Wall Street mixed as financials drag after Fed rate hike
NEW YORK (Reuters) – The S&P 500 ended slightly lower on Wednesday pressured by the financial sector after the Federal Reserve announced a widely expected interest rate hike but kept its rate outlook for coming years even as it projected faster U.S. economic growth.
Fed lifts interest rates, keeps 2018 policy outlook unchanged
WASHINGTON (Reuters) – The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. …
Lockheed Martin may top Boeing in race to supply Canada jets: experts
OTTAWA (Reuters) – Canada’s decision to make it harder for Boeing Co to win a major jet order hands rival plane maker Lockheed Martin Corp an advantage in capturing the contract, defense experts said on Wednesday.
Fed raises interest rates, keeps 2018 policy outlook unchanged
WASHINGTON (Reuters) – The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in U.S. economic growth from the Trump administration’s proposed tax…
U.S. court removes creditor hurdle to a Westinghouse bankruptcy plan
WILMINGTON, Del. (Reuters) – A U.S. judge shot down on Wednesday a request by creditors of Westinghouse Electric Co LLC for a bigger role in the nuclear technology company’s bankruptcy just days after its parent company Toshiba Corp proposed a restruc…
WTO to end meeting with no deals after U.S. rebukes
BUENOS AIRES (Reuters) – Trade ministers looked set to wrap up their biennial World Trade Organization (WTO) meeting on Wednesday without any new agreements after criticism of the agency by the United States, once the WTO’s driving force.
Wall Street extends gains slightly after expected Fed rate hike
NEW YORK (Reuters) – The three major U.S. stock indexes were higher on Wednesday after the Federal Reserve raised U.S. interest rates by a quarter percentage point, as anticipated, but left its rate outlook for the coming years unchanged even as policy…
Lockheed Martin could beat Boeing in race to supply Canada jets
OTTAWA (Reuters) – Canada’s decision to make it harder for Boeing Co to win a major jet order hands rival plane maker Lockheed Martin Corp an advantage in capturing the contract, defense experts said on Wednesday.
Exclusive: Saudi Aramco to push ahead with market share, expansion strategy – CEO
DAMMAM, Saudi Arabia (Reuters) – Saudi Aramco, the world’s largest oil producer, aims to regain its lost market share after the OPEC-led supply-cut pact ends and plans to push ahead with a downstream expansion strategy to be on par with Big Oil, its ch…
Congress secures tax deal, Trump backs 21-percent corporate rate
WASHINGTON (Reuters) – Congressional Republicans have reached a deal on final tax legislation, the U.S. Senate’s top Republican tax writer said on Wednesday, with President Donald Trump saying he would back a sharply lowered corporate tax rate of 21 pe…
