BEIJING (Reuters) - China’s financial markets are expected to remain stable and the renminbi is not on course for a long-term devaluation, while fiscal spending will grow faster than expected this year, the country’s top financial officials told the G20.Finance Minister Lou Jiwei said that central government spending will rise 10 percent this year, more than the 7 percent growth budgeted at the start of the year, according to a statement late Saturday on the People’s Bank of China website.
They are acting while “craft” spirits like Sipsmith gin and Hudson whiskey are still relatively niche products.“A market that had been characterized by large-scale national brands is becoming increasingly focused on local, authentic, small-batch production.
(Reuters) - The head of the Richmond Federal Reserve said on Friday he would go into the Sept.16-17 Fed policy meeting with an open mind over whether to raise interest rates this month.
NEW YORK (Reuters) - The “flight to safety” into bonds many expected when U.S.
DETROIT (Reuters) - Fiat Chrysler Automobiles (FCAU.MI) is considering a health care co-op proposed by the United Auto Workers to cut rising costs.
(Reuters) - The United States is preparing to sanction Chinese companies connected to the cyber theft of U.Suspicions that Chinese hackers were behind a series of data breaches in the United States have been an irritant in relations between the United States and China.
N) Russian venture, Ford Sollers, opened a $275 million engine plant on Thursday, which will help make its Russian-produced vehicles less dependent on imported components and currency fluctuations.At least 30 percent of Russian-built Ford vehicles, including Ford Fiesta, Ford Focus, and Ford EcoSport models, will be equipped with locally built engines, the company said without providing a timeframe.
The company’s private equity owner has been battling its bondholders for control of the West Hartford, Connecticut-based business, and the parties are pressured by Colt’s dwindling cash.“It’s fair to say the parties are very close to a deal,” Colt lawyer John Rapisardi told the U.
NEW YORK (Reuters) - Oil prices plummeted on Tuesday, settling 8 percent lower, as weak Chinese data extended a roller-coaster run that knocked oil to its lowest in 6-1/2 years last week before frenzied short-covering fueled a 25 percent three-session surge.“It was primarily the China fear factor,” Carsten Fritsch at Commerzbank in Frankfurt told the Reuters Global Oil Forum.
NEW YORK (Reuters) - Argentina’s central bank on Monday won the reversal of a U.Circuit Court of Appeals in New York overturned a 2013 ruling denying a bid by Banco Central de la República Argentina (BCRA) to dismiss claims by U.
“Many companies in the market for funding right now are struggling to meet their valuation expectations and are going to have to reassess,” said Jon Sakoda of venture firm NEA.5 billion, the third-largest among venture capital-backed companies worldwide.
VX may seek partners to help improve its product lineup after a thorough review in the wake of a rebuffed takeover approach from Monsanto Co (MON.In an interview with Finanz und Wirtschaft, Michel Demare said it was too early to discuss what steps Syngenta planned to boost its results.
interest rate hike and help tamp down the market’s recent wild swings.A September rate increase hasn’t been ruled out, however.
Such actions are unethical, dishonest and illegal,” the company said in a statement.O) and Avast Software were among the companies targeted by Kaspersky Lab in campaigns between 2009 and 2013 to spread false positives through threat information-sharing programs.
(Reuters) - For much of her tenure as head of the Federal Reserve, Janet Yellen has been pressured by Republican lawmakers who want the U.That approach “brings fears of ‘seat-of-the-pants’ policymaking and, for the more excitable, of barbarians at the central bank gates,” Faust wrote.
N), the United States’ top seller of guns and ammunition, said on Wednesday it would stop selling the AR-15 and other semi-automatic rifles because of sluggish demand and focus instead on “hunting and sportsman firearms.” Lundberg said Wal-Mart would stop selling a class of rifle called the modern sporting rifle (MSR), which includes the semi-automatic AR-15.
BEIJING (Reuters) - The global stock market rout of the past week was sparked by concerns over a possible interest rate rise by the U.Federal Reserve and not by the devaluation of China’s yuan currency, a senior Chinese central bank official told Reuters on Thursday.
NEW YORK (Reuters) - U.The University of Michigan’s final August reading on the overall index on consumer sentiment came in at 91.
interest rate hike said central bankers should take a “wait-and-see” approach to tightening policy due to a financial market sell-off and China’s economic slowdown.central bank, further reducing the likelihood of a Fed rate hike in September.
KIEV (Reuters) - Ukraine reached what its finance minister called a “win-win” deal with its largest group of creditors to ease repayments on its $18 billion debt, winning breathing space for an economy drained by the cost of fighting with pro-Russian separatists.” But though Prime Minister Arseny Yatseniuk and Yaresko savored a victory after months of gloom, there was a question mark over whether the other creditors would fall in line.