A Reuters poll showed Thursday, Wall Street's Standard & Poor's 500 .SPX index will hit 2,000 for the first time before the end of 2014, having already set a series of record highs this year on optimism that interest rates will remain low. Last week, U.S. Federal Reserve Chair Janet Yellen said interest rates could be "well below longer-run normal values at the end of 2016." Some of the largest U.S.
Sources are telling Reuters, Deutsche Bank has fired three New York-based currency traders, in the latest sign that a probe over alleged manipulation of foreign exchange markets is gathering steam. According to the source, Diego Moraiz, Robert Wallden and Christopher Fahy were terminated by the bank, which told trading floor staff of the development on Tuesday. The terminations come as authorities around the world, including Britain's Financial Conduct Authority and the U.S.
The man behind the Morphsuit, Gregor Lawson, joins Reuters for the taxi challenge. He explains how his company AFG Media has come to make Â£12 million in sales in just four years by creating fully-body spandex suits, and how Halloween gimmicks attracted a NASA worker.
The head of Airbus Group told Reuters, Germany faces defense industry job cuts beyond those already planned and could even see factories closed or moved abroad if the government insists on toughening restrictions on arms exports. The company's defense and space division already plans to shed some 2,000 industrial jobs in Germany. Chief Executive Tom Enders told Reuters, "I am concerned about the increasingly restrictive arms export policy of Germany.
According to a company plan seen by Reuters,refineries owned by Mexico's state-run oil company Pemex will boost crude processing volumes to their highest rate in five years in 2014, with maintenance work peaking in late autumn. According to a Reuters analysis based on a scheduled turnaround plan for this year,the company's six domestic plants are expected to process an average of 1.248 million barrels per day this year, or 79.2 percent of their combined capacity.