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Business conference Jason Lange London 

Fed says Yellen was hospitalized for a few days, returning to work this week

July 3, 2017 WASHINGTON (Reuters) – Federal Reserve Chair Janet Yellen was hospitalized over the weekend to treat a urinary tract infection while she was vacationing with her family in London, the Fed said in a statement on Monday. “She was admitted Friday and released Monday,” the Fed said. “She is returning to Washington, D.C., and expects to resume her schedule as planned this week.” It was unclear how serious Yellen’s condition was. Yellen, who is 70 years old and the most powerful figure in world finance, had a health…

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bank Business conference rates United States 

Fed policymakers in tug-of-war on inflation, instability

June 20, 2017 By Ann Saphir and Lindsay Dunsmuir SAN FRANCISCO/WASHINGTON (Reuters) – The outlook for inflation and the future of financial stability are emerging as dueling concerns at the heart of a debate at the U.S. central bank over how fast to proceed on future interest-rate hikes. That is a change from years past, where high unemployment was at the top of the Federal Reserve’s worry list for the U.S. economy. But with the U.S. unemployment rate now at 4.3 percent, most Fed officials are now convinced that nearly…

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Fed set to raise interest rates, give more detail on balance sheet winddown

June 13, 2017 By Lindsay Dunsmuir WASHINGTON (Reuters) – The U.S. Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labor market and may also provide more detail on its plans to shrink the mammoth bond portfolio it amassed to nurse the economic recovery. The central bank is scheduled to release its decision at 2 p.m EDT (1800 GMT) on Wednesday at the conclusion of its two-day policy meeting. Fed Chair Janet Yellen is due to hold a press conference at 2:30…

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China conference Tech Top News 

Alibaba CFO says expects revenue growth of 45-49 percent in FY2018

June 8, 2017 BEIJING (Reuters) – Alibaba Group Holding Ltd expects revenue growth of 45-49 percent in the 2018 fiscal year, said Chief Financial Officer Maggie Wu on Thursday during an investor conference in Hangzhou, China. That figure compared with 56 percent revenue growth posted for the 2017 fiscal year ended March 31. At the same event last year, the firm predicted 48 percent revenue growth. Alibaba last month said it beat first-quarter revenue targets, but fell short of earnings estimates citing changes in local tax rates. It also announced…

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Apple debuts HomePod speaker to bring Siri into the living room

June 5, 2017 By Stephen Nellis SAN JOSE, Calif. (Reuters) – Apple Inc on Monday introduced the HomePod speaker to compete with Inc’s Alexa assistant and Echo devices for users who prefer voice-operated systems for shopping, planning and other tasks. The hardware debut, a rarity at the annual developers conference that traditionally features software and only minor hardware updates, came as analysts and investors watch for signs of the world’s largest publicly traded company’s next blockbuster product a decade after the introduction of the iPhone. Apple’s voice-controlled Siri assistant…

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Fresh safety concerns hang over global airlines conference

June 5, 2017 By Tim Hepher and Victoria Bryan CANCUN, Mexico (Reuters) – A deadly attack in London and debate over travel restrictions in the United States put safety concerns high on the agenda as global airline executives gathered on Sunday for the industry’s largest meeting of the year. Alexandre de Juniac, director general of the International Air Transport Association (IATA), said the weekend’s violence in London could discourage potential visitors as similar attacks did in Europe last year. “In previous events, in Brussels or in Paris, the traffic has…

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Linde shares seen up after boards agree Praxair merger

June 2, 2017 WUERZBURG, Germany (Reuters) – Shares in Germany’s Linde looked set to top the blue-chip DAX index on Friday after the company’s boards agreed a $73 billion merger with U.S. peer Praxair to create the world’s biggest industrial gases group. After a failed attempt at a tie-up last year that led to the departure of Linde’s two top executives, Chairman Wolfgang Reitzle managed to stop labor representatives from blocking the deal in a marathon supervisory board meeting on Thursday. Shares in Linde were indicated to open 1.4 percent…

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U.S. Federal Home Loan Banks rely less on short-term debt: FHFA’s Watt

May 23, 2017 (Reuters) – The U.S. Federal Home Loan Bank system has made progress in depending less on short-term debt to fund its longer-term assets through the sale of longer-dated bonds, Federal Housing Finance Agency Director Melvin Watt said on Tuesday. The regulator of the FHLBank system, as well as sibling mortgage finance agencies Fannie Mae and Freddie Mac, has sought to address concerns the 11 regional FHLBanks would be vulnerable if investor demand for their short-term debt were to dry up. “A year later, we have seen some…

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China’s Huawei enters PC market to take on Lenovo, HP, Dell

May 23, 2017 By Eric Auchard FRANKFURT (Reuters) – Chinese telecoms giant Huawei [HWT.UL] plans a global expansion into computers, it said on Tuesday, posing a fresh challenge to established PC players in a market that has suffered two years of falling sales volumes and pressure on margins. At a news conference in Berlin, the Shenzhen-based company introduced its first line-up of three personal computer models, including a 15.6-inch screen notebook, a 2-in-1 tablet and notebook hybrid and an ultra slim, metallic 13-inch notebook. Initially, Huawei plans to target the…

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Nicole Kidman tells Cannes her rebel spirit pushes her to strange films

May 22, 2017 By Robin Pomeroy CANNES, France (Reuters) – For an A-list star who, as she says herself, does not have to work, Nicole Kidman has been pretty busy ahead of Cannes, appearing in three movies and a TV series screening at the film festival. “I don’t have to work. I work because it’s still my passion, it’s the way in which I express myself,” she told a news conference after the screening of “The Killing of a Sacred Deer”, one of two Kidman movies competing for the Palme…

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