Evaporating inflation may have taken pricy debt too far
LONDON (Reuters) – The prospect of years of so-called ‘low-flation’ has become so ingrained in western financial markets this year that even a hint of creeping prices could deliver quite a shock.
Julius Baer says four-month assets rise, net new money on track
ZURICH (Reuters) – Julius Baer said on Wednesday that four-month assets rose 4 percent from year-end to 264 billion Swiss francs ($296.70 billion), as it won fresh funds from clients and added a recent Brazilian acquisition to its assets.
Google hopes test drives steer Americans to embrace its robot cars
MOUNTAIN VIEW, California (Reuters) – Google Inc’s self-driving car technology likely will not be available for several more years. But the Internet company is already beginning the job of making the public comfortable with the futuristic vehicles.
Exclusive: Regulators scrutinize financial risk-modeling firms
WASHINGTON (Reuters) – U.S. government officials recently proposed creating scorecards to measure the potential threat posed by firms that offer risk models, amid concerns that large financial institutions may be too dependent on the same products, acc…
Frugal U.S. consumers make it tough for food companies to raise prices
NEW YORK/LOS ANGELES (Reuters) – Rebecca Sumrow is one of the customers food and restaurant company executives have in mind when they consider raising prices to offset higher costs as meat and milk soar to record highs.
Citigroup Asia Pacific executive Faruqui leaves for ANZ
(Reuters) – Farhan Faruqui, one of Citigroup Inc’s highest-ranking bankers in Asia, is leaving the company to work for rival Australia and New Zealand Banking Group Ltd
Cemex leadership unclear after sudden death of CEO
MEXICO CITY (Reuters) – The leadership of Mexico’s Cemex , one of the world’s leading cement makers, is uncertain after the death of Chairman and Chief Executive Officer Lorenzo Zambrano, irking some investors who would prefer a smooth transition.
Dow, S&P 500 end at record highs again
NEW YORK (Reuters) – The Dow and the S&P 500 eked out record closing highs again on Tuesday, while the Nasdaq resumed its recent slide, dragged down by shares of Cisco .
Fiat Chrysler will be OK if it misses lofty targets: Marchionne
TIPTON, Indiana (Reuters) – Fiat Chrysler Automobiles Chief Executive Officer Sergio Marchionne said the company will be much stronger than it is today at the end of his plan to sell 7 million cars by 2018, even if it misses the targets he set forth la…
Samsung’s ‘crown prince’ in focus as father hospitalized
SEOUL (Reuters) – Unassuming, media-shy and, as yet, unproven, Jay Y. Lee is the unofficial heir-apparent to lead Samsung Electronics Co Ltd, as the world’s biggest technology group by sales approaches a crossroads after years of explosive growth.
