U.S. questions China at WTO on banking technology restrictions
GENEVA (Reuters) – The United States is concerned about China’s restrictions on the use of foreign information technology equipment by the banking sector, according to a filing published by the World Trade Organization on Thursday.
Risk-shy banks and companies keep euro zone credit on tight leash
MADRID/MILAN (Reuters) – The euro zone credit cycle is a whisker away from turning positive but don’t expect a rapid recovery.
Fed officials say rate hike plan intact despite weak U.S. data
DETROIT (Reuters) – The Federal Reserve should remain on track to raise interest rates later this year despite the U.S. economy’s weak start to the year and a stock market sell-off this week, two Fed officials said on Thursday.
ECB’s Draghi says money printing already helping recovery
ROME (Reuters) – Bond-buying by the European Central Bank will reinforce the euro zone’s economic recovery, its president, Mario Draghi, said on Thursday, adding that there was already evidence that the scheme was taking effect.
Low interest rates causing ‘huge problems’ in Germany: Schaeuble
BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble said on Thursday that record low interest rates were causing considerable problems in Germany but added that he was not criticizing the European Central Bank which needed to defend its infla…
U.S. jobs, services sector data point to growth rebound
WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits fell more than expected last week while activity in the services sector hit a six-month high in March, underscoring the economy’s solid fundamentals despite a recent …
Leaked Pacific trade pact draft shows investment carve-outs sought
WASHINGTON (Reuters) – Australia’s medicine subsidies, Canadian films and culture, and capital controls in Chile would be carved out from investment protection rules being negotiated in a Pacific trade pact, according to a draft text released by Wikile…
Fed’s Lockhart says economy is in solid shape for rate tightening cycle
WASHINGTON (Reuters) – Atlanta Federal Reserve Bank president Dennis Lockhart said on Thursday there was little risk of a misstep that would force the Fed to lower rates once it begins raising them.
Fast-growing ‘smart’ funds in regulators’ sights
LONDON (Reuters) – Funds that mimic strategies used by active managers for a fraction of the cost could be forced to carry a health warning by regulators who are concerned they may pose greater risks than are being disclosed.
U.S. March services sector activity index rises to highest since Sept: Markit
NEW YORK, March 26 (Reuters) – The U.S. services sector expanded in March at its fastest pace since September, an industry report showed on Thursday.
