Fed’s Powell: ‘Several years’ of strong jobs, low inflation still ahead
U.S. Federal Reserve Chairman Jerome Powell, discounting the risk that a trade war may throw a global recovery off track, said the economy is on the cusp of “several years” where the job market remains strong and inflation stays around the Fed’s 2 perc…
Fed’s Powell: ‘Several years’ of strong jobs, low inflation still ahead
U.S. Federal Reserve Chairman Jerome Powell, discounting the risk that a trade war may throw a global recovery off track, said the economy is on the cusp of “several years” where the job market remains strong and inflation stays around the Fed’s 2 perc…
Exclusive: Kenya’s Safaricom taking M-Pesa to Ethiopia, sources say
Kenya’s Safaricom is in advanced talks with the Ethiopian government to introduce its popular M-Pesa mobile money service, a major step towards establishing a toe-hold in the market of 100 million people, two sources said on Tuesday.
Rolls-Royce, frustrated at Brexit process, says stockpiling of parts could start in months
Rolls-Royce could start stockpiling parts in months if it looked like Britain was heading towards a disorderly exit from the European Union, the CEO of the UK engine-maker said, expressing frustration with the lack of clarity on the Brexit process.
Wall Street pares losses after Powell’s testimony
U.S. stock indexes pared some losses on Tuesday after Federal Reserve Chairman Jerome Powell said in a Congressional testimony there were “several years” of strong jobs and low inflation still ahead for the U.S. economy.
Trade war puts the hoof into U.S. pig part exports to China
Before the U.S.-China trade war, American pig processors exported nine out of every 10 pigs’ feet and heads they shipped overseas to China and Hong Kong – for prices higher than they would fetch anywhere else.
Netflix drags Wall Street lower ahead of Powell’s testimony
Wall Street dipped on Tuesday as Netflix’s slump due to weak subscriber growth weighed on other high-growth stocks, while investors awaited Federal Reserve Chairman Jerome Powell’s Congressional testimony.
Start-up backed by JetBlue founder commits to 60 Airbus A220 jets
European planemaker Airbus said on Tuesday a U.S. airline start-up backed by investors including JetBlue founder David Neeleman had signed a provisional deal to buy 60 Airbus A220-300 aircraft.
Asda proposes closure of London home shopping center, 261 jobs at risk
Asda, the British supermarket arm of Walmart that has agreed to be taken over by rival Sainsbury’s , has proposed the closure of a home shopping center in London, putting 261 jobs at risk, it said on Tuesday.
Manufacturing, mining power U.S. industrial production
U.S. industrial production increased in June, boosted by a sharp rebound in manufacturing and further gains in mining output, the latest sign of robust economic growth in the second quarter.
