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U.S. stocks tumble on Fed tightening plans
U.S. stocks declined sharply on Wednesday after the Federal Reserve’s forecast of fewer interest-rate increases in 2019 fell short of investors’ hopes of a more dovish monetary policy.
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Business News
Fed hikes interest rates, slows future tightening path
The U.S. Federal Reserve raised interest rates on Wednesday and said it was keeping the core of its plan to tighten monetary policy intact even as central bank officials said they would likely slow the pace of further rate increases next year.
Business News
Wall St. turns negative after Fed press conference
U.S. stocks fell on Wednesday after the Federal Reserve’s forecast of fewer interest-rate increases in 2019 fell short of investors’ hopes of a more dovish monetary policy.
Business News
Instant View: Stocks sink after Fed raises rates, Powell comments on balance sheet
U.S. stock markets tumbled on Wednesday, reversing a morning rally after the U.S. Federal Reserve delivered an expected interest rate hike but signaled its tightening cycle is nearing an end in the face of financial market volatility and slowing global growth.
Business News
El Sharara oilfield to reopen, Libyan government says
Libya’s biggest oilfield, El Sharara, will reopen, the country’s internationally recognized government said on Wednesday after Prime Minister Fayez al-Sarraj flew there to persuade protesters to end a blockage.
Business News
Exclusive: Exxon Mobil secured U.S. hardship waiver from biofuels laws – sources
The U.S. Environmental Protection Agency granted oil major Exxon Mobil Corp a financial hardship waiver this year temporarily freeing its Montana refinery from U.S. biofuel laws, three sources familiar with the matter told Reuters.
Business News
Payments company Square to re-apply for a bank license
Square Inc , the payments company led by Twitter Inc chief executive Jack Dorsey, is refiling its application with U.S. state and federal regulators for a bank license, the company said on Wednesday.
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U.S. to lift sanctions on Oleg Deripaska’s Rusal and En+ in 30 days
The U.S. Treasury will lift sanctions on aluminum giant Rusal , its parent company En+ , and another firm tied to Russian businessman Oleg Deripaska, it said in a statement on Wednesday.
Business News
Fed raises U.S. rates, signals tightening cycle nearing end
The U.S. Federal Reserve raised interest rates on Wednesday, as expected, but forecast fewer rate hikes next year and signaled its tightening cycle is nearing an end in the face of financial market volatility and slowing global growth.
Business News
Libya’s government says El Sharara oilfield reopened after PM’s visit
Libya’s government of national accord said on Wednesday El Sharara oilfield had reopened following the visit of Libya’s internationally recognized Prime Minister Fayez al-Sarraj to the field.
Business News
Global stocks dip after Fed decision
Global equity markets gave up earlier gains on Wednesday after the U.S. Federal Reserve announced another interest rate hike and said “some” further rate hikes would be necessary in the year ahead.
Business News
Shell forms joint venture to produce offshore wind energy in New Jersey
EDF Renewables North America said on Wednesday it had formed a joint venture with oil and gas firm Royal Dutch Shell plc’s new energies division to co-develop a lease area for offshore wind energy in New Jersey.
Business News
S&P 500 pares gains, Nasdaq turns negative after Fed statement
U.S. stocks pared gains on Wednesday, with the Nasdaq index turning negative, after the Federal Reserve raised interest rates but forecast fewer rate hikes for 2019.
Business News
Fed lifts rates, now sees ‘some further’ hikes ahead
The U.S. Federal Reserve raised interest rates on Wednesday, as expected, but forecast fewer rate hikes next year and signaled its tightening cycle is nearing an end in the face of financial market volatility and slowing global growth.
Business News
Another technical tweak as Fed wrestles to control policy rate
The U.S. Federal Reserve continued its quiet battle to keep a firm grip on its policy rate on Wednesday by again narrowing the gap between the effective ceiling and floor that keeps it contained.