global-economic

Fed seen holding rates this week with hike still on horizon

By Jonathan Spicer and Ann Saphir NEW YORK/SAN FRANCISCO (Reuters) – U.S. Federal Reserve policymakers are expected to hold interest rates steady when they meet this week, but may tweak their description of the economic outlook to reflect more benign conditions, leaving the path open for future rate rises. The Fed raised its policy interest rate last December for the first time in a decade when market volatility finally subsided in the wake of a scare over China's economy. Similarly early …

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Fed seen holding rates this week with hike still on horizon

global-economic

Takata prepares CEO exit over air bag safety scandal: sources

Takata Corp is preparing the ground for the exit of its chief executive, two people close to the Japanese air bag maker said, as pressure builds on a company reeling from the auto industry's biggest recall. Takata has been under fire for almost two years over defective air bags that can explode with excessive force and shoot shrapnel inside the car – a problem that has ballooned…

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Takata prepares CEO exit over air bag safety scandal: sources

global-economic

In U.S. oil capital Houston, no cheap fuel bonanza for airlines

While airlines are in no rush to pass on fuel savings to passengers brought by the collapse in oil prices, the Houston travel market has left them little choice. Airlines serving the U.S. oil capital have resorted to steep discounts to lure newly budget-conscious energy executives back into the air, according to an analysis of ticket prices provided exclusively to Reuters. Crude'

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In U.S. oil capital Houston, no cheap fuel bonanza for airlines

global-economic

Fed keeps rates unchanged, wary eye on global markets

The U.S. Federal Reserve kept interest rates unchanged on Wednesday and said it was “closely monitoring” global economic and financial developments, signaling it had accounted for a stock market selloff but wasn't ready to abandon a plan to tighten monetary policy this year. Fed …

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Fed keeps rates unchanged, wary eye on global markets