Fed’s Mester says central bank not behind curve in setting policy: CNBC
WASHINGTON (Reuters) – Policy at the Federal Reserve is keeping pace with developments in the economy and the Fed is not falling behind the curve in planning its first interest rate increase, Cleveland Fed president Loretta Mester said on Friday.
BlackRock CEO warns policymakers about impact of low rates on savers
PARIS (Reuters) – BlackRock Inc Chief Executive Larry Fink said on Friday it was essential for policymakers to consider how economies are being affected by the behavior of savers, who have cut back on consumption because of low yields.
Ruble rocked, strong U.S. job numbers awaited
LONDON (Reuters) – A deepening crisis of confidence in the ruble dominated European financial markets on Friday, with signs the head of Russia’s central bank was discussing her options helping the currency recover some of this week’s more than 10-perce…
Home Depot says about 53 million email addresses stolen in breach
(Reuters) – Home Depot Inc, the world’s largest home improvement chain, said hackers stole about 53 million email addresses in addition to customer data for 56 million payment cards previously disclosed by the retailer.
U.S., European authorities arrest 16 online drug, weapons traders
AMSTERDAM (Reuters) – U.S. and European authorities have arrested 16 suspected members of underground drugs and weapons cybermarkets this week, in addition to the alleged operator of the website known as Silk Road 2.0, Europe’s police agency Europol sa…
Turnover on NY bankruptcy court brings heightened uncertainty
NEW YORK (Reuters) – The stable of judges on Manhattan’s federal bankruptcy court is undergoing dramatic turnover that could bring more uncertainty to one of the go-to venues for rescuing companies on the brink of financial ruin.
U.S. fracking firms stay in top gear despite oil price slump
NEW YORK (Reuters) – Unfazed by slumping oil prices and battering in the stock market, firms that supply sand and guar gum for shale oil and gas companies are not ready yet to call an end to a four-year boom spurred by hydraulic fracturing technology.
Facing U.S. safety probe, Honda expands air bag recall
DETROIT (Reuters) – Honda Motor Co, facing a U.S. safety probe, strengthened its recall of U.S. cars to replace potentially defective Takata Corp air bags linked to several deaths.
Takata executives ordered technicians to erase air bag test results: report
TOKYO (Reuters) – Takata Corp, the Japanese auto parts maker at the center of a global vehicle recall, ordered its technicians to destroy results of tests on some of its air bags after finding cracks in air bag inflators, the New York Times said on Fri…
Fed’s Mester sees 2015 rate rise, confident on inflation
NEW YORK (Reuters) – The U.S. Federal Reserve will likely raise interest rates next year since inflation, while a bit low now, remains stable and should rise to target by the end of 2016, a top Fed official said on Thursday.
