U.S. stocks rose on Wednesday, with each of the major indexes closing at a record high, as expectations grew that the Federal Reserve would take a more dovish turn as a raft of data provided more evidence of a slowing economy.
High above Stockholm’s skyline, Sweden’s EQT Partners is plotting the next chapter in its rapid rise from a Nordic-focused investor to the world’s seventh-biggest buyout firm, with a focus on growth in the Asia Pacific region.
Canada’s Canopy Growth Corp fired founder and co-Chief Executive Officer Bruce Linton, a surprise move that comes just a week after the weed producer’s largest shareholder expressed disappointment over its loss-making streak.
German prosecutors are escalating a money laundering inquiry involving Deutsche Bank , including planned raids on wealthy former clients, a person with direct knowledge of the matter told Reuters.
Oil prices were steady on Wednesday ahead of a U.S. holiday, after a steep fall the previous session when worries about a slowing global economy outweighed a decision by OPEC and allies to extend crude output cuts.
Deutsche Bank is preparing to unveil a sweeping, multi-billion euro overhaul within days that would see the axe fall heaviest on investment bankers, sources familiar with the matter said on Wednesday.
The timescale for a possible stock market listing of UK supermarket group Asda, by its U.S. parent Walmart , is two to three years, Asda’s boss said on Wednesday.
Boeing Co on Wednesday said it would give $100 million to organizations to help families affected by the deadly crashes of the company’s 737 MAX planes in Indonesia and Ethiopia.
The horizon for a possible initial public offering (IPO) and stock market listing of UK supermarket group Asda by its U.S. parent Walmart is two to three years, Asda’s boss said on Wednesday.
Britain’s competition regulator has launched an investigation into the power wielded by Facebook and Google in digital advertising markets, including the ownership of data.
The S&P 500 index hit a record high on Wednesday, led by defensive sectors, as bets of an interest rate cut rose on fears of a slowing global economy due to simmering trade tensions.
The U.S. trade deficit jumped to a five-month high in May as imports of goods increased, likely as businesses restocked ahead of an increase in tariffs on Chinese merchandise, overshadowing a broad rise in exports.
Record low bond yields in Europe and the expectation of further interest rate cuts by central banks worldwide helped push global stock market indices higher Wednesday as the benchmark U.S. S&P 500 hit another record high.
The S&P 500 index hit a record high at the open on Wednesday, boosted by healthcare stocks, as bets of an interest rate cut were spurred by fears of a slowing global economy due to simmering trade tensions.
The U.S. trade deficit jumped to a five-month high in May as imports of goods increased, likely as businesses restocked ahead of an increase in tariffs on Chinese merchandise, overshadowing a broad rise in exports.
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