For-profit U.S. colleges attract investor interest
Investors appear to be giving another look at the beleaguered for-profit education industry as shares of Strayer Education Inc and Capella Education Co rise on improving financial results.
AUCKLAND Chicago Federal Reserve Bank President Charles Evans said on Tuesday he would be "fine" with raising U.S. interest rates by year end if U.S. economic data continued to come in firm, though any further moves would need to see inflation moving higher.
Speaking to reporters after a speech in New Zealand, Evans said any hike would likely come at the Fed's December policy meeting, though he would not rule out a move as early as the November meeting.
Evans emphasized that the timing of the next hike was less important than how tightening was conducted beyond that, and he would want to see inflation actually moving up and unemployment falling further.
(Reporting by Wayne Cole; Editing by Shri Navaratnam)
BRUSSELS Belgian politicians failed to break their deadlock over a planned EU-Canada free trade agreement on Wednesday, but agreed to resume talks on Thursday in a sign they may be nearing a consensus that would keep the deal alive.
Deutsche Bank AG is reviewing whether it misstated the value of derivatives in its interest-rate trading business, and is sharing its findings with the U.S. authorities, Bloomberg reported, citing people familiar with the matter.