Business
Fed's Goolsbee says 'stalled' inflation progress puts policy on hold
(Reuters) - Progress on bringing down inflation has "stalled" this year, Chicago Federal Reserve President Austan Goolsbee said on Friday, becoming the latest U.S. central banker to retreat from an earlier focus on the coming need for interest ...
Evercore consumer dealmaker Taetle is leaving the bank, sources say
By Abigail Summerville NEW YORK (Reuters) - Adam Taetle, a senior managing director at Evercore who advised on several transactions in the consumer & retail industry, will be leaving the investment bank, according to people familiar with the ...
BoE's Ramsden says inflation could hold around 2% target over next three years
WASHINGTON (Reuters) - Bank of England Deputy Governor Dave Ramsden said on Friday that inflation could hold around the central bank's 2% target for the next three years rather than rise higher as set out in the BoE's most recent forecasts. "For ...
Oilfield firm SLB's profit rises on international drilling demand
HOUSTON (Reuters) -Top oilfield services firm SLB reported a 14% rise in first-quarter profit on Friday, in line with analysts' estimates, as strong oil and gas drilling demand in the Middle East and Africa helped offset weakness in North American ...
IMF urges Italy, France to spend less, Germany to loosen purse strings
By Francesco Canepa WASHINGTON (Reuters) - Italy and France should cut spending faster than they currently plan to keep debt under control while Germany should loosen its own purse strings to revive growth, the International Monetary Fund said on ...
China moves to boost foreign investment in domestic tech companies
BEIJING (Reuters) - China published measures on Friday aimed at promoting overseas investment in its technology sector, in a latest bid to attract foreign investors amid signs some are considering shifting away from the world's second-largest ...
Worsening US debt outlook seen more in gold and bitcoin than in bonds
(Reuters) - Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the country's fiscal path, market observers say. The ...
China slaps anti-dumping levy on import of a US chemical amid rising trade tensions
BEIJING (Reuters) - China on Friday slapped a levy on imports of an acid from the United States widely used in food, feed, pesticides and medical fields, amid heightened tensions with Washington over bilateral trade. From Saturday, imports of ...
Shipping industry urges UN to protect vessels after Iran seizure
LONDON (Reuters) - Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East and the United Nations must do more to protect supply chains, the industry said in a letter released on Friday. Tensions have ...
Dutch privacy watchdog recommends government organisations stop using Facebook
AMSTERDAM (Reuters) - The Dutch privacy watchdog AP on Friday said it was recommending that government organizations should stop using Facebook as long as it is unclear what happens with personal data of users of the government's Facebook pages. ...