Dollar and global bonds track surge in Treasury yields, stocks sag
LONDON (Reuters) – A rise in U.S. Treasury yields to their highest levels since mid-2011 pulled global bond yields higher across the board and boosted the dollar on Thursday, while…
Honda to invest $2.75 billion in GM’s Cruise self-driving unit
WARREN, Mich (Reuters) – Honda Motor Co Ltd (7267.T) will invest $2.75 billion in General Motors Co’s (GM.N) Cruise Automation, the second outside multibillion-dollar commitment to the self-driving vehicle unit…
Powell: U.S. outlook ‘remarkably positive’ with low unemployment, tame inflation
BOSTON (Reuters) – U.S. Federal Reserve Chairman Jerome Powell on Tuesday hailed a “remarkably positive outlook” for the U.S. economy that he feels is on the verge of a “historically…
Oil near four-year high as Washington’s Iran sanctions loom
SINGAPORE (Reuters) – Oil markets were firm on Tuesday, with Brent crude holding near four-year highs reached the previous day as markets adjust to the prospect of tighter supply once…
Canadian dollar, stocks rise as NAFTA salvaged
LONDON (Reuters) – Optimism about a reconstituted free trade agreement among the United States, Canada and Mexico and what it could mean for trade relations elsewhere helped world markets kick…
NAFTA talks run up against deadline; U.S. tariffs remain tough issue
OTTAWA (Reuters) – With little time left ahead of a deadline to agree to a renewed NAFTA, Canadian and U.S. trade officials on Sunday tried to settle differences on tough…
GM will recall more than 3.3 million vehicles in China: market regulator
BEIJING (Reuters) – General Motors’ joint venture in China, Shanghai GM, will recall more than 3.3 million Buick, Chevrolet and Cadillac vehicles from Oct. 20 because of a defect with…
Trump rejects Canada leader’s request to meet, unhappy with NAFTA talks
WASHINGTON (Reuters) – 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…
Fed likely to lift rates, possibly end ‘accommodative’ policy era
WASHINGTON (Reuters) – With the Federal Reserve widely expected to raise interest rates on Wednesday, financial markets are focused on whether signs of an acceleration in U.S. economic growth will…
Oil above $80 lifts stocks, offsets trade and bond market chill
LONDON (Reuters) – European shares rose and Wall Street was set for a stronger open on Tuesday, as oil above $80 a barrel lifted energy shares, despite worries around the…