Business

Traders keep bets on three Fed rate hikes in 2017

Traders keep bets on three Fed rate hikes in 2017

Published 10/03/2017

The Federal Reserve Building stands in Washington April 3, 2012. REUTERS/Joshua Roberts/File Photo

U.S. short-term interest rate futures were little changed on Friday after a government report showed big job gains last month, underscoring the likelihood that the Federal Reserve will raise rates next week and two more times in 2017.

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EU capitalizing on free-trade interest amid gloom over Trump policies

EU capitalizing on free-trade interest amid gloom over Trump policies

Published 10/03/2017

EU Trade Commissioner Cecilia Malmstrom talks to reporters in Pasay city, Metro Manila, in the Philippines March 10, 2017. REUTERS/Erik De Castro

The European Union is seeing increased impetus around the world to move forward with Free Trade Agreements (FTA) with the bloc, which will make the most of uncertainty over the outlook for U.S. trade policy, the EU's trade envoy said on Friday.

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Chinese provinces fizz with fervor for Xi`s New Silk Road

Published 10/03/2017

China's regional governments are falling over each other to curry favor with President Xi Jinping, jostling for roles in his New Silk Road plan to boost economic and cultural links through Asia to Europe.

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Stocks up, dollar firm as U.S. jobs data set to clear path for higher rates

Stocks up, dollar firm as U.S. jobs data set to clear path for higher rates

Published 10/03/2017

People are seen behind an electronic board showing stock prices after the New Year opening ceremony at the Tokyo Stock Exchange (TSE), held to wish for the success of Japan's stock market, in Tokyo, Japan, January 4, 2017. REUTERS/Kim Kyung-Hoon

Stocks rose, the dollar was on track for its fifth week of gains and crude oil rebounded slightly on Friday ahead of closely watched U.S. payrolls data which is expected to give the Federal Reserve the green light to raise interest rates next week.

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G20 plan to stave off debt crises stalls as no country takes lead

G20 plan to stave off debt crises stalls as no country takes lead

Published 10/03/2017

File photo: Flags of G20 countries are seen outside the G20 venue before the start of the G20 Summit of major world economies in Cannes November 3, 2011. REUTERS/Dylan Martinez

Global efforts to create a market for growth-linked bonds that could help avert debt crises have stalled because none of the wealthy economies backing the drive are willing to take the lead and be the first to issue, sources told Reuters.

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Tesla`s Musk offers to fix South Australia`s power crisis in 100 days

Tesla`s Musk offers to fix South Australia`s power crisis in 100 days

Published 10/03/2017

FILE PHOTO: Tesla Chief Executive, Elon Musk enters the lobby of Trump Tower in Manhattan, New York, U.S., January 6, 2017. REUTERS/Shannon Stapleton/File Photo

Tesla Inc boss Elon Musk on Friday offered to save Australia's most renewable-energy dependent state from blackouts by installing $25 million worth of battery storage within 100 days, and offering it for free if he missed the target.

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Volkswagen, Tata Motors plan to cooperate in India

Volkswagen, Tata Motors plan to cooperate in India

Published 10/03/2017

FILE PHOTO: A Volkswagen logo is pictured at Volkswagen's headquarters in Wolfsburg, Germany, April 22, 2016. REUTERS/Hannibal Hanschke/File Photo

German carmaker Volkswagen (VOWG_p.DE) said on Friday it had signed a memorandum of understanding to explore a partnership with India's Tata Motors (TAMO.NS) to jointly develop auto components and vehicles for the Indian subcontinent and beyond.

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ECB says no longer sees deflation risk in euro zone

ECB says no longer sees deflation risk in euro zone

Published 09/03/2017

President of the European Central Bank (ECB) Mario Draghi arrives for a news conference after the bank's governing council meeting at the ECB headquarters in Frankfurt, Germany, March 9, 2017. REUTERS/Kai Pfaffenbach

The European Central Bank no longer sees a risk of deflation in the euro zone, ECB President Mario Draghi said on Thursday.

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ECB should further reduce bond purchases from April: Ifo head

Published 09/03/2017

The European Central Bank should roll back its monetary stimulus since inflation in the euro zone has reached its price stability objective, the head of Germany's Ifo economic institute said on Thursday as the central bank gathered for a policy meeting.

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China`s MOFCOM says opposes U.S. sanctions on its firms under U.S. laws

China`s MOFCOM says opposes U.S. sanctions on its firms under U.S. laws

Published 09/03/2017

The ZTE company logo is seen as a guest delivers a speech during the company's 15th anniversary celebration in Beijing April 18, 2013. REUTERS/Barry Huang

China's Ministry of Commerce (MOFCOM) said on Thursday it is opposed to the United States sanctioning Chinese firms under its domestic laws, and that it hoped that country would handle ZTE Corp's $892 million settlement case "appropriately".

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