Mon02202017

LAST_UPDATEMon, 20 Feb 2017 12am

UK Wage Growth Slows In Late 2016, Employment Picks Up

British workers saw their pay grow more slowly than expected at the end of last year, official data showed on Wednesday, ahead of a likely squeeze on their living standards from higher inflation in 2017.

Read more: UK Wage Growth Slows In Late 2016, Employment Picks Up

Traders See Higher Chances Of U.S. Rate Hike In March

U.S. short-term interest rates futures fell to session lows on Wednesday as upbeat data on retail sales and consumer prices in January reinforced the view the U.S. economy is picking up momentum which may push the Federal Reserve to raise rates faster.

Read more: Traders See Higher Chances Of U.S. Rate Hike In March

Dollar Notches Longest Run Of Gains In Five Years Before CPI Data

The dollar chalked up its 11th straight daily rise on Wednesday, as investors' focus moved to inflation data in the United States for more support for the idea of a rise in Federal Reserve interest rates next month.

Read more: Dollar Notches Longest Run Of Gains In Five Years Before CPI Data

U.S. Data Points To Strengthening Domestic Demand And Inflation

U.S. retail sales rose more than expected in January as households bought electronics and a range of other goods, pointing to sustained domestic demand that should bolster economic growth in the first quarter.

Read more: U.S. Data Points To Strengthening Domestic Demand And Inflation

Global Aerospace Boom Is Over, But Likely No Bust Ahead: Analyst

Demand for jetliners made by Boeing Co (BA.N) and Airbus (AIR.PA) is in decline but no big bust for the industry lies ahead, a leading analyst said on Wednesday, noting that military aircraft sales should rise.

Read more: Global Aerospace Boom Is Over, But Likely No Bust Ahead: Analyst

Cabinet Sets Up Special Task Force To Probe Bank Negara’s Forex Losses In 90s

KUALA LUMPUR, Feb 15 — The Cabinet today agreed to set up a special task force (STF) to conduct a probe into the losses suffered by Bank Negara due to foreign exchange (forex) trading in the 1990s.

Read more: Cabinet Sets Up Special Task Force To Probe Bank Negara’s Forex Losses In 90s

Verizon Reaches Tentative Agreement To Lower Price Of Yahoo Deal: Bloomberg

Verizon Communications Inc (VZ.N) has tentatively reached a revised deal that would lower by about $250 million the price to acquire Yahoo Inc's (YHOO.O) core internet business, Bloomberg reported on Wednesday.

Read more: Verizon Reaches Tentative Agreement To Lower Price Of Yahoo Deal: Bloomberg

Only 16 Per Cent Of Saudi Private Sector Workforce Are Saudis

RIYADH, Feb 15 (Bernama) -- The Saudi nationals represented about 16 per cent of the workforce in the private sector in the third quarter of last year, Al Riyadh local newspaper reported on Wednesday, according to China's Xinhua news agency.

Read more: Only 16 Per Cent Of Saudi Private Sector Workforce Are Saudis

Fed's Rosengren Sees 'At Least' Three Rate Hikes Per Year

The Federal Reserve may need to raise interest rates a bit more aggressively than the thrice-per-year pace forecast by Fed policymakers if the U.S. economy picks up steam as expected, a pragmatic Fed official said on Wednesday.

Read more: Fed's Rosengren Sees 'At Least' Three Rate Hikes Per Year

China Completes $1.15 Trillion Investment In Major Projects By End-2016: State Planner

China completed 7.92 trillion yuan ($1.15 trillion) worth of investment in major projects by end of 2016, the state planner said on Wednesday.

Read more: China Completes $1.15 Trillion Investment In Major Projects By End-2016: State Planner