Fed Governor Duke to resign August 31
WASHINGTON (Reuters) – Federal Reserve Governor Elizabeth Duke, who had taken a lead role on housing issues at the U.S. central bank, and whose term had expired in January 2012, resigned on Thursday, the Fed said.
Prices for U.S. imports and exports fall in June
WASHINGTON (Reuters) – Prices for U.S. imports and exports fell in June for the fourth straight month, a sign of cooler economic growth worldwide that could weigh on the American economy and unnerve policymakers.
Tan to buy out Bakries from Bumi Plc in $223 million deal
JAKARTA/LONDON (Reuters) – Indonesian coal tycoon Samin Tan has agreed a $223 million deal to lift his stake in Bumi Plc to over 47 percent, buying out the Bakrie family in the first part of a deal aimed at ending the family’s involvement in the troubl…
Japan may press China on slowdown, shadow banking at G20
TOKYO (Reuters) – Japan may press China at a global meeting next week for more information about a slowdown in the world’s No. 2 economy and risks posed by its “shadow” banking system, Tokyo’s top financial diplomat said on Thursday.
Aetna to become member of Swiss Life network
(Reuters) – Health insurer Aetna Inc on Thursday said a planned partnership with Swiss Life Holding AG will enable Aetna to offer its international and domestic healthcare benefits to Swiss Life’s multinational customers.
Shares, bonds rally, dollar tumbles as Fed cools taper talk
LONDON (Reuters) – Shares and bonds rallied globally on Thursday and the dollar tumbled after U.S. central bank chief Ben Bernanke signaled the Fed may not be as close to winding down its stimulus policy as markets had begun to expect.
Shareholders back Easyjet’s fleet expansion
LONDON (Reuters) – EasyJet can continue with its plan to buy 135 new Airbus planes after shareholders backed the deal on Thursday, defeating a move by the group’s estranged founder to block it.
China security ministry says GSK executives confess to economic crimes
BEIJING (Reuters) – Executives of GlaxoSmithKline Plc in China have confessed to charges of bribery and tax law violations, the country’s security ministry said, in one of the most prominent graft cases involving a foreign company in three years.
After boom years, some Chinese firms run into trouble in crisis-hit Sudan
OMDURMAN, Sudan (Reuters) – When Chinese clothing wholesaler Chan Cui Xiao signed a deal with a Sudanese businessman to export colorful bed sheets to the African country he was confident of making good money.
Analysis: Forward guidance more than passing fashion for central banks
FRANKFURT (Reuters) – “Watch what we do, not what we say,” was the central bank mantra for generations. But no more.
