Global equities run out of steam, bond yields fall after Fed
Global equities ran out of steam and U.S. bond yields fell after the Federal Reserve raised interest rates as expected, sticking to its script of gradual policy tightening with forecasts of five more rate hikes by 2020.
Tencent & Alibaba chase remittances in battle for Southeast Asia
For Chinese tech giants Alibaba and Tencent, Southeast Asian domestic helpers in Hong Kong may prove key to their global ambitions in financial services.
Oil prices rise ahead of U.S. sanctions against Iran
Oil prices rose on Thursday, lifted by looming U.S. sanctions against major crude exporter Iran.
Nine state attorneys general back AT&T in Time Warner appeal
A group of nine state attorneys general on Wednesday backed AT&T Inc as the Justice Department asks a federal appeals court to reverse approval of the company’s $85.4 billion acquisition of Time Warner Inc.
Amazon turns to toys, home goods in latest brick-and-mortar trial
Amazon.com Inc on Wednesday said it is opening a general store in New York City that will sell toys, household goods and a range of other products highly rated on its website, marking its latest push into brick-and-mortar retail.
Trump slams Canada over NAFTA, says rejected Trudeau meeting
U.S. President Donald Trump on Wednesday blasted Canada over the slow pace of talks over NAFTA, saying he was so unhappy that he had rejected Canadian Prime Minister Justin Trudeau’s request for a one-on-one meeting.
Fed raises U.S. interest rates, sees at least three more years of growth
The U.S. Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the U.S. economy would enjoy at least three more years of growth.
Trump rejects Canada leader’s request to meet, unhappy with NAFTA talks
U.S. President Donald Trump said he rejected Canadian Prime Minister Justin Trudeau’s request for a meeting during the UN General Assembly this week because bilateral North American Free Trade Agreement (NAFTA) talks are going poorly and the United Sta…
Trump not happy about Federal Reserve raising interest rates
President Donald Trump on Wednesday said he was not happy about the Federal Reserve’s decision earlier in the day to raise its benchmark interest rate, but added the increase was a result of a strong economy.
Wall Street rally disintegrates shortly before the close
A Wall Street rally collapsed and stocks turned negative shortly before the market close on Wednesday after investors reassessed the Federal Reserve’s policy statement and reduced their risk as they weighed how long the U.S. central bank would continue…
