Business & Finance News
The Federal Reserve is likely to hold its interest rate hikes on pause for the start of 2019 in order to stabilize markets, given economic growth is set to slow and financial conditions having tightened, Guggenheim Partners Global Chief Investment Officer Scott Minerd said on Wednesday.
Marriott International Inc will relaunch its loyalty program under a new brand name, the company said on Wednesday, as it seeks to undo the damage to its name from a massive cyber attack that led to millions of customer records being stolen.
Bank of America Corp reported fourth-quarter profit that more than tripled from a year earlier, when it took a $2.9 billion charge related to changes in the U.S. tax law.
Brazilian planemaker Embraer SA on Wednesday lowered its revenue projection for 2018 by $300 million, hurt by fewer deliveries of executive jets and a runway testing incident with its new military cargo jet.
BlackRock Inc reported a lower-than-expected quarterly profit on Wednesday, as market volatility towards the end of 2018 prompted investors to pull out money from the world’s biggest asset manager’s actively managed funds.
Marriott International Inc on Wednesday unveiled a new brand name for its loyalty programs, as the hotel chain looks to rebuild its image following a massive cyber attack that led to millions of customer records being stolen.
BlackRock Inc , the world’s biggest asset manager, reported on Wednesday a 60 percent slump in quarterly profit from a year ago when the company booked a more than $800 million gain due to changes in the U.S. tax code.
Ford Motor Co on Wednesday forecast higher profit and revenue in 2019 as global industry sales remain flat.
China must prepare for difficulties this year as the economy faces increasing pressure, state radio on Wednesday quoted Premier Li Keqiang as saying.
China’s overseas investment rose only marginally in 2018 as the yuan weakened and regulators cracked down on deals that were suspected to be skirting controls on moving money out of the country.
The Bank of Japan is expected to cut its inflation forecasts at next week’s rate review, sources say, a sign slumping oil prices and a darkening global economic outlook are heightening challenges for hitting its ambitious 2 percent target.
Oil prices steadied on Wednesday after climbing about 3 percent in the previous session on expectations that OPEC-led production cuts will tighten supply and that possible Chinese stimulus might help the global economy.
China’s central bank injected a record $83 billion into the country’s financial system on Wednesday, seeking to avoid a cash crunch that would put further pressure on the weakening economy.
The European Court of Justice on Wednesday annulled a 2013 European Commission decision that blocked U.S. package delivery company UPS’s planned acquisition of Dutch peer TNT Express, citing a procedural error.
World equity markets on Wednesday rode out the heavy parliamentary defeat for British Prime Minister Theresa May’s Brexit deal, as investors saw potential for legislative deadlock to force London to delay its departure from the EU.
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