Global stocks rise on U.S.-China trade hopes; oil up again
An index of stocks across the globe hit a more than four-month high on Wednesday on hopes for progress in trade talks between the United States and China, and a supportive backdrop from major central banks also helped push risk assets higher.
Exclusive: Brazil’s Odebrecht to propose bondholder losses of over 70 percent – sources
Brazilian conglomerate Odebrecht SA next week will ask its bondholders to accept losses of more than 70 percent from their bonds’ face value as part of a restructuring, two sources with knowledge of the matter said on Wednesday.
Wall Street ends up slightly as Fed minutes support cautious stance
U.S. stocks ended higher on Wednesday after minutes from the Federal Reserve’s last meeting reaffirmed for investors that the U.S. central bank would be “patient” with respect to further interest rate hikes.
Fed flags end to balance sheet runoff, patience on rates
The Federal Reserve on Wednesday signaled they will soon lay out a plan to stop letting go of $4 trillion in bonds and other assets, but policymakers are still debating how long their newly adopted “patient” stance on U.S. rates policy will last.
Samsung announces folding phone with 5G at $1,980
Samsung Electronics Co Ltd on Wednesday said it will release a folding smartphone in April that works with the next-generation 5G networks and will cost almost $2,000, a move to entice consumers to upgrade their phones.
Asia push, Wall Street support lift stocks; oil rises
World stocks rose on Wednesday, hitting a four-month high on hopes for progress in trade talks between the United States and China, and a supportive backdrop from major central banks also helped push risk assets higher.
Wall St. mostly edges up in volatile trade after Fed minutes
U.S. stocks were mostly higher in volatile late-afternoon trade on Wednesday as the release of the Federal Reserve’s minutes from its January meeting showed policymakers thought pausing on U.S. interest rate hikes last month posed little risk.
CVS profit miss, rebate questions send shares tumbling 8 percent
CVS Health Corp on Wednesday forecast 2019 profit well below Wall Street estimates due to weakness in its pharmacy business that serves long-term care facilities and slower than anticipated growth in drug prices, sending shares down 8 percent.
Canada to release federal budget on March 19: finance minister
The Canadian government will unveil its budget for the 2019/20 fiscal year on March 19, Finance Minister Bill Morneau said on Wednesday.
January FOMC minutes: Little risk in pause
Federal Reserve policymakers thought pausing on U.S. interest rate hikes last month posed little risk and plenty of benefit, minutes from their Jan. 29-30 meeting showed, giving them time to assess the effects of a global slowdown and the Fed’s rate hi…
