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 …
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VIDEO: BP Says Whiting Refinery Still In Production After Fire
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 …
Continue readingVIDEO: Argentina Revokes Bank Of New York Mellon’s Authorization To Operate
Argentina said on Tuesday it had stripped Bank of New York Mellon’s authorization to operate in the South American country, its latest move against the financial institution which blocked an Argentine government debt payment on …
Continue readingVIDEO: Pressure Builds Within Fed To Signal New Policy Course
Pressure is building within the Federal Reserve for officials to move as early as next month to more clearly acknowledge improvements in the U.S. economy and lay the groundwork for the central bank’s first interest …
Continue readingVIDEO: Barring ‘very, Very Strong Data,’ Fed’s Lockhart Sees Mid-2015 Hike
A top Fed policymaker said on Friday, only signs of a much stronger U.S. economy will lead the Federal Reserve to hike interest rates before the middle of next year. Dennis Lockhart, president of the …
Continue readingVIDEO: Fed In ‘real Debate’ On Rate Hike In Early To Mid-2015: Lockhart
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 …
Continue readingVIDEO: Insight: Brazil’s Slump Hits Job Market As Election Approaches
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 …
Continue readingVIDEO: HSBC Is Sued In U.S. For $250 Million Over Alleged Role In ‘death Bonds’
HSBC was sued for $250 million on Friday for allegedly ignoring red flags that a colorful British entrepreneur, the late David Elias, was committing fraud through an investment vehicle he controlled. According to the complaint, …
Continue readingVIDEO: Exclusive: Lockheed, Suppliers Brainstorm How To Lower F-35 Operating Costs
Lockheed Martin met with 90 key suppliers last week to brainstorm ways to lower the long-term cost of operating and maintaining the F-35 fighter jets from the Pentagon’s current forecast of $1.02 trillion through 2065. …
Continue readingVIDEO: In Riot-hit Ferguson, Traffic Fines Boost Tension And Budget
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 …
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