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Nine U.S. Fed banks called for discount rate hike - minutes

Tue, 24th Nov 2015 - 19:00

The number of regional Federal Reserve banks pushing for a hike in what commercial banks are charged for emergency loans rose to nine in October, a sign the U.S. central bank may be close to tightening monetary policy, minutes from its discount rate meeting showed on Tuesday.

Rolls-Royce targets costs and complexity in quest for growth

Tue, 24th Nov 2015 - 17:00

Rolls-Royce's new chief executive aims to strip out costs and complexity, rather than selling off chunks of the business, as he seeks to return the British aero-engine company to growth.

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