Stocks slip, dollar drifts after Fed cools rate cut bets
LONDON (Reuters) – The dollar nursed overnight gains while Europe’s share markets struggled early on, after the U.S. central bank dampened bets that it might be readying its first interest…
U.S. Fed sees no strong case for hiking or cutting rates
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and…
S&P 500 posts high, extends 2019 rally; Alphabet falls late
NEW YORK (Reuters) – The S&P 500 set an intraday record high on Monday, bolstering the view that the decade-long bull market has further to run, after consumer spending rose…
China’s Xi touts more than $64 billion in Belt and Road deals
BEIJING (Reuters) – President Xi Jinping on Saturday hailed deals worth more than $64 billion signed during China’s Belt and Road Initiative (BRI) this week as he sought to reassure…
Trump pressed Japan’s Abe to build more vehicles in the U.S.
U.S. President Donald Trump meets with Japan’s Prime Minister Shinzo Abe in the Oval Office at the White House in Washington, U.S., April 26, 2019. REUTERS/Kevin Lamarque WASHINGTON (Reuters) –…
Volkswagen plans electric vehicle plant with JAC in China: local government
BEIJING (Reuters) – German automaker Volkswagen AG’s joint venture with China’s Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06 billion yuan ($750.8 million) in a new electric car factory…
U.S. existing home sales fall more than expected in March
WASHINGTON (Reuters) – U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains. FILE…
New North American trade deal modestly boosts U.S. economy, trade panel finds
WASHINGTON (Reuters) – The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in…
Daimler to launch electric compact SUV in 2021: CEO
Mercedes logos are seen ahead of the Shanghai Auto Show, in Shanghai, China April 15, 2019. REUTERS/Aly Song SHANGHAI (Reuters) – Daimler plans to launch an electric compact sport utility…
Trump on China trade spat: ‘We’re going to win either way’
U.S. President Donald Trump speaks during a tour of Nuss Truck & Equipment in Burnsville, Minnesota, U.S., April 15, 2019. REUTERS/Carlos Barria BURNSVILLE, Minn. (Reuters) – President Donald Trump said…