S&P 500, Dow hit record high at open on hopes of rate cut
The S&P 500 and Dow indexes hit a record high at the open on Friday, after Federal Reserve Chairman Jerome Powell’s dovish remarks this week...
Ford, Volkswagen extend multibillion-dollar alliance to electric, automated cars
Ford Motor Co and Volkswagen AG said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to...
U.S. producer prices up slightly, point to moderate inflation
U.S. producer prices rose slightly in June as the cost of energy and other goods dropped for a second straight month, resulting in the smallest...
Deutsche Bank to pay Vestia 175 million euros settlement in derivatives suit
Dutch housing cooperation Vestia said on Friday Deutsche Bank would pay it 175 million euros ($197 million) to settle claims the German bank had improperly...
U.S. producer prices rise slightly; cost of goods declines
U.S. producer prices rose slightly in June as the cost of energy and other goods fell for a second straight month, offsetting an acceleration in...
Expectations are low for bank earnings but investors say ‘buy’
Low interest rates and weak trading volume have pushed down Wall Street’s second-quarter estimates for the biggest U.S. banks, yet investors still say they want...
China iron ore imports in June fall to lowest since Feb 2016
China’s iron ore imports in June fell from a year ago, touching their lowest since February 2016, customs data showed on Friday, as supply declined...
China’s June crude oil imports climb as new refineries spur demand
China’s crude oil imports on a daily basis in June rose 15.2% from a year earlier, customs data showed on Friday, as the start up...
China’s June coal imports fall as local miners boost output
China’s June coal imports fell 1.4% from May to 27.1 million tonnes, official data showed on Friday, as local miners boosted output to ensure adequate...
China June soybean imports fall on trade war, deadly pig disease
China’s soybean imports fell 11.5% in June from May, customs data showed on Friday, as the Sino-U.S. trade war and an outbreak of deadly African...