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‘Good reason to believe’ inflation will rise: Fed’s Fischer

JACKSON HOLE, Wyo. U.S. inflation will likely rebound as pressure from the dollar and other factors fade, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday. The influential U.S. central banker was … Continue reading

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Fed’s Fischer sees inflation rebound, allowing gradual rate hikes

JACKSON HOLE, Wyo. U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a … Continue reading

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Tycoon to the rescue as cheaper China floods Vietnam’s economy

HANOI Soldier-turned-tycoon Nguyen Huu Duong is a fierce patriot still fighting to protect his country, four decades after battling American forces in the Vietnam War. The construction mogul has amassed a war chest of tens of millions of dollars to … Continue reading

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Syngenta may seek partners, JVs after product review: chairman in paper

ZURICH Syngenta AG (SYNN.VX) may seek partners to help improve its product lineup after a thorough review in the wake of a rebuffed takeover approach from Monsanto Co (MON.N), the agrichemicals group’s chairman told a Swiss newspaper. Syngenta’s board is … Continue reading

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Yellen ally pours cold water on rule-based monetary policy

JACKSON HOLE, Wyo. For much of her tenure as head of the Federal Reserve, Janet Yellen has been pressured by Republican lawmakers who want the U.S. central bank to adopt a monetary policy rule, a straightforward formula connecting unemployment and … Continue reading

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Raising inflation target won’t help much now: researchers

JACKSON HOLE, Wyo. The Federal Reserve could have cut short the Great Recession by a year if it had set a 4 percent inflation target in 1984, but raising the target now would probably do little to help the economy, … Continue reading

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Buffett’s Berkshire takes $4.48 billion stake in Phillips 66

Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) disclosed a $4.48 billion stake in oil refiner Phillips 66 (PSX.N), rebuilding a bet it had made in the energy industry before oil prices fell. The 57.98 million-share, or roughly 10.8 percent, stake was … Continue reading

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Fed says rate hike next month hinges on market volatility

JACKSON HOLE, Wyo. The Federal Reserve on Friday left the door open to a September interest rate hike even while several U.S. central bank officials acknowledged that turmoil in financial markets, if prolonged, could delay the first policy tightening in … Continue reading

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Unions set sights on e-commerce and manufacturing firms after NLRB ruling

U.S. union leaders said on Friday that a landmark U.S. labor board ruling on companies’ obligations toward contract and franchise workers would help them organize manufacturers and e-commerce companies as well as fast food chains. On Thursday the National Labor … Continue reading

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Exclusive: Carlyle looks to sell Landmark Aviation for $1.7 billion

Private equity firm Carlyle Group LP (CG.O) has been exploring a sale of aircraft leasing and maintenance company Landmark Aviation for as much as $1.7 billion, including debt, people familiar with the matter said on Friday. The business jet market … Continue reading

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