Philadelphia Federal Reserve Bank President Charles Plosser, the loan dissenter at the Fed’s July policy meeting, on Saturday continued his push for the U.S. central bank to change its language on monetary policy to reflect an improving economy and pave the way for a sooner-than-expected interest rate hike. Plosser, who is known for his longstanding… Continue reading VIDEO: Plosser, Fed’s Lone Dissenter, Warns Again On Risks Of Waiting To Hike Rates
Tag: business and industrial
VIDEO: Thai Nok Airlines Sees Lower Net Loss In Third Quarter, Aims For Profit In Fourth Quarter
Thailand’s second-largest budget carrier, Nok Airlines, said on Monday it expected its net loss in the third quarter will be lower than the second and aims to make profit in the fourth quarter due to rising passenger numbers. Chief executive Patee Sarasin told reporters, Nok Airlines’s average cabin factor, the percentage of seats sold, is… Continue reading VIDEO: Thai Nok Airlines Sees Lower Net Loss In Third Quarter, Aims For Profit In Fourth Quarter
VIDEO: Swatch Prefers Go-it-alone Route For Smartwatch Plans
Swatch Group is happy to go it alone with a launch next year of watches with “smart” features to compete with so-called wearable gadgets from the big tech companies, a market potentially worth $93 billion. The world’s biggest watchmaker, which sees the advent of smartwatches as an opportunity rather than a threat, will unveil its… Continue reading VIDEO: Swatch Prefers Go-it-alone Route For Smartwatch Plans
VIDEO: BP Says Whiting Refinery Still In Production After Fire
BP said its largest U.S. oil refinery in Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before that was expected to have a minimal impact on production. The company said one worker was taken to an area hospital for treatment, but was later released. BP said operations at the 413,500… Continue reading VIDEO: BP Says Whiting Refinery Still In Production After Fire
VIDEO: Fed In ‘real Debate’ On Rate Hike In Early To Mid-2015: Lockhart
Atlanta Fed President Dennis Lohckhar said the Federal Reserve is focused on an initial interest rate hike between the first quarter and the middle of next year, with possible changes in its main policy statement as soon as next month. Lockhart told Reuters, “It is reasonable with the improving data to begin to anticipate a… Continue reading VIDEO: Fed In ‘real Debate’ On Rate Hike In Early To Mid-2015: Lockhart
VIDEO: Insight: Brazil’s Slump Hits Job Market As Election Approaches
Many of Brazil’s biggest retailers, homebuilders and carmakers are cutting jobs as Latin America’s largest economy teeters on the edge of recession, a fresh blow to President Dilma Rousseff’s re-election bid. For years, low unemployment was key to Brazil’s emergence as an economic power and important gains in the fight against poverty. The unemployment rate… Continue reading VIDEO: Insight: Brazil’s Slump Hits Job Market As Election Approaches
VIDEO: In Riot-hit Ferguson, Traffic Fines Boost Tension And Budget
When calm and order is finally restored to Ferguson, Missouri, the city’s leaders may find little room to maneuver to resolve an issue that has long inflamed racial tensions: traffic tickets. On the surface it would seem an easy fix for the mainly white police force simply to adopt a less aggressive policy on traffic… Continue reading VIDEO: In Riot-hit Ferguson, Traffic Fines Boost Tension And Budget