U.S. growth revised higher, economy on firmer footing
WASHINGTON (Reuters) – The U.S. economy grew at its fastest pace in almost two years in the third quarter, the government said on Friday as it revised its estimates of business and consumer spending higher.
Government sees Pacific trade pact talks taking time
BEIJING (Reuters) – Negotiations on a trade pact between a dozen countries around the Pacific Rim will take whatever time they need as the deal has to be both ambitious and comprehensive, U.S. trade representative Michael Froman said on Saturday.
Morgan Stanley sells oil trading business to Russia’s Rosneft
LONDON/MOSCOW (Reuters) – Morgan Stanley has sold the majority of its global physical oil trading operations to Russian state-run oil major Rosneft , becoming the latest Wall Street firm to dispose of a major part of its commodity business.
Boeing shortens list of sites to build 777X by cutting North Carolina
WINSTON-SALEM, North Carolina (Reuters) – North Carolina said on Friday it was no longer in the running to build Boeing Co’s new commercial jetliner, as the Chicago-based company shortened its list of potential sites for the factory.
Wall Street gains on GDP data; indexes post strong week
NEW YORK (Reuters) – Stocks rose on Friday, capping the best week for major indexes in months as unexpectedly strong data on economic growth increased confidence that the recovery was accelerating.
Morgan Stanley sells oil trading business to Russia’s Rosneft
LONDON/MOSCOW (Reuters) – Morgan Stanley has sold the majority of its global physical oil trading operations to Russian state-run oil major Rosneft , becoming the latest Wall Street firm to dispose of a major part of its commodity business.
Cyprus gets next IMF aid installment under bailout
WASHINGTON (Reuters) – The International Monetary Fund signed off on Friday on Cyprus’s progress in meeting the conditions of its bailout program, giving the euro zone country another $114 million.
Wall Street gains on GDP data; indexes post strong week
NEW YORK (Reuters) – Stocks rose on Friday, capping the best week for major indexes in months as unexpectedly strong data on economic growth increased confidence that the recovery was accelerating.
U.S. growth revised higher, economy on firmer footing
WASHINGTON (Reuters) – The U.S. economy grew at its fastest pace in almost two years in the third quarter, the government said on Friday as it revised its estimates of business and consumer spending higher.
Analysis: As Fed tapers, don’t count out emerging market currencies
NEW YORK (Reuters) – When the Federal Reserve first started talking about cutting its massive stimulus earlier this year, emerging-market currencies went into a tailspin. This time round, investors don’t see that happening.
