president-loretta

Finance leaders issue fresh warnings amid Deutsche worries, pound rout

World finance leaders issued fresh warnings about economic stability risks on Friday amid worries about a massive U.S. fine for Deutsche Bank destabilizing Germany's largest bank, a sharp fall in the British pound and weak global growth. Jeroen Dijsselbloem, the chairman of euro zone finance ministers, said that the U.S. Department of Justice's demand that Deutsche Bank pay $14 billion for its role in the sub-prime mortgage crisis is too big and will undermine financial …

The rest is here: 
Finance leaders issue fresh warnings amid Deutsche worries, pound rout

president-loretta

Fed’s Mester says U.S. economic data consistent with higher rates

Cleveland Federal Reserve President Loretta Mester said current U.S. economic data, including the September payrolls report released on Friday, were consistent with the U.S. central bank considering an increase in interest rates. “We have made progress on both (of the Fed's) mandates,” Mester, who dissented with two other Fed officials at the September policy meeting, told reporters after a speech at an event organized by the Manhattan Institute.

More:
Fed’s Mester says U.S. economic data consistent with higher rates

president-loretta

Financial stability should not become Fed’s third mandate: Mester

Maintaining stability in financial markets should not be an explicit goal for the Federal Reserve, which should use interest rates to head off a crisis only if more precise and better-suited tools fail, a top Fed official said on Tuesday. “If our macroprudential tools proved…

More:
Financial stability should not become Fed’s third mandate: Mester

president-loretta

Wal-Mart says tech investments will boost online sales

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

See more here: 
Wal-Mart says tech investments will boost online sales

president-loretta

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

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 …

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

president-loretta

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

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

Read more from the original source: 
Fed’s Mester says gradual rate hikes still appropriate after jobs report