Tuesday, September 16, 2014
U.S. stock index futures dipped on Tuesday ahead of data on producer price inflation, with traders positioning for a Federal Reserve meeting expected to provide clues on the short term direction of U.S. interest rates.The Labor Department's producer price index, due at 8:30 a.m. EDT, is expected to have risen 0.1 percent in August, the same as in July. U.S.-traded Astra Zeneca shares fell 1.7 percent in pre-market trading after it signed a partnership deal with U.S.   [READ MORE]
The top U.S. auto safety regulator harshly criticized General Motors Co for not promptly reporting and recalling cars now linked to at least 19 deaths and said he has been meeting with top global automakers to develop a "new normal" for safety recalls. In his most pointed comments to date about GM's lapses, David Friedman, acting administrator of the National Highway Traffic Safety Administration, said the automaker put its own reputation ahead of the safety of its customers.   [READ MORE]
Two senior BNP Paribas energy traders in New York have left, but the Paris-based bank said on Monday it was not downsizing its U.S. commodity and energy businesses. BNP Paribas' head of commodity derivatives Catherine Flax told Reuters, Keith Shoemaker, managing director of North American natural gas trading, and William Hartz, head of financial oil trading, have resigned. She did not give a reason for their departures.

The European Union's Statistics office data showed, that the euro zone's trade surplus rose year-on-year in July as exports grew faster than imports, pointing to a positive contribution to economic growth at the start of the third quarter. Eurostat said the non-seasonally adjusted external trade surplus of the 18 countries sharing the euro was 21.2 billion euros (27.39 billion US dollar) in July, up from 18.0 billion in July 2013.   [READ MORE]
Along with the list of expected partners for Apple Pay this week was a bit of a surprise: McDonald's. How did the Golden Arches, not an outfit known for its association with cutting-edge technology and gadgets, get on Tim Cook's radar? It turns out the partnership was the fruit of a year-long effort that began with the hiring of Amazon exec Atif Rafiq last October. Rafiq says "We want to be very connected to innovation. Increasingly, you'll see McDonald's resemble an ecommerce company.   [READ MORE]
Alibaba Group Holding Ltd plans to close its IPO order book early after it received enough orders to sell all the shares in the record-breaking offering, Bloomberg reported, citing people with knowledge of the matter. The sources said, the Chinese e-commerce group had orders to sell shares at the higher end of the expected price range of $60 to $66 per share. Bloomberg reported, Alibaba is expected to stop taking orders in Asia on Sept. 17, a day earlier than previously scheduled.


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