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Headlines
Saturday, 24 February
With rates low, Fed officials fret over next U.S. recession
4h ago - NEW YORK/LOS ANGELES (Reuters) - Federal Reserve policymakers are fretting that they could face the next U.S. recession with an arsenal of policies little different from that used in the last downturn but robbed of much of their punch because interest rates are still low.
Apple moves to store iCloud keys in China, raising human rights fears
43m ago - SAN FRANCISCO/BEIJING (Reuters) - When Apple Inc begins hosting Chinese users' iCloud accounts in a new Chinese data centre at the end of this month to comply with new laws there, Chinese authorities will have far easier access to text messages, email and other data stored in the cloud.
Numbers starting to add up for Tesla trucks: DHL executive
2h ago - (Reuters) - The numbers behind Tesla Inc's long-distance Semi electric trucks are close to making sense for haulers looking at a shift away from diesel that may save them tens of thousands of dollars a year, according to an executive with DHL.
GE says it may face U.S. action over subprime mortgage operations
5h ago - NEW YORK (Reuters) - General Electric Co (>> General Electric Company) faces potential legal action by the U.S. Department of Justice over allegations that its GE Capital unit and now-defunct WMC Mortgage Corp unit violated U.S. law in connection with subprime mortgages, according to a regulatory filing on Friday.
In shift, Germany now eyes limited bans on diesel cars - report
7h ago - BERLIN (Reuters) - The German government, which has steadfastly opposed bans on heavily-polluting diesel cars in cities, now plans legal changes that would allow driving bans on certain routes on an emergency basis, the Rheinische Post newspaper reported on Saturday.
ECB pulls the plug on Latvia's failing ABLV Bank
4h ago - FRANKFURT/RIGA (Reuters) - Latvian lender ABLV Bank is failing or likely to fail and will be wound up as saving it is not in the public interest, the European Union's Single Resolution Board and the European Central Bank said separately on Saturday.
Chairman of China's Geely Has 9.7% Stake in Daimler -- 3rd Update
5h ago - By William Boston and Robert Wall BERLIN -- The billionaire chairman of Chinese car maker Zhejiang Geely Holding Group Co. has accumulated a...
Fed's Williams sees three to four rate hikes in 2018
4h ago - LOS ANGELES (Reuters) - The Federal Reserve should raise U.S. interest rates three or four times this year, John Williams, president of the San Francisco Federal Reserve Bank, said on Friday, adding that the next rate hike should take place in "the near future."
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