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No price like home: Big spenders reappear in China

December 4, 2016 by · Leave a Comment 

SHANGHAI/BEIJING (Reuters) – China's wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents – a welcome boost for the world's luxury brands. China's rich make up almost a third of the world's luxury shoppers, up from only 2 percent around the …

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No price like home: Big spenders reappear in China

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Fed official stands by Wall Street reforms, says must complete work

December 4, 2016 by · Leave a Comment 

The United States “absolutely must” complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday. Dudley's comments, to a Group …

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Fed official stands by Wall Street reforms, says must complete work

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Financial stability should not become Fed’s third mandate: Mester

July 12, 2016 by · Leave a Comment 

Maintaining stability in financial markets should not be an explicit goal for the Federal Reserve, which should use interest rates to head off a crisis only if more precise and better-suited tools fail, a top Fed official said on Tuesday. “If our macroprudential tools proved…

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Financial stability should not become Fed’s third mandate: Mester