interest-rates

Fed’s Williams says sees ‘smidgen’ slower rate hikes

The Federal Reserve probably needs to keep U.S. interest rates lower for longer given headwinds from weak global economic growth, a stronger dollar and an unexpectedly sustained drop in oil prices, a top Fed official suggested on Friday. San Francisco Federal Reserve Bank President John Williams told …

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Fed’s Williams says sees ‘smidgen’ slower rate hikes

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Growth funds dumping Apple stock as iPhone sales seen sagging; value-managers moving in

By David Randall NEW YORK (Reuters) – Major U.S. growth mutual funds have been among the largest sellers of Apple Inc shares over the past six months, fueling speculation that the company’s days of supercharged growth have come to an end. Amid concerns that iPhone sales may be set to drop, the $77.3 billion American Funds Capital World Growth & Income Fund has sold all of its 1.7 million Apple …

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Growth funds dumping Apple stock as iPhone sales seen sagging; value-managers moving in

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Wal-Mart pulls plug on smallest stores, shuts 269 locations

The move includes Wal-Mart's largest-ever single culling in the United States, where the company is closing 154 stores. The world's largest retailer said it hoped to transfer many of the 10,000 U.S. and 6,000

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Wal-Mart pulls plug on smallest stores, shuts 269 locations

interest-rates

Lower legal bill boosts Citi profit but core revenue weak

Citigroup Inc reported a massive jump in quarterly profit as a sharp drop in legal costs and gains from the disposal of unwanted assets masked weak revenue from its core business. Shares of Citi, which was displaced by Wells Fargo & Co as the No.3 U.S. bank by assets, fell as much as 7.2 percent to a near three-year low of $42.11 on Friday. Most banks have resorted to aggressive

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Lower legal bill boosts Citi profit but core revenue weak

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Raft of weak U.S. data points to sharply slower growth

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper gasoline weighed on receipts at service stations, the latest indication that economic growth braked sharply in the fourth quarter. The growth picture was further darkened by other data on Friday showing industrial production fell in December, dragged down by cutbacks in utilities and mining output. Signs the economy …

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Raft of weak U.S. data points to sharply slower growth

interest-rates

Oil heads for third straight weekly loss as supply weighs

By Karolin Schaps LONDON (Reuters) – Oil edged down on Friday as bearish sentiment driven by oversupply rattled the market and was set to lead prices to a third straight weekly drop, the longest losing streak in four months. Russia, one of the world's top oil producers, said on Friday it was not considering coordinating its output policy with OPEC members, adding the organisation was not exerting

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Oil heads for third straight weekly loss as supply weighs

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Prospects still slim for major global economic pickup

By Ross Finley, Silvio Cascione and Rahul Karunakar LONDON/BRASILIA/BENGALURU (Reuters) – The world economy may be set for another year like 2015, with modest growth in developed economies offsetting persistent weakness elsewhere but generating very little inflation and keeping interest rates low. The U.S. Federal Reserve's long-awaited rise in …

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Prospects still slim for major global economic pickup

interest-rates

Fed to raise rates again in March, follow up with fewer hikes: poll

The U.S. Federal Reserve will raise interest rates again in the next three months, according to two-thirds of economists polled by Reuters, although many say rates won't rise as quickly next year as policymakers have suggested. The Fed hiked rates for the first time in nearly a decade on Dec 16, confident the U.S. economy can …

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Fed to raise rates again in March, follow up with fewer hikes: poll

interest-rates

China economy shows signs of steadying, more policy support needed

China's activity data was stronger than expected in November, with factory output growth picking up to a five-month high, signaling that a flurry of stimulus measures from Beijing may have put a floor under a fragile economy. “Real …

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China economy shows signs of steadying, more policy support needed

interest-rates

The Fed Awakens

Barring a shock, the Federal Reserve will raise U.S. interest rates on Wednesday for the first time since June 2006, a full year before the global financial crisis began. Data releases will meanwhile give clues to the robustness of other economies, some of which are seen as vulnerable to

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The Fed Awakens

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