WASHINGTON: Federal Reserve Chairman Jerome Powell said on Wednesday (Oct 30) the latest interest rate cut was designed to buoy the US economy but he confirmed that the central bank is unlikely to move again unless the situation deteriorates. The FOMC lowered the policy interest rate by 25 basis ......
South Korean carrier Air Premia announced on Wednesday a provisional deal to buy five Boeing 787-9 Dreamliner jets worth US$1.4 billion at list prices, becoming the latest new airline to enter the highly competitive low-cost, long-haul market.
Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November to raise up to US$15 billion, after political unrest in the Asian financial hub put the move on ice earlier this year, people familiar with the matter said on Wednesday.
WASHINGTON: The US Justice Department is close to a deal with fugitive financier Jho Low to recover almost a billion dollars that was misappropriated from Malaysian investment fund 1MDB, Bloomberg reported on Wednesday (Oct 30), citing a source familiar with the matter. Low faces charges in the ...
WASHINGTON: The US Federal Reserve cut its benchmark interest rate for the third straight time on Wednesday (Oct 30) but the central bank is divided, with two of the 10 voting members dissenting. And the Fed's policy-setting Federal Open Market Committee made a key change in the wording of its...
NEW YORK: General Electric reported mixed third-quarter results on Wednesday (Oct 30) in its industrial businesses and cited progress in a turnaround effort as the company works to reduce debt. The industrial giant, which has struggled for more than two years with a weak power market and more ...
General Motors Co said on Wednesday President Mark Reuss would now oversee North America, South America, China and international regions.
Citigroup Inc plans to compete on fewer foreign exchange platforms to win business from clients, Financial Times reported earlier on Wednesday, citing sources familiar with the matter.
BRUSSELS: The European Union's Brexit negotiator Michel Barnier said the bloc will only give as much access to its single market to Britain after Brexit as is justified by London ensuring that EU rules and standards are preserved. READ: Britain kicks off election battle over Brexit READ: EU's ...
SINGAPORE: Singapore Post (SingPost) is set to cease doorstep deliveries for small packages via registered mail, as it seeks to increase operational efficiency amid the e-commerce boom. Under changes announced by the national postal services provider on Wednesday (Oct 30), SingPost will from Dec 2 ...
