Fed’s George calls for end to bond-buying in first-half 2014
KANSAS CITY, Missouri (Reuters) – The Federal Reserve should begin to reduce its massive bond-buying program and bring it to a close “sometime in the first half of next year,” a top Fed official said on Tuesday.
Redesigned Chrysler 200 sedan to begin production in early 2014
STERLING HEIGHTS, Michigan (Reuters) – Chrysler Group LLC’s redesigned 2015 Chrysler 200 sedan will begin production in early 2014 at the automaker’s Sterling Heights plant here, Chrysler said on Tuesday.
Analysis: Higher interest rates? Not a problem for some U.S. stocks
NEW YORK (Reuters) – So much for higher interest rates taking a bite out of the stock market. Bond yields have risen sharply in the last two months, but the U.S. stock market has more than survived, with the S&P 500 and Dow industrials notching new all-time highs this week.
Inflation shows signs of stability after downward drift
WASHINGTON (Reuters) – Consumer prices picked up in June and underlying inflation pressures showed signs of stabilizing, keeping on course expectations the Federal Reserve will start reducing its bond purchases later this year.
Exclusive: Orange preparing Dominican Republic exit – sources
LONDON (Reuters) – France’s Orange is considering the sale of its Dominican Republic business in a deal that could fetch up to 900 million euros ($1.2 billion), as it exits non-core markets to pay down debt, seven people with knowledge of the situation…
Monte Paschi CEO says no idea of new investors in bank
MILAN (Reuters) – There is no idea about possible new investors for Italy’s Banca Monte dei Paschi di Siena at the moment, the lender’s chief executive Fabrizio Viola said on Tuesday.
UK Dreamliner fire probe confirms looking at Honeywell part
LONDON (Reuters) – British investigators said on Tuesday a transmitter made by U.S. firm Honeywell was one of several components that may have caused a fire on a Boeing Dreamliner in London last week.
Analysis: Low rates pledge buys time but builds risk for fragile banks
LONDON (Reuters) – A determination by Europe’s most powerful central bankers to keep interest rates low might save the continent’s fragile banking system from short-term pain but undermines long-term profitability and encourages excessive risk-taking.
Coke profit falls on wet weather, weak economy
(Reuters) – Coca-Cola Co said Tuesday that second-quarter sales were weaker than expected as global economic weakness and cool weather crimped the consumption of soft drinks, sending its shares down more than 2 percent.
G20 to seek reassurance from Fed and China
MOSCOW (Reuters) – G20 summits don’t always set the pulse racing but this week’s gathering of finance ministers and central bankers in Moscow has a better chance than most of grabbing the attention of financial markets.
