Guggenheim’s Scott Minerd says Fed will pause to start 2019
The Federal Reserve is likely to hold its interest rate hikes on pause for the start of 2019 in order to stabilize markets, given economic growth is set to slow and financial conditions having tightened, Guggenheim Partners Global Chief Investment Offi…
Marriott looks to reboot loyalty plan after cyber attack
Marriott International Inc will relaunch its loyalty program under a new brand name, the company said on Wednesday, as it seeks to undo the damage to its name from a massive cyber attack that led to millions of customer records being stolen.
BlackRock profit misses as investors opt out of expensive funds
BlackRock Inc reported a lower-than-expected quarterly profit on Wednesday, as market volatility towards the end of 2018 prompted investors to pull out money from the world’s biggest asset manager’s actively managed funds.
Ford forecasts higher 2019 profit
Ford Motor Co on Wednesday forecast higher profit and revenue in 2019 as global industry sales remain flat.
China central bank’s record $83 billion injection heightens worries over ailing economy
China’s central bank injected a record $83 billion into the country’s financial system on Wednesday, seeking to avoid a cash crunch that would put further pressure on the weakening economy.
China must prepare for economic difficulties in 2019: premier
China must prepare for difficulties this year as the economy faces increasing pressure, state radio on Wednesday quoted Premier Li Keqiang as saying.
China posts scant rise in outbound investment in 2018 amid outflow curbs
China’s overseas investment rose only marginally in 2018 as the yuan weakened and regulators cracked down on deals that were suspected to be skirting controls on moving money out of the country.
EU court annuls 2013 Commission decision that blocked UPS takeover of TNT
The European Court of Justice on Wednesday annulled a 2013 European Commission decision that blocked U.S. package delivery company UPS’s planned acquisition of Dutch peer TNT Express, citing a procedural error.
BOJ to cut price forecasts, keep bright view of economy: sources
The Bank of Japan is expected to cut its inflation forecasts at next week’s rate review, sources say, a sign slumping oil prices and a darkening global economic outlook are heightening challenges for hitting its ambitious 2 percent target.
Oil steady on supply optimism but economic worries loom
Oil prices steadied on Wednesday after climbing about 3 percent in the previous session on expectations that OPEC-led production cuts will tighten supply and that possible Chinese stimulus might help the global economy.
