WASHINGTON (Reuters) – Federal Reserve policymakers should put less emphasis publicly on the short-term outlook for interest rate increases and more on the economics driving monetary policy and the uncertainty of forecasts, Fed Governor Jerome Powell s…
NEW YORK/WASHINGTON (Reuters) – U.S. President-elect Trump’s nominee for Treasury Secretary, Steven Mnuchin, on Wednesday waded into the long-running battle over the future control of Fannie Mae and Freddie Mac, the largest players in the U.S. home mor…
WASHINGTON (Reuters) – U.S. private employers stepped up hiring in November and consumer spending increased last month, the latest signs of economic strength that could further cement the case for an interest rate hike from the Federal Reserve next mon…
(Reuters) – Wearable action-camera maker GoPro Inc said on Wednesday it would cut about 15 percent of its workforce and shutter its entertainment business, as the one-time Wall Street favorite cuts costs to help it return to profitability.
LONDON (Reuters) – Royal Dutch Shell, the world’s second-biggest publicly listed oil company, is studying acquisitions in the green energy sector, its CEO told Reuters, as it bows to shareholder demands for a strategy beyond fossil fuels.
WASHINGTON (Reuters) – President-elect Donald Trump’s pick to lead the U.S. Treasury, Steven Mnuchin, said on Wednesday the administration would make tax reform and trade pact overhauls top priorities as they seek a sustained pace of 3 percent to 4 per…
(Reuters) – U.S. stocks ended with big gains for November on Wednesday thanks to a sharp post-election rally but finished the day mostly lower as drops in utilities and technology offset energy’s surge.
LONDON (Reuters) – Donald Trump’s victory in the U.S. presidential election has increased the threats to the world economy from higher interest rates and less trade, the Bank of England said on Wednesday.
LONDON (Reuters) – Parallels between Donald Trump’s U.S. economic plan and early 1980s Reaganomics have supercharged the dollar, reminding some that its rampant gains 30 years ago eventually required intervention to reverse them.
(Reuters) – U.S. funds increased equity allocations to a 16-month high in November on expectations that fiscal stimulus from President-elect Donald Trump will boost stocks, a Reuters poll found.
SYDNEY (Reuters) – Australia and New Zealand Banking Group has become more cautious about lending to apartment developers and buyers due to concerns that parts of the market are oversupplied and household incomes have stagnated.
TOKYO (Reuters) – Toyota Motor Corp on Wednesday appointed its president to lead their newly formed electric car division, flagging its commitment to develop a technology that the automaker has been slow to embrace.
BERLIN (Reuters) – Germany’s largest carrier Lufthansa said it is cancelling 40 flights on Thursday as a result of strikes by some of its German pilots this week.
PARIS (Reuters) – France said on Wednesday that the United States must comply with a World Trade Organisation (WTO) ruling this week against U.S. tax breaks for Boeing , and that failure to do so would give the EU legal basis for retaliatory measures.