October 12, 2017 WASHINGTON (Reuters) – The Fed needs to mount a clear defense of its 2 percent inflation target or risk losing credibility, and possibly triggering a recession, if it continues raising rates until the pace of price increases strengthens, St. Louis Fed President James Bullard said on Thursday. […]
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Loan growth helps JPMorgan beat expectations despite trading decline
FILE PHOTO: People pass the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. REUTERS/Mike Segar/File Photo October 12, 2017 (Reuters) – JPMorgan Chase & Co’s <JPM.N> quarterly profit and revenue easily trumped Wall Street’s expectations on Thursday, but a slump […]
LG to open Europe’s biggest car battery factory next year
FILE PHOTO – The LG logo is seen on a building roof in Minsk, Belarus, September 12, 2016. REUTERS/Vasily Fedosenko/File Photo October 12, 2017 By Marcin Goettig WARSAW (Reuters) – South Korea’s LG Chem will open Europe’s largest lithium-ion battery factory in Poland next year as the region’s auto industry […]
Tight leash on costs helps Citigroup trump Wall Street view
FILE PHOTO: A view of the exterior of the Citibank Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. REUTERS/Mike Segar/File Photo October 12, 2017 (Reuters) – Citigroup Inc’s <C.N> quarterly profit and revenue beat Wall Street expectations as the bank kept a tight lid on […]
Palestinian rivals Fatah, Hamas sign reconciliation deal in Cairo: broadcast
FILE PHOTO: Palestinian Prime Minister Rami Hamdallah (R) and Hamas Chief Ismail Haniyeh hold hands in Gaza City October 2, 2017. REUTERS/Ibraheem Abu Mustafa/File Photo October 12, 2017 By Hesham Hajali and Nidal al-Mughrabi CAIRO/GAZA (Reuters) – Rival Palestinian factions Hamas and Fatah reached a deal over political reconciliation on […]
Irish court gives $1 billion Apple data center green light
Two new iPhone 8’s are placed out during a sale at the 5th Avenue Apple store in New York City, U.S., September 22, 2017. REUTERS/Brendan McDermid October 12, 2017 By Padraic Halpin DUBLIN (Reuters) – Apple may proceed to build a 850 million euro ($1 billion) data center in Ireland, […]
Sports car maker Aston Martin counts on an SUV to drive its future
FILE PHOTO: Aston Martin Lagonda Ltd. CEO Andrew Palmer addresses media during the first press day ahead of the 85th International Motor Show in Geneva March 3, 2015. REUTERS/Arnd Wiegmann/File Photo October 12, 2017 By Joseph White DETROIT (Reuters) – The arrival of Aston Martin’s DBX sport utility vehicle in […]
Facebook pushes ad overhaul before 2018 U.S. election: executive
Mike Schroepfer, CTO of Facebook, speaks on stage during the annual Facebook F8 developers conference in San Jose, California, U.S., April 18, 2017. REUTERS/Stephen Lam October 12, 2017 By David Ingram SAN JOSE, Calif. (Reuters) – Facebook Inc has begun overhauling how it handles political ads on its platform and […]
No Vacancies: Airbnb shutters Beijing rentals ahead of Party Congress
FILE PHOTO: Airbnb Co-Founder and CEO Brian Chesky speaks at an event to launch the brand’s Chinese name, in Shanghai, China, March 22, 2017. REUTERS/Adam Jourdan/File Photo October 12, 2017 By Cate Cadell and Pei Li BEIJING (Reuters) – U.S. short-term rental service Airbnb Inc has removed listings in Beijing […]
Airbus board carried out management review amid compliance row: sources
A logo of Airbus is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse October 12, 2017 PARIS (Reuters) – The board of Europe’s Airbus ordered out a private review of top management before backing Chief Executive Tom […]