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News & Updates
September 25, 2015 Fed still on track for rate hike this year, Yellen saysSource: Reuters
Federal Reserve Chair Janet Yellen said on Thursday she expects the U.S. central bank to begin raising interest rates later this year as long as inflation remains stable and the U.S. economy is strong enough to boost employment.
September 25, 2015 How the world's big pension funds view China
Yahoo Finance - "China is absolutely critical in anyone's portfolio," Adrian Orr, chief executive of the î??New Zealand Superannuation Fundî??, a pension fund with around $29.5 billion in assets, told the Milken...
September 24, 2015 Dealers, Customers Left in Lurch by Volkswagen ScandalSource: NBC News
Some Volkswagen diesel enthusiasts were left wondering whether whatever fixes the company proposes could cause the vehicles to lose performance, and that the scandal could tank cars' resale value.
September 24, 2015 Oil Rebounds as U.S. Inventory Decline Counters Easing DemandSource: Bloomberg
Oil rebounded in New York from its biggest drop in three days as a decline in U.S. crude inventories tempered signs that refinery maintenance is crimping demand
September 24, 2015 Volkswagen's stock drops 29.4% in 2 days following emissions controversy
Pensions & Investments Qatar Investment Authority Doha, which controls more than $100 billion of assets and is the biggest holder of VW's preferred shares and the third-largest owner of its ordinary stock, stands to see 3.8...
September 23, 2015 Tsipras to back Greek bailout with Tsakalotos as finance ministerSource: Reuters
Greek Prime Minister Alexis Tsipras appointed two respected bailout negotiators to head his economic team on Tuesday, moving to assure wary European partners that the new government will not backtrack on its cash-for-reform deal
September 23, 2015 China factory slump casts pall but Europe pierces gloomSource: Reuters
Global shares fell on Wednesday after figures showing the biggest contraction in China's manufacturing sector since the global financial crisis intensified fears that a slowdown in the world's second-largest economy will spread...
September 23, 2015 Goldman Chief Lloyd Blankfein Discloses 'Highly Curable' CancerSource: Forbes
In a memo sent to employees and filed on the SEC’s website, Goldman Sachs chairman and CEO Lloyd Blankfein revealed Tuesday morning that he has a “highly curable” form of lymphoma.
September 22, 2015 New accounting rules to challenge banking industry: ECB's NouySource: Reuters
The introduction of a new accounting standard for financial instruments will be challenging for the banking industry, especially when it comes to modeling for expected losses, the European Central Bank's supervisory chief said on...
September 22, 2015 Volkswagen emissions-cheating probe spreads to AsiaSource: Reuters
The scandal engulfing Volkswagen AG, which has admitted cheating diesel vehicle emissions tests in the United States, spread east on Tuesday as South Korea said it would investigate three of the maker's diesel models.
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