For a Return to the ‘Old Normal,’ Real Rates Must Tick Higher

By Google News


For a Return to the ‘Old Normal,’ Real Rates Must Tick Higher

With inflation back around 2 percent in the U.S. and the Federal Reserve moving away from its years-long policy of monetary accommodation, something like economic normality is beginning to return.

Rate hikes: GCC braces for higher cost of funds and currency appreciation
GCC economies with pegged currencies are expected to face further rise in cost of funds and impact of currency appreciation starting the week ahead.

In Tucker, HSBC Gets Mr. Right

In selecting AIA Group Ltd.’s Chief Executive Officer Mark Tucker as its new chairman, HSBC Holdings Plc has gotten the right guy.

Intel to buy Mobileye for $63.54 per share in cash

Part of the Mobileye driving assist system is seen on the dashboard of a vehicle during a demonstration for the media in Jerusalem.

Carnival cruise ship comes within feet of jet skiers
PORT CANAVERAL. Florida – A couple of Florida jet skiers on spring break owe a debt of gratitude to a Port Canaveral harbor pilot and a Brevard County Sheriff Marine Unit deputy for averting a near-tragic situation late Saturday afternoon.

Oil touches three-month lows, as US supply swells

Fuel pump nozzles are pictured at a Helios petrol station in Almaty, Kazakhstan, June 10, 2016. REUTERS/Shamil Zhumatov. By Amanda Cooper | LONDON.

Why a House bill wants workers’ genetic information

Christian Science Monitor
The legislation, if enacted, would allow employers to offer thousands of dollars in savings to workers who submit to a genetic test.

2 corporate giants behind NYC’s ‘Fearless Girl’ statue

The Detroit News
New York — A bronze of a little girl defiantly facing Wall Street’s “Charging Bull” didn’t appear spontaneously in the middle of the night in Manhattan’s financial district.

Berlin airport strikes leads to 660 flights being canceled

FRANKFURT Strikes at Berlin’s two airports caused 660 flights to be canceled on Monday as part of an ongoing pay dispute with ground staff.

Euro firms to 1-month high after ECB rate hike talk, dollar drifts

U.S. dollar note and a Euro coin are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration.

UK’s Wood Group to buy rival Amec Foster in $2.7 billion deal

British oilfield services company John Wood Group has agreed to buy Amec Foster Wheeler in a deal valuing its smaller rival at about 2.2 billion pounds ($2.7 billion) and averting a planned 500 million pound rights issue.

Minneapolis liquor store opens Sunday ahead of new state law

Miami Herald
A Minneapolis liquor store has gotten a head start on opening for business on Sundays. Surdyk’s (SUR’-dikes), a longtime liquor and cheese store in northeast Minneapolis, opened for business Sunday, despite Minnesota’s new Sunday liquor sales law not …
Business Insider
Bitcoin is making a gigantic comeback. The cryptocurrency plunged more than 16% shortly after US markets closed on Friday, putting in a low of $978, following the US Securities and Exchange Commission’s ruling to reject Winklevoss twins’ exchange

Gander Mountain to close 32 stores

Tucson News Now
(RNN) – Gander Mountain will close 32 stores and has filed for Chapter 11 bankruptcy, it announced Friday. “Like many retailers, Gander Mountain experienced challenging traffic patterns and shifts in consumer demand resulting from increased …

Snap’s ‘Long-Term’ Investment Value & Share Structure Seriously Questioned

A week after Snap Inc., the parent of Snapchat, floated in New York some market pundits have suggested that the shares are a “bad long-term” investment.

Resisting the Allure of Gilead

Biotechnology stocks are worth celebrating once again—but Gilead Sciences has been shut out of the party. Email; Print; 0 Comments; Order Reprints.

Toshiba seeking to extend Tuesday deadline for third-quarter disclosure: sources

FILE PHOTO: The logo of Toshiba Corp. is seen at the company’s facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato/File Photo.

Wary of China, Duterte tells navy to build ‘structures’ east of Philippines

Philippine President Rodrigo Duterte speaks during a visit in Baguio city, Philippines March 11, 2017. REUTERS/Harley Palangchao. MANILA Philippine President Rodrigo Duterte has ordered the navy to put up “structures” to assert sovereignty over a

INSIDE WASHINGTON: Push to avert plane battery fires stalls
FILE – In this April 2014 file image frame grab from video, provided by the Federal Aviation Administration (FAA), a test at the FAAs technical center in Atlantic City, N.J.

BOJ March Plan Would Taper Bond Buying by 18% in Coming Year

The Bank of Japan’s bond-purchase plan for March puts policy makers on track to miss an annual target, leaving investors debating whether they’re witnessing a stealth tapering.

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