ECB won’t adopt threshold-based rate guidance: Constancio
WASHINGTON (Reuters) – The European Central Bank will not tie interest-rate policy to specific economic thresholds, a top policymaker said on Saturday.
In Washington state, Tesla finds way to share the road with dealers
(Reuters) – On President’s Day last month, about 40 electric-car advocates gathered under the rotunda of the state capitol in Olympia, Washington, where a lobbyist for Tesla Motors Inc urged them to rally against a bill that would prevent the carmaker …
Stocks may rise, but Ukraine could halt rally
NEW YORK (Reuters) – The prevailing trend in U.S. stocks could be higher next week if investor anxiety eases over the crisis in Ukraine and signs of weakness in the U.S. economy.
U.S. eyes bankruptcy link in GM ignition defect probe: report
WASHINGTON (Reuters) – Federal authorities are investigating whether General Motors hid an ignition switch defect when it filed for bankruptcy in 2009, The New York Times reported on Saturday.
Kocherlakota says Fed intended no policy shift: WSJ
WASHINGTON (Reuters) – The Federal Reserve was not trying to signal a more restrictive policy stance when earlier this week it dropped a set of guideposts it had used to help the public anticipate when it will finally start raising rates, a top Fed off…
China’s central bank to focus on deposit rate reform, ease grip on yuan
BEIJING (Reuters) – China’s central bank will focus on liberalizing bank deposit rates over the next two years, while loosening its grip on the yuan currency to give greater influence to market forces, a vice governor of the People’s Bank of China said…
Australia mulls extradition of alleged Silk Road moderator
CANBERRA (Reuters) – The Australian government said it is deciding whether to extradite to the United States an alleged moderator of Silk Road, a website where people buy illegal drugs like heroin and cocaine using digital currency bitcoin.
GM sued by investor over slow ignition fix
(Reuters) – General Motors Co and its Chief Executive Mary Barra are being sued by an investor for failing to adequately address known defects in its cars that led to the recall of over 3.1 million vehicles, according to court documents.
As Fed eyes eventual exit, policymakers spar over interest rates
WASHINGTON (Reuters) – Two top Federal Reserve policymakers staked out diametrically opposite views on Friday about whether the U.S. central bank should be willing to risk higher unemployment in order to head off a potential financial crisis.
‘Big Short’ character sues SEC to stop enforcement case
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission has been sued by a money manager made famous in Michael Lewis’ book “The Big Short,” who claims the regulator is violating his constitutional rights in how it is pursuing an enforcement c…
