Alistair's Feed
Oct 1, 2013
Oct 1, 2013
Oct 1, 2013
Oct 1, 2013
Oct 1, 2013
Oct 1, 2013
Oct 1, 2013
Oct 1, 2013
Sep 26, 2013

Fed officials admit communication problems over taper

FRANKFURT/STOCKHOLM (Reuters) – The Federal Reserve confused financial markets over scaling back bond buying, two senior officials said on Thursday, with one arguing the central bank should explicitly link tapering to drops in the jobless rate to be more predictable in the future.

Fed Board Governor Jeremy Stein said he would have been comfortable with acting at the September 17-18 meeting, and the decision to keep buying bonds at an $85 billion monthly pace had been, for him, a “close call”.

Sep 22, 2013

Global lockmaker seeks key to future profits in the cloud

STOCKHOLM, Sept 22 (Reuters) – Despite the rapid pace of
technology that has overhauled many consumer goods, the front
door lock and key is little changed since the 1800s. That is
about to change – to virtual keys in data clouds, if the world’s
biggest lockmaker gets its way.

Assa Abloy, which makes one in ten locks worldwide, is the
muscle behind brands such as Yale. But the lock technology it is
now developing means consumers will be able to open doors with a
tap of their mobile phones, visitors will be able to download a
key online and business owners will be able to lock and unlock
their premises remotely.