September 11, 2019

Saudi Aramco gives nine banks top roles on world’s biggest IPO: sources

Saudi Aramco has hired nine banks as joint global coordinators to lead its planned initial public offering (IPO), slated to be the world’s largest, two sources […]
September 11, 2019

OPEC cuts 2020 oil demand forecast, urges effort to avert new glut

OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted […]
September 11, 2019

GM recalls 3.5 million U.S. vehicles due to braking issue

General Motors Co said Wednesday it was recalling 3.46 million U.S. pickup trucks and SUVs to address a vacuum pump issue that could make braking more […]
September 11, 2019

Trump reverses course, seeks negative interest rates for U.S. debt

U.S. President Donald Trump called on the Federal Reserve to push down interest rates into negative territory, a move reluctantly used by other world central banks […]
September 11, 2019

Explainer: How does negative rate policy work?

U.S. President Donald Trump has suggested that the U.S. Federal Reserve drive interest rates into negative territory. He says his motivation was to refinance the U.S. […]
September 11, 2019

Europe orders urgent Airbus helicopter checks after Norway crash

European regulators have ordered immediate checks on recently delivered versions of some Airbus helicopters after a crash in Arctic Norway last month killed five Norwegians and […]
September 11, 2019

Trump urges zero or negative interest rates to tackle U.S. debt

U.S. President Donald Trump on Wednesday said the Federal Reserve should lower U.S. interest rates to “zero or less” to help “refinance our debt” with lower […]
September 11, 2019

Futures flat as trade moves offer mixed signals

U.S. stock index futures were largely flat on Wednesday as easing trade tensions with China did little to sway investors, who are refraining from making heavy […]
September 11, 2019

Investors unwind bearish bets as optimism grows on trade and stimulus

World stocks rose for the sixth straight day on Wednesday and bond prices fell as investors unwound safety bets, encouraged by hopes of a resolution to […]
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