WASHINGTON, March 25 (Reuters) – United States Steel Corp
could replace another one of its older blast furnaces with
an electric arc furnace, Chief Executive Mario Longhi told
Reuters on Tuesday.
U.S. Steel said in January that it was applying for permits
to build an electric arc furnace to replace the blast furnace at
its Fairfield, Alabama, facility, part of a push to cut costs.
WASHINGTON (Reuters) – The U.S. Federal Reserve will probably end its massive bond-buying program this fall, and could start raising interest rates around six months later, Fed Chair Janet Yellen said on Wednesday, in a comment which sent stocks and bonds tumbling.
Yellen’s remarks at her first news conference as the head of the central bank pointed to a more aggressive path toward higher interest rates than many had anticipated, and bets in financial markets shifted accordingly.
WASHINGTON (Reuters) – The potential for broader U.S. sanctions on Russia and Moscow’s threat of responding in kind are raising concerns among U.S. corporations and investors about the economic fallout from the crisis over Russia’s annexation of Crimea.
Rapped by critics for not taking a harsh enough line with Russia, the White House is mulling its next moves.
WASHINGTON, March 19 (Reuters) – U.S. business leaders were
expected to air concerns over rising tensions with Russia and
possible sanctions over its moves to annex Crimea, in a meeting
with President Barack Obama’s defense secretary and trade
representative on Wednesday.
U.S. Defense Secretary Chuck Hagel and U.S. Trade
Representative Michael Froman were due to address chief
executive officers and other businessmen, and answer their
questions, at the Business Roundtable’s quarterly meeting in
WASHINGTON, March 19 (Reuters) – The Federal Reserve on
Wednesday said it could keep interest rates unusually low even
after the U.S. job market returns to full strength and inflation
rises to the central bank’s target.
In announcing its view on future rates after a two-day
policy meeting, it also dropped a set of guideposts it was using
to help the public anticipate when it would finally start
bumping overnight borrowing costs up from zero.
WASHINGTON (Reuters) – The Federal Reserve on Wednesday dropped the U.S. unemployment rate as its definitive yardstick for gauging the economy’s strength, and made clear it would rely on a wide range of measures in deciding when to raise interest rates
At the same time, it said that dropping a promise to hold rates steady “well past the time” the U.S. unemployment rate falls below 6.5 percent did not indicate any change in the Fed’s policy intentions.