Fed should try to align projections with policy statement: Lockhart
ATLANTA (Reuters) – The U.S. Federal Reserve should try to make its communications on the expected path of interest rates more consistent with its policy statements, a top official at the central bank said on Wednesday.
U.S. industrial output rises in March, manufacturing gains
WASHINGTON (Reuters) – U.S. manufacturing output rose for a second straight month in March in a sign of recovery from a long winter that had put a damper on activity.
Megaupload’s Dotcom, facing legal threat, launches political party
AUCKLAND (Reuters) – Internet tycoon Kim Dotcom holds court while bathing in the pool of a sprawling New Zealand mansion, fist bumping and chatting with some of the 700 guests gathered to celebrate the political party he launched last month to promote …
Tycoon on trial as Vietnam counts cost of its rogue bankers
HANOI (Reuters) – A half-dozen shell companies, piles of forged documents, tax dodges, illegal stock trades and 19 bank staff unwittingly complicit in embezzlement on a massive scale.
China gets first bitcoin ATM, skirting bank crackdown
SHANGHAI (Reuters) – BTC China, one of the country’s leading digital currency exchanges, has installed China’s first bitcoin ATM and launched an online app allowing individuals to buy and sell bitcoins using mobile phones, skirting local banking regula…
Starbucks to move Europe base to London, pay more UK tax
LONDON (Reuters) – Starbucks Corp said on Wednesday it would move its European headquarters to London from the Netherlands and pay more tax in the UK as a result.
CITIC Pacific in $36.5 billion deal to buy parent’s main business
HONG KONG (Reuters) – China’s CITIC Pacific has agreed to buy the main operating unit of its parent, state-backed CITIC Group, for $36.5 billion in a stock and cash deal aimed at diversifying its metals and mining business.
Japanese Internet firms offer something new: high returns
TOKYO (Reuters) – Some Japanese Internet companies are getting a boost from foreign investors as Prime Minister Shinzo Abe pushes for an elusive strength his country’s firms are not known for – high returns.
EU regulators to probe extra state aid given to two Latvian banks
BRUSSELS (Reuters) – European Union regulators opened on Wednesday an investigation into state aid granted to Latvian Banks AS Parex banka and Citadele banka, saying the measure may have violated EU state aid rules.
Euro zone inflation stuck in ‘danger zone’, keeps pressure on ECB
BRUSSELS (Reuters) – A shock drop in March euro zone inflation to its lowest level since November 2009 was confirmed on Wednesday, keeping pressure on the European Central Bank to intervene should prices not rebound.
