Fed's Harker says dollar not high on list of risks
LONDON, June 27 The dollar's moves are not a major concern for the Fed currently, Philadelphia Federal Reserve Bank President Patrick Harker said on Tuesday.
LONDON May 15 Ivory Coast's dollar-denominated bonds fell on Monday as two of the country's biggest cities were hit by gunfire and fighting, with the military pressing to crush a nationwide army mutiny over bonuses.
Data from Tradeweb showed that bonds maturing in 2024 fell 0.8 cent in price to a three-week low while the 2028 issue lost 1.2 cent to hit its lowest level in 10 days.
Ivorian soldiers are revolting over delayed bonus payments promised by the government after a mutiny in January but not fully paid as a collapse in the price of cocoa, Ivory Coast's main export, caused a revenue crunch. (Reporting by Sujata Rao)
LONDON, June 27 The Fed may have to rethink its interest rate hike plans if inflation continues to wane, Philadelphia Federal Reserve Bank President Patrick Harker said on Tuesday.
WILMINGTON, Del, June 27 The Delaware Supreme Court ruled in favor of Chicago Bridge & Iron Co on Tuesday in a $2 billion dispute with Westinghouse Electric Co that stems from cost overruns at a pair of unfinished U.S. nuclear power plants.