The Traderszone Network

China Merchants Securities plans to raise up to US$5 billion in a Hong Kong initial public offering in the fourth quarter, in what could be one of the year’s top listings globally.
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WASHINGTON/SAN FRANCISCO (Reuters) – The Federal Reserve says it will depend on straightforward data analysis in deciding when to raise U.S. interest rates. The BEA now says GDP shrank only 0.2 percent over the first three months of the year, not 0.7 percent. The revision may not change the Fed’s policy path, or greatly alter the economic outlook that central bankers just published last week but that’s only because the consensus about how to measure U.S. economic growth has begun to fracture.

WASHINGTON/SAN FRANCISCO (Reuters) – The Federal Reserve says it will depend on straightforward data analysis in deciding when to raise U.S. interest rates. The BEA now says GDP shrank only 0.2 percent over the first three months of the year, not 0.7 percent. The revision may not change the Fed’s policy path, or greatly alter the economic outlook that central bankers just published last week but that’s only because the consensus about how to measure U.S. economic growth has begun to fracture.

Asian shares edged down on Thursday and the dollar was treading water, with investors on ice ahead of a meeting of European Union leaders later in the session as Greece continued last-minute efforts to avert a default. Athens’ talks with creditors bogged down on details, with next week’s deadline to repay 1.6 billion euros ($1.79 billion)to the International Monetary Fund looming, and threatening to trigger Greece’s removal from the euro zone. MSCI’s broadest index of Asia-Pacific shares outside Japan was down about 0.3 percent.