Leaving buyers club could be Fed’s next tricky task
SAN FRANCISCO/NEW YORK (Reuters) – With the wind-down of the Federal Reserve’s massive bond buying under way, policymakers are beginning to discuss the next stage – when to allow the U.S. central bank’s swollen balance sheet to shrink.
BNY Mellon’s Arledge faces scrutiny as Main Street strategy lags
BOSTON (Reuters) – BNY Mellon Corp’s investment management chief Curtis Arledge is on the hot seat.
After hard winter, U.S. housing industry sees signs of pickup
NEW YORK (Reuters) – In Indianapolis, an open house event tends to draw 10 people on a good day.
Fed’s Fisher: forward guidance should not be binding
HONG KONG (Reuters) – The U.S. Federal Reserve must avoid being locked into calendar-based policy commitments and instead ensure its forward guidance is flexible enough to allow it to respond to changing conditions, a top Fed official said in Hong Kong…
Blackstone Asia head Chae to oversee Asia ops from NY: memo
HONG KONG (Reuters) – Blackstone Group LP’s head of private equity for Asia, senior managing director Michael Chae, is returning to New York after three years in Hong Kong, according to an internal memo seen by Reuters.
GM hires crisis manager Jeff Eller: NYT
(Reuters) – General Motors has hired Jeff Eller as a crisis management adviser, the New York Times reported, as the automaker faces investigations over ignition switch defects linked to deadly crashes and mounting recalls.
Fonterra fined by New Zealand court over botulism food scare
WELLINGTON (Reuters) – Fonterra Ltd has been fined NZ$300,000 ($256,200) for the way it handled the food safety scare last year about potentially contaminated products and the damage the false alarm did to New Zealand’s reputation for quality dairy pro…
Japan Aso: BOJ’s aggressive stimulus should be appreciated
TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Friday that the Bank of Japan’s aggressive monetary easing, announced exactly a year ago, should be appreciated as it helped boost consumer inflation and drive economic growth.
Anadarko Petroleum settles U.S.-wide clean-up case for $5.15 billion
(Reuters) – Energy company Anadarko Petroleum Corp agreed on Thursday to pay more than $5 billion to clean up areas across the United States polluted by nuclear fuel, wood creosote and rocket fuel waste that caused cancer and other health problems.
Anadarko Petroleum settles U.S.-wide clean-up case for $5.15 billion
(Reuters) – Energy company Anadarko Petroleum Corp agreed on Thursday to pay more than $5 billion to clean up areas across the United States polluted by nuclear fuel, wood creosote and rocket fuel waste that caused cancer and other health problems.
