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Fed's 'Great Unwinding' lifts dollar, yields and bank stocks

LONDON Signals the Federal Reserve will hike U.S. interest rates again this year and begin the 'Great Unwinding' of a decade of aggressive stimulus, drove the dollar to a two-month high versus the yen on Thursday and sent bonds and commodities lower.

Recent Business News

What is at stake for Uber in U.S. bribery probe?

SAN FRANCISCO A U.S. bribery investigation at ride-hailing company Uber Technologies Inc [UBER.UL] will likely go on for a year or more and could lead to snowballing legal and compliance costs if lawyers find systemic problems.

Toys 'R' Us plans holiday hires including toy demonstrators

Toys "R" Us Inc, the U.S. toy retailer that filed for bankruptcy protection this week, said on Thursday it is hiring part-time seasonal workers to staff its stores for the holidays, including for a new position of toy demonstrator.

6:01am EDT

Carlyle targets first-close of new Asia buyout fund at over $4 billion: sources

HONG KONG Carlyle Group is targeting the first closing of a new Asia buyout fund within the next couple of months at over $4 billion, three people familiar with the matter said, bulking up in a region that has become a key market for global funds.

6:47am EDT

ECB may ask fintech banks to hold bigger buffers

FRANKFURT High-tech banks looking to enter the fintech zone may be asked to hold bigger liquidity and capital buffers due to the unique nature of their risks, the European Central Bank said in draft licensing guidelines on Thursday.

6:49am EDT

Volvo rolls out compact SUV in latest upmarket shift under Geely

MILAN Volvo Cars showed off its first compact SUV on Thursday with the launch of its new XC40 model, the latest in a sweeping overhaul of the carmaker's line-up under Chinese ownership.

5:33am EDT


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