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Federal Reserve under growing pressure to reform system, goals
August 22, 2016 by elegant · Leave a Comment
The U.S. Federal Reserve has two guiding goals when designing monetary policy: maximum employment and stable inflation. At this year's flagship economic policy conference, from Aug. 25 to 27, U.S policymakers will confer not only with their counterparts from around the world but also host…
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Federal Reserve under growing pressure to reform system, goals
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New York nabs global property crown from London on Brexit fears
August 21, 2016 by publisher · Leave a Comment
New York has knocked off London as the world's premier city for foreign investment in commercial real estate due to fears the vote to leave the European Union would diminish the British capital's appeal as a
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New York nabs global property crown from London on Brexit fears
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Renewed oil weakness sparks demand fears
July 26, 2016 by admin · Leave a Comment
U.S. oil prices topped $50 a barrel in June, boosting optimism a two-year price rout might end. Mounting fears that demand has fallen short of expectations as production increases and rig counts rise has analysts believing that any oil price recovery may be a year or more in the future.
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Renewed oil weakness sparks demand fears
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Fed prepares action against Goldman over NY Fed leak: NYT
July 26, 2016 by publisher · Leave a Comment
The U.S. Federal Reserve is preparing an enforcement action against Goldman Sachs Group Inc related to a leak of confidential government information to one of its employees, the New …
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Fed prepares action against Goldman over NY Fed leak: NYT
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The identity crisis that led to Yahoo’s demise
July 26, 2016 by publisher · Leave a Comment
By Jonathan Weber and Jeffrey Dastin SAN FRANCISCO (Reuters) – When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis. The tough days of the dot-com bust were a distant memory, and Yahoo Inc, flush with lucrative advertising deals from the world's biggest brands, was enjoying its run as one of the top dogs in the world's hottest industry. Then they were asked to …
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The identity crisis that led to Yahoo’s demise
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Exclusive: EU set to clear unconditionally Marriott, Starwood deal – source
June 14, 2016 by elegant · Leave a Comment
U.S. hotel chain Marriott International is on track to win unconditional EU antitrust approval for its cash and share purchase of Starwood Hotels and Resorts Worldwide Inc , a person familiar with the matter said on Tuesday. The deal, currently worth $12.5 billion, will put Marriott's brands including the Ritz-Carlton and Starwood's Sheraton and Westin…
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Exclusive: EU set to clear unconditionally Marriott, Starwood deal – source
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Lufthansa CEO says rising protectionism hampering M&A
June 5, 2016 by elegant · Leave a Comment
The growing trend of protectionism worldwide is hampering cross-border consolidation in the airline industry, the chief executive of German airlines group Lufthansa said on Saturday. “To be honest I see protectionism around the world rising rather than more liberalization,” Carsten Spohr said on Saturday at a Star Alliance event in Zurich, highlighting…
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Lufthansa CEO says rising protectionism hampering M&A
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Deutsche Boerse CEO touts LSE merger, saying ‘size is everything’
May 11, 2016 by publisher · Leave a Comment
FRANKFURT (Reuters) – Deutsche Boerse's planned $30 billion merger with LSE Group is on track for completion late this year or in early 2017, the German exchange operator's Chief Executive Carsten Kengeter said on Wednesday.
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Deutsche Boerse CEO touts LSE merger, saying ‘size is everything’
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Stuck with dangerous dollar dominance
May 11, 2016 by elegant · Leave a Comment
By Mike Dolan LONDON (Reuters) – The world is getting an object lesson on the problems of having one dominant global currency and even the supposed prime beneficiary, the United States, can see the downside…
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Stuck with dangerous dollar dominance
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Oil dips on Canada output prospects, record U.S. stocks
May 11, 2016 by admin · Leave a Comment
By Simon Falush LONDON (Reuters) – Crude prices fell on Wednesday as oil sands production in Canada restarted after forced closures due to wildfires, and as already record-high inventories especially in the United States grew. U.S. West Texas Intermediate (WTI) futures were down 44 cents at $44.22 a barrel. A battle between Middle East producers for market share in Asia also weighed on prices, countering production declines and disruptions around the world.
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Oil dips on Canada output prospects, record U.S. stocks