Bill Gross of Janus blames Fed for ‘fake markets’ Influential bond investor Bill Gross of Janus Henderson Investors said on Monday that financial markets are artificially compressed and capitalism distorted because of the U.S. Federal Reserve’s loose monetary policy. “I think we have fake markets,” Gross said at a Janus […]
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Commerzbank, other banks join UBS and IBM trade finance blockchain Commerzbank, other banks join UBS and IBM trade finance blockchain:- Commerzbank AG, Bank of Montreal, Erste Group Bank AG and CaixaBank SA have joined an initiative launched by UBS Group AG and IBM Corp aimed at building blockchain-based technology to […]
The racially-charged fight for a union It’s a warm Sunday in Canton, Mississippi, and in a field about two miles (3km) from the Nissan plant, the crowd of workers is angry. One wears a T-shirt reading “vote yes,” while another leads the group in a rousing song about “knowing your […]
U.S. spending, factory data point to moderate economic growth U.S. spending, factory data point to moderate economic growth:- A gauge of U.S. factory activity slid from a near three-year high in July amid a slowdown in new orders and consumer spending barely rose in the prior month, setting the stage […]
Shunned from bond market, U.S. Virgin Islands faces cash crisis For a glimpse at the precarious financial health of this Caribbean island, visit its public hospital. Pipes underneath the emergency room collapsed in May, causing waste water to back up through the drains. Now workers and visitors – even patients […]
Venezuelan oil supply to Phillips 66 falls amid quality issues Venezuelan oil supply to Phillips 66 falls amid quality issues:- Venezuela’s supply of heavy crude to U.S. independent refiner Phillips 66 has dropped by more than two-thirds this year in part due to quality problems, and the company has cancelled at […]
Veiled marketing, Anti-smoking groups slam Indonesia’s Big Tobacco Veiled marketing, Anti-smoking groups slam Indonesia’s Big Tobacco:- Anti-smoking groups in Indonesia have slammed Big Tobacco for promoting sales by giving retailers cash rewards, shopping vouchers and even money to renovate, urging authorities to enforce advertising curbs to safeguard public health. The […]
U.S. pending home sales rise; Midwest factory activity slows U.S. pending home sales rise; Midwest factory activity slows: Contracts to buy previously owned U.S. homes rebounded in June after three straight monthly declines, but the housing market remained constrained by a shortage of properties available for sale. Other data on […]
Boeing takes aim at its avionics suppliers, sending stocks down Boeing takes aim at its avionics suppliers, sending stocks down: Boeing Co (BA.N) said on Monday it set up an avionics group to make aircraft controls and electronics that compete with its own suppliers such as Rockwell Collins Inc (COL.N), […]
Europe, tech keeps stocks in check; U.S. dollar softens Europe, tech keeps stocks in check; U.S. dollar softens: Retreating U.S. technology shares and soft European markets capped world equity gains on Monday, while the U.S. dollar fell to its lowest level in over a year against a basket of major […]
