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North American leaders vow to boost trade despite threats

June 29, 2016 by · Leave a Comment 

By Roberta Rampton and David Ljunggren OTTAWA (Reuters) – Canada, the United States and Mexico on Wednesday vowed to deepen their economic ties, pushing back against anti-free-trade sentiment that has shifted political debate in the United States and Europe. The three nations are member of the North American Free Trade Agreement (NAFTA), which U.S. Republican presidential candidate Donald Trump has vowed to renegotiate or scrap if he wins November's election. U.S. President Barack Obama, Prime …

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North American leaders vow to boost trade despite threats

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Bezos says Amazon to up India investment to $5 billion

June 8, 2016 by · Leave a Comment 

Amazon Inc Chief Executive Jeff Bezos said on Tuesday the company would invest an additional $3 billion in India, boosting its committed investment in the country to over $5 billion. Bezos told an event in Washington attended by Indian Prime Minister Narendra Modi – who met earlier on…

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Bezos says Amazon to up India investment to $5 billion

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Paraguay gets debt payment demand from Venezuela’s PDVSA – Petropar president

June 5, 2016 by · Leave a Comment 

Paraguay's state-run oil firm Petropar said Saturday that Venezuelan state oil producer PDVSA [PDVSA.UL] had set a 10-day deadline for the Paraguayan company to pay off $287 million of long-standing debt. The demand comes shortly after Paraguay asked last week to convene a meeting of foreign ministers in the South American Mercosur trade group to examine if Venezuela had failed to comply with democratic norms laid out in the organization's charter. Petropar president Eddie Jara told local media that he received a letter…

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Paraguay gets debt payment demand from Venezuela’s PDVSA – Petropar president

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Wal-Mart says tech investments will boost online sales

June 5, 2016 by · Leave a Comment 

By Nandita Bose FAYETTEVILLE, Ark. (Reuters) – Wal-Mart Stores Inc executives touted the technology investments the world's No. 1 retailer is making to boost online sales, during the annual shareholder meeting on Friday. Chief Executive Officer Doug McMillon spoke about initiatives like online grocery pick up, the retailer's two-day shipping program and its mobile wallet, Wal-Mart Pay. Wal-Mart onlines

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Wal-Mart says tech investments will boost online sales

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On southwestern fringe, China’s Silk Road ambitions face obstacles

June 5, 2016 by · Leave a Comment 

By Brenda Goh and Simon Webb KUNMING, China/VIENTIANE (Reuters) – For the southwestern city of Kunming, China's plan to extend a high-speed rail link 3,000 km (1,875 miles) south to Singapore is already a boon: pristine expressways, a gleaming station and something of a real estate …

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On southwestern fringe, China’s Silk Road ambitions face obstacles

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Fed’s Mester says gradual rate hikes still appropriate after jobs report

June 5, 2016 by · Leave a Comment 

The latest disappointing U.S. jobs number has not changed the overall economic picture and gradual rate hikes remain appropriate, Cleveland Federal Reserve President Loretta Mester said on Saturday. The Fed raised rates in December for the first time in nearly a decade. “I still believe that in order to achieve our monetary policy goals, a gradual upward pace

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Fed’s Mester says gradual rate hikes still appropriate after jobs report

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Fed’s Kashkari says current U.S. interest rates ‘about right’

May 9, 2016 by · Leave a Comment 

While a rate hike in June is “possible,” Kashkari sounded happy to keep rates low for now in order to continue bringing workers who have not worked in months or years back into the labor force. “To me, just looking at the raw data, it says we should be …

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Fed’s Kashkari says current U.S. interest rates ‘about right’

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Fed’s Lockhart: Two rate hikes this year ‘certainly possible’, flags Brexit risk

May 3, 2016 by · Leave a Comment 

The United States could see two further interest rate rises this year but uncertainties abound including the impact on the U.S. economy should Britain vote to leave the European Union, Atlanta Fed President Dennis Lockhart said on Tuesday. On that front, Lockhart said that incoming data between now and the Fed's next meeting on June 14-15 “is not comprehensive by any stretch of the imagination” and that the upcoming Brexit vote in Britain raised risks. “It is…

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Fed’s Lockhart: Two rate hikes this year ‘certainly possible’, flags Brexit risk

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Fed may need more powers to support securities firms during crises: Dudley

May 2, 2016 by · Leave a Comment 

By Lindsay Dunsmuir AMELIA ISLAND, Fla (Reuters) – The U.S. Federal Reserve may need more powers to provide emergency funding to securities firms in times of extreme stress in order to deal with a liquidity crunch, New York Federal Reserve President William Dudley said on Sunday. “Providing these firms with access to the discount window might be worth exploring,” Dudley said in prepared remarks at a financial markets conference in Amelia Island, Florida organized by the Atlanta Fed. The discount window is a credit facility through which…

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Fed may need more powers to support securities firms during crises: Dudley

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Costco plans chicken plant in Nebraska: local council

April 18, 2016 by · Leave a Comment 

The facility, if built in Nebraska's Dodge County, would create 1,100 jobs, work with local chicken farmers and invest $180 million in the region, the Greater Fremont Development Council said in a release dated April 14. Costco, the third-largest U.S. retailer, could not immediately be reached for comment.

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Costco plans chicken plant in Nebraska: local council

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