WASHINGTON (Reuters) – The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump. Describing the U.S. economic outlook as “favorable,” Fed Chair Jerome Powell said the rate
TOKYO (Reuters) – China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars. FILE PHOTO: An Air Liquide hydrogen station for hydrogen fuel cell cars is seen in Paris, France, October 13, 2016.
NEW YORK (Reuters) – The attacks on Saudi oil facilities on Saturday will drive up fuel prices worldwide in the world’s largest outage in 50 years. Here’s what it could mean for consumers. Flames emerge from flare stacks at Nahr Bin Umar oil field, north of Basra, Iraq September 16, 2019. REUTERS/Essam Al-Sudani WHERE WILL
TOKYO/LONDON (Reuters) – Oil prices declined on Tuesday, although the market remains on tenterhooks over the threat of a military response to attacks on Saudi Arabian crude oil facilities that halved the kingdom’s output and prompted a price spike not seen in decades. Oil pump jacks work at sunset near Midland, Texas, U.S., August 21,
WASHINGTON/DUBAI (Reuters) – U.S. President Donald Trump on Monday said it looked like Iran was behind attacks on oil plants in Saudi Arabia at the weekend that raised fears of a fresh Middle East conflict, but added that he did not want war with anyone. Iran has rejected U.S. charges it was to blame for
A logo of Airbus is seen on a flag at Airbus headquarters in Blagnac, near Toulouse, France, February 14, 2019. REUTERS/Regis Duvignau LONDON/PARIS (Reuters) – Shares in Airbus (AIR.PA) and other key French exporters fell on Monday as Europe and the United States edged closer toward tit-for-tat sanctions in a long-running dispute over aircraft subsidies.
DETROIT (Reuters) – The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 years. A member of United Auto Workers, Aramark workers,
FILE PHOTO: The company logo for Boeing is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 11, 2019. REUTERS/Brendan McDermid/File Photo DUBAI (Reuters) – The head of the United Arab Emirates’ General Civil Aviation Authority said on Sunday he was not optimistic that the
FILE PHOTO – Markus Duesmann, board member of German luxury carmaker BMW attends the company’s annual news conference in Munich, Germany, March 21, 2018. REUTERS/Michael Dalder BERLIN (Reuters) – BMW’s (BMWG.DE) engine development and purchasing expert, Markus Duesmann, is set to become the CEO of Volkswagen’s (VOWG.DE) Audi premium brand, after BMW dropped its opposition
FILE PHOTO: Walt Disney CEO Bob Iger attends the European premiere of “The Lion King” in London, Britain July 14, 2019. REUTERS/Henry Nicholls (Reuters) – Apple Inc (AAPL.O) said on Friday Walt Disney Co (DIS.N) Chief Executive Officer Bob Iger had resigned from the company’s board of directors on Sept. 10 as the two companies
NEW YORK (Reuters) – A gauge of global stocks rose for an eighth straight day and benchmark government bond yields climbed on Friday after signs of progress in U.S.-China trade talks, as well as a solid U.S. retail sales report, allayed recession worries. Stocks on Wall Street were little changed, as weakness in tech companies
SYDNEY (Reuters) – Australia’s banking watchdog on Friday said record-low interest rates are likely to benefit the country’s “Big Four” lenders over their smaller counterparts due to their better capital position and access to cheaper funds. FILE PHOTO: A man uses his mobile phone as he leaves the Commonwealth Bank of Australia building in central
FILE PHOTO: A sign to the campus offices of chipmaker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake/File Photo (Reuters) – Broadcom Inc (AVGO.O) reported quarterly revenue that missed Wall Street expectations on Thursday, as the company faces a slowdown in chip demand and macroeconomic uncertainty due to the U.S.-China
MEXICO CITY (Reuters) – Mexico’s $5 billion rescue package to pay down debt at Pemex [PEMX.UL] is a one-of-a-kind transaction that should give the struggling state oil company breathing space to focus on output and costs, Deputy Finance Minister Gabriel Yorio said. Mexico’s Undersecretary of Finance and Public Credit Gabriel Yorio speaks during an interview
FILE PHOTO: U.S. Trade Representative Robert Lighthizer testifies before a Senate Finance Committee hearing on “The President’s 2019 Trade Policy Agenda and the United States-Mexico-Canada Agreement” on Capitol Hill in Washington, U.S., June 18, 2019. REUTERS/Leah Millis WASHINGTON (Reuters) – The Trump administration on Wednesday will submit to U.S. House of Representatives Democrats its latest
BEIJING (Reuters) – China announced exemptions for 16 types of U.S. products from additional retaliatory duties, in a move that comes as trade negotiators from the two countries prepare to meet later this month to try and de-escalate their protracted tariff row. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai,