6 April, 2015 by The TZ Newswire Staff Comments Off on Fed watching recent U.S. weakness; rate-hike timing unclear: Dudley
Fed watching recent U.S. weakness; rate-hike timing unclear: Dudley
The timing of the Federal Reserve’s interest rate hike, which would be its first in nearly a decade, is unclear and for now policymakers must watch that the U.S. economy’s surprising recent weakness does not signal a more substantial slowdown, a top Fed official said on Monday. New York Fed President William Dudley’s comments were the latest sign that a string of disappointing economic data, including a sharp drop in jobs growth last month, is derailing a Fed plan to tighten monetary policy around mid-year after more than six years of rock-bottom rates.
6 April, 2015 by The TZ Newswire Staff Comments Off on Fed watching recent U.S. weakness; rate-hike timing unclear: Dudley
Fed watching recent U.S. weakness; rate-hike timing unclear: Dudley
The timing of the Federal Reserve’s interest rate hike, which would be its first in nearly a decade, is unclear and for now policymakers must watch that the U.S. economy’s surprising recent weakness does not signal a more substantial slowdown, a top Fed official said on Monday. New York Fed President William Dudley’s comments were the latest sign that a string of disappointing economic data, including a sharp drop in jobs growth last month, is derailing a Fed plan to tighten monetary policy around mid-year after more than six years of rock-bottom rates.
6 April, 2015 by The TZ Newswire Staff Comments Off on Cuba says U.S. companies won’t get preferential treatment
Cuba says U.S. companies won’t get preferential treatment
U.S. companies can expect the same treatment as those from the rest of the world, receiving neither special benefits nor punishment, if there is a further commercial opening between Cuba and the United States, Cuba’s foreign trade minister said. “U.S. business people will enjoy the same treatment that is offered to the rest of the world that has ties with the island today,” Rodrigo Malmierca, the minister of foreign trade and investment, said in an interview published in official Cuban media on Monday.
6 April, 2015 by The TZ Newswire Staff Comments Off on Cuba says U.S. companies won’t get preferential treatment
Cuba says U.S. companies won’t get preferential treatment
U.S. companies can expect the same treatment as those from the rest of the world, receiving neither special benefits nor punishment, if there is a further commercial opening between Cuba and the United States, Cuba’s foreign trade minister said. “U.S. business people will enjoy the same treatment that is offered to the rest of the world that has ties with the island today,” Rodrigo Malmierca, the minister of foreign trade and investment, said in an interview published in official Cuban media on Monday.
6 April, 2015 by The TZ Newswire Staff Comments Off on Venture-backed U.S. IPOs hit lowest levels in two years
Venture-backed U.S. IPOs hit lowest levels in two years
About 17 venture-backed companies raised $1.43 billion in the three months ended March, compared with 37 that raised $3.40 billion in the same period a year earlier, according to the report. The last time the number fell below 20 was in the first quarter of 2013, when eight venture-backed companies raised $716.9 million. It began trading on the New York Stock Exchange on Jan. 22.
6 April, 2015 by The TZ Newswire Staff Comments Off on Venture-backed U.S. IPOs hit lowest levels in two years
Venture-backed U.S. IPOs hit lowest levels in two years
About 17 venture-backed companies raised $1.43 billion in the three months ended March, compared with 37 that raised $3.40 billion in the same period a year earlier, according to the report. The last time the number fell below 20 was in the first quarter of 2013, when eight venture-backed companies raised $716.9 million. It began trading on the New York Stock Exchange on Jan. 22.
6 April, 2015 by The TZ Newswire Staff Comments Off on U.S. service sector growth slips in March: ISM survey
U.S. service sector growth slips in March: ISM survey
The Institute for Supply Management said its services index fell to 56.5 last month from 56.9 in February. The reading was in line with economists’ forecasts, according to a Reuters survey.