U.S. producer prices unexpectedly rose in August and underlying producer inflation rebounded, but the data on Wednesday did not change financial market expectations that the Federal Reserve will cut interest rates again next week to support a slowing economy.
Saudi Aramco has hired nine banks as joint global coordinators to lead its planned initial public offering (IPO), slated to be the world’s largest, two sources familiar with the matter told Reuters on Wednesday.
OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted the need for ongoing efforts to prevent a new glut of crude.
European regulators have ordered immediate checks on recently delivered versions of some Airbus helicopters after a crash in Arctic Norway last month killed five Norwegians and their Swedish pilot.
U.S. stocks opened higher on Wednesday as China’s move to ease tensions with the United States assuaged some concerns about the ongoing trade war between the world’s two largest economies.
U.S. President Donald Trump has suggested that the U.S. Federal Reserve drive interest rates into negative territory. He says his motivation was to refinance the U.S. government’s $22 trillion in outstanding debt and lengthen the amount of time over which it is repaid.
U.S. President Donald Trump called on the Federal Reserve to push down interest rates into negative territory, a move reluctantly used by other world central banks to battle weak economic growth as it punishes savers and banks’ earnings in the process.
Huawei Technologies [HWT.UL] plans to issue two tranches of bonds worth 3 billion yuan ($422 million) each, the first time it is tapping the onshore yuan bond market, the Chinese technology giant said in regulatory filings on Wednesday.
Wall Street was set to open marginally higher on Wednesday as China’s move to ease tensions with the United States assuaged some concerns about the ongoing trade war between the world’s two largest economies.
General Motors Co is recalling 3.46 million U.S. pickup trucks and SUVs to address a vacuum pump issue that could make braking more difficult and increase the risk of a crash.
Huawei Technologies said in regulatory filings on Wednesday that it plans to issue two tranches of 3 billion yuan ($422 million) bonds, each with three-year maturities.
Britain will make a decision soon about whether to allow Huawei equipment to be used in its 5G networks but China must play by the rules if it gets access to Western markets, Defense Secretary Ben Wallace said.
Hong Kong Exchanges and Clearing made an unsolicited $39 billion takeover bid for the London Stock Exchange , an offer contingent on the LSE ditching its planned acquisition of data company Refinitiv.
U.S. President Donald Trump on Wednesday said the Federal Reserve should lower U.S. interest rates to “zero or less” to help “refinance our debt” with lower interest costs and a longer term, and blamed the central bank’s chief for missing a “once in a lifetime opportunity.”
U.S. stock index futures were largely flat on Wednesday as easing trade tensions with China did little to sway investors, who are refraining from making heavy bets ahead of the Federal Reserve’s decision on interest rates next week.
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