Page 3545 - Business Finance
Asian shares down on Fed hike, Sino-U.S. trade anxiety
TOKYO (Reuters) - Asian shares edged down on Thursday after the Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening for the rest of the year, while concerns about U.S.-China trade frictions kept investors on edge.
Wall Street falls as Fed signals two more hikes this year
(Reuters) - U.S. stocks ended a choppy session lower on Wednesday after the U.S. Federal Reserve raised interest rates as expected and projected a slightly faster pace of rate hikes this year.
Wall Street sees two more Fed hikes in 2018, three in 2019: Reuters poll
(Reuters) - Wall Street's top banks expect the U.S. Federal Reserve to raise interest rates twice more this year and three times in 2019, in line with forecasts issued Wednesday by central bank policy makers who signalled a modest acceleration to their pace of rate hikes along with increased confidence in the economy.
After nine years of U.S. recovery, Fed sheds anxieties
NEW YORK (Reuters) - The Federal Reserve is guiding a U.S. economy that is as close to ideal as it could have dreamed a decade ago, when the darkest days of the recession forced it to take big risks to protect workers, banks and economies around the world from further devastation.
Comcast offers to buy Fox media assets for $65 billion in cash
(Reuters) - Comcast Corp offered $65 billion on Wednesday for Twenty-First Century Fox Inc media assets, emboldened by AT&T Inc prevailing over the Trump administration's attempt to block a merger with Time Warner Inc .
US Fed raises interest rates for second time this year
The US Federal Reserve has raised short-term interest rates by a quarter of a percentage point, its second rate hike this year and the seventh since late 2015.
Treasury yields jump, Wall Street falls after Fed decision
NEW YORK (Reuters) - U.S. Treasury yields jumped and Wall Street reversed earlier gains to close lower on Wednesday, after the Federal Reserve raised interest rates and signalled that two more hikes could be coming this year.
Elon Musk buys 72,500 of Tesla shares
(Reuters) - Tesla Inc Chief Executive Officer Elon Musk bought 72,500 shares of the company's common stock, a regulatory filing http://bit.ly/2t4K2sY showed on Wednesday.
Fed lifts rates amid stronger inflation, drops crisis-era guidance
WASHINGTON (Reuters) - The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the U.S. central bank's shift from policies used to battle the 2007-2009 financial crisis and recession.
Comcast offers to buy Fox media assets for $65 bln in cash
(Reuters) - Comcast Corp offered $65 billion on Wednesday for Twenty-First Century Fox Inc media assets, emboldened by AT&T Inc prevailing over the Trump administration's attempt to block a merger with Time Warner Inc .
Wall Street slips as Fed signals two more hikes this year
(Reuters) - The Dow and S&P 500 were down slightly in afternoon trading on Wednesday after the Federal Reserve raised interest rates as expected and projected a slightly faster pace of rate hikes in the coming months.
Wall Street ends lower in wake of Fed hike
NEW YORK (Reuters) - U.S. stocks ended lower on Wednesday in a choppy session after the Federal Reserve raised interest rates as expected and projected a slightly faster pace of rate hikes in the coming months.
Volkswagen fined 1 billion euros by German prosecutors over emissions cheating
BERLIN (Reuters) - Volkswagen was fined one billion euros ($1.18 billion) over diesel emissions cheating in what amounts to one of the highest ever fines imposed by German authorities against a company, public prosecutors said on Wednesday.
Ford says fuel cell venture with Daimler will close
DETROIT (Reuters) - Ford Motor Co and Daimler AG are winding down a joint venture formed to develop automotive fuel cell technology, Ford said on Wednesday, as both companies plan to take their respective fuel cell technology development in-house.
Traders see fourth Fed interest rate hike this year
(Reuters) - Traders of U.S. short-term interest-rate futures increased bets the Federal Reserve will raise rates again this year and next after the central bank on Wednesday increased its benchmark lending rate and dropped its longstanding pledge to stimulate the economy "for some time."
China's Belt and Road Initiative commitment to SDGs: UNGA chief
UN General Assembly President Miroslav Lajcak has said that China's Belt and Road Initiative represents a commitment to the the UN's Sustainable Development Goals (SDGs) and multilateralism.
Gasoline leads broad increase in U.S. producer inflation
WASHINGTON (Reuters) - U.S. producer prices increased more than expected in May, leading to the biggest annual gain in nearly 6-1/2 years, the latest sign of a gradual building up of inflation pressures.
London Gatwick Airport invests 1.1bn pounds in expansion
London Gatwick Airport announced today it was spending 1.1 billion pounds on expanding its facilities over the next five years to accomodate a growth in passenger numbers. Gatwick is the eighth-busiest airport in Europe and sits behind Mumbai as the world's busiest single-runway air hub. "Gatwick is a major piece of national infrastructure, and our continued growth and ability to attract long-haul airlines is vital for the health of the UK economy, particularly in a post-Brexit world," said the airport's chief executive Stewart Wingate. "By committing to spend another 1.1 billion pounds, Gatwick can continue to grow sustainably, attract new airlines and offer more global connections, while providing an excellent service to passengers." From December 2009 to the end of the new five-year investment in 2023, the total investment figure rises to 3.14 pounds billion. Gatwick serves more than 228 destinations in 74 countries for 45 million passengers a year. It predicts that passenger ...
Oil rises as U.S. inventories fall on strong demand
NEW YORK (Reuters) - Oil prices turned positive on Wednesday after a bigger-than-expected decline in U.S. crude inventories along with surprise drawdowns in gasoline and distillates indicated strong demand in the world's top oil consumer.
Fox shares pop ahead of expected Comcast bid
(Reuters) - Twenty-First Century Fox Inc's shares hit a record high on Wednesday as approval for AT&T Inc's $85 billion buyout of Time Warner Inc spurred speculation that Comcast Corp would make an offer for most of Fox's assets.