Week Ahead: For stocks, there’s no need to fear good news
NEW YORK (Reuters) – Wall Street doesn’t hate good news after all.
ECB’s Noyer says forward guidance in line with mandate
AIX-EN-PROVENCE, France (Reuters) – The European Central Bank’s decision to break with precedent by declaring it would keep interest rates at record lows for an extended period is fully in line with its mandate, ECB policymaker Christian Noyer said on …
Iran central bank eliminates cheaper dollar rate: reports
DUBAI (Reuters) – Iran’s central bank has eliminated a subsidized, cheaper rate for foreign currency and reported a weaker official rate in its place, according to Iranian media and the central bank’s website on Saturday.
ECB’s Noyer says financial market regulation needed
AIX-EN-PROVENCE, France (Reuters) – Strengthening regulation of financial markets is necessary to reduce risks, ECB policymaker Christian Noyer said on Saturday, in a speech entitled “The end of the dictatorship of finance”.
China, Switzerland sign free trade agreement
BEIJING (Reuters) – China and Switzerland on Saturday signed a free trade agreement in Beijing – a move that came amid escalating tensions between Asia’s economic giant and the European Union.
In China, Nestle and Danone play it by the book
SHANGHAI (Reuters) – Swift responses from Swiss food company Nestle and French rival Danone to Beijing’s announcement that it was investigating possible price-fixing of instant milk formulas are textbook examples of how firms should deal with such cris…
Brightening jobs picture may draw Fed closer to tapering
WASHINGTON (Reuters) – Job growth was stronger than expected in June and the payroll gains for the prior two months were revised higher, cementing expectations for the Federal Reserve to start winding down its massive stimulus program as early as Septe…
U.S. swaps regulator calls vote on cross-border rule
WASHINGTON (Reuters) – The top U.S. derivatives regulator will meet next week to vote on how its rules apply to foreign companies that want to do business with U.S. firms, a sign it may be nearing a compromise on a thorny issue that has invoked the wra…
Detroit sues bond insurer over blocked creditor talks
(Reuters) – The city of Detroit filed a lawsuit against bond insurer Syncora Guarantee Inc claiming the company blocked an agreement the city hopes to conclude with major creditors involving revenue from the city’s three casinos.
Morningstar says clients’ credit card data may have been leaked
(Reuters) – Investment research firm Morningstar Inc said personal information, including credit card details, of about 2,300 users of its Morningstar Document Research service may have been compromised due to a security breach last year.
