Fed mulls policy exit, eyes end of asset purchases

WASHINGTON - The Federal Reserve has begun detailing how it plans to ease the U.S. economy out of an era of loose monetary policy, indicating it will end its asset purchases in October and appearing near agreement on a plan to manage interest rates in the future, according to minutes of the last Fed policy meeting. | Video

Recent Business News

Argentina and holdout creditors flood papers in ad war

NEW YORK - The battleground between Argentina and its holdout creditors shifted from U.S. courts to the court of public opinion as both sides took out full-page advertisements to argue their cases in the world's major newspapers.

Exclusive: ECB keeps banks on tight leash with October test results - sources

FRANKFURT - The European Central Bank aims to keep banks on a tight leash in the final phase of a balance sheet health check in October, giving them just 48 hours to review the test results before publishing them, two persons familiar with the matter told Reuters on Wednesday.

4:13pm EDT

Holder won't meet with BofA CEO as mortgage talks stall: sources

NEW YORK/WASHINGTON - Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its units remain at a standstill, according to people familiar with the matter.

4:59pm EDT

America Movil aims to sell assets as quickly as possible

MEXICO CITY - Mexican telecoms company America Movil plans to divest assets as quickly as possible to escape tougher regulation, and it hopes to sell to a single buyer, spokesman Arturo Elias said on Wednesday.

Tech, Media, Mexico 7:00pm EDT

American Apparel strikes deal with largest shareholders

- Struggling apparel and accessories retailer American Apparel Inc said on Wednesday it has reached a deal with hedge fund Standard General LP and founder Dov Charney to remake its board and bolster its finances.

7:34pm EDT


  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary

Trending Tickers