U.S. inflation surprisingly weak, Fed keeps low rates pledge
WASHINGTON (Reuters) – U.S. consumer prices fell for the first time in nearly 1-1/2 years in August and underlying inflation pressures were muted, which could lessen the urgency for the Federal Reserve to raise interest rates.
Uniqlo expects profit at U.S. stores in ‘couple of years’
(Reuters) – Japanese fashion retailer Uniqlo aims to turn a profit at its small but expanding U.S. network of stores within the next couple of years, the company’s top U.S. executive, Larry Meyer, said.
Pimco’s head of emerging market equities Masha Gordon departs
LONDON (Reuters) – Pimco’s London-based emerging market equities head Masha Gordon has left the giant U.S. asset management firm “to pursue other interests”, the company confirmed on Wednesday.
IMF warns of risks from ‘excessive’ financial market bets
WASHINGTON (Reuters) – The global economy faces a growing risk from big financial market bets that could quickly unravel if investors get spooked by geopolitical tensions or a shift in U.S. interest rate policy, the International Monetary Fund said on …
Apple to unveil new iPads, operating system on Oct. 21: report
(Reuters) – Apple Inc is set to launch two new iPads and release the next version of its Mac operating system at its next event on Oct. 21, a Daily Dot report said, citing sources familiar with the matter.
JPMorgan Chase replaces some cards after Home Depot hack
NEW YORK (Reuters) – JPMorgan Chase & Co is replacing some credit and debit cards following the security breach at Home Depot Inc , according to a company spokesman.
Investors seek injunction on sale of insurer by BES successor
LISBON (Reuters) – A group of bondholders of insolvent Espirito Santo Financial Group on Wednesday requested a court injunction against the sale of Portuguese insurer Tranquilidade by the successor of Banco Espirito Santo – rescued by the state last mo…
Banks spend more on IT, hoping the cloud is silver-lined
GENEVA (Reuters) – Two-thirds of banks are planning to spend more on information technology this year, the highest proportion since before the start of the financial crisis, according to an annual survey published on Wednesday.
Shares in Russia’s Sistema plunge with billionaire chairman under house arrest
MOSCOW (Reuters) – Shares in sprawling Russian holding company Sistema plummeted over 30 percent on Wednesday after its billionaire chairman was placed under house arrest, wiping more than $2 billion in value off the company.
Activist investor Peltz pushes DuPont to split itself
(Reuters) – Activist investor Nelson Peltz’s Trian Fund Management LP urged DuPont to break itself up, saying that efforts already underway at the industrial conglomerate to shed some of its businesses were not enough to fix what it called the company’…
