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Australia’s Crown Resorts leaves Las Vegas, sells down Macau

By Byron Kaye and Jonathan Barrett SYDNEY (Reuters) – Australia's No. 1 casino company Crown Resorts Ltd is planning a near-total exit from the world's two biggest gaming hubs, Las Vegas and Macau, as a gambling crackdown in China hits profits and throws its expansion plans into disarray. The retreat from overseas casinos shows the impact the Chinese government's anti-graft campaign is having on casino…

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Australia’s Crown Resorts leaves Las Vegas, sells down Macau

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Targeting U.S. automaker signals possible China retaliation over Trump talk

By Arshad Mohammed, Matt Spetalnick and Benjamin Kang Lim WASHINGTON/BEIJING (Reuters) – China's plan to punish a U.S. automaker accused of price-fixing is a sign of how Beijing could retaliate …

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Targeting U.S. automaker signals possible China retaliation over Trump talk

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Fed lifts rates, sees faster pace of hikes in Trump’s first year

The U.S. Federal Reserve raised interest rates on Wednesday and signaled a faster pace of increases in 2017 as central bankers adapted to the incoming Trump administration's promises of tax cuts, spending and deregulation. The increase in the federal funds rate to a range of between 0.50 percent and 0.75 percent was widely expected. In a news conference following the unanimous rate decision, Fed Chair Janet Yellen said Donald…

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Fed lifts rates, sees faster pace of hikes in Trump’s first year

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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 keeps rates steady, signals one hike by end of year

The U.S. Federal Reserve left interest rates unchanged on Wednesday but strongly signaled it could still tighten monetary policy by the end of this year as the labor market improved further. Fed Chair Janet Yellen, speaking after the central bank's latest policy statement, said U.S. growth was looking stronger and rate increases would be needed to keep the economy from overheating and fueling high inflation.

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Fed keeps rates steady, signals one hike by end of year

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As Fed nears rate hikes, policymakers plan for ‘brave new world’

By Jason Lange and Ann Saphir JACKSON HOLE, Wyo. (Reuters) – Federal Reserve policymakers are signaling they could raise U.S. interest rates soon but they are already weighing new tools they may need to fight the next recession. A solid U.S. labor market “has strengthened” the case for the first rate increase since

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As Fed nears rate hikes, policymakers plan for ‘brave new world’

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Fed’s Yellen sees stronger case for interest rate hike

The Federal Reserve is getting closer to raising interest rates again, the head of the U.S. central bankand other policymakers said on Friday in comments that left the door open for a hike as early as next month. Fed Chair Janet

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Fed’s Yellen sees stronger case for interest rate hike

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As central bankers gather, some at Fed make rate-hike case

As central bankers converge on this mountain resort Thursday for an annual conference on monetary policy, a couple of top Federal Reserve officials took the chance to renew a push for interest-rate hikes, citing improvement in employment and inflation. “The case is strengthening” for a rate hike, Dallas Fed President Robert Kaplan told CNBC, whose open-air studio here overlooks the craggy peaks of the Grand Teton National Park. “And you should conclude from that in the not-too-distant future … …

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As central bankers gather, some at Fed make rate-hike case

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Fed guessing game moves up a gear as Yellen takes stage

The debate over whether the U.S. Federal Reserve is readying an interest rate hike will get its umpteenth airing over the coming week, with all eyes on Chair Janet Yellen to provide some clarity. Amid conflicting signals from the Fed in recent days, central bankers from around the world will gather from Aug. 25 for an annual meeting in the mountains of Jackson Hole, Wyoming, with Yellen due to speak the following day. “Yellen could provide her current assessment of the outlook for job growth, …

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Fed guessing game moves up a gear as Yellen takes stage

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Tesla offers $2.8 billion for SolarCity in ‘no brainer’ deal for Musk

By Nichola Groom and Paul Lienert LOS ANGELES/DETROIT (Reuters) – Elon Musk on Tuesday sought to build a clean energy powerhouse as his electric car maker, Tesla Motors Inc , made an offer to buy his solar installation firm SolarCity Corp in a stock deal worth as much as $2.8 billion. Tesla shares plunged more than 13 percent to $189.99 in extended trading – amounting to a loss in value of about $4.3 billion, or more than the value of the offer for the other company. Shares of SolarCity rose about 18 percent …

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Tesla offers $2.8 billion for SolarCity in ‘no brainer’ deal for Musk

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