european
Asia slips after Wall Street loses steam, dollar clings to gains
July 20, 2016 by creative · Leave a Comment
Global risk appetite, which has recovered rapidly from the Brexit shock late in June, received a sobering reminder after the International Monetary Fund (IMF) cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain's looming exit from the European Union. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1 percent, putting some distance between …
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Asia slips after Wall Street loses steam, dollar clings to gains
european
IKEA to recall 1.7 million chests, dressers in China: watchdog
July 12, 2016 by admin · Leave a Comment
Swedish furniture company IKEA Group [IKEA.UL] said it would recall 1.66 million chests and dressers in China over concerns the drawers could pose a danger to children if not properly fixed to walls, China's safety regulator said on Tuesday. The recall covers MALM chests or dressers manufactured from 1999 to 2016, China's General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said in a statement posted on …
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IKEA to recall 1.7 million chests, dressers in China: watchdog
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Exclusive: Japan government to cut inflation forecasts, gloomier on outlook than BOJ
July 12, 2016 by creative · Leave a Comment
Japan's government is expected to cut its consumer inflation forecast for the current fiscal year and produce an estimate for fiscal 2017 that is much lower than the central bank's 2 percent target, government sources told Reuters on Tuesday. In draft forecasts to be finalised on Wednesday, the…
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Exclusive: Japan government to cut inflation forecasts, gloomier on outlook than BOJ
european
Global shares gain as Brexit tensions ease amid stimulus hopes
July 12, 2016 by admin · Leave a Comment
Europe's STOXX 600 rose 0.5 percent, helped by gains in Daimler and Unicredit , while sterling jumped 1.1 percent against the dollar, pulling further from a 31-year low hit last week. In Britain, interior minister Theresa May was set to become prime minister on Wednesday, offering some relief from the political uncertainty that has dogged the market since the country voted to leave the European Union last month. “U.S. real interest rates are now negative.
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Global shares gain as Brexit tensions ease amid stimulus hopes
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Japan’s Orix buys U.S. housing tax credit syndicator: sources
July 9, 2016 by elegant · Leave a Comment
Japanese financial services company Orix Corp has bought Boston Financial Investment Management, a U.S. money manager specialized in tax credit investments for low-income housing suppliers, two sources said on Saturday. Orix paid several hundred million dollars to buy Boston Financial
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Japan’s Orix buys U.S. housing tax credit syndicator: sources
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Theranos CEO Holmes barred from operating lab for 2 years
July 9, 2016 by creative · Leave a Comment
(Reuters) – A U.S. health regulator has barred blood-testing company Theranos Inc's founder and CEO, Elizabeth Holmes, from operating a lab for at least two years, the latest blow for a company that is under scrutiny for the accuracy and quality of its tests. The Centers for Medicare & Medicaid Services (CMS)revoked a key certificate for the company's Newark, California lab, and terminated…
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Theranos CEO Holmes barred from operating lab for 2 years
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Germany denies investigating Tesla over software updates
July 9, 2016 by creative · Leave a Comment
By Michael Nienaber and Rene Wagner BERLIN (Reuters) – Germany's Transport Ministry denied a media report on Friday that it was investigating Tesla Motors Inc for updating driving assistance software without informing authorities, but said it was “clarifying technical issues” on the matter. German magazine Der Spiegel reported, without citing a source, that there were indications Tesla uploaded new software features to a driving assistance system which had not been examined for
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Germany denies investigating Tesla over software updates
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U.S. economy posts largest job gains in eight months in June
July 9, 2016 by publisher · Leave a Comment
U.S. job growth surged in June as manufacturers and other employers boosted hiring, confirming the economy has regained speed after a first-quarter lull, but tepid wages suggested the Federal Reserve will probably not raise interest rates soon. The sign of strength in the economy, however, precedes Britain's stunning vote last month to leave the European Union. “For the Fed, this report is likely to offer some encouragement…
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U.S. economy posts largest job gains in eight months in June
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Jobless claims, hiring data brighten U.S. labor market view
July 7, 2016 by publisher · Leave a Comment
U.S. private payrolls increased more than expected in June as small businesses ramped up hiring, and fewer Americans applied for unemployment benefits last week, suggesting a rebound in job growth after May's paltry gains. Thursday's reports underscored the economy's strength and supported views that the United States would weather the impact of last month's British referendum to leave the European Union. “The labor market does not seem to be faltering.
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Jobless claims, hiring data brighten U.S. labor market view
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Fed’s Fischer watching how quickly Brexit unfolds: CNBC
July 3, 2016 by creative · Leave a Comment
The U.S. economy has shown signs of improvement in recent weeks but the Federal Reserve expects it will take some time before it can assess the impact of Britain's vote to leave the European Union, Fed Vice Chair Stanley Fischer said on Friday. A June 3 report showing a sharp slowdown in hiring during May and the risks around…
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Fed’s Fischer watching how quickly Brexit unfolds: CNBC