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 […]
August 24, 2018

Siemens denies report it may cut 20,000 jobs

German engineering giant Siemens said a report by monthly Manager Magazin that it could cut 20,000 jobs as part of its Vision 2020+ strategy was “completely […]
August 24, 2018

Gap shares tumble as flagship brand shows no sign of recovery

Shares of Gap Inc fell 8 pct in premarket trading on Friday, a day after the company’s namesake brand posted another bigger-than-expected drop in comparable sales, […]
August 24, 2018

UniCredit, SocGen decline to comment on tie-up report

UniCredit and Societe Generale declined to comment on a report that Italy’s biggest bank was working with a senior Rothschild banker to advise it on a […]
August 24, 2018

Stock futures higher, Powell speech in focus

U.S. stock index futures rose on Friday, as investors awaited a speech from Federal Reserve Chair Jerome Powell for clues on the direction of monetary policy. […]
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