ATHENS, Greece, May 27 (UPI) -- Russian President Vladimir Putin warned two former Soviet Bloc nations against joining the United States and allies in new European missile defense deployments.
WASHINGTON, May 27 (UPI) -- Federal Reserve Chairwoman Janet Yellen said Friday she expects the U.S. central bank will again raise benchmark interest rates "in the coming months."
TUCSON, May 27 (UPI) -- Small and lethal loitering airborne systems are to be jointly developed by Raytheon and Israel's UVision for U.S. military requirements.
Katie Martin, head of FastFT, highlights what to watch out for on Friday, including scrutiny of Janet Yellen for clues of a Fed rate rise, oil slipping from its pop above $50, and a blow for Japan's central bank after consumer prices fell 0.3 per cent in April.
The fact that some US companies are generating returns that greatly exceed historical averages has been seen by some as an indication of a weak competitive environment. But outsize profits are more likely to reflect changes wrought by the rapid digitization of the US economy.
Two decisions in June will shape the future of Europe: the ruling by Germany's Constitutional Court on whether the Bundesbank may participate in the ECB's bond-buying program and the UK's referendum on continued EU membership. Whatever the outcome, the era of unconditional trust in the EU and its institutions has come to an end.