Latest

Central bank independence 'fundamental' for good policy: Fed official
Central bank independence 'fundamental' for good policy: Fed official
Business and Economy
by  AFP

An independent central bank is "fundamental" to good economic outcomes, a senior Federal Reserve official said Thursday, amid concerns that president-elect Donald Trump may seek to influence Fed policy. "It has been widely recognized -- and is a finding of economic research -- that central bank independence is fundamental to achieving good policy and good economic outcomes," Kugler said.

Coach owner Tapestry calls off Capri bid on regulatory blocks
Coach owner Tapestry calls off Capri bid on regulatory blocks
Business and Economy
by  AFP

Fashion group Tapestry said Thursday that it was dropping its $8.5 billion bid for Capri, the owner of luxury brands including Michael Kors and Versace, following a successful legal challenge by US regulators. "Capri and Tapestry mutually agreed that terminating the merger agreement was in the best interests of both companies," Capri said in a statement.