central-bank

U.S. job growth slows; markets bet on December rate hike

U.S. employment growth eased for the third straight month in September and the jobless rate rose, but the slowdown was not expected to prevent the Federal Reserve from raising interest rates later this year. The…

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U.S. job growth slows; markets bet on December rate hike

central-bank

Fed’s Lacker says he would have dissented at September meeting

Richmond Federal Reserve President Jeffrey Lacker said he would have voted in favor of an interest rate hike at the Fed's September policy meeting had he been able to vote, reflecting the growing pressure on Fed Chair Janet Yellen to raise rates. The U.S. central bank left interest rates steady at its Sept 20-21 meeting but three of its 10 voting policymakers dissented because they wanted a quarter percentage point increase. Lacker, one of …

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Fed’s Lacker says he would have dissented at September meeting

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Fed policymakers divided over whether to raise rates soon: minutes

Federal Reserve policymakers agree that more economic data is needed before raising interest rates, although some see a need to tighten policy soon, according to the minutes from the U.S. central bank'…

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Fed policymakers divided over whether to raise rates soon: minutes

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China central bank: yuan’s global acceptance to be driven by market

BEIJING (Reuters) – The internationalization of the yuan has exceeded people's expectations and its global acceptance will be driven by market forces, Yi Gang, a China central bank vice governor, said on Monday. China will continue

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China central bank: yuan’s global acceptance to be driven by market

central-bank

China’s slowing wholesale deflation takes pressure off central bank

By Elias Glenn and Yawen Chen BEIJING (Reuters) – China's factory price deflation moderated further in July, with prices falling at their slowest pace in two years, taking pressure off the central bank to cut rates as policymakers turn their focus to structural reforms and ballooning credit. A government-led building spree has increased demand for construction materials, but higher prices are also due in part to speculation in China's commodities futures market, which has pushed up Shanghai rebar futures up by 50 percent this year. …

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China’s slowing wholesale deflation takes pressure off central bank

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U.S. finds unapproved emissions software in VW Audi engines – Bild am Sonntag

U.S. authorities have found three unapproved software programs in 3.0 liter diesel engines made by Volkswagen's Audi unit, German weekly Bild am Sonntag reported, without saying where it had obtained the information. The software allowed the turbocharged direct injection (TDI) engines used in Audi's Q7, Porsche's Cayenne and VW's Touareg models to shut down emissions control…

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U.S. finds unapproved emissions software in VW Audi engines – Bild am Sonntag

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China’s July forex reserves fall to $3.20 trillion

China's foreign exchange reserves fell to $3.20 trillion in July, central bank data showed on Sunday, in line with analyst expectations. China's reserves, the largest in the world, fell by $4.10 billion in July. The reserves rose $13.4 billion in June, rebounding from a 5-year low in May. China's

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China’s July forex reserves fall to $3.20 trillion

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Brexit helped keep Fed on hold, could slow future U.S. rate rises

Federal Reserve Chair Janet Yellen left U.S. interest rates unchanged on Wednesday, citing slow jobs gains, tepid growth and low inflation – and an impending vote in Britain on whether to quit the European

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Brexit helped keep Fed on hold, could slow future U.S. rate rises

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Two Fed bank presidents backed rate hike ahead of last meeting

The heads of two regional Federal Reserve banks supported a rate hike ahead of the Fed's March meeting as an improving economy added to sentiment to tighten monetary policy. The heads of the Richmond and Kansas City Fed branches supported a quarter point hike in the main lending rates for banks “in light of continued improvements in labor market conditions and expectations that inflation would rise,” according to …

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Two Fed bank presidents backed rate hike ahead of last meeting

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Google’s cloud business nabs Home Depot as client

By Sarah McBride SAN FRANCISCO (Reuters) – Google Inc, long an also-ran in cloud services, has scored an important victory in its effort to win corporate clients: Home Depot is moving some of its data to Google's cloud. The deal, flagged Tuesday by Google executive Greg DeMichillie in a briefing and expected to be…

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Google’s cloud business nabs Home Depot as client

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