Fed’s slipstream leaves stocks beaming, dollar subdued
Global stocks gained for a third straight day on Wednesday, bolstered by investors’ growing hopes that the Federal Reserve might cut interest rates this year to boost a slowing global economy, while the dollar languished near seven-week lows.
SEC poised to adopt rules aimed at preventing broker conflicts, boosting disclosure
The U.S. Securities and Exchange Commission (SEC) on Wednesday will vote to adopt a package of rules mandating brokerage firms disclose potential conflicts in the fees investors pay and the commission brokers earn when giving financial advice.
BMW and Jaguar Land Rover to jointly develop electric car parts
BMW and Jaguar Land Rover on Wednesday said they will jointly develop electric motors, transmissions and power electronics, unveiling yet another industry alliance designed to lower the costs of developing electric cars.
Chinese importers to apply for tariff waivers on U.S. goods
Chinese importers are preparing applications for waivers on import tariffs levied on more than 700 U.S. goods in the Sino-U.S trade war, after the finance ministry said it would start taking submissions.
Global stocks gain in Fed’s cheery slipstream, dollar subdued
Global stocks gained for a third straight day on Wednesday, bolstered by investors’ growing hopes that the Federal Reserve might cut interest rates this year to boost a slowing global economy, while the dollar languished near seven-week lows.
Trump says Prince Harry is a terrific guy, denies casting Meghan as ‘nasty’
U.S. President Donald Trump said Britain’s Prince Harry was a terrific guy and denied casting his American-born wife, Meghan, as a nasty person, claiming media had distorted his words as he actually felt she was very nice.
BMW and Jaguar Land Rover to jointly develop electric car components
BMW and Jaguar Land Rover on Wednesday said they will jointly develop electric motors, transmissions and power electronics, unveiling yet another industry alliance designed to lower the costs of developing electric cars.
Volkswagen to invest up to 4 billion euros in digital transformation
Volkswagen will invest up to 4 billion euros over the years to 2023 to digitalize its administration and production, the German carmaker said on Wednesday, adding that up to 4,000 jobs in non-production units could be cut.
No need to rush Renault-Fiat merger talks: French finance minister
French Finance Minister Bruno Le Maire said there was no need to rush regarding the $35 billion merger talks between carmakers Renault and Fiat Chrysler, while reiterating that he nevertheless wanted the deal to go ahead.
China’s importers apply for tariff waivers on U.S. goods
Chinese importers are preparing applications for waivers on import tariffs levied on more than 700 U.S. goods in the Sino-U.S trade war, after the Ministry of Finance said it would start taking submissions.
