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U.S. bankruptcy court judge OKs $425 million for Avaya loan

A U.S. bankruptcy court judge granted Avaya Inc approval on Friday to tap $425 million of the $725 million loan proposed to carry the telecommunications company through its restructuring, funds the company said were essential to continue operations. Avaya filed for Chapter 11 bankruptcy protection on Thursday to cut its …

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U.S. bankruptcy court judge OKs $425 million for Avaya loan

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Dollar rallies against yen, euro as FBI clears Clinton

TOKYO/SYDNEY (Reuters) – The dollar jumped early on Monday after the FBI said a review of newly discovered emails did not change the agency's conclusion that no charges were warranted in the case of Democrat Hillary Clinton's use of a private email server. Markets have tended to see U.S. presidential

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Dollar rallies against yen, euro as FBI clears Clinton

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Fed’s Kaplan urges ‘slow, gradual, careful’ approach on rates

Global headwinds are undercutting the Federal Reserve's efforts to boost the U.S. economy, making low interest rates not nearly as stimulative as they were when the rest of the world economy was growing faster, a top Fed official said on Wednesday. A “slow, gradual, careful” approach to raising interest rates is therefore appropriate as the U.S. central bank deals with this new world of slower growth, Dallas Fed President Robert Kaplan said in a …

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Fed’s Kaplan urges ‘slow, gradual, careful’ approach on rates

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Bank of Israel buying ‘hundreds of millions’ of dollars: sources

The Bank of Israel bought “hundreds of millions” of dollars of foreign currency on Monday, dealers said, after the shekel continued to strengthen for a fifth straight session. Its move came after financial newspaper TheMarker reported that the bank's intervention policy had come under fire by Prime Minister Benjamin Netanyahu's chief economics advisor, Avi Simhon, who was quoted as saying that intervention was tantamount to a protective tariff that raises prices for consumers by deterring import competition. The Bank of Israel has been …

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Bank of Israel buying ‘hundreds of millions’ of dollars: sources