Fed’s Bullard says zero U.S. rates no longer appropriate
LONDON (Reuters) – Federal Reserve policymaker James Bullard said on Tuesday that zero percent interest rates were no longing appropriate in the United States, and that a rate hike in the summer would still leave policy extremely accommodative.
U.S. new home sales hit seven-year high in February
New U.S. single-family home sales surged in February to their highest level in seven years despite harsh winter weather, in a hopeful sign for the housing market.
U.S. factory activity inches up in March – Markit
Growth in the U.S. manufacturing sector edged higher in March, with factory activity showing the best gain since October, according to an industry report released Tuesday.
China March flash HSBC PMI contracts to 11-month low, fans policy easing expectations
BEIJING (Reuters) – Activity in China’s factory sector dipped to a 11-month low in March as new orders shrank, a private survey showed, signaling persistent weakness in the world’s second-largest economy that will likely fuel calls for more policy easi…
Strong euro zone business data sends euro, shares higher
LONDON (Reuters) – The euro rose and European shares edged up on Tuesday, responding to signs the euro zone economy is gaining momentum, while a slowdown in factory activity in China kept oil and commodities-linked assets under pressure.
U.S. law firm rallies Tesco investors to join lawsuit
LONDON (Reuters) – A U.S. law firm is asking Tesco shareholders to join a group that wants to bring a lawsuit and seek billions of pounds in compensation for losses relating to the British retailer’s overstatement of profit last year.
Oil below $56 as Saudi output near record, China activity slows
LONDON (Reuters) – Brent crude oil held below $56 a barrel on Tuesday on signs of slowing growth in China and as Saudi Arabia said its production was close to an all-time high.
Airbus says RwandAir signs MOU for two A330 aircraft
PARIS (Reuters) – RwandAir, the national flag carrier of the Republic of Rwanda, has signed a memorandum of understanding for two A330 aircraft, European planemaker Airbus said on Tuesday, in a deal worth around $500 million based on list prices.
Hyundai Motor targets 5 percent U.S. sales growth this year
SEOUL (Reuters) – South Korea’s Hyundai Motor aims to boost its U.S. sales by 4.7 percent this year, ahead of the industry’s projected growth rate, despite a consumer shift to SUVs and pick-up trucks.
Oil ETF investors, not just OPEC, hold sway over crude market
NEW YORK (Reuters) – Tumult in Libya, U.S. rig counts, production plans of the oil exporting cartel and a pact on nuclear relations with Iran can all affect crude supply and demand, but oil traders have kept an equally close watch on retail investors i…
