Thyssenkrupp in talks to buy steel trader Kloeckner: Handelsblatt
Shares in Kloeckner & Co soared in early trade on Friday after a newspaper said Thyssenkrupp was in talks to buy the metals distributor to strengthen its materials trading business, citing sources familiar with the matter.
Markets doubt Fed’s ability to defend economy, spur inflation
The U.S. Federal Reserve wanted to do two things when it cut rates for the first time in a decade last month: Support the economy and spark inflation expectations.
Oil eases as Fed’s Jackson Hole meeting gets underway
Oil prices weakened on Thursday on worries about the global economy and as equity markets were on edge over the uncertain outlook for U.S. interest rate cuts.
Two Fed officials see no case for rate cut at this time
Two Federal Reserve officials on Thursday said they see no need for an interest rate cut widely expected next month by markets, highlighting policymakers’ divisions over how to respond to signs of a global economic slowdown.
Wells Fargo pays $6.5 million to Navajo Nation over ‘predatory’ practices
Wells Fargo & Co will pay the Navajo Nation $6.5 million to settle a lawsuit over “predatory and unlawful practices” by the bank, the Native American tribe said on Thursday.
Stocks retreat as investors eye Fed’s Jackson Hole meet
An index of global stock markets slipped on Thursday as investors worried about uncertainty over the outlook for U.S. interest rate cuts even as weak U.S. manufacturing data raised concerns about the health of the world’s largest economy.
Trump talks up economy, talks down Fed amid mixed data
President Donald Trump said U.S. economic growth could be record-setting if the Federal Reserve would only lower interest rates further, as reports on Thursday painted a decidedly mixed picture of the nation’s economy.
Exclusive: Boeing, grappling with uneven 737 supply chain, targets 52/month in February – sources
Boeing Co has told suppliers it will resume production of its best-selling 737 jets at a rate of 52 aircraft per month in February 2020, then stepping up to a record 57 jets monthly in June, three people familiar with the matter told Reuters.
China blames Canada for difficulties in relationship, demands Huawei exec be freed
China’s embassy in Canada said on Thursday that bilateral ties were suffering “gross difficulties,” and demanded Ottawa free Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou.
Pompeo tells Trudeau that U.S. officials are focusing on release of two Canadians in China
U.S. Secretary of State Mike Pompeo on Thursday assured Canadian Prime Minister Justin Trudeau that American officials were working to free two Canadian men who have been held by China since late last year.
