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Federal Reserve under growing pressure to reform system, goals

00WASHINGTON The U.S. Federal Reserve has two guiding goals when designing monetary policy: maximum employment and stable inflation. But as the country’s central bankers converge for their annual symposium in Jackson Hole, Wyoming this week, they are under increasing pressure to reform their own system and goals to better reflect the diversity of America and…

European shares edge up helped by Syngenta, commodity stocks weigh

00LONDON European stocks rose on Monday after falling the week before, as Swiss chemical company Syngenta gained after U.S. regulators cleared a takeover bid for the company by ChemChina. Syngenta rose up 10.6 percent, the top STOXX Europe 600 riser, after the Committee on Foreign Investment in the U.S. cleared ChemChina’s $43 billion bid, making…

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