Tag Heuer, Intel challenge Apple with Android smartwatch
BASEL, Switzerland (Reuters) – Tag Heuer, French luxury group LVMH’s biggest watch maker, said it will launch a smartwatch later this year using Google Inc’s Android operating system in a venture with Intel Corp to compete head-on with the Apple Watch….
Fed to soon propose debt rule for bank emergency plans: Tarullo
WASHINGTON (Reuters) – The Federal Reserve is expected to issue a new rule in the coming months involving a long-term debt requirement for banks’ emergency plans, a top Fed official said on Thursday.
Volvo could oust CEO as time runs down on profit push-report
STOCKHOLM (Reuters) – After almost four years at the helm of truck maker Volvo and with time running out on showing the boon from cost cuts, chief executive Olof Persson may soon be heading for the exit, Swedish business daily Dagens Industri reported….
GoDaddy’s IPO to value Web hosting company at up to $2.87 billion
(Reuters) – Web hosting company GoDaddy Inc’s initial public offering is expected to value the company at up to $2.87 billion and comes at a time when there has been a steep fall in the number of companies going public in the United States.
Fed opens door wider for rate hike but downgrades economic outlook
WASHINGTON (Reuters) – The Federal Reserve on Wednesday moved a step closer to hiking rates for the first time since 2006, but downgraded its economic growth and inflation projections, signaling it is in no rush to push borrowing costs to more normal l…
Stock futures flat after Fed cuts growth, inflation projections
NEW YORK (Reuters) – U.S. stock index futures were little changed on Thursday after the Federal Reserve on Wednesday removed a reference to being “patient” on interest rates out of its policy statement but indicated that it was in no rush to hike borro…
U.S. firms use cheap euros to access dollars, but window closing
LONDON (Reuters) – The stark divergence between U.S. and euro zone monetary policy has made it more attractive than ever for U.S. companies to raise cash in euros and swap it back into dollars this year, but that window of opportunity could be closing….
French retailer Carrefour returning to Algeria – source
PARIS (Reuters) – Carrefour is preparing to return to Algeria after a six-year absence, as part of a drive to tap booming consumer demand in Africa.
Factbox: How low can they go? Central bank policy easing in 2015
(Reuters) – Sweden’s central bank surprised markets on Wednesday by cutting interest rates further below zero and increasing its bond-buying stimulus program, reflecting its determination to prevent the crown’s recent rise from snuffing out a pick-up i…
Global stocks and bonds roar Fed approval, dollar fights back
LONDON (Reuters) – World shares rose back towards all-time highs and a slump then jump in the dollar triggered wild moves in currency markets on Thursday, as investors priced in a later start and a slower pace for future U.S. rate rises.
