Fed expected to keep interest rates steady as Yellen era ends
WASHINGTON (Reuters) – The Federal Reserve is expected to leave interest rates unchanged on Wednesday while signaling a gradual tightening of monetary policy later this year as the U.S. economy continues to expand and job gains remain solid.
South Korea uncovers about $600 million in illegal cryptocurrency trade
SEOUL (Reuters) – South Korea has uncovered illegal cryptocurrency foreign exchange trading worth nearly $600 million, a sign authorities are tightening the regulatory screws on the digital asset that many global policymakers consider to be opaque and …
Trump vows to protect U.S. intellectual property, without naming China
WASHINGTON (Reuters) – U.S. President Donald Trump vowed on Tuesday to protect American intellectual property, but made no mention of China, which his administration has accused of trade abuses, in his first State of the Union speech to Congress.
Trump urges Congress to help stimulate $1.5 trillion in infrastructure spending
WASHINGTON (Reuters) – President Donald Trump called on the U.S. Congress on Tuesday to pass legislation to stimulate at least $1.5 trillion in new infrastructure spending.
Asia stocks slip as high bond yields weigh, dollar steadies
TOKYO (Reuters) – Asia stocks pulled further back from record highs on Wednesday as the recent rise in global bond yields weighed on equities, while the dollar steadied ahead of the Federal Reserve’s policy decision.
Mexico says open to changes on rules of origin for autos in NAFTA talks
MEXICO CITY (Reuters) – Mexico said on Tuesday that it was open to changes to rules of origin for automobiles, one of the most contentious issues negotiators face in modernizing the 1994 North American Free Trade Agreement.
Blackstone bets big on Wall St. information business with Thomson Reuters deal
LONDON/NEW YORK (Reuters) – U.S. private equity firm Blackstone Group LP catapulted itself into the major leagues of Wall Street’s financial information industry on Tuesday with the acquisition of a majority stake in the Financial and Risk business of …
Xerox near deal that would cede control to Fujifilm: WSJ
(Reuters) – Xerox Corp is nearing a deal with Fujifilm Holdings Corp that would cede control of the U.S. photocopier pioneer to its Japanese competitor, The Wall Street Journal reported citing people familiar with the matter.
Asia stocks slip as high bond yields weigh on equities
TOKYO (Reuters) – Asia stocks eased on Wednesday, pulling further back from record highs, as the recent rise in global bond yields weighed on equities.
Samsung Electronics unveils stock split, record profit as chips sizzle
SEOUL (Reuters) – Samsung Electronics Co Ltd said it expects demand for memory chips to remain strong in 2018, as it reported record annual profit driven by a so-called memory chip “super-cycle” and announced a 50:1 stock split.
