Major grain traders face one-two punch from U.S. floods, trade war
Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co and Bunge Ltd for a second straight quarter, adding to...
Fed seen cutting U.S. rates by 25 bps late July: BAML
The Federal Reserve will likely reduce key U.S. borrowing costs by a quarter point at its upcoming July 30-31 policy meeting with the chance of...
American Airlines raises unit revenue forecast, shares rise
American Airlines Group Inc on Wednesday raised its estimate for second-quarter unit revenue as the grounding of Boeing Co’s MAX jets left the No. 1...
Fed seen lowering U.S. rates by 25 bps late July: BAML
The Federal Reserve will likely reduce key U.S. borrowing costs by a quarter point at its upcoming July 30-31 policy meeting with the chance of...
Instant view: Powell – Fed stands ready to act “as appropriate” to sustain expansion
Concerns about trade policy and a weak global economy “continue to weigh on the U.S. economic outlook” and the Federal Reserve stands ready to “act...
Fed’s Powell bolsters rate cut view on trade, global growth concerns
Federal Reserve Chairman Jerome Powell on Wednesday set the stage for the first U.S. interest rate cut in a decade later this month, pledging to...
U.S. oil producers shut offshore output as storm forms in Gulf of Mexico
Anadarko Petroleum Corp has joined major U.S. oil producers shutting production and withdrawing staff from offshore platforms in the U.S. Gulf of Mexico ahead of...
Stocks climb, dollar drops as Fed chair remarks boost rate-cut hopes
A broad index of world stock markets edged higher on Wednesday while the U.S. dollar fell as comments from Federal Reserve Chairman Jerome Powell bolstered...
S&P 500 hits 3,000 as Powell’s comments raise rate cut bets
The benchmark S&P 500 briefly crossed the 3,000 points mark for the first time on Wednesday, as bets for a sharp interest rate cut later...
Skeptical Deutsche Bank investors to grill Sewing on revamp roadshow
Deutsche Bank shareholders will quiz Chief Executive Christian Sewing on how he plans to deliver on revenue growth targets during a global roadshow to win...