Fed’s Rosengren: Will worry when consumers show worry
Boston Federal Reserve President Eric Rosengren on Friday said he might temper his opposition to interest rate cuts if he starts to see weakness in...
Fedspeak in three voices, from recession to bubbles to ‘in a good place’
After delivering a split-decision rate cut earlier this week, U.S. Federal Reserve officials put their divisions over the state of the economy and what should...
Lancome maker L’Oreal hit by 320 million euros French tax charge
Cosmetics maker L’Oreal said on Friday it had reached a settlement with French tax authorities regarding three of its subsidiaries, including one linked to its...
Oil heads for weekly gain of more than 7% after Saudi attacks
Oil prices rose about 1% on Friday, with Brent set for its biggest weekly gain since January, lifted by rising Middle East tensions and supply...
U.S. lifts tariffs on 400 Chinese products, Trump cites trade progress
U.S. President Donald Trump said his administration was “making a lot of progress” with China on Friday, as deputy-level trade talks continued for a second...
Brazil’s Petrobras confronts new foe: fuel thieves
Brazilian state-run oil firm Petrobras has in the last five years battled an epic corruption probe, a crippling recession and unsteady crude prices....
Wall Street gains on stimulus cues, U.S.-China trade progress
U.S. stocks ticked higher on Friday, as cues of easing monetary policy around the globe and signs of further co-operation on Sino-U.S. trade talks kept...
Fed’s Rosengren flags risks to economy in WeWork-style model
The rise in co-working spaces like those offered by WeWork may be a source of financial instability that could make the next U.S. recession worse...
Saudi Aramco sees full oil production from attacked sites by end September
Saudi state oil company Aramco said it will bring back by end September full crude output at Abqaiq and Khurais, the two oil facilities damaged...
Trump: U.S. making a lot of progress with China
President Donald Trump told reporters on Friday the United States is making a lot of progress with China, as two of the world’s biggest economies...