March 20, 2019

Trump says tariffs on Chinese goods may stay for ‘substantial period’

U.S. President Donald Trump warned on Wednesday that the United States may leave tariffs on Chinese goods for a “substantial period” to ensure that Beijing complies […]
March 20, 2019

U.S. fund Elliott battles the odds in latest showdown with Hyundai

The showdown between U.S. activist hedge fund Elliott Management and Hyundai Motor Group is set to come to a head on Friday when shareholders gather to […]
March 20, 2019

Levi Strauss valued at $6.6 billion as IPO prices above target

Levi Strauss & Co fetched a higher price than expected in its initial public offering (IPO) on Wednesday, selling $623.3 million in shares as the U.S. […]
March 20, 2019

Fed sees no rate hikes in 2019, sets end to asset runoff

The U.S. Federal Reserve on Wednesday brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this […]
March 20, 2019

Boeing, FAA officials called to testify in U.S. Senate on 737 MAX plane crashes

Boeing Co faced growing pressure in Washington on Wednesday with U.S. lawmakers calling for executives to testify about two crashed 737 MAX jets even as the […]
March 20, 2019

U.S. Senate panel to first grill FAA, then Boeing after fatal crashes

A U.S. Senate panel plans a hearing on March 27 on aviation safety after two fatal Boeing 737 MAX 8 aircraft crashes since October, and said […]
March 20, 2019

Banks stifle Wall Street rally following dovish Fed statement

The S&P 500 and the Dow ended lower on Wednesday as interest rate-sensitive financial stocks dragged down the indexes after the U.S. Federal Reserve affirmed a […]
March 20, 2019

Fed sees no rate hikes in 2019, plans balance sheet reduction slowdown

The Federal Reserve took a sharply less aggressive policy posture on Wednesday, signaling it will not hike interest rates this year amid a slowing economy and […]
March 20, 2019

With 737 MAX grounded, airlines face daily scheduling challenges

U.S. and Canadian airlines that fly the roughly 175-seat aircraft face a logistical challenge: which flights to cancel and which to cover with other planes following […]
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