BOJ’s Kiuchi warns GDP rebound may be weaker than expected
KOBE Japan (Reuters) – Sluggish exports and factory output could mean the Japanese economy’s post-tax hike rebound in the third quarter may be weaker than expected, a central bank policymaker has said, warning of clouds hanging over its stimulus progra…
Amazon quickens push into tough local services market
SAN FRANCISCO (Reuters) – Seattle audio and video technician Todd Mueller showed up last year for what might have been a routine job except for one thing: Amazon.com Inc was taking notes. As he mounted a flat-screen TV on the wall, an Amazon employee s…
China should set less ambitious 2015 growth target, refrain from stimulus: IMF
BEIJING (Reuters) – China should set an economic growth target of 6.5-7 percent for 2015 and refrain from stimulus measures unless the economy threatens to slow sharply from that level, the International Monetary Fund said on Thursday.
Argentina fails to reach debt agreement, default imminent
BUENOS AIRES/NEW YORK (Reuters) – Argentina will default on its debt within hours after talks with holdout creditors broke down on Wednesday.
Exclusive: Cuomo intervened in BNP deal to get $1 billion more for NY state fund
(Reuters) – Only days before U.S. authorities reached a landmark $8.97 billion settlement with BNP Paribas over the bank’s dealings with countries subject to U.S. sanctions, New York Governor Andrew Cuomo intervened to ensure the state government got a much bigger share of the proceeds, according to three people familiar with the situation.
Fed nods to firmer prices yet still focused on labor weakness
WASHINGTON (Reuters) – The Federal Reserve on Wednesday reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the U.S. economy and expressed some comfort that inflation was moving up toward its target.
Apple to lay off about 200 people at Beats: Bloomberg
(Reuters) – Apple Inc intends to lay off about 200 people at Beats Electronics LLC following its $3 billion acquisition of the headphone and music streaming services company, Bloomberg cited a person with knowledge of the restructuring as saying.
Exclusive: Cuomo intervened in BNP deal to get $1 billion more for NY state fund
(Reuters) – Only days before U.S. authorities reached a landmark $8.97 billion settlement with BNP Paribas over the bank’s dealings with countries subject to U.S. sanctions, New York Governor Andrew Cuomo intervened to ensure the state government got a much bigger share of the proceeds, according to three people familiar with the situation.
Argentina fails to reach debt agreement, default looms
BUENOS AIRES/NEW YORK (Reuters) – Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors ended without a settlement on Wednesday.
Yum says China food safety scare hurting KFC, Pizza Hut sales
(Reuters) – Yum Brands Inc on Wednesday said a television expose showing improper meat handling by one of its Chinese suppliers caused “significant, negative” damage to sales at its KFC and Pizza Hut restaurants over the past 10 days.
