Wall Street edges up after Fed holds rates steady
Wall Street’s main stock indexes ended modestly higher on Wednesday after the U.S. Federal Reserve held interest rates steady and signaled that borrowing costs are...
Intel hires former GlobalFoundries, IBM chip executive
Intel Corp has hired Gary Patton, according to an internal Intel memo seen by Reuters on Wednesday....
Global stocks extend gains after Fed keeps rates on hold; oil falls
Global equity markets rose on Wednesday after the Federal Reserve indicated interest rates would remain on hold for some time – a positive for risk...
Oil drops on surprise U.S. crude build but tariff deadline eyed
Oil prices dropped almost 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round...
Nestle sells U.S. ice cream brands to joint venture Froneri in $4 billion deal
Nestle SA has agreed to sell its U.S. ice cream business to Froneri in a deal valued at $4 billion, moving control of brands including...
Gasoline, rents lift U.S. consumer inflation in November
U.S. consumer prices increased solidly in November, which together with labor market strength could support the Federal Reserve’s intention to keep interest rates steady indefinitely...
Fed keeps interest rates on hold amid ‘favorable’ outlook
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and...
Instant View: Fed stands pat on rates, expects no change in 2020
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and...
Goldman Sachs names new head of Johannesburg office
U.S. investment bank Goldman Sachs has appointed Jonathan Penkin as head of its Johannesburg office, the bank’s base for sub-Saharan Africa where the current chief...
Wall Street gains modestly after Fed signals rates to hold steady for some time
The benchmark S&P 500 stock index slightly extended modest gains on Wednesday after the U.S. Federal Reserve held interest rates steady and signaled that borrowing...