DIARY-Top Economic Events to Feb 27 BRUSSELS- European Central Bank President Mario Draghi speaks at the European Parliament- 1400 GMT. TUESDAY, FEBRUARY 16 WASHINGTON- Minneapolis Federal Reserve Bank President Kashkari speaks at Brookings Institution- 1530 GMT. NEWARK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the 2016 Economic...
UPDATE 1-Facebook India MD Kirthiga Reddy stepping down Feb 12- Facebook Inc's India managing director, Kirthiga Reddy, said on Friday she is stepping down and returning to the United States to "explore new opportunities" at the company's headquarters in Menlo Park, California. Reddy, who joined Facebook in 2010 as its first employee in India, said in a Facebook post she would be relocating in the next 6-12 months.
The play on Japan's plunge Will the Japanese banks be hurt if the interest rates continue to go negative? Russ Koesterich, BlackRock, thinks the Japan market is arguably oversold right now.
UPDATE 1-U.S. Congress passes tougher North Korea sanctions, sends bill to Obama WASHINGTON, Feb 12- The U.S. House of Representatives overwhelmingly passed legislation on Friday broadening sanctions to punish North Korea for its nuclear program, human rights record and cyber crimes, and sent the measure to President Barack Obama to sign into law. Lawmakers said they wanted to make Washington's resolve clear to Pyongyang, but also to the...
| By: Patricia Zengerle
Facebook India MD Kirthiga Reddy resigns Feb 12- Facebook Inc's India managing director, Kirthiga Reddy, said on Friday she is resigning. Reddy, who joined Facebook in 2010 as its first employee in India, said she would be relocating to the United States in the next 6-12 months. Facebook Chief Executive Mark Zuckerberg was disappointed with the Indian ruling and said that the company was still "working to...
Business events scheduled for the coming week WASHINGTON— The Federal Reserve of New York releases its February survey of manufacturers, 8:30 a.m.. WASHINGTON— Labor Department releases the Producer Price Index for January, 8:30 a.m.; Commerce Department releases housing starts for January, 8:30 a.m.; Federal Reserve releases industrial production for January, 9:15 a.m.; Federal Reserve releases...
Source: The Associated Press
| By: By The Associated Press
UPDATE 2-S.Korea, U.S. to discuss missile defence; South cuts power to Kaesong park SEOUL, Feb 12- South Korea and the United States are expected to begin talks next week on possible deployment of an advanced U.S. missile defence system following North Korea's recent rocket launch, officials said on Friday, as Seoul cut power to a factory park run jointly with the North. The discussions would focus on placing one Terminal High Altitude Area...
| By: Jack Kim and Ju-min Park
How we can kick-start economic growth Helping entrepreneurs is key to getting this economy back on track, says the head of the U.S. Small Business Administration.
| By: Maria Contreras-Sweet, head of the U.S. Small Business Administration