Business

Fed minutes dampen expectations for faster rate hikes

Fed minutes dampen expectations for faster rate hikes

The result was a 500-point reversal in the Dow Jones Industrial Average from its high and an apparent failed test of the 50-day moving average that sets up a possible test of the panic lows seen earlier this month. "It may be appropriate later this year to begin an assessment of our current monetary policy framework and alternatives", Mester said in prepared remarks to a conference of central bankers and economists in NY.


Girl injured by support dog while boarding Southwest flight

Girl injured by support dog while boarding Southwest flight

That's when the dog bit the child, breaking the skin. Southwest said in a statement, "initial reports indicate a support dog's teeth scraped a child's forehead as the young passenger approached the animal, causing a minor injury". The incident has provoked a surprising reaction on Twitter, where some users are blaming the child and her parents for failing to act responsibly. Current airline policy says service and support animals must be trained to behave in public but doesn't require ...


Sensex Up Over 100 Points In Early Trade; Nifty Climbs Above 10400

Sensex Up Over 100 Points In Early Trade; Nifty Climbs Above 10400

St Louis Federal President James Bullard said policymakers need to be careful not to increase rates too quickly because that could slow the economy. Rising interest rates in the United States could tighten liquidity across the globe, thereby prompting foreign investors to pull money out of emerging markets such as India, dealers said.


BT sees negative hit from cuts to wholesale prices

BT sees negative hit from cuts to wholesale prices

It would also need to ensure there was space on its telegraph poles for extra fibre cables connecting homes to a competitor's network, as well as release a "digital map" of its duct and pole network, so competitors can plan where to lay fibre.


Juncker's 'monster' wins top European Union job

Juncker's 'monster' wins top European Union job

The Commission plans to utilise its existing tools, including detailed action plans, to help assess the reform implementation process and to deploy new advisory missions for areas that include issues concerning the rule of law , security and migration, socio-economic development and reconciliation.


IAG 2017 Profit Rises; Revenue Up 1.8%

IAG 2017 Profit Rises; Revenue Up 1.8%

Stockbroker Investec analyst Alex Paterson expects operating profit to rise 8.3% to €3.266m in 2018 and unit sales to increase 1%. International Consolidated Airlines reported a near 19% rise in full-year operating profit on Friday, thanks to lower non-fuel costs, and increased capacity, while its strong cash position prompted the announcement of a share buyback.