Fed’s cues on rates more critical than bond buys: Fed study
SAN FRANCISCO (Reuters) – For investors trying to pinpoint when the Federal Reserve will likely end its massive bond-buying program, the message from researchers at a pair of influential regional Fed banks was clear: don’t bother.
Canada says wishes BlackBerry well, no comment on speculation
OTTAWA (Reuters) – The Canadian government on Monday said it wished BlackBerry Ltd well, but it would not speculate on the future of the smartphone maker after the company announced the creation of a committee to review its options.
SAC Capital’s Parameter Capital trading group closes: sources
NEW YORK (Reuters) – An affiliated fund of Steven A. Cohen’s SAC Capital Advisors shut down last week as the $14 billion hedge fund begins to shrink in the wake of a criminal indictment filed against it in July, according to two people familiar with th…
German watchdog readies Deutsche Bank Libor report: source
FRANKFURT (Reuters) – German regulator BaFin has completed its report of Deutsche Bank’s role in setting interbank lending rates and is set to submit a copy to the country’s flagship lender this week, a source familiar with the matter said on Monday.
Greece stuck in recession, bailout targets at risk
ATHENS (Reuters) – Greece’s recession eased slightly in the second quarter but not nearly enough to boost tax revenues to levels the government needs to meet its bailout targets, figures showed on Monday.
Asia drive bears fruit for Prudential
LONDON (Reuters) – British insurer Prudential reported a 22 percent jump in its first-half profits on Monday, underscoring the appeal of its Asian business and bolstering chief executive Tidjane Thiam’s decision to bet on the fast-growing region.
Analysis: Higher costs may slow Kirby, winner of U.S. energy boom
NEW YORK (Reuters) – A slow boat down the Mississippi may have been the best way to ride the U.S. energy boom.
Plaintiffs win round versus Lockheed in stable value fund case
BOSTON (Reuters) – A federal appeals court handed a procedural victory to plaintiffs who say their Lockheed Martin Corp retirement plans were badly run, a boost for the closely watched lawsuit against the large 401(k) sponsor.
UK’s Labour tones down criticism of Tesco and Next
LONDON (Reuters) – Britain’s Labour party toned down its criticism of retailers Tesco , and Next on Monday, a day after it said it planned to accuse them of favoring cheaper workers from Eastern Europe over British employees.
Japan growth slows in second quarter, adds to sales tax uncertainty
TOKYO (Reuters) – Japan’s economic growth slowed more than expected in the second quarter, offering ammunition to those seeking to temper a planned sales-tax increase even as government debt has risen past 1,000 trillion yen ($10.4 trillion).
