The rise in co-working spaces like those offered by WeWork may be a source of financial instability that could make the next U.S. recession worse by sparking a run on commercial real estate, Boston Federal Reserve Bank President Eric Rosengren said on Friday.
President Donald Trump told reporters on Friday the United States is making a lot of progress with China, as two of the world’s biggest economies work toward resolving their protracted trade dispute.
An index of global stock markets edged higher on Friday as stimulus measures by major central banks eased worries about growth, especially in Asian markets, while oil headed for its best week since January.
Ryanair pilots based in the United Kingdom have canceled five days of strikes set for this month, as unions and the low-cost airline gear up for further talks.
The U.S. consumer sector is in excellent shape but risks to the economic outlook mean that the Federal Reserve will decide the course of interest rates from one meeting to the next, Fed Vice Chair Richard Clarida said on Friday.
Facebook still aims to launch its Libra digital currency next year, its executive overseeing the project told Swiss newspaper NZZ, as the company presses ahead despite authorities around the world pouring cold water on the plans.
Taiwan is pitching India as a potential business destination to its tech, auto, renewable energy and farm sector firms as the United States’ trade war with China has pushed its companies to look for newer markets, two officials said on Friday.
President Donald Trump told reporters on Friday that the United States is making a lot of progress with China, as two of the world’s biggest economies work toward resolving their protracted trade dispute.
U.S. stocks rose on Friday as an interest rate cut by China’s central bank and signs of co-operation on trade between the world’s two largest economies allayed concerns over global growth.
Commerzbank said on Friday it wanted to cut 2,300 jobs and reduce the number of branches in a strategy overhaul, after the German lender’s attempt to merge with Deutsche Bank failed.
Oil prices were on track for their biggest weekly jump since January, lifted by rising Middle East tensions after a key Saudi Arabian supply hub was knocked out by an attack last weekend.
Ryanair pilots based in the United Kingdom have canceled five days of strikes set for this month, the low-cost airline said on Friday.
Uber is still waiting to see whether its license in London, which expires on Wednesday, will be renewed as the regulator, which previously stripped the taxi app of its right to operate in the city, remains tight-lipped about the decision.
The average interest rate on what the banks charge each other to borrow reserves overnight on Thursday fell below the upper-end of the Federal Reserve’s target range for the first time this week in the aftermath of turmoil in money markets.
Replacing Chinese telecoms equipment would cost European telecom operators about $3.5 billion, a report by industry research firm Strand Consult predicted on Friday, far lower than the figure a lobby group came up with.
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