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BOJ change Economy policy Polling Top News 

BOJ likely to push back timeframe for inflation target again: Reuters poll

July 18, 2017 By Kaori Kaneko TOKYO (Reuters) – Faced with still-sluggish inflation even as the economy picks up steam, the Bank of Japan will delay again its projected timing for achieving the 2 percent inflation target, according to a majority of economists polled by Reuters. Inflation will accelerate gradually toward 1 percent later this year, say analysts, but it will still fall short of that both in this fiscal year and next, the poll predicted. In May, core consumer prices rose just 0.4 percent on a year ago. “Wages…

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change FCC Tech Top News U.S. vote 

FCC approves new spectrum for vehicle radar systems

July 13, 2017 By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Communications Commission on Thursday approved allocating a larger consolidated block of spectrum for use by motor vehicle and aircraft radar systems to help avoid crashes. The FCC first approved 1 GHz of spectrum in 1995 for motor vehicles to use radar that allowed for the introduction of collision avoidance and adaptive cruise control systems that are credited with preventing tens of thousands of crashes annually. Thursday’s decision expands the band that vehicle radars can operate to 5 GHz…

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Business change Lower Saxony New Delhi VW 

After dieselgate, Volkswagen loosens reins on empire

July 12, 2017 By Andreas Cremer WOLFSBURG, Germany (Reuters) – When Volkswagen boss Matthias Mueller vowed to reform the carmaker after its emissions scandal, decentralizing power from its Wolfsburg headquarters in Germany was a top priority. That commitment is now being put to the test in one of the company’s most important international projects: building a low-cost car for India. Mueller said in March he was giving the job to the group’s Czech brand Skoda, which is now leading partnership talks with India’s Tata Motors . Skoda has been authorized…

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California change Danny Murphy Money spending Top News 

Your Money: Will a countdown clock to retirement help you save?

July 11, 2017 By Beth Pinsker NEW YORK (Reuters) – If you knew that buying a daily $4 cup of coffee would delay your retirement and make you work exactly four months, 17 days and 9 hours longer, would that finally entice you to skip it? Visualizing the time left until retirement and seeing how certain spending habits affect your goal are the purpose of the new Pretirement app. http://pretirement.amokrunner.com “When we are saving money, it’s not obvious that you can’t buy something,” said Danny Murphy, the app’s designer. Pretirement…

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change ECB Economy policy spending Top News 

Reviving euro zone inflation still long way off: ECB’s Praet

July 8, 2017 FRANKFURT (Reuters) – The euro zone economy still needs a long period of easy monetary policy and a shift in message that induced a market selloff last week was merely a nuanced change to reflect better growth, European Central Bank chief economist Peter Praet said. The ECB still needs to be patient and persistent with stimulus as inflation is a “long way” from getting back to the ECB’s 2 percent target, Praet told Belgian newspaper De Standaard, likely hoping to temper expectations of an imminent policy shift….

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change Economy government rates Top News U.S. 

Years into recovery and with full employment, U.S. wages still lag

July 7, 2017 By Ann Saphir SAN FRANCISCO (Reuters) – The U.S. economy is now a decade on from the start of the global financial crisis and at what most economists view as full employment, yet when it comes to wage rises, the answer seems to be forget about it. Government data on Friday showed that average hourly earnings in June rose just 2.5 percent on the year and have slowed in the past two quarters rather than accelerating even as workers become scarce due to continued economic strength. The…

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change Economy indonesia network Tanjung Priok Top News 

Touted sea change in Indonesia shipping network may hit choppy waters

June 23, 2017 By Eveline Danubrata and Cindy Silviana JAKARTA (Reuters) – With its towering new cranes and wharves that can handle some of the world’s biggest ships, Indonesia’s main international port has been shaking off its reputation for inefficiency and congestion with a $2.5 billion upgrade. But the revamp is just the first step in an ambitious drive to overhaul shipping in the country, with experts warning that a scheme to dot the sprawling archipelago with a string of new harbors over the next few years could be heading…

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bank change energy Tech Top News Wall Street 

Low U.S. inflation? It’s your phone: BlackRock bond manager

June 21, 2017 NEW YORK (Reuters) – Americans’ love of their smartphones and apps may be contributing to the sluggish pace of inflation that is worrying Wall Street and the Federal Reserve, a top bond manager at BlackRock, the world’s biggest asset manager, said on Wednesday. Consumers are relying less and less on devices such as cameras, radios and televisions, and services such as taxis and stores, replacing them with programs in their iPhones and other high-end phones, according to Rick Rieder, BlackRock’s chief investment officer of global fixed income….

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Amazon Worldwide Consumer Business change Roger Davidson Whole Foods Market 

Whole Foods CEO hints at another brand under Amazon

June 20, 2017 By Jeffrey Dastin and Lisa Baertlein (Reuters) – After Amazon.com Inc completes its takeover of high-end grocer Whole Foods Market Inc , it might launch another brand with different standards, the grocery chain’s chief executive said in remarks reported in a securities filing on Monday. Amazon plans to keep the natural grocer’s high standards, Whole Foods Chief Executive John Mackey said, adding, “They’re not stupid enough to go change that.” The filing contained a transcript of a town hall meeting for Whole Foods employees. But Mackey, at the Friday town hall, said, “Over time,…

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Although Wall Street bank Business change results 

U.S. bank investors hope Fed stress test results lead to big payouts

June 19, 2017 By Pete Schroeder and David Henry (Reuters) – Investors are hoping the Federal Reserve will allow big U.S. banks to put an estimated $150 billion in idle capital toward stock buybacks, dividends and profit-boosting investments in the coming weeks after conducting a regular examination of financial strength. On Thursday, the Fed is scheduled to begin releasing results from its two-part annual stress test, which was adopted in response to the financial crisis, to gauge banks’ ability to weather an economic storm that could threaten the stability of…

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