U.S. inflation path since 2012 is worrisome, policymaker says The current level of U.S. prices is noticeably lower than what it would be if the Federal Reserve had delivered on its 2-percent inflation target, St. Louis Federal Reserve President James Bullard said, calling the trend "worrisome." In slides prepared for […]
United States
U.S. oilfield service firms lag shale recovery; old deals hold U.S. oil services companies have been doing a lot more work as recovering oil prices have lifted the shale industry from a two-year slump, but producers have been pocketing much of the new cash generated by rising output and squeezing […]
Oil prices rise in anticipation of extended OPEC-led output cut Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month curb in the first half of this year. Brent crude futures LCOc1 […]
Fed ties rate hike to economic rebound, sees balance sheet cuts in 2017 Federal Reserve policymakers agreed they should hold off on raising interest rates until it was clear a recent U.S. economic slowdown was temporary, though most said a hike was coming soon, minutes from their last policy meeting […]
Lack of new launches leaves Ford playing catchup with GM James Hackett spent the last year plotting Ford Motor Co's long-term self-driving car strategy. In his first week as chief executive, he has more immediate concerns: stopping a skid in North American sales and fending off a market share grab […]
Asian shares hit two-year high after Fed signals gradual tightening Asian shares scaled two-year highs on Thursday while the dollar and U.S. bond yields slipped after the U.S. Federal Reserve signaled a cautious approach to future rate hikes and the reduction of its $4.5 trillion of bond holdings. MSCI's broadest […]
Dollar on defensive after Fed minutes, euro resumes rise The dollar was on the defensive on Thursday after the Federal Reserve dialed down on some of the more hawkish policy expectations in the market, while the euro edged back up toward a 6-1/2-month high. Fed policymakers agreed they should hold […]
Altice U.S. cable growth a priority as it explores wireless ltice USA, the cable operator created from Netherlands-based Altice NV's (ATCA.AS) acquisitions of Cablevision Systems Corp and Suddenlink Communications, considers cable growth a priority as it explores ways to enter the wireless business, company officials said. In April, Altice USA […]
Apple and Nokia see deeper partnership after ending patent dispute Apple has settled a patent dispute with Finnish telecom equipment maker Nokia and agreed to buy more of its network products and services, sending Nokia shares up 7 percent. The deal means Nokia will get bigger royalties from Apple for […]
Trump arrives in Italy to meet Pope Francis, Italian leaders Trump arrives in Italy to meet Pope Francis, Italian leaders:- U.S. President Donald Trump arrived in Italy on Tuesday ahead of meetings with Pope Francis and Italian leaders, on the third leg of his first international trip since taking office. […]
