Focus turns to U.S. data as China slowdown looms

NEW YORK - After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term U.S. interest rate hike and help tamp down the market's recent wild swings.

Recent Business News

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

- Warren Buffett's Berkshire Hathaway Inc disclosed a $4.48 billion stake in oil refiner Phillips 66 , rebuilding a bet it had made in the energy industry before oil prices fell.

29 Aug 2015

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, researchers said on Saturday.

29 Aug 2015

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 inflation to a benchmark interest rate.

29 Aug 2015

IMF's Lagarde says restructuring should suffice for Greek debt

ZURICH - A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt burden, the head of the International Monetary Fund was quoted as telling a Swiss newspaper.

Greece, IMF 29 Aug 2015

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

ZURICH - Syngenta AG may seek partners to help improve its product lineup after a thorough review in the wake of a rebuffed takeover approach from Monsanto Co , the agrichemicals group's chairman told a Swiss newspaper.

29 Aug 2015


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