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U.S.’ Lew says UK authorities need time to probe pound crash
October 7, 2016 by elegant · Leave a Comment
U.S. Treasury Secretary Jack Lew said on Friday it was necessary to give British authorities some time to determine what drove a steep drop in the pound before jumping to conclusions. “Based on our own experience, it takes some time to find out why such movements occur,” Lew told a news conference at the International Monetary Fund and World Bank Meetings in Washington. The pound's fall by more than 10 percent against the dollar to below $1.15 was …
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U.S.’ Lew says UK authorities need time to probe pound crash
‘Flash crash’ thrashes sterling; dollar slides on U.S. jobs data
October 7, 2016 by creative · Leave a Comment
By Richard Leong and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Sterling plunged on Friday after what traders called a “flash crash” knocked the currency to a 31-year low, while the dollar slipped on news of unexpectedly weak U.S. jobs growth in September. “I think it’s a warning shot from the markets to the UK about what type of potential volatility …
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‘Flash crash’ thrashes sterling; dollar slides on U.S. jobs data
Finance leaders issue fresh warnings amid Deutsche worries, pound rout
October 7, 2016 by publisher · Leave a Comment
World finance leaders issued fresh warnings about economic stability risks on Friday amid worries about a massive U.S. fine for Deutsche Bank destabilizing Germany's largest bank, a sharp fall in the British pound and weak global growth. Jeroen Dijsselbloem, the chairman of euro zone finance ministers, said that the U.S. Department of Justice's demand that Deutsche Bank pay $14 billion for its role in the sub-prime mortgage crisis is too big and will undermine financial …
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Finance leaders issue fresh warnings amid Deutsche worries, pound rout
Fed’s Mester says U.S. economic data consistent with higher rates
October 7, 2016 by admin · Leave a Comment
Cleveland Federal Reserve President Loretta Mester said current U.S. economic data, including the September payrolls report released on Friday, were consistent with the U.S. central bank considering an increase in interest rates. “We have made progress on both (of the Fed's) mandates,” Mester, who dissented with two other Fed officials at the September policy meeting, told reporters after a speech at an event organized by the Manhattan Institute.
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Fed’s Mester says U.S. economic data consistent with higher rates
U.S. job growth slows; markets bet on December rate hike
October 7, 2016 by creative · Leave a Comment
U.S. employment growth eased for the third straight month in September and the jobless rate rose, but the slowdown was not expected to prevent the Federal Reserve from raising interest rates later this year. The…
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U.S. job growth slows; markets bet on December rate hike
Replacement Samsung Note 7 phone emits smoke on U.S. plane: family
October 6, 2016 by creative · Leave a Comment
By Steve Bittenbender LOUISVILLE, Ky. (Reuters) – A replacement model of the fire-prone Samsung Note 7 smartphone began smoking inside a U.S. plane on Wednesday, the family that owns it said, prompting fresh investigations by the Consumer Product Safety Commission and the Federal Aviation Administration. A problem with the replacement…
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Replacement Samsung Note 7 phone emits smoke on U.S. plane: family
Bank Hapoalim warns on profits due to U.S. tax probe
October 6, 2016 by publisher · Leave a Comment
Bank Hapoalim , Israel's largest bank, said on Thursday it would make a further provision estimated at $70 million for settling a U.S. tax evasion investigation which could have “a significant impact” on its third-quarter results. The…
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Bank Hapoalim warns on profits due to U.S. tax probe
Exclusive: Twitter to conclude sale deliberations this month – sources
October 6, 2016 by elegant · Leave a Comment
Twitter Inc has told potential acquirers it is seeking to conclude negotiations about selling itself by the time it reports third-quarter earnings on Oct. 27, according to people familiar with
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Exclusive: Twitter to conclude sale deliberations this month – sources
Wal-Mart’s next move against Amazon: More warehouses, faster shipping
October 6, 2016 by admin · Leave a Comment
By Nandita Bose CHICAGO (Reuters) – Wal-Mart Stores Inc is accelerating its investment in e-commerce in a bid to narrow the gap with Amazon.com Inc and to give it an even more dominant position against the rest of the field in retail. The world's largest retailer is now on track to double the number of giant warehouses dedicated to online sales to 10 by the end of 2016, according to Justen Traweek, vice-president of…
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Wal-Mart’s next move against Amazon: More warehouses, faster shipping
Asia stocks up on solid U.S. data, gold hit by stimulus taper fears
October 6, 2016 by admin · Leave a Comment
Asian shares firmed on Thursday thanks to stronger U.S. economic data, while growing prospects of a near-term U.S. rate hike and possible tapering of stimulus in Europe hit gold and lifted the dollar to one-month
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Asia stocks up on solid U.S. data, gold hit by stimulus taper fears