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Gold jewellery

Slack China demand on lofty prices, calm in India ahead of festival

Gold buying in the world's top two gold consuming countries remained slow this week as premiums in China improved only slightly and those in India slipped as the global benchmark stabilised at $1,200 an ounce.

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Citigroup logo

Citi posts highest quarterly profit in eight years as costs plunge

Citigroup Inc (C.N) reported its highest quarterly profit in nearly eight years as costs plunged, showing that the bank's efforts to streamline its business may be starting to pay off.

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U.S. Federal Reserve

Fed officials lean all ways on rate hikes, data in focus

Federal Reserve officials on Thursday were again at public odds over when the U.S. central bank should start raising rates, underscoring the difficult task ahead for Fed Chair Janet Yellen as she tries to build consensus for a rate hike sometime later this year.

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Ben Bernanke

Bernanke to advise hedge fund Citadel: NYT

Ben Bernanke, former chairman of the U.S. Federal Reserve, has agreed to become a senior adviser to Citadel Investment Group, a $25 billion hedge fund founded by billionaire investor Kenneth Griffin, the New York Times reported on Thursday.

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Coal

Mining, utilities sink U.S. industrial production

U.S. industrial output posted its biggest drop in more than 2-1/2 years in March in part as oil and gas well drilling plummeted, highlighting the negative impact of lower crude prices and a strong dollar on the economy.

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Consumer

Retail sales rebound signals thaw in economic activity

Retail sales rose in March for the first time since November as consumers stepped up purchases of automobiles and other goods, suggesting a sharp slowdown in economic growth in the first quarter was temporary.

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US Federal Reserve

Do not take market-based views at face value: San Francisco Fed

Federal Reserve policymakers should not read too much into financial market prices to glean the views of investors on interest rates or inflation because prices are hard to decipher, according to research released Monday by the San Francisco Fed.

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Employees work at a factory in Japan

European factories buoyant but weak Asia adds to stimulus calls

Companies struggled in China and much of the rest of Asia in March, suggesting central banks may have to resort to more stimulus, just as factories in the euro zone begin to reap rewards from ultra-easy policy there.

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Frankfurt stock exchange

Solid start to second quarter for European stocks, dollar

European stock markets made solid starts to the second quarter on Wednesday as data pointing to a gradual recovery in the euro zone economy gave investors fresh impetus after their blowout first few months of the year.

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US Federal Reserve

Strong case for June rates liftoff, says Fed's Lacker

The Federal Reserve will have a "strong" case to hike U.S. interest rates in June, a hawkish Fed official said on Tuesday, dismissing recently weak economic data as transitory and perhaps due to unseasonable weather.

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James Bullard

Fed's Bullard: now may be good time to normalize U.S. monetary policy

Now may be a good time to start normalizing U.S. monetary policy, Federal Reserve policymaker James Bullard said on Thursday.

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US Flag

Atlanta Fed gauge shows U.S. GDP nearly flat in first quarter

A forecast model from the Federal Reserve of Atlanta on Wednesday suggested the U.S. economy is barely growing in the first quarter following an unexpectedly steep 1.4 percent drop in durable goods orders in February.

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London Stock Exchange

European shares dip but hold near highs after Ifo

European shares dipped on Wednesday but held near multi-year highs and the euro rose against the dollar after a survey showed the German business climate improving.

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Loretta Mester

Fed's Mester urges shift in forward guidance role

The forward guidance issued by the Federal Reserve should gradually evolve back to its "normal" role of communicating the thinking behind policy moves, Cleveland Fed President Loretta Mester told a bankers' conference in Paris on Monday.

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Wall Street

Wall Street stock futures rise after pullback

U.S. stock index futures climbed on Friday after a one-day pullback as investors were reassured by a reform pledge by Greece to its EU creditors that could help avert a cash crunch.

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