Fed set to end one crisis chapter even as global risks rise
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday is expected to shutter its bond-buying program, closing one controversial chapter in its crisis response even as it struggles to manage a full return to normal monetary policy.
World Bank urges China to cut economic growth target to seven percent in 2015, focus on reforms
BEIJING (Reuters) – China can cut its economic growth target to 7 percent next year without hurting its labor market, the World Bank said on Wednesday even as it urged Beijing to get rid of rigid growth objectives.
Studies find fast traders get data from SEC seconds early: WSJ
(Reuters) – Hedge funds and other rapid-fire investors get access to market-moving documents before other users of the Securities and Exchange Commission’s system for distributing company filings, giving them a possible edge on the rest of the market, …
The equity cult alive and kicking, despite deflation threat
LONDON (Reuters) – Anyone betting on another “Great Rotation” of investment flows out of bonds and into stocks is in for disappointment: it’s not happening, and isn’t going to.
Global consumer confidence improves, India most bullish: Nielsen
LONDON, (Reuters) – Consumer confidence in the United States jumped in the third quarter and improved globally, although people were more optimistic about job prospects than their personal finances, a survey showed on Wednesday.
Exclusive: BAE Systems says U.S. halted its work on F-16 upgrades for South Korea
WASHINGTON (Reuters) – The U.S. unit of Britain’s BAE Systems Plc on Tuesday said the U.S. Air Force has halted some of the company’s initial work on a project to upgrade South Korea’s F-16 fighter jets amid ongoing talks about the second phase of the …
Airbus plans to start first U.S. factory with larger A321 jet
NEW YORK (Reuters) – Airbus Group said on Tuesday it plans to start production at its first U.S. factory with the larger A321 jetliner instead of the A320 as originally planned, a move that reflects rising demand for the bigger jet.
Exclusive: Chanos takes profit on his top 2014 short sale – Brazil
NEW YORK (Reuters) – Hedge fund manager Jim Chanos, the prominent short-seller, said Tuesday he has lightened up on some of his bets against Brazil, saying most of the country’s downside risk is priced in after the sharp selloff over the past two month…
Deutsche Bank reshuffles board to sharpen legal focus
FRANKFURT (Reuters) – Deutsche Bank reshuffled and expanded its management board by naming a Goldman Sachs banker as chief financial officer and creating a new board role to sharpen the bank’s focus on resolving a long list of lawsuits and investigatio…
Facebook warns of increased spending, shares fall
SAN FRANCISCO (Reuters) – Facebook Inc warned on Tuesday of a dramatic increase in spending in 2015 and projected a slowdown in revenue growth this quarter, slicing a tenth off its market value.
