federal-reserve

White House threatens veto of rule-based monetary policy bill

By Jason Lange WASHINGTON (Reuters) – The White House on Tuesday issued a veto threat for a Republican-backed bill to make the Federal Reserve set interest rate policy using a mathematical rule, a proposal Fed Chair Janet Yellen said would “severely damage” the U.S. economy. The Obama administration opposes the proposal because it would hinder the Fed's ability to help the economy, the White House said in a statement. Lawmakers in the U…

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White House threatens veto of rule-based monetary policy bill

federal-reserve

Monsanto could take lead role in agchem acquisitions: executives

Monsanto Co. executives are discussing whether they should acquire rivals, including top pesticide maker Syngenta AG, company executives said on Tuesday, as talk of consolidation continues in the global agrochemical industry. “We've had conversations inside” about Syngenta and other agricultural companies, Monsanto President Brett Begemann said at an investor meeting at its headquarters in St. Louis. Company executives were studying every possibility for consolidation in both the seed and agrochemical sectors

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Monsanto could take lead role in agchem acquisitions: executives

federal-reserve

Ford’s Lincoln brand debuts new face for its best-selling model

(Reuters) – Ford Motor Co's Lincoln brand is changing the look of its vehicles, starting with a new face for its best-selling model, the MKZ sedan. Ford plans to unveil the restyled 2017 Lincoln MKZ at the Los Angeles Auto Show on Wednesday, showing the first production version of a new

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Ford’s Lincoln brand debuts new face for its best-selling model

federal-reserve

Asian shares slip, copper tumbles as worry takes toll

By Hideyuki Sano and Lisa Twaronite TOKYO (Reuters) – An index of Asian shares fell on Wednesday as copper prices tumbled and another bomb scare in Europe and gunfire in the French capital hurt risk appetite, while bets that the Federal Reserve remains on track for a rate hike underpinned the dollar. “The rally in US equity markets that followed on from European markets strong lead this week was stopped dead in its tracks last night, on reports of a multiple bomb threat in Hannover, with…

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Asian shares slip, copper tumbles as worry takes toll

federal-reserve

VW engineers admitted rigging CO2 emissions: Bild

Several Volkswagen engineers have admitted manipulating carbon dioxide emissions data because goals set by former Chief Executive Martin Winterkorn were difficult to achieve, Bild am Sonntag reported. The paper said VW engineers tampered with tire pressure and mixed diesel with their motor oil to make them use less fuel, a deception that began in 2013 and carried

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VW engineers admitted rigging CO2 emissions: Bild

federal-reserve

Fed rate hike ‘makes sense’, says U.S. central banker

Now that the United States is closing in on full employment and inflation is likely to rise to target levels, the “next step” should be to start gradually increasing rates, a top U.S. central banker said on Saturday. “I do think it…

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Fed rate hike ‘makes sense’, says U.S. central banker

federal-reserve

Weak U.S. data clouds December rate hike possibility

U.S. consumer spending in September recorded its smallest gain in eight months as personal income barely rose, suggesting some cooling in domestic demand after recent hefty increases. The Commerce Department data and another report from the Labor Department on Friday also showed weak inflationary pressures, which would argue against the Federal Reserve raising interest rates at the end of the year

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Weak U.S. data clouds December rate hike possibility

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