Fed seen hiking U.S. rates in second half of 2015 as jobless rate falls
WASHINGTON (Reuters) – The Federal Reserve is expected to start raising U.S. interest rates in the third quarter of next year as the unemployment rate falls and the economy charts a new path of stronger growth, a Reuters survey of economists showed.
London lawyer named to lead FX probe at Bank of England
LONDON (Reuters) – A top London lawyer who investigated phone hacking at News Corp’s British newspapers will lead a probe into the role of Bank of England officials in the possible manipulation of foreign exchange rates.
China worries chill markets, copper dives
LONDON (Reuters) – A fall in copper to near four-year lows combined with increasing concern about China’s economic slowdown sent a wave of unease on Wednesday through world financial markets.
Disney TV executive Sweeney to leave company in January
LOS ANGELES (Reuters) – Anne Sweeney, the president of Walt Disney Co’s Disney/ABC Television Group, will leave the media company in January after 18 years to pursue a career in television directing, the company said on Tuesday.
Brazil’s economy faces trouble after World Cup, election
BRASILIA (Reuters) – With the World Cup in June and July and a presidential election in October, many Brazilians aren’t thinking beyond 2014. But next year is likely to be memorable for all the wrong reasons in Latin America’s biggest economy.
Ackman accuses Herbalife of breaking laws in China
BOSTON (Reuters) – Hedge fund manager William Ackman renewed his attack on Herbalife on Tuesday and said he has evidence the U.S.-based nutrition and weight loss company is breaking direct-selling laws in China, its fastest growing market.
India’s SpiceJet places $4.4 billion order for 42 Boeing 737s
HYDERABAD (Reuters) – Indian budget airline SpiceJet Ltd has signed a deal with Boeing Co to buy 42 737 MAX jets in a deal worth $4.4 billion at list prices, the company said on Wednesday, sending its shares up more than 7 percent.
U.S. courts dismiss two suits against shareholder activist Chevedden
BOSTON (Reuters) – Shareholder activist John Chevedden has won favorable rulings in separate federal suits brought by Omnicom Group Inc and EMC Corp, breaking a pattern of legal setbacks for the private investor.
Tax fight looms large in Energy Future restructuring
NEW YORK (Reuters) – As Energy Future Holdings prepares for what could be one of the largest-ever U.S. bankruptcies, some of its private-equity lenders are pushing a breakup of the company that could reap them more than $1 billion in tax savings, two p…
Top Citigroup executives take lead on Banamex probe: WSJ
(Reuters) – Top Citigroup Inc executives Manuel Medina-Mora and Brian Leach are taking the lead on an internal probe into alleged fraud at the U.S. bank’s Mexican unit Banamex, the Wall Street Journal reported, citing people familiar with the matter.
