Citi lost more than $150 million on currency swings: Bloomberg
(Reuters) – Citigroup Inc , the world’s biggest currencies dealer, lost more than $150 million after the Swiss central bank decided to let the franc trade freely against the euro, Bloomberg reported.
Gasoline dampens U.S. inflation; mid-year rate hike in doubt
WASHINGTON (Reuters) – U.S. consumer prices recorded their biggest drop in six years in December and a gauge of underlying inflation was flat, which could make the Federal Reserve more cautious about raising interest rates.
U.S. safety regulators open probe into new Jeep Cherokees after fire
DETROIT (Reuters) – U.S. safety regulators said on Friday they have opened an investigation into an estimated 50,415 newer Jeep Cherokee SUVs, a key model for the profitability of Fiat Chrysler Automobiles, after receiving complaints of engine compartm…
After SNB shock, ‘Swiss Made’ may mean more expensive
ZURICH (Reuters) – “Swiss Made” has traditionally stood for quality, precision and reliability. But after a shock move to scrap the cap on the franc, it could convey a less attractive message: Made more expensive.
Fed’s Williams sees mid-year rate hike still in play
SAN FRANCISCO (Reuters) – The Federal Reserve is still on track for a potential mid-year interest-rate increase, a top Fed official said on Friday, citing strong U.S. economic momentum despite weakness abroad.
Fed should not tighten policy in 2015, Kocherlakota says
(Reuters) – The Federal Reserve should keep rates near zero for all of 2015, Minneapolis Fed President Narayana Kocherlakota reiterated on Friday, or risk slowing U.S. job growth and inflation’s return to the Fed’s 2 percent goal.
U.S. bank results signal bonus dip for London and New York bankers
LONDON (Reuters) – London and Wall Street bankers look set to get slightly lower bonuses for 2014 than the year before, based on pay details released this week by big U.S. banks and expectations in the industry.
Schwab quarterly profit grows on higher interest revenue
(Reuters) – Charles Schwab Corp reported earnings of $350 million in the last quarter of 2014 as higher interest income and $33 billion of new client assets supplemented modest gains in client trading revenue during a bullish quarter for stocks.
Federal Reserve to launch community advisory council
WASHINGTON (Reuters) – The U.S. Federal Reserve said Friday it will establish a community advisory council of 15 citizens to meet regularly with central bank officials for a broad conversation on the state of the economy.
Alibaba’s latest mobile messaging effort: social networking for businesses
BEIJING (Reuters) – China’s Alibaba Group Holding Ltd , the world’s biggest e-commerce company, is piloting a mobile messaging app aimed at marrying social networking with business, an Alibaba spokeswoman said on Friday, as the company expands its ente…
