) – U.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit chopp…
Justice Department finds criminal wrongdoing in GM ignition switch defect: NYT
WASHINGTON (Reuters) – U.S. Justice Department investigators have identified criminal wrongdoing in General Motors Co’s failure to disclose a defective ignition switch, and they are negotiating what is expected to be a record penalty, the New York Time…
Wall St. ends lower after Yellen comments fail to inspire
(Reuters) – U.S. stocks ended weaker on Friday after Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year, in line with Wall Street’s expectations.
Fed on track to hike rates as economic headwinds wane: Yellen
PROVIDENCE, R.I. (Reuters) – Federal Reserve Chair Janet Yellen was clearer than ever on Friday that the central bank was poised to raise interest rates this year, as the U.S. economy was set to bounce back from an early-year slump and as headwinds at …
Germany, France usher Greece back to negotiating table
RIGA (Reuters) – European leaders told Greece on Friday to return to the negotiating table for “intensive work” to wrap up a reform agreement before cash runs out, sidestepping Athens’ demand for a comprehensive, long-term solution to its troubles.
Microsoft, Salesforce talks fell through on pricing: CNBC
(Reuters) – Microsoft Corp and Salesforce.com Inc held “significant talks” this spring but failed to agree on a price, CNBC reported, citing people familiar with the matter.
Firmer underlying inflation keeps Fed on rate hike path
WASHINGTON (Reuters) – Rising shelter and medical care costs boosted underlying U.S. inflation pressures in April, a welcome sign for the Federal Reserve as it contemplates raising interest rates this year.
