GE shares surge as it raises cash forecast despite earnings loss
General Electric Co posted adjusted profits on Wednesday that beat analysts’ estimates and wowed investors by promising $1 billion more cash this year than it had previously forecast, sending its shares sharply higher.
Instant View: Markets take Fed cut, pause signal in stride
U.S. stocks firmed slightly and yields on Treasuries gyrated in narrow ranges on Wednesday after the Federal Reserve lowered interest rates for the third time this year, while signaling it might pause its easing cycle.
Kuwait, Gulf central banks cut key rates following Fed
Kuwait’s central bank cut its benchmark interest rate on Wednesday, joining the Federal Reserve-led monetary easing cycle with its Gulf peers for the first time since July.
U.S. Fed cuts rates but signals pause in easing cycle
The Federal Reserve on Wednesday cut interest rates for the third time this year, as expected, in a move to ensure the U.S. economy weathers a global trade war without slipping into a recession, but signaled its rate-cut cycle might be at a pause.
Instant View: Fed cuts rates, but signals pause in easing cycle
The Federal Reserve on Wednesday cut interest rates for the third time this year in a move to ensure the U.S. economy weathers a global trade war without slipping into a recession, but signaled its rate-cut cycle might be at a pause.
Former Exxon CEO Tillerson denies misleading investors in climate case
Former Exxon Mobil Corp Chief Executive Officer Rex Tillerson on Wednesday denied misleading investors about how the oil major measured potential costs of climate change, as he testified in a closely watched civil lawsuit brought by New York’s attorney…
FCA to pay 5.5 billion euro dividend, PSA to spin off Faurecia stake in proposed tie-up plan-sources
Fiat Chrysler will pay its shareholders a 5.5 billion euro ($6.1 billion) special dividend under a proposed tie-up scheme with French rival Peugeot , two sources close to the matter said on Wednesday.
Stocks little changed in wake of Fed statement
U.S. stocks were little changed on Wednesday, rebounding after a brief move lower in choppy trade on the heels of the policy statement by the U.S. Federal Reserve that cut interest rates by a quarter of a percentage point.
Consumers underpin U.S. economy as business spending slumps
U.S. economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying financial market fears of a recession.
Chile cancels APEC trade summit, climate gathering as Santiago burns
Chile withdrew on Wednesday as the host of an APEC summit next month at which the United States and China had been expected to sign a deal to ease trade tensions hurting the global economy, as raging street protests gripped the South American country.
