Global stocks struggle, dollar gains ahead of Fed decision European stock markets retreated from 20-month highs and the dollar inched up on Wednesday as investors pondered the chances of another rise in U.S. interest rates next month ahead of the Federal Reserve's May statement. Since December, the U.S. central bank […]
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AIG's investors, awaiting CEO plan, uneasy ahead of results For nearly two months, American International Group Inc (AIG.N) has planned to replace its chief executive but a successor has yet to be named, creating a void that has fueled investor concern about the insurance company's future. AIG reports its first-quarter […]
How two cutting edge U.S. nuclear projects bankrupted Westinghouse In 2012, construction of a Georgia nuclear power plant stalled for eight months as engineers waited for the right signatures and paperwork needed to ship a section of the plant from a factory hundreds of miles away. The delay, which a […]
Public investments in Trump-operated hotel set dangerous precedent: U.S. senators U.S. President Donald Trump is flirting with unparalleled violations of the Constitution by not divesting himself from a hotel management company that benefits financially from public pension fund investments, according to two Democratic U.S. senators. Reuters exclusively reported on April […]
Trump administration set to replace top banking regulator Thomas Curry: WSJ The Trump administration plans to replace Comptroller of the Currency Thomas Curry as chief overseer of federally chartered banks, the Wall Street Journal reported on Monday. The change, which could happen as soon as this week, could lead to […]
Fed set to leave interest rates unchanged, may hint at June hike The U.S. Federal Reserve is expected to hold interest rates steady at its meeting this week as it pauses to parse more economic data but may hint it is on track for an increase in June. The central […]
Strong earnings power global shares higher Stocks rose in Europe and Asia on Tuesday after technology industry shares hit record highs on Wall Street and investors focused on strong corporate earnings while shrugging off weaker-than-expected Chinese factory activity data. European stock markets opened higher after the May 1 holiday, reflecting […]
Asian equities edge up as Japan outperforms, dollar regains traction Asian stocks shook off a sluggish start and edged up on Monday, with Japan outperforming on upbeat earnings, while the dollar regained traction as the U.S. government looked likely to avoid a shutdown. MSCI's broadest index of Asia-Pacific shares outside […]
Japan final April PMI shows manufacturing activity accelerating, export orders solid Japanese manufacturing activity expanded at a stronger pace in April than the previous month as export orders increased, a revised survey showed on Monday, suggesting firms' output remains on track to rise thanks to overseas demand. The Final Markit/Nikkei […]
UPS air maintenance workers threaten strike ahead of shareholders meeting A union representing 1,200 U.S. air maintenance workers at United Parcel Service Inc (UPS.N) turned up pressure on the company on Sunday to settle a three-year contract dispute, saying it would seek clearance to strike. The union is taking its […]
