Fed’s Kocherlakota: do ‘whatever it takes’ to spur U.S. hiring
BLOOMINGTON, Minnesota (Reuters) – The Federal Reserve should do “whatever it takes” to drive down U.S. unemployment, even if this means courting concerns of another asset price bubble, or if inflation pops temporarily above two percent, a senior U.S. …
Change U.S. law on banks and commodities, regulator says
WASHINGTON (Reuters) – Congress should limit Wall Street’s controversial role in commodity markets, and rewrite a law that gives banks broad leeway to own oil, metals and other raw materials, a senior U.S. regulator said on Friday.
Short-term shutdown won’t hurt U.S. states, public finance: S&P
WASHINGTON (Reuters) – A short U.S. budget shutdown would not have a significant impact on the credit quality of states, local governments, non-profit healthcare centers, airports, roads, mass transit or public housing, Standard & Poor’s Ratings Services said on Friday.
Analysis: Mexican pension funds, reforms fuel record stock listings
MEXICO CITY (Reuters) – After years in Brazil’s shadow, Mexico’s stock market is enjoying a listings boom, fueled by hopes of economic reforms and strong demand from pension funds breathing life into a long-stagnant market.
Lacker says Fed can’t counter U.S. fiscal uncertainty
BALTIMORE (Reuters)- The Federal Reserve does not have the power to counter the drag on economic growth from a prolonged U.S. budget battle, Richmond Fed President Jeffrey Lacker said on Friday.
More work needed to resolve repo fire sale risk, says NY Fed’s Dudley
NEW YORK (Reuters) – Participants in the $5 trillion repurchase agreement market need to work harder to develop solutions that reduce the risks the market poses to financial stability, or regulators may need to intervene, New York Federal Reserve Bank …
Switzerland probes banks over possible forex rigging
ZURICH (Reuters) – Switzerland’s financial markets regulator is working with authorities in other countries to investigate possible manipulation in the $5 trillion-a-day foreign exchange market potentially involving multiple banks.
Icahn caves on Dell again, will not seek share rights
SAN FRANCISCO (Reuters) – Activist investor Carl Icahn, who ended his months-long campaign against Michael Dell’s planned buyout of Dell Inc last month, on Friday signaled his final retreat from the struggling personal computer maker.
Nestle wins appeal over Cadbury’s color purple
LONDON (Reuters) – Nestle , the world’s largest food company, won a court appeal against Cadbury on Friday, allowing it to use the British confectioner’s well-known purple packaging for chocolate products.
U.S. economic growth gauge slips, annual rate holds steady
NEW YORK (Reuters) – A measure of future U.S. economic growth slipped to a four-week low while the annualized growth held steady, a research group said on Friday.
