Two Fed officials see no case for rate cut at this time
Two Federal Reserve officials on Thursday said they see no need for an interest rate cut widely expected next month by markets, highlighting policymakers’ divisions...
Oil eases as Fed’s Jackson Hole meeting gets underway
Oil prices weakened on Thursday as worries about the global economy weighed and equity markets were under pressure as uncertainty over the outlook for U.S....
China buys U.S. soybeans after declaring ban on American farm goods
China snapped up a small volume of U.S. soybeans last week after pledging to halt purchases of American farm products due to the escalating trade...
Ford names new president for China joint venture to deepen alliance amid falling sales
Ford Motor Co on Thursday named Steven Armstrong president of the Changan Ford joint venture in China to deepen the alliance and push for more...
Sovereign investors’ dislike for equities mostly fades in second quarter
Sovereign wealth funds’ distaste for equities mostly faded in the second quarter, with some investors turning to emerging- market passive equity funds, data from the...
U.S. jobless claims fall in sign of labor market strength
The number of Americans filing applications for unemployment benefits fell sharply last week, suggesting the labor market was holding firm despite a manufacturing slowdown and...
Wall Street opens higher on strong retail earnings
U.S. stocks opened higher on Thursday, as strong results from retailers including Nordstrom reinforced confidence in consumer demand, while investors look ahead to Fed Chief...
Mediaset files complaint against Vivendi with Italy watchdog
Mediaset has filed a complaint with Italy’s market watchdog, accusing shareholder Vivendi of leaking information with a view to scuppering its corporate restructuring plans, the...
As U.S. watchdog retreats, mortgage firms reprise cozy marketing arrangements
U.S. mortgage firms are getting back into joint marketing and advertising arrangements, reviving a controversial practice that was effectively banned in the aftermath of the...
Stock futures edge higher as retail earnings highlight consumer confidence
U.S. stock index futures stabilized on Thursday as strong results from retailers bolstered confidence in consumer demand, while investors look ahead to Fed Chief Jerome...