×

Top News & Analysis Chicago

  • OLYMPIA FIELDS, Ill., Feb 3- The U.S. Federal Reserve should raise interest rates slowly even as fiscal policies under President Donald Trump are likely to help push economic growth beyond sustainable levels, Chicago Federal Reserve Bank President Charles Evans said on Friday. "Appropriate policy calls for a slow pace of normalization in order to give the real...

  • NEW YORK, Feb 3- U.S. ethanol producers pumped out the biofuel at a record pace last week, but higher output belies growing concern in the industry that policy changes in the United States and China could upend demand for their product. The ethanol industry in the United States has grown dramatically over the last decade as the biofuel volumes Washington required...

  • CHICAGO, Feb 2- A group of U.S. chicken farmers sued the country's biggest poultry processors, including Tyson Foods Inc, for allegedly conspiring to depress their pay, the latest accusation of improper collusion in the sector. "We want our contract farmers to succeed and don't consult competitors about how our farmers are paid," Tyson spokesman Gary Mickelson...

  • OLYMPIA FIELDS, United States- Chicago Fed President Charles Evans speaks on current economic conditions and monetary policy before the Prairie State College Economic Breakfast- 1415 GMT. SAN DIEGO, United States- Philadelphia Fed President Patrick Harker speaks on "FinTech Regulation" before the Global Interdependence Center "Payment Systems in the...

  • The average daily trading volume at CME, which owns the Chicago Board of Trade and other futures exchanges, rose 24 percent to 16.3 million contracts in the fourth quarter ended Dec. 31. The company's net income rose to $373.4 million, or $1.10 cents per share, in the quarter from $291.7 million, or 86 cents per share, a year earlier. Analysts on average had estimated...

  • In recent years, with U.S.- Russia ties increasingly frosty, the fast food chain has pursued a different strategy: go native. "We say it every time: we are a Russian company," Khamzat Khasbulatov, the head of McDonald's Russia, told Reuters. After Washington imposed sanctions on Russia over its role in Ukraine in 2014, Russia's public health watchdog briefly closed...

  • The company's net income rose to $373.4 million, or $1.10 cents per share, in the quarter ended Dec. 31 from $291.7 million, or 86 cents per share, a year earlier.

  • PARIS/ SINGAPORE, Feb 2- Chicago wheat futures eased on Thursday as the market took a breather after its biggest one-day rally in a month, with grain markets looking ahead to weekly U.S. export figures for a fresh indication of demand. The Chicago Board of Trade's most-active wheat contract gave up 0.7 percent to $4.30-1/ 2 a bushel by 1125 GMT after Wednesday's 3...

  • BERLIN- ECB Board Member Peter Praet gives a keynote speech at 15th Handelsblatt Annual Conference "Future strategies for saving banks and Landesbanken" in Berlin, Germany- 1700 GMT. LONDON- Bank of England rate decision, publication of the minutes of its meeting and release of its inflation report. FRANKFURT, Germany- ECB Governing Council meeting.

  • BERLIN- ECB Board Member Peter Praet gives a keynote speech at 15th Handelsblatt Annual Conference "Future strategies for saving banks and Landesbanken" in Berlin, Germany- 1700 GMT. LONDON- Bank of England rate decision, publication of the minutes of its meeting and release of its inflation report. FRANKFURT, Germany- ECB Governing Council meeting.

  • BERLIN- ECB Board Member Peter Praet gives a keynote speech at 15th Handelsblatt Annual Conference "Future strategies for saving banks and Landesbanken" in Berlin, Germany- 1700 GMT. LONDON- Bank of England rate decision, publication of the minutes of its meeting and release of its inflation report. FRANKFURT, Germany- ECB Governing Council meeting.

  • CHICAGO, Feb 1- Fitch Ratings on Wednesday dropped Illinois' credit rating by one notch to BBB, citing the state's "unprecedented failure" to enact complete budgets for fiscal years 2016 and 2017.. It is the sixth downgrade by a major credit rating agency for Illinois, the lowest-rated U.S. state, since Governor Bruce Rauner took office in January 2015.

  • *OPEC delivers 82 pct of pledged supply cut- Reuters survey. NEW YORK, Feb 1- Crude oil futures rallied late on Wednesday, jumping more than $1 a barrel on geopolitical concerns after Iran confirmed a ballistic missile test and bulls found support in reports on production cuts. Additionally, prices were buoyed by reports that Russia and Iraq were complying with...

  • CHICAGO, Feb 1- U.S. farmers and grain handlers may be stuck with a bigger-than-expected portion of the massive stockpile of corn and soybeans harvested last fall as uncertainty about trade polices under U.S. But in addition to concern about trade under the Trump administration, U.S. exports should face stiff competition from Argentina and Brazil, huge...

  • CHICAGO, Feb 1- U.S. soybean futures rose Wednesday on commodity fund buying at the start of a new month along with fresh export demand, analysts said. As of 11:45 a.m. CST, Chicago Board of Trade March soybean futures were up 9 cents at $10.33-1/ 2 per bushel. March corn was up 4-3/ 4 cents at $3.64-1/ 2 a bushel and March wheat was up 8 cents at $4.28-3/ 4 a bushel.

  • *Brazil harvest progress and drier Argentina curb soybeans. *Worsening U.S.- Mexico relations adds to hesitant mood. PARIS/ SINGAPORE, Feb 1- Chicago soybean futures edged lower on Wednesday, giving up the previous session's gains, as record Brazilian production and improving weather in Argentina boosted world supply prospects.

  • FRANKFURT- Bundesbank Board Member Andreas Dombret speaks about ECB policy- 1900 GMT. OSLO- Norges Bank Executive Director Ida Wolden Bache to give a speech at "Valutaseminaret", an annual seminar hosted by the Association of Norwegian Economists- 1215 GMT. WASHINGTON- Federal Reserve's Federal Open Market Committee decision on interest rate, followed by...

  • FRANKFURT- Bundesbank Board Member Andreas Dombret speaks about ECB policy- 1900 GMT. OSLO- Norges Bank Executive Director Ida Wolden Bache to give a speech at "Valutaseminaret," an annual seminar hosted by the Association of Norwegian Economists- 1215 GMT. WASHINGTON- Federal Reserve's Federal Open Market Committee decision on interest rate, followed by...

  • FRANKFURT- Bundesbank Board Member Andreas Dombret speaks about ECB policy- 1900 GMT. OSLO- Norges Bank Executive Director Ida Wolden Bache to give a speech at "Valutaseminaret", an annual seminar hosted by the Association of Norwegian Economists- 1215 GMT. WASHINGTON- Federal Reserve's Federal Open Market Committee decision on interest rate, followed by...

  • *OPEC achieves 82 percent compliance with output cuts. NEW YORK, Jan 31- Oil prices rose on Tuesday on a weak U.S. dollar and news that the world's top producers cut production this month more than forecasters had expected. "This is very high, a good number," an OPEC source said of the January compliance estimate.