Australia tells Facebook and Google to commit to competition rules, or else
Australia said on Thursday technology giants such as Facebook Inc and Google will have to agree to new rules to ensure they do not abuse their market power and damage competition, or the government will impose new controls on them.
Asian shares rise as Fed cheer offsets trade, UK angst
Asian stocks edged higher on Thursday after the Federal Reserve signaled rate settings were likely to remain accommodative but the imminent UK election and a deadline for Sino-U.S. trade talks kept investors cautious.
High-stakes White House meeting expected Thursday to debate U.S.-China tariffs: sources
U.S. President Donald Trump is expected to meet with top trade advisers on Thursday to discuss planned Dec. 15 tariffs on some $160 billion in Chinese goods, three sources familiar with the plans said, as markets braced for potential negative impacts.
Fed keeps rates on hold, points to ‘favorable’ economic outlook next year
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs will not change anytime soon, with moderate economic growth and historically low unemployment expected to persist through the 2020 presidential election.
FAA probes Boeing 737 MAX production, says it won’t approve jets’ return this year
The U.S. Federal Aviation Administration said on Wednesday it was investigating production issues involving Boeing Co’s 737 MAX and confirmed the agency will not approve the grounded commercial jet for flight before year end.
Continental Resources founder Hamm to step down as CEO
Legendary U.S. oilman Harold Hamm, who once called the Organization of the Petroleum Exporting Countries a “toothless tiger,” will step down as chief executive of Continental Resources and become its executive chairman, the company said on Wednesday.
Factbox: How the North American trade deal will affect labor, environment, drugs
New amendments to the U.S.-Mexico-Canada trade agreement (USMCA) focus heavily on stronger labor enforcement, outlining a detailed process to address any allegations that Mexican factories are violating workers’ rights.
Fiat Chrysler’s UAW members ratify new four-year contract
The United Auto Workers (UAW) union said on Wednesday that rank-and-file members at Fiat Chrysler Automobiles NV have voted in favor of a new four-year labor contract with the automaker, helping the Italian-American firm avoid a strike as it works to m…
Fed keeps interest rates on hold amid ‘favorable’ economic 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 low unemployment expected to continue through next year’s presidential election…
Wall Street posts modest gain as Fed signals rates to hold for some time
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 likely to remain unchanged indefinitely.
