Philadelphia Federal Reserve Bank President Charles Plosser, the loan dissenter at the Fed’s July policy meeting, on Saturday continued his push for the U.S. central bank to change its language on monetary policy to reflect an improving economy and pave the way for a sooner-than-expected interest rate hike. Plosser, who...
Thailand’s second-largest budget carrier, Nok Airlines, said on Monday it expected its net loss in the third quarter will be lower than the second and aims to make profit in the fourth quarter due to rising passenger numbers. Chief executive Patee Sarasin told reporters, Nok Airlines’s average cabin factor, the...
Swatch Group is happy to go it alone with a launch next year of watches with “smart” features to compete with so-called wearable gadgets from the big tech companies, a market potentially worth $93 billion. The world’s biggest watchmaker, which sees the advent of smartwatches as an opportunity rather than...
BP said its largest U.S. oil refinery in Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before that was expected to have a minimal impact on production. The company said one worker was taken to an area hospital for treatment, but was later released. BP...
Atlanta Fed President Dennis Lohckhar said the Federal Reserve is focused on an initial interest rate hike between the first quarter and the middle of next year, with possible changes in its main policy statement as soon as next month. Lockhart told Reuters, “It is reasonable with the improving data...
Many of Brazil’s biggest retailers, homebuilders and carmakers are cutting jobs as Latin America’s largest economy teeters on the edge of recession, a fresh blow to President Dilma Rousseff’s re-election bid. For years, low unemployment was key to Brazil’s emergence as an economic power and important gains in the fight...
When calm and order is finally restored to Ferguson, Missouri, the city’s leaders may find little room to maneuver to resolve an issue that has long inflamed racial tensions: traffic tickets. On the surface it would seem an easy fix for the mainly white police force simply to adopt a...
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