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Stocks rise with focus on stimulus; U.S. yield curve briefly inverts
A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession.
Posted on : 2019-08-22 02:31:17
Fed was divided on rate cut, wanted to avoid appearing on path for more cuts
Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts, a message not likely to sit well with U.S. President Donald Trump.
Posted on : 2019-08-22 02:07:17
Splunk to buy cloud software firm SignalFx in $1 billion deal
Data analytics software maker Splunk Inc on Wednesday said it would acquire privately held SignalFx, which makes software for the cloud, in a cash and stock deal for about $1.05 billion.
Posted on : 2019-08-22 02:06:13
Wall Street rises as Target, Lowe's results point to consumer confidence
Wall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand, and held gains after minutes from last month's Federal Reserve meeting showed policymakers had debated a more aggressive interest rate cut.
Posted on : 2019-08-22 01:59:54
AMS clear to make takeover bid for Osram in potential bidding war
Austrian sensor maker AMS will go ahead with a takeover bid for Osram that values the German lighting group at 4.3 billion euros ($4.8 billion), it said on Wednesday, setting the stage for a potential bidding war.
Posted on : 2019-08-22 01:49:17
E-cigarette firms probed over health concerns by U.S. House panel
The U.S. House Energy and Commerce said on Wednesday it is launching a probe into the four dominant e-cigarette manufacturers, seeking information on the firms' research into the public health impacts, marketing practices and promotion of their use by adolescents.
Posted on : 2019-08-22 01:46:00
India needs to reduce ecommerce restrictions to revive economy: Amazon executive
India needs to encourage ecommerce and reduce red tape to help small businesses sell online and export goods to help revive sagging domestic economic growth, a senior Amazon.com executive said on Wednesday.
Posted on : 2019-08-22 01:30:12
Oil steadies as U.S. crude stocks draw but fuel inventories rise
Oil futures steadied on Wednesday after U.S. government data showed a drawdown in domestic crude stocks but rises in refined product inventories, while lingering worries about the global economy weighed on the market.
Posted on : 2019-08-22 01:12:04
Argentina will act to prevent 'irrational' run on peso, says new economy chief
Argentina will not allow a chaotic fall in the peso and will use its dollar reserves to bolster the currency against the political uncertainty that erupted after the Aug. 11 primary election, Treasury Minister Hernan Lacunza said on Wednesday.
Posted on : 2019-08-22 00:58:50
Stocks rise with focus on stimulus; U.S. yield curve flat
A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession.
Posted on : 2019-08-22 00:58:07
Mexico and U.S. reach deal to end tomato tariff dispute
Mexican tomato producers struck a last-minute agreement with the Trump administration to avert an anti-dumping investigation and end a tariff dispute that has rumbled on for months, government officials said on Wednesday.
Posted on : 2019-08-22 00:34:11
Target, Lowe's results boost Wall St; stocks hold gains after Fed minutes
Wall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand, and stocks held gains after minutes from the Federal Reserve's meeting last month showed that policymakers had debated a more aggressive rate cut.
Posted on : 2019-08-22 00:17:43
P. Chidambaram arrested in corruption case
The Central Bureau of Investigation (CBI) arrested former finance minister P. Chidambaram late on Wednesday in relation to alleged corruption and money laundering, a day after the Delhi High Court rejected his application to seek exemption from arrest.
Posted on : 2019-08-22 00:09:30
IMF executive board recommends scrapping age limit for Georgieva
The International Monetary Fund said on Wednesday its executive board has recommended the removal of the age limit for its managing director, a move needed for European nominee Kristalina Georgieva to be approved for the job.
Posted on : 2019-08-22 00:07:27
Trade woes are slowing U.S. economy, U.S. budget experts say
Higher trade barriers, including President Donald Trump's tariffs, are slowing the U.S. economy and cutting household income, congressional budget experts warned on Wednesday, as Trump heads toward a 2020 election showdown with Democrats.
Posted on : 2019-08-22 00:01:11
Dozens of Airbus A380s face urgent checks after cracked part dug from ice
Investigators probing an engine explosion on an Air France A380 in 2017 are studying a possible manufacturing flaw in a recently salvaged cracked part in a move likely to trigger urgent checks on dozens of Airbus superjumbos, people familiar with the matter said.
Posted on : 2019-08-21 23:48:24
Trump: 'I am the chosen one' to take on China over trade
U.S. President Donald Trump on Wednesday said he was "the chosen one" to address trade imbalances with China, even as congressional researchers warned that his tariffs would reduce U.S. economic output by 0.3% in 2020.
Posted on : 2019-08-21 23:38:48
Fed debated bigger rate cut, wanted to avoid appearing on path for more cuts
The Federal Reserve debated cutting interest rates more aggressively at its last meeting, although central bankers were united in wanting to avoid the appearance of being on a path to more rate cuts, records from the meeting showed.
Posted on : 2019-08-21 23:34:40
Citigroup, BNP caught up in U.S. case against Huawei CFO: documents
U.S.-based Citigroup Inc and French bank BNP Paribas are caught up in the U.S. criminal case against the chief financial officer of China's Huawei Technologies, according to newly available documents.
Posted on : 2019-08-21 23:30:05
Corrected: Target, Lowe's earnings push Wall Street higher ahead of Fed minutes
(Corrects to show movement of indexes instead of index futures in paragraph 8 and percentage change in last bullet)
Posted on : 2019-08-21 23:28:01
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