Business & Finance News
Union officials representing 30,000 workers at U.S. oil refineries and chemical plants on Wednesday said they will pursue sizable wage increases and a 3-year contract in coming negotiations.
Oil prices rose by 1 percent on Thursday as investors focused on the prospect of tighter markets due to U.S. sanctions against major crude exporter Iran, which are set to be implemented in November.
Global equities ran out of steam and U.S. bond yields fell after the Federal Reserve raised interest rates as expected, sticking to its script of gradual policy tightening with forecasts of five more rate hikes by 2020.
For Chinese tech giants Alibaba and Tencent, Southeast Asian domestic helpers in Hong Kong may prove key to their global ambitions in financial services.
Oil prices rose on Thursday, lifted by looming U.S. sanctions against major crude exporter Iran.
A group of nine state attorneys general on Wednesday backed AT&T Inc as the Justice Department asks a federal appeals court to reverse approval of the company’s $85.4 billion acquisition of Time Warner Inc.
U.S. President Donald Trump on Wednesday blasted Canada over the slow pace of talks over NAFTA, saying he was so unhappy that he had rejected Canadian Prime Minister Justin Trudeau’s request for a one-on-one meeting.
U.S. President Donald Trump said he rejected Canadian Prime Minister Justin Trudeau’s request for a meeting during the UN General Assembly this week because bilateral North American Free Trade Agreement (NAFTA) talks are going poorly and the United States is unhappy with Canada’s negotiators.
The U.S. Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the U.S. economy would enjoy at least three more years of growth.
Amazon.com Inc on Wednesday said it is opening a general store in New York City that will sell toys, home goods and a range of other products that were highly rated on its website, marking its latest push into brick-and-mortar retail.
President Donald Trump on Wednesday said he was not happy about the Federal Reserve’s decision earlier in the day to raise its benchmark interest rate, but added the increase was a result of a strong economy.
A Wall Street rally collapsed and stocks turned negative shortly before the market close on Wednesday after investors reassessed the Federal Reserve’s policy statement and reduced their risk as they weighed how long the U.S. central bank would continue to raise interest rates.
A rally in U.S. equities fizzled out late on Wednesday, while the U.S. dollar rose, after the Federal Reserve raised interest rates, as expected, and flagged the end of its “accommodative” monetary policy.
Amazon.com Inc on Wednesday said it is opening a store in New York City that will sell products ranging from card games to skillets that are highly rated on its website, in the company’s latest push into brick-and-mortar retail.
A Wall Street rally collapsed late on Wednesday as investors reduced their risk, following a widely expected interest rate hike by the U.S. Federal Reserve.
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