Month: October 2018

The euro was lifted on Wednesday by reports that Italy plans to reduce its budget deficit over the next three years, but traders said the gains could be fleeting.

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Federal Reserve policymaker Charles Evans said on Wednesday he was comfortable with expectations in financial markets that the U.S. central bank will raise interest rates again in December.

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With the U.S. economy strong, inflation nearly back to the Federal Reserve’s 2-percent goal, and the Fed’s gradual rate hikes likely to begin mildly restraining growth by late next year, it is time to consider how best to fight the next downturn, a U.S. central banker said on Wednesday.

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Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said.

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Tencent Music Entertainment, which owns China’s most popular music apps, has filed for a U.S. IPO seeking funds to develop content and new services, in what is expected to be one of the biggest U.S. listings by a Chinese company this year.

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Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said.

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Renault-Nissan and Daimler may expand their cooperation to battery and autonomous cars technology and mobility services, the companies said on Wednesday.

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The euro bounced off six-week lows on Wednesday, European shares rose and Italian bonds rallied as some of the worries that have rippled across markets this week were soothed by signs Rome was amenable to cutting budget deficits and debt in coming years.

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Facebook Inc’s photo-sharing social network Instagram is back up for some users on Wednesday, after suffering a worldwide outage days after it installed a new head of the app.

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Shares in luxury automaker Aston Martin fell as much as 6.5 percent in its market debut in London on Wednesday after investors and analysts raised concerns that it may find it hard to deliver on an ambitious roll-out of new models.

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Oil traded above $85 a barrel and near a four-year high on Wednesday, supported by expectations that U.S. sanctions on Iran will tighten supply and strain the ability of Saudi Arabia and other producers to pump more.

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Facebook Inc’s photo-sharing social network Instagram was not working on Wednesday for users across several cities, including London, San Francisco and Singapore.

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The euro rebounded on Wednesday after reports that Italy plans to reduce its budget deficit over the next three years, but traders said the rally could be short-lived.

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Shares in luxury carmaker Aston Martin opened flat at the offer price of 19 pounds ($24.70) per share in its London debut on Wednesday.

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Oil prices edged up on Wednesday on expectations of tighter markets once U.S. sanctions target Iran’s petroleum industry from next month, although a strong dollar and rising U.S. crude supply curbed gains.

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