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

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

Global factory growth nearly stalled in April: PMI

LONDON (Reuters) – Global manufacturing growth almost stalled last month as rising price halted a pick-up in new orders, a survey showed on Tuesday.

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Global factory growth nearly stalled in April: PMI

New drugs fuel strong Pfizer results; company raises 2016 forecasts

Pfizer said sales would be hurt in the fourth quarter of 2016, however, when those added days will be offset by fewer days. Pfizer walked away from the deal after the U.S. Treasury issued new rules curbing tax inversion deals, under which American companies move overseas to cut taxes. Many analysts believe Pfizer needs to buy new medicines or entire biotech companies to ensure competitive earnings growth.

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New drugs fuel strong Pfizer results; company raises 2016 forecasts

U.S. prosecutors consider more charges against ex-CEO Shkreli

NEW YORK (Reuters) – Former drug executive Martin Shkreli, who last year became a lightning rod for outrage over soaring prescription drug prices, may face additional U.S. charges of securities fraud, a federal prosecutor

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U.S. prosecutors consider more charges against ex-CEO Shkreli

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

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

ICE may have more time to consider bid for London bourse

By Sophie Sassard and Huw Jones LONDON (Reuters) – London Stock Exchange Group and Deutsche Boerse may have to delay a vote on their proposed merger until after Britain's EU referendum, handing more time to Intercontinental Exchange to decide whether to make a counter-bid for the British bourse. LSEG had been expected to hold a special shareholder meeting to approve the merger with Deutsche Boerse before Britain votes on June 23 on whether to quit the EU. …

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ICE may have more time to consider bid for London bourse

Asia’s factories stay sluggish, stimulus lacks traction

Japanese manufacturing activity shrank in April at the fastest pace in more than three years as deadly earthquakes disrupted production, while output in China and the rest of Asia remained lukewarm at best. “The backdrop remains one of sub-trend growth, inflation that is below target, difficulty …

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Asia’s factories stay sluggish, stimulus lacks traction

As oil plows through $45 a barrel, U.S. producers rush to lock in prices

The flurry of dealing kicked off when prices pierced $45 per barrel earlier in April. While it was not clear if oil prices will remain at current levels, it may also be a sign producers are preparing to add rigs and ramp up output. This

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As oil plows through $45 a barrel, U.S. producers rush to lock in prices

Halliburton and Baker Hughes scrap $28 billion merger

Oilfield services provider Halliburton Co and smaller rival Baker Hughes Inc announced the termination of their $28 billion merger deal on Sunday after opposition from U.S. and European antitrust regulators. It is the latest example of a large merger deal failing to make it

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Halliburton and Baker Hughes scrap $28 billion merger

Air France-KLM to name Jean-Marc Janaillac as new CEO: source

Air France-KLM's board is to appoint Jean-Marc Janaillac as the Franco-Dutch airline group's next chief executive on Tuesday to replace Alexandre de Juniac, a source close to the matter said on Saturday. Frederic Gagey would remain as head of

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Air France-KLM to name Jean-Marc Janaillac as new CEO: source

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