July 10, 2019

Fed’s Powell, in Trump’s crosshairs, gets backing from Congress

Federal Reserve Chairman Jerome Powell came to Capitol Hill on Wednesday with two goals: cementing the case for an interest rate cut at the end of […]
July 10, 2019

Major grain traders face one-two punch from U.S. floods, trade war

Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co and Bunge Ltd for a second straight quarter, adding to headwinds […]
July 10, 2019

Fed’s Powell says trade, global growth concerns continue to weigh on U.S. economy

Concerns about trade policy and a weak global economy “continue to weigh on the U.S. economic outlook” and the Federal Reserve stands ready to “act as […]
July 10, 2019

Instant view: Powell – Fed stands ready to act “as appropriate” to sustain expansion

Concerns about trade policy and a weak global economy “continue to weigh on the U.S. economic outlook” and the Federal Reserve stands ready to “act as […]
July 10, 2019

Toyota to build new SUV, rather than car at Alabama plant

Toyota Motor Corp said Wednesday it will build a new sport utility vehicle at a $1.6 billion joint venture assembly plant in Alabama rather than produce […]
July 10, 2019

Oil gains on U.S. inventory drawdown, Gulf of Mexico storm

Oil prices rose 2.5% on Wednesday after industry data showed U.S. inventories fell more than expected and as major U.S. producers evacuated rigs in the Gulf […]
July 10, 2019

Superdry sees long road to recovery, denies new boardroom rift

The founder of Superdry warned the revival of the struggling British fashion group would be a long haul after a 130 million pound ($161 million) charge […]
July 10, 2019

S&P 500 hits 3,000 as Powell’s comment lifts rate cut hopes

The benchmark S&P 500 breached the 3,000 points mark for the first time on Wednesday, as hopes of an interest rate cut later this month were […]
July 10, 2019

Euro zone growth, inflation outlook cut as risks from U.S. trade grow

The European Commission lowered its estimates on Wednesday for euro zone growth and inflation, saying uncertainty over U.S. trade policy posed a major risk to the […]
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