Fed seen slowing, or even stopping, rate hikes next year
The Federal Reserve’s plans to continue raising interest rates next year were met with more skepticism on Wall Street on Monday, with futures traders betting on a pause and one major bank partially walking back a hawkish prediction.
NZ’s Restaurant Brands signs deal to expand Taco Bell in NZ, Australia
Fast-food group Restaurant Brands New Zealand Ltd inked a deal to expand “Tex-Mex” food chain Taco Bell’s brand in New Zealand and in Australia’s New South Wales, the company said on Tuesday.
Wells Fargo won’t be allowed to grow unless problems fixed: Fed’s Powell
Wells Fargo & Co must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal Reserve.
NZ’s Restaurant Brands signs deal to open 60 new Taco Bell restaurants
Fast-food group Restaurant Brands New Zealand Ltd on Tuesday said it had reached an agreement with Taco Bell Restaurants Asia PTE to expand the Taco Bell brand in New Zealand and Australia.
Executive of China’s Huawei asks for bail in U.S. extradition case
A Canadian provincial court in Vancouver on Monday weighed whether to grant bail in an extradition case to a top executive of China’s Huawei Technologies [HWT.UL] following her arrest at the request of the United States.
S&P 500 turns positive with help from tech in volatile session
The S&P 500 turned positive on Monday afternoon with help from technology stocks in a volatile session as investors remained worried about global growth, the U.S.-China trade war and uncertainty over Britain’s exit from the European Union.
Bayer CEO says has not had contact with activist investor Elliott
Bayer Chief Executive Werner Baumann said on Monday he has not had any contact with Elliott Management, following a Reuters report which said the U.S.-based activist investor had taken a position in the German pharmaceuticals giant.
Global stocks extend sell-off on growth and Brexit worries
A gauge of global equities stumbled on Monday, as losses in Europe and Asia extended to Wall Street on new signs the U.S.-China trade spat was impacting world economic growth, but rebounded from an initial drop as Apple Inc shares recovered.
China ruling could ban some Apple iPhones sales amid Qualcomm fight
Chip supplier Qualcomm Inc said on Monday it had won an order from a Chinese court banning the sale of several older Apple Inc iPhone models in China because of two patent violations, although Apple said its phones remained on sale.
Exclusive: Nissan, Ghosn clash over Rio apartment filled with art, cash – filing
A Rio de Janeiro apartment containing cash, art works and personal belongings of Carlos Ghosn has become the latest battleground between the indicted former Nissan Motor Co Ltd chairman and the automaker.
