The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year Wednesday in a widely expected move meant to sustain a decadelong economic expansion, but gave mixed signals about what may happen next.
Federal Reserve cuts key policy rate for 2nd time this year, with promise to 'act as appropriate' to sustain expansion
When it previously met in late July, the Federal Reserve cut its benchmark interest rate for the first time since America’s financial system stood on the edge of collapse more than a decade ago.
U.S. stocks fell Monday on global growth worries after weekend attacks on Saudi Arabia’s crude facilities hit 5 percent of the world’s supply, but a sharp jump in crude prices lifted beaten-down energy stocks and kept losses in check. The attack sent oil prices up more than 20 percent before easing as various nations said they would tap emergency reserves to ensure stable supplies.
The U.S. president said Federal Reserve Chairman Jerome Powell’s job was safe even though he was “not thrilled” with the central bank after it moved to lower...
The trade war between the United States and China has plunged global growth to its lowest levels in a decade, the OECD said Thursday as it slashed its...
Lisa Batitto, 54, said she had virtually stopped buying clothes ever since she started renting them.
The euro rocketed to a 17-day high against the dollar Friday as German government bond yields surged on the back of investors thinking the European Central...
After 56 years of banking services, Jammal Trust Bank finally closed the curtains on all its operations Thursday after the U.S. Treasury accused the small...
A rally in Lebanon’s Eurobonds will prove short-lived if the country’s government can’t get serious about reforms that are needed to claim Saudi Arabian aid.
Not everyone agrees that interest-rate cuts are warranted in the U.S., but monetary easing by the Federal Reserve is making looser policy possible where it’s...
Saudi Arabia, the world’s biggest crude exporter and a powerhouse of the oil refining industry, is scouring global fuel markets for cargoes in the wake of...
The London Stock Exchange emphatically rejected the Hong Kong bourse’s $39 billion takeover offer Friday, opting to stick with its planned purchase of data...
U.S. President Donald Trump Wednesday called on the “boneheads” at the Federal Reserve to push interest rates down into negative territory, a move reluctantly...
The European Central Bank promised an indefinite supply of fresh asset purchases and cut interest rates deeper into negative territory Thursday, an effort to...
Global oil demand is weathering economic headwinds, the International Energy Agency (IEA) said Thursday, buoyed by lower prices brought on by abundant supply...
Apple Inc. caught up with hardware rivals Tuesday by revealing a triple-camera iPhone, and it rolled out a streaming TV service priced at $5 a month,...
Prince Abdul-Aziz bin Salman is the first member of the Saudi royal family to be appointed to the all-important role of energy minister but he faces the same...
A British demand for supermarkets to prepare for a potentially chaotic no-deal Brexit by stockpiling food is stoking anger in the industry, with bosses saying...
China’s trade with the United States is falling as the two sides prepare for negotiations with no signs of progress toward ending a tariff war that threatens...
With Samsung Electronics Co. finally launching its troubled Galaxy Fold, success for the $1,980 luxury handset may be measured not in how many it ships, but...
China’s central bank said Friday it was cutting the amount of cash that banks must hold as reserves for the third time this year, releasing 900 billion yuan...
U.S. private employers boosted hiring in August, suggesting the economy continued to grow at a moderate pace despite trade tensions that have stoked financial...
Nissan Motor Co. was embroiled in another scandal over executive pay Thursday after Chief Executive Hiroto Saikawa admitted to being overpaid in violation of...
The biggest oil exporter is stepping up its efforts to become a major force in natural gas.
The surgeon usually takes responsibility for whatever happens inside the operating room.
British Airways pilots put forward a new contract proposal and pledged to call off a planned walkout if management returns to the bargaining table.
Incoming European Central Bank head Christine Lagarde is defending the bank’s record low rates and other stimulus measures as she prepares to take over with...
A worst-case no-deal Brexit would inflict less severe damage on Britain’s economy than previously thought because of preparations undertaken since the end of...
The United States’ trade deficit narrowed slightly in July, but the gap with China, a focus of the Trump administration’s “America First” agenda, surged to a...
British Finance Minister Sajid Javid said he was “turning the page on austerity” as he promised the biggest spending increases in 15 years, a move widely seen...
Sterling sank to a three-year low below $1.20 Tuesday as Prime Minister Boris Johnson’s implicit threat to lawmakers to support him on Brexit or face...
U.S. President Donald Trump Tuesday warned he would be “tougher” on Beijing in a second term if trade talks dragged on, compounding fears that ongoing trade...