Fed officials worried about hiking rates too soon: minutes
WASHINGTON (Reuters) – Federal Reserve policymakers expressed concern last month that raising interest rates too soon could pour cold water on the U.S. economic recovery, and fretted over the impact of dropping “patient” from the central bank’s rate gu…
Regulators give three non-banks more time for living wills
WASHINGTON (Reuters) – The Federal Reserve and the Federal Deposit Insurance Corporation gave three non-bank firms more time to submit plans that lay out how they can be wound down through bankruptcy in a crisis, the regulators said on Wednesday.
Swiss prosecutor raids HSBC office, opens criminal inquiry
GENEVA (Reuters) – Geneva’s public prosecutor searched HSBC’s lakeside Swiss office on Wednesday after opening a criminal inquiry into allegations of aggravated money laundering, the second probe to hit the bank this week.
Cheaper crude oil subdues U.S. producer inflation; housing starts fall
WASHINGTON (Reuters) – U.S. producer prices recorded their biggest drop in more than five years in January as the cost of energy and a range of other goods tumbled, hinting at a disinflationary trend that could argue against the Federal Reserve raising…
HSBC whistleblower says would face Swiss trial under conditions
ZURICH (Reuters) – Herve Falciani, the former HSBC employee who supplied information on the bank’s clients and their tax situation, said he was willing to return to Switzerland to stand trial if he was given assurances that he would not face immediate …
Creditors say RadioShack timed Ch. 11 for hedge fund trade: filing
(Reuters) – Unsecured creditors of RadioShack Corp said the electronics retailer timed its bankruptcy to benefit a hedge fund trading strategy even though it cost the company millions of dollars in added losses, according to a court filing.
Germany’s ‘Sun King’ seeks to rebuild empire from the U.S
FRANKFURT/LOS ANGELES (Reuters) – German solar energy pioneer Frank Asbeck is betting that the United States can rehabilitate him and his company SolarWorld , which he rescued from the jaws of insolvency two years ago, making himself an industry outcas…
Boeing CEO vows to maintain cash to shareholders, 777 production rate
(Reuters) – Boeing Co will keep returning significant cash to shareholders and will not cut production of wide-body 777 jetliners as it shifts to a new version later this decade, Chief Executive Officer Jim McNerney said on Wednesday.
Exclusive: EU regulators likely to probe deeper into GE, Alstom deal – sources
BRUSSELS (Reuters) – General Electric’s 12.4-billion-euro ($14.08 billion) bid for Alstom’s power equipment business is likely to face a full-scale investigation by EU antitrust regulators, three people familiar with the matter said on Wednesday.
Family owners of Ferrari say will not sell stake
MODENA, Italy (Reuters) – Piero Ferrari, son of the eponymous luxury sports car company’s founder Enzo Ferrari, said on Wednesday he had no intention to sell the 10 percent stake his family owns in the company.
