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Overseas central banks are Fed's partner to accomplish rates
The Federal Reserve Bank have found a new partner in its struggle to confirm interest rate increase screens through the US economy. The trend of Fed borrowing billions daily to set a base under its standard policy rate has been conquered by foreign monetary authorities, Bloomberg said.
Ebola Vaccine Will Now Be Available As Gavi Signed $5 Million Deal To Prevent Future Outbreaks, Commits Merck To Keep 300,000 Vaccines Ready
Gavi, a world vaccine alliance, has made a $5 million deal with Merck regarding vaccine supply for future outbreaks. Merck has to provide 300,000 vaccines as a preparation to protect people from the next Ebola crisis.
AmEx to slash cost by $1bn by 2017
Feeling the heat of competition in the global payments industry, American Express (AmEx) is in the process of reducing costs by $1billion by end of 2017. AmEx posted losses for the fourth quarter consecutively. The net income dropped from $1.44 billion to $873 million or 80 cents per share for the quarter. The forecast for this year disappointed investors and analysts.
Adidas Ends IAAF Sponsorship Over Dopping Scandal
The German sportswear and apparel giant ends sponsorship with the International Association of Athletics Federation (IAAF). Adidas decided to terminate the contract because of continuous doping scandal and corruption.