Fed to hold rate policy meeting as planned despite weather
WASHINGTON (Reuters) – The U.S. Federal Reserve will hold an interest rate policy meeting as planned on Tuesday and Wednesday, the central bank said in a statement that might dispel any doubts over whether policymakers would brave a snowstorm hitting W…
Energy drags on Wall St. as oil falls further; airlines slide
(Reuters) – U.S. stocks fell on Tuesday as oil prices dropped to their lowest since November and airlines pulled industrial stocks down as a blizzard hit the U.S. Northeast.
Nissan boosts management presence at Mitsubishi Motors
TOKYO (Reuters) – Mitsubishi Motors Corp on Tuesday said an additional four Nissan executives would join its management team as Nissan tightens its control over the smaller, struggling automaker in which it took a controlling stake last year.
Fall in Volkswagen brand profit shows long road to recovery
WOLFSBURG, Germany (Reuters) – Operating profit at Volkswagen’s biggest car brand fell last year, showing the challenges still facing the world’s largest automaker 18 months on from its emissions scandal.
Exclusive: Deutsche Bank replaces U.S. head Woodley with equities manager – sources
NEW YORK/FRANKFURT (Reuters) – Deutsche Bank is replacing its U.S. chief Bill Woodley with the global head of its stock-trading business, Thomas Patrick, people close to the matter said.
Boeing, aerospace manufacturers back U.S. tax overhaul
SEATTLE (Reuters) – Boeing Co and about 90 other aerospace companies are urging Congress to overhaul the U.S. tax system, saying a set of changes Republicans proposed last year – including a big cut in the corporate tax rate – will make them more compe…
Fed, in shift, may move to faster pace of rate hikes
SAN FRANCISCO/WASHINGTON (Reuters) – The Federal Reserve, which has struggled to stoke inflation since the financial crisis and up until now raised rates less frequently than it and markets expected, may be about to hit the accelerator on rate hikes.
Charles Schwab launches hybrid human-robo financial advice
NEW YORK (Reuters) – Brokerage Charles Schwab Corp on Tuesday launched a service that combines its automated investment management technology with human advisors, as financial institutions race to offer digital financial advice.
Mitsubishi Heavy shares jump on favorable ruling in $6.7-billion claim
TOKYO (Reuters) – Mitsubishi Heavy Industries Ltd (MHI) jumped over 6 percent on Tuesday after an international arbitrator ruled in its favor over a $6.7 billion compensation claim against the company related to the shutdown of California’s San Onofre…
South Australia taps new gas plant, batteries to fix power crisis
SYDNEY (Reuters) – South Australia, the country’s most renewable-energy dependent state, outlined plans on Tuesday to spend A$510 million ($385 million) to keep the lights on, just four days after Tesla Inc boss Elon Musk offered to save the state fro…
