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No swaps with foreign central banks in latest week: New York Fed

NEW YORK (Reuters) - The Federal Reserve provided no liquidity to foreign central banks in the latest week, the New York Fed said on Thursday. The Federal Reserve has established swap arrangements with the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank, and the Bank of Japan. (The full Fed report can be found at: ) nEMS2UFQJS

Business Highlights

___ Why high oil prices are actually good for airlines NEW YORK (AP) — Airline executives frequently complain about fuel costs, but higher prices actually have been good for business. Fuel now accounts for more than a third of airlines' expenses, overtaking salaries, wages and benefits as the single biggest line item.

US economy emerges from winter freeze: Fed's Beige Book

The US economy is showing clear signs of emerging from the brutal winter, with consumer spending picking up broadly, the Federal Reserve's Beige Book survey said Wednesday. "Economic activity increased in most regions" of the country since the early March report, the Beige Book said, with "modest or moderate" expansion in most of the Fed regions surveyed. The review of economic conditions covered mid-February through early April, capturing still-severe winter weather effects that began to fade last month.

Definition of word 'community' at heart of soldier's housing case

HALIFAX - The definition of a single word — community — is at the heart of an unusual case involving a Canadian soldier seeking compensation to cover the $88,000 he lost on the sale of his home when the military forced him to move from Alberta in 2010. Maj. Marcus Brauer, who now lives in Halifax, appeared Tuesday in Federal Court to ask Judge Richard Mosley to order the Treasury Board Secretariat to review its decision to grant him only $15,000 in compensation.

U.S. economic activity increased in most regions -Fed

WASHINGTON (Reuters) - U.S. economic activity picked up in recent weeks as a weather-related drag lifted, the Federal Reserve said on Wednesday. In its Beige Book report of anecdotal information on business activity collected from contacts nationwide, the U.S. central bank said eight of its 12 districts characterized growth as "modest to moderate." Chicago reported that growth had picked up, while New York and Philadelphia said activity had rebounded from slowdowns related to severe weather earlier in the year.

Americas News Agenda for April 16

Duty Editor: Stephanie Griffith Tel: +1 202 414 0541 What's happening in the Americas on Wednesday: + Kerry departs for Ukraine crisis talks WASHINGTON: US Secretary of State John Kerry heads to Geneva for closely-watched talks on the crisis in Ukraine, the worst East-West standoff since the Cold War. (UKRAINE-POLITICS-CRISIS-US) -- OTHER AGENDA ITEMS --

Investors pare longer-dated U.S. Treasuries in week: survey

NEW YORK (Reuters) - More investors pared their holdings of longer-dated Treasuries in the latest week after the minutes of the Federal Reserve's March policy meeting suggested the U.S. central bank would be unlikely to raise interest rates until the second half of 2015, according to a survey released on Tuesday by J.P. Morgan Securities.

Canadian military member challenges government in court over housing costs

HALIFAX - A 24-year veteran of the Canadian military is taking the federal government to court Tuesday to recover thousands of dollars he lost on his home when he was posted to another base and got little compensation through a program that he says has caused financial hardship for dozens of members. Maj. Marcus Brauer will be in federal court to seek a judicial review of a decision by the Treasury Board that concluded he should receive only $15,000 for a $88,000 loss he took on the sale of his house in Alberta when he moved to Halifax in 2007.

Words, charts, numbers all fail Fed: James Saft

(James Saft is a Reuters columnist. The opinions expressed are his own) By James Saft (Reuters) - Since neither words, nor charts nor numbers seem capable of expressing when the Fed will raise interest rates, perhaps they need to adopt some new kind of symbol. What's the symbol for "The first day of never"? Didn't Prince already use that? Seriously, the Federal Reserve seems most comfortable with that which expresses the least specific meaning.

'At least' six months between end of QE and rate rise: Fed's Evans

WASHINGTON (Reuters) - The Federal Reserve will likely wait "at least" six months after ending a bond-buying program before raising interest rates, and will only act that quickly "if things really go well," a top U.S. central banker said on Wednesday. Charles Evans, president of the Chicago Fed, was asked about the timetable after Janet Yellen, the Fed Chair, said last month the recess would be "around six months" depending on the economy - a comment that undercut stocks and bonds and prompted economists to revise forecasts.
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