Premier Li says China’s economy won’t suffer hard landing
LONDON (Reuters) – Chinese Premier Li Keqiang said on Wednesday that China’s economy would not suffer a hard landing and would continue to grow at a medium to high pace in the long term without strong stimulus.
FedEx’s ground business boosts fourth-quarter revenue
(Reuters) – FedEx Corp reported a better-than-expected quarterly profit as strong shipments of items ordered online boosted the world No. 2 package delivery company’s ground business.
Knight Vinke sees UBS moving towards break up
MONACO (Reuters) – Eric Knight, CEO of activist fund manager Knight Vinke, believes Swiss bank UBS will eventually follow his advice to split its wealth management business from its investment bank.
Fed seen holding steady policy course but could hint on exit
Washington, June18(Reuters) – The Federal Reserve’s policy committee concludes its latest meeting on Wednesday with little change expected in its outlook for interest rates but the potential for new details to emerge on the planned exit from its curren…
Dollar holds firm as markets sniff risks of Fed hawkishness
LONDON (Reuters) – The dollar held firm on Wednesday after a surprisingly high reading for U.S. inflation raised expectations that Federal Reserve Chair Janet Yellen could strike a more hawkish tone on the monetary policy outlook.
Billionaire JD.com founder lines up next challenge: beating Alibaba
BEIJING (Reuters) – With an iron grip, JD.com Inc founder Richard Liu has dragged China’s number two online retailer from a Beijing backwater to a rich New York listing. Beyond the wealth that brought him lies Liu’s next target – beating Jack Ma’s Alib…
U.S. mortgage applications drop in latest week: MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages fell sharply last week as interest rates increased, an industry group said on Wednesday.
Wall Street’s latest fad is built on sand
HOUSTON (Reuters) – Super-sized hydraulic fracturing jobs, which use vast amounts of sand to coax more oil and gas from shale, have led to astronomical returns for investors in companies that mine the tiny particles. The question is whether those super…
Bayer signs $14.2 billion acquisition loan
LONDON (Reuters) – Bayer has signed a $14.2 billion acquisition loan backing its purchase of U.S.-based Merck’s consumer care business, the lead banks said in a statement on Wednesday.
T-Mobile looking to buy spectrum from smaller rivals: NY Post
(Reuters) – T-Mobile US Inc is hedging its bets by offering to buy spectrum from smaller rivals in case the takeover by Sprint Corp falls through, the New York Post reported, citing a source familiar with the situation.
