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Fed lifts rates, sees faster pace of hikes in Trump’s first year
December 15, 2016 by publisher · Leave a Comment
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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Yahoo set to confirm massive data breach: Recode
September 22, 2016 by admin · Leave a Comment
(Reuters) – Yahoo Inc will confirm this week a massive data breach of its service, technology news website Recode reported on Thursday, citing several sources close to the situation.
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Yahoo set to confirm massive data breach: Recode
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KDB to extend $45 million credit line to help unload Hanjin cargo
September 22, 2016 by admin · Leave a Comment
Korea Development Bank (KDB), the lead creditor of Hanjin Shipping Co Ltd said on Thursday it will offer a 50 billion won ($45 million) credit line to help Hanjin unload stranded cargo. The credit line is to be used only when all available funds from Hanjin Shipping, top shareholder Korean Air Lines, Hanjin Group's
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KDB to extend $45 million credit line to help unload Hanjin cargo
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U.S. lawmakers blast Mylan CEO over ‘sickening’ EpiPen price hikes
September 22, 2016 by elegant · Leave a Comment
U.S. lawmakers on Wednesday blasted Mylan NV Chief Executive Heather Bresch for sharply increasing prices for the EpiPen emergency allergy treatment at a congressional hearing in which Republicans and Democrats questioned the reasons behind rising U.S. drug costs. The House Committee on Oversight and Government Reform called Bresch to testify in the wake of public outrage over EpiPen, whose list price has risen to $600 for a pair of the devices compared with $100 in 2007. At several points, they cut …
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U.S. lawmakers blast Mylan CEO over ‘sickening’ EpiPen price hikes
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Fed keeps rates steady, signals one hike by end of year
September 22, 2016 by elegant · Leave a Comment
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