Wall Street gains after upbeat retail earnings
Wall Street’s main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand and held their gains after minutes from the Federal Reserve’s meeting last month showed that policymakers had debated a more aggr…
AMS clear to make takeover bid for Osram in potential bidding war
Austrian sensor maker AMS will go ahead with a takeover bid for Osram that values the German lighting group at 4.3 billion euros ($4.8 billion), it said on Wednesday, setting the stage for a potential bidding war.
India needs to reduce ecommerce restrictions to revive economy: Amazon executive
India needs to encourage ecommerce and reduce red tape to help small businesses sell online and export goods to help revive sagging domestic economic growth, a senior Amazon.com executive said on Wednesday.
Mexico and U.S. reach deal to end tomato tariff dispute
Mexican tomato producers struck a last-minute agreement with the Trump administration to avert an anti-dumping investigation and end a tariff dispute that has rumbled on for months, government officials said on Wednesday.
Stocks rise with focus on stimulus; U.S. yield curve flat
A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession.
First-time U.S. home buyers face supply struggle as rates fall
Mortgage rates are at a three-year low and housing price appreciation has cooled, but many Americans seeking to buy their first home are facing tough times.
Trade woes are slowing U.S. economy, U.S. budget experts say
Higher trade barriers, including President Donald Trump’s tariffs, are slowing the U.S. economy and cutting household income, congressional budget experts warned on Wednesday, as Trump heads toward a 2020 election showdown with Democrats.
Instant View: July FOMC minutes – 25 basis points cut seen as a mid-cycle adjustment
The Federal Reserve debated cutting interest rates more aggressively at its July meeting, although central bankers were united in wanting to avoid the appearance of being on a path to more rate cuts, minutes showed.
Fed debated bigger rate cut, wanted to avoid appearing on path for more cuts
The Federal Reserve debated cutting interest rates more aggressively at its last meeting, although central bankers were united in wanting to avoid the appearance of being on a path to more rate cuts, records from the meeting showed.
Dozens of Airbus A380s face urgent checks after cracked part dug from ice
Investigators probing an engine explosion on an Air France A380 in 2017 are studying a possible manufacturing flaw in a recently salvaged cracked part in a move likely to trigger urgent checks on dozens of Airbus superjumbos, people familiar with the m…
