PRESS DIGEST- New York Times business news - June 5
June 5 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
* The International Monetary Fund said Thursday that the Federal Reserve should wait until next year before raising its benchmark interest rate, citing the stubborn persistence of sluggish inflation. (nyti.ms/1QaWxeu)
* HSBC Holdings Plc will pay about $42.8 million to settle the inquiry into possible money laundering at its Swiss private bank and won't face criminal charges. (nyti.ms/1AQXfqp)
* The British government said it would sell its remaining stake in the Royal Mail Plc as part of an effort to reduce the country's debt. (nyti.ms/1FxpeIi)