Fed wants smallest possible portfolio, says Vice Chair Clarida
The U.S. Federal Reserve ultimately wants to have the smallest balance sheet possible while still being able to control its policy rate, Fed Vice Chair Richard Clarida said on Tuesday.
EU trade chief urges U.S. to join talks on WTO reform
The European Union called on Washington on Tuesday to start talking over ways of reforming the World Trade Organization to prevent a paralysis of the international body.
Special Report: Little known to many investors, cryptocurrency reviews are for sale
When cryptocurrency issuers want positive coverage for their virtual coins, they buy it.
Trade tensions pause stocks rally
World stock markets fought to keep a rebound alive on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, clouding what had been a bright start to the week.
Lufthansa sees three Europe carriers in global ‘champions league’
The chief executive of Germany’s Lufthansa said he expects the company to take part in more consolidation in the industry that will eventually leave three global carriers in Europe.
Futures lower as U.S.-China trade tensions resurface
U.S. stock index futures dipped on Tuesday following a rally in the previous session after President Donald Trump said he would go ahead with additional tariffs on Chinese goods, dampening hopes of resolving the ongoing trade dispute.
DBS to almost double staff, triple revenue of Mideast private banking
DBS , Southeast Asia’s largest bank, said it would almost double its Dubai private banking staff in its bid to triple revenue for those operations in the Middle East by 2023, capitalizing on a shift of investments towards Asia.
Oil prices steady near year lows ahead of G20 and OPEC
Oil prices steadied on Tuesday, depressed by record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week.
Lufthansa CEO still sees too many airlines in Europe
The chief executive of Germany’s Lufthansa said there are still too many airlines in Europe and he expects the company to be involved in more consolidation in the industry that will eventually leave three global carriers in the continent.
Japan’s Line partners Mizuho, Tencent in fintech drive; shares jump
Japanese chat app operator Line Corp will set up a bank with Mizuho Financial Group Inc and also partner China’s Tencent Holdings Ltd to offer mobile payment services – plans which saw its stock rise 13 percent on Tuesday.
