Is the Fed ready to consider lifting its inflation target? Years of tepid economic recovery have Fed Chair Janet Yellen and other central bankers considering what was once unthinkable: abandoning decades-long efforts to hold inflation down and allowing price expectations to creep up. In remarks on Wednesday, Yellen called an […]
United Kingdom
May election battering may strain relationship with Trump May election battering may strain relationship with Trump:- President Trump may have just lost the best friend he had in Europe. British Prime Minister Theresa May emerged from national elections damaged and without the mandate she sought. Her efforts to align with Trump may […]
Sterling shaken by UK election shock, fallout limited elsewhere Sterling sagged in Asia on Friday as British elections left no single party with a clear claim to power, sideswiping investors who had already weathered major risk events in the United States and Europe. With the majority of seats counted in […]
Amazon lent $1 billion to merchants to boost sales on its marketplace Amazon.com Inc has stepped up lending to third-party sellers on its site who are looking to grow their business, a company executive said in an interview on Wednesday. The e-commerce giant has doled out more than $1 billion […]
Asian stocks on edge before Comey, ECB and UK election Asian shares wobbled on Thursday as investors braced for any surprises from the UK elections, the European Central Bank's policy meeting and congressional testimony from ex-FBI director James Comey who was fired by President Donald Trump last month. MSCI's broadest […]
Asian stocks wary ahead of risk events this week, dollar struggles Asian stocks inched higher on Wednesday but investors remained noticeably risk averse, with gold and sovereign debt set for a second day of solid gains ahead of several major political and economic events later this week. With UK elections, […]
Apple debuts HomePod speaker to bring Siri into the living room Apple Inc (AAPL.O) on Monday introduced the HomePod, a voice-controlled speaker that can make music suggestions and adjust home temperatures, taking aim at Amazon.com Inc's (AMZN.O) Alexa feature and Echo devices. The move is the first into a completely […]
Dollar hits seven-month low, stocks, oil retreat as caution reigns Escalating tensions in the Middle East, the impending testimony of the former FBI director, British elections and a European Central Bank meeting this week, all took their toll on Asian stocks, oil and the dollar on Tuesday. Oil fell back […]
After London attack, Facebook says aims to be hostile environment for terrorists Facebook said it wanted to make its social media platform a "hostile environment" for terrorists in a statement issued after attackers killed seven people in London and prompted Prime Minister Theresa May to demand action from internet firms. Three […]
Fresh safety concerns hang over global airlines conference A deadly attack in London and debate over travel restrictions in the United States put safety concerns high on the agenda as global airline executives gathered on Sunday for the industry's largest meeting of the year. Alexandre de Juniac, director general of […]
