August 24, 2018

Global stocks rally after Powell speech, oil prices surge

Global equity market rose on Friday after Federal Reserve Chairman Jerome Powell expressed no surprises in a key speech outlining a steady course for monetary policy, […]
August 24, 2018

Wall St. adds to gains after Powell comments

U.S. stocks added to their gains slightly on Friday after Federal Reserve Chair Jerome Powell said further interest rate hikes were the best way to protect […]
August 24, 2018

UK says Brexit could hit banks’ stock of ‘risk free’ EU debt

Britain could force European Union banks operating in London to start holding capital against inventory of riskier EU government bonds in the case of a ‘no-deal’ […]
August 24, 2018

Fed Chair Powell: further rate hikes best way to protect recovery

The Federal Reserve’s steady interest rate hikes are the best way to protect the U.S. economic recovery and keep job growth as strong as possible and […]
August 24, 2018

Fed’s Powell: more rate hikes likely if economy stays strong

The Federal Reserve’s steady interest rate hikes are the best way to protect the U.S. economic recovery and keep job growth as strong as possible and […]
August 24, 2018

Cigna shareholders approve $52 billion Express Scripts acquisition

Cigna Corp shareholders on Friday voted in favor of the health insurer’s proposed $52 billion acquisition of pharmacy benefit manager Express Scripts Holding Co , although […]
August 24, 2018

Shelved Aramco IPO hits at heart of Saudi prince’s reforms

Saudi Arabia’s decision to shelve what was billed as the biggest share sale ever is a major blow to the credibility of Crown Prince Mohammed bin […]
August 24, 2018

Traders keep bets on Fed interest rate rises as Powell speaks

Traders of short-term interest rate futures on Friday kept their bets the Federal Reserve will raise rates twice more this year after Fed Chairman Jerome Powell […]
August 24, 2018

‘Old’ bull market sputters on while tech inflows slow: BAML

Investors bought back into U.S. stocks this week which set their longest-ever market rally, although risks ahead spurred anxiety over how much longer the ageing bull […]
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