Source Match Wholesale Industry News
By Philip Blenkinsop BRUSSELS (Reuters) - The Federal Reserve's upgraded view that growth in the world's biggest economy is "solid", and so capable of withstanding an interest rate rise this year, will be put to the test by U.S. jobs data this week. The Federal Reserve last week lifted its assessment of the U.S. expansion to "solid" from "moderate", with jobs growth now seen as "strong". "Interest rates then were 6 percent. In an encouraging sign, the more widely respected Employment Cost Index, released on Friday, showed labour costs increased by 2.2 percent in the 12 months through December, although still below the 3 percent economists say is needed to bring inflation close to the Fed's 2 percent target.
Elon Musk's Space X released a new video this week demonstrating just what it plans to do with its upcoming Falcon Heavy rocket, which is set to launch for the first time later this year. When it flies later this year, the Falcon Heavy will be the world's most powerful rocket. Only the Saturn V rocket, which was retired in 1973 after sending Apollo missions to the moon, was more powerful. Landing the first stage rockets of the Falcon Heavy will require not just one landing, but three — one for each rocket booster.
By Koh Gui Qing BEIJING (Reuters) - China's factory sector unexpectedly shrank for the first time in nearly 2-1/2 years in January and firms see more gloom ahead, an official survey showed, raising expectations that policymakers will take more action to forestall a sharper slowdown. The official Purchasing Managers' Index (PMI) fell to 49.8 in January, the National Bureau of Statistics said on Sunday, a low last seen in September 2012 and a whisker below the 50-point level that separates growth from contraction on a monthly basis. Most of the PMI indexes "showed a downward trend, indicating that current economic growth is still in a downtrend," said Zhang Liqun, an economist at the Development Research Center, a state think-tank. Some economists said the January reading was especially downbeat as it suggested that factories did not enjoy a usual spike in business before China's annual Spring Festival holiday, which falls in mid-February this year.
The auto industry's air bag troubles deepened on Saturday as U.S. federal safety regulators said three big automakers will recall about 2.1 million older vehicles to fix defects that could cause air bags to deploy when they are not supposed to. The vehicles involved in the recall announced by the U.S. National Highway Traffic Safety Administration are made by Toyota Motor Corp, Fiat Chrysler Automobiles NV and Honda Motor Co. There have been about 400 reported cases of inadvertent air bag deployments in the recalled vehicles, NHTSA Administrator Mark Rosekind said. The recall concerned a defective chip in air bag systems and the fix involved replacing the entire air bag module, including circuits manufactured by parts maker TRW Automotive Holdings, Rosekind said.
At some point on Sunday, if you’re watching the Super Bowl, you’ll hear a familiar sound. Not the sound of a referee making a bad call, or the sound of an abandoned hot dog falling to the floor,or the sound ofhalf-drunk fans growling at other half-drunk fans. No, I'm talking about the sound of jock jams; the only sound capable of satisfying an entire stadium of aggressively competitive people with a lot of money. There's "Tootsie Roll," "Pump Up The Jam," "It Takes Two." Even if you haven't listened to those songs in years, I bet you can hear them in your head right now if you try.
Everyone's favorite cartoon band is getting back together. Gorillaz co-founder Jamie Hewlett excited fans on Thursday when he posted new artwork of band members Murdoc and Noodle on Instagram. There has yet to be an official announcement, but it's expected that the band — together with Gorillaz co-creator Damon Albarn — will release a new album sometime this year. In the past couple of years, Albarn has hinted in interviews that the two could reunite Gorillaz, and with the new artwork from Hewlett, it's safe to say that the two have settled their differences.
By Paul Carrel and Jussi Rosendahl BERLIN/HELSINKI (Reuters) - German Chancellor Angela Merkel ruled out a debt writedown for Greece on Saturday, and a European Central Bank policymaker threatened to cut off funding to Greek banks if Athens does not agree to renew its bailout package. The euro zone's paymaster and the ECB are both taking a tough line with Greece's new leftist government, whose leader swept to victory last Sunday promising that five years of austerity, "humiliation and suffering" were over. Alexis Tsipras has also promised to renegotiate agreements with the European Commission, ECB and International Monetary Fund "troika" and write off much of Greece's 320 billion euro ($360 billion) debt, which at more than 175 percent of gross domestic product is the world's second-highest after Japan.
By James Mackenzie and Renee Maltezou ATHENS (Reuters) - New Greek Prime Minister Alexis Tsipras, striking a conciliatory note on debt talks after a turbulent start to office, has called the European Central Bank chief to assure him that Athens was seeking an agreement. The new government in Athens made clear from its first day in power that it would not back down on its election pledges to abandon the austerity policies imposed under the bailout agreement sealed by the last government.
The state of Ohio has postponed all of its scheduled its seven 2015 executions as it works to find adequate supplies of the right drugs to put prisoners to death. With the delay, the state now has time to revisit its execution policy and, more pressingly, find the drugs needed to execute inmates. The Supreme Court has ordered Oklahoma to delay its executions while it reviews the state's policies to determine if it is indeed qualifies as cruel and unusual punishment under the constitution.
By Maria Kiselyova MOSCOW (Reuters) - McDonald's Corp. will open fewer new restaurants in Russia this year than last because a fall in the rouble has increased expansion costs and is hurting consumers, its Russian chief executive Khamzat Khasbulatov told Reuters. The rouble, hit by a drop in oil prices and Western sanctions over Ukraine, has fallen more than 50 percent since early 2014, fuelling inflation. Russia now faces its first recession since 2009. McDonald's will open at least 50 new restaurants in Russia compared to 73 last year, having earmarked 6 billion rubles ($87 million) for capital expenditures, the same amount as in 2014, Khasbulatov said in an interview.
By Jonathan Stempel NEW YORK (Reuters) - JPMorgan Chase & Co, the largest U.S. bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market. Made public on Friday night, the settlement is the first in the nationwide litigation and resolved claims over JPMorgan's role in alleged collusion among banks since January 2003 to manipulate the WM/Reuters Closing Spot Rates, known as the Fix. ...
Ever wanted to get access to your spouse’s Facebook account without them knowing? Are you looking to order some shady products from the “deep web?” Interested in clearing your record, or improving your grades? There’s a hacker for that, or at least a site where you can list such requests and appropriate rewards, hoping that hackers will be interested in helping out. FROM EARLIER: How to hire a hacker Needless to say that such activities aren’t necessarily ethical and/or moral, but Hacker’s List is filled with various requests for hacker services, and the service became more appealing to regular Internet users, Ars Technica reports, after being profiled in The New York Times a few days ago. In what follows, you can
A phoenix has replaced the iconic pirate ship atop The Pirate Bay today, celebrating the site's rise from the ashes. The torrent site's servers were raided by Swedish police forces over seven weeks ago, and has been offline ever since. The site and its founders have been relentlessly persecuted by authorities, with many of its original creators either behind bars or separated from the torrent site.
A U.S. Treasury official and a director at the New York Federal Reserve are among those who have been considered to replace two hawkish Fed policymakers, according to people familiar with the searches. Final decisions are not imminent in the efforts to find successors to Philadelphia Fed President Charles Plosser, who steps down March 1, and Richard Fisher of the Dallas Fed, who retires on March 19. Matthew Rutherford, whose stint as Treasury's top domestic finance official ended on Friday, was under consideration at least in early stages of the searches, according to three sources. James McAndrews, who heads up research at the neighboring New York Fed, was considered for the job in Philadelphia, where he once worked.
German carmaker BMW and car supplier Bosch [ROBG.UL] said on Saturday they would join Deutsche Bahn [DBN.UL] in two claims for about 2.1 billion euros ($2.4 billion) in damages from air freight carriers who were involved in a cartel. The air cargo cartel, which included Europe's biggest airline Lufthansa and British Airways, was first discovered seven years ago and triggered fines in the European Union and in the United States. Confirming a report in German magazine WirtschaftsWoche, spokespeople for BMW and Bosch said the companies had joined the lawsuits, announced by Deutsche Bahn in December.
The week's big news sent to Sundance and into space on NASA's nickel — and we'll certainly be catching you up on anything you might've missed — but we'll also be setting you up for a stellar weekend back on this terrestrial plane. Tonight, NYC's Beacon Theater plays host to Video Games Live, an annual event that features professional orchestras and choirs playing classic themes from classic video games, including the likes of The Legend of Zelda and Halo. Comcast is having a hard time finding support for its merger with Time Warner Cable, but it's happy to help out anyone who'll lend their name. We discovered that some of the political world's most glowing endorsements were actually written by Comcast itself.