Bloomberg Treasuries traders who delayed holiday getaway plans on Friday took away a clear message from Federal Reserve Chair Janet Yellen — a mid-year interest-rate hike may be on the way. Yellen’s remark that the Fed will raise rates “probably in the coming months” drove benchmark two-year note yields higher for a third consecutive week. The comments at an ...

  Bloomberg Argentine President Mauricio Macri announced an amnesty on an estimated $500 billion of unregistered funds stashed abroad to pay pensioners and help fund a multi-billion dollar infrastructure program. The funds will pay a tax of zero percent to 15 percent depending on the amount and when they are brought back into the country, the government said in a ...

  Bloomberg Jawbone Inc. is set to be a much smaller company, according to reports that it’s ending production of its fitness trackers and seeking buyers for its speaker business. The closely held company has put its speaker business up for sale, Fortune said, citing anonymous sources, in a report on its website. Later, Tech Insider reported that Jawbone has ...

  Bloomberg Brazil’s real extended its worst week since December and stocks fell as speculation the country’s political crisis will escalate dimmed expectations that Acting President Michel Temer will be able to restore confidence in Latin America’s biggest economy. The real led losses among the world’s major currencies this week after recordings released by newspapers suggested that Temer’s PMDB party ...

  Ironic as it may seem considering his campaign platform, investors have welcomed the eight-point economic agenda of the incoming president of the Philippines, Rodrigo Duterte, in which he vowed to continue and maintain the current macroeconomic policies of the outgoing government. This is, by no means, a marked shift from his campaign promise, “Change is Coming,” under which he ...

Dmitry Filippov SPECIAL TO EMIRATES BUSINESS On May 6, Japanese Prime Minister Shinzo Abe held an informal meeting with Russian President Vladimir Putin in the subtropical Russian city of Sochi. The three-hour talks concluded with both sides agreeing to streamline the negotiation process aimed at resolving their territorial dispute and concluding a peace treaty based on an undisclosed “new concept.” ...

Perhaps the biggest reason Europe hasn’t produced digital economy giants like Google, Amazon, Facebook or Netflix is that there’s no such thing as “Europe.” Starting out in Sweden, France or Germany, a company is not European — it’s Swedish, French or German. Tax regulations, postal tariffs, financial systems, copyright, labeling and data protection rules — nothing is harmonized. Failing to ...

  London / Bloomberg British Airways is evaluating its routes to Nigeria, adding to aviation-industry pressure on the government as sister carrier Iberia and US competitor United Airlines halt flights to the oil-based market as traffic stutters and currency controls delay access to revenue. The UK carrier is struggling to repatriate its share of the $575 million that Nigeria currently ...

  New York / Bloomberg PVH Corp., the maker of Calvin Klein and Tommy Hilfiger apparel, jumped as much as 7.6 percent after raising its full-year profit forecast and reporting first-quarter earnings that beat analysts’ estimates. Adjusted earnings will probably be $6.45 to $6.55 a share during the 2016 fiscal year, the New York-based company said in a statement. That’s ...

  The Hague / AFP Dutch electronics giant Philips set a price of 20 euros per share, a day ahead of a highly anticipated IPO of its lighting arm, and said it was expecting to raise 750 million euros. “The total number of offered shares is 37.5 million, representing 25 percent of the shares,” the Amsterdam-based Philips said in a statement. ...