Fed should not raise rates until late 2016: Kocherlakota
BISMARCK, N.D. (Reuters) – Minneapolis Fed President Narayana Kocherlakota on Tuesday laid out a case for waiting until the second half of 2016 to start raising interest rates, and to then raise them gradually to just 2 percent by the end of 2017.
Scandal-hit Petrobras may issue earnings in April: JP Morgan
RIO DE JANEIRO (Reuters) – Petróleo Brasileiro SA, struggling with fallout from a corruption scandal and a decline in oil prices, could release audited financial information this month despite facing “a perfect storm,” analysts at JPMorgan Securities said on Tuesday.
Greek parliament backs setting up committee to investigate bailout
ATHENS (Reuters) – Greek lawmakers voted on Tuesday in favor of setting up a committee to examine the circumstances under which Greece agreed to bailouts totaling 240 billion euros ($260 billion) with the European Union and International Monetary Fund….
Global stocks boosted by M&A pipeline, Fed outlook
LONDON (Reuters) – Global stocks rose on Tuesday, as many European bourses re-opening after the Easter break took on the positive tone set by U.S. markets overnight, with sentiment boosted by a potential trans-Atlantic acquisition.
Viacom to cut jobs, abandon titles, reorganize network groups
(Reuters) – U.S. media company Viacom Inc said it will undertake a restructuring, including cutting jobs, abandoning some acquired titles and reorganizing three of its domestic network groups into two new organizations, to drive growth.
BlackRock’s Fink worries about impact of rising dollar
(Reuters) – The rising value of the dollar is hurting American businesses and could ultimately result in a slowdown in future U.S. growth, BlackRock chief executive officer Larry Fink warned in a letter scheduled to go out to shareholders next week.
Greece moves to quell default fears, pledges to meet ‘all obligations’
WASHINGTON (Reuters) – Greek Finance Minister Yanis Varoufakis said on Sunday that Greece “intends to meet all obligations to all its creditors, ad infinitum,” seeking to quell default fears ahead of a big loan payment Athens owes the IMF later this we…
Venture-backed U.S. IPOs hit lowest levels in two years
(Reuters) – U.S. initial public offerings by venture-backed companies fell to a two-year low in the first quarter of 2015, according to data from the National Venture Capital Association and Thomson Reuters.
Fed watching recent U.S. weakness; rate-hike timing unclear: Dudley
NEWARK, N.J. (Reuters) – The timing of the Federal Reserve’s interest rate hike, which would be its first in nearly a decade, is unclear and for now policymakers must watch that the U.S. economy’s surprising recent weakness does not signal a more subst…
Cuba says U.S. companies won’t get preferential treatment
HAVANA (Reuters) – U.S. companies can expect the same treatment as those from the rest of the world, receiving neither special benefits nor punishment, if there is a further commercial opening between Cuba and the United States, Cuba’s foreign trade mi…
