Fed’s Rosengren flags risks to economy in WeWork-style model
The rise in co-working spaces, like those offered by WeWork, may be a source of financial instability that could make the next U.S. recession worse by sparking a run on commercial real estate, Boston Federal Reserve Bank President Eric Rosengren said o…
Trump: U.S. making a lot of progress with China
President Donald Trump told reporters on Friday the United States is making a lot of progress with China, as two of the world’s biggest economies work toward resolving their protracted trade dispute.
Stimulus supports stocks, oil heads higher
An index of global stock markets edged higher on Friday as stimulus measures by major central banks eased worries about growth, especially in Asian markets, while oil headed for its best week since January.
Ryanair UK pilots cancel this month’s strikes
Ryanair pilots based in the United Kingdom have canceled five days of strikes set for this month, as unions and the low-cost airline gear up for further talks.
Fed’s Clarida hails strong U.S. consumer but says risks remain
The U.S. consumer sector is in excellent shape but risks to the economic outlook mean that the Federal Reserve will decide the course of interest rates from one meeting to the next, Fed Vice Chair Richard Clarida said on Friday.
Commerzbank aims to cut jobs, branches after Deutsche merger fails
Commerzbank said on Friday it wanted to shed thousands of staff and close a fifth of its branches in a strategy overhaul, after the German lender’s attempt to merge with Deutsche Bank failed.
Undeterred, Facebook to press on with Libra launch next year: executive
Facebook still aims to launch its Libra digital currency next year, its executive overseeing the project told Swiss newspaper NZZ, as the company presses ahead despite authorities around the world pouring cold water on the plans.
Taiwanese businesses look to India as alternative to China
Taiwan is pitching India as a potential business destination to its tech, auto, renewable energy and farm sector firms as the United States’ trade war with China has pushed its companies to look for newer markets, two officials said on Friday.
Wall Street edges higher on stimulus efforts, trade hopes
U.S. stocks rose on Friday as an interest rate cut by China’s central bank and signs of co-operation on trade between the world’s two largest economies allayed concerns over global growth.
No-deal Brexit would force Japanese investors to reassess 40-year bet on UK
Japanese companies and investors would be forced to reassess their four-decade bet on the United Kingdom if there is a disorderly exit from the European Union that shattered supply chains and cut off access to the bloc, Japan’s ambassador said.
