Fed keeps interest rates on hold amid ‘favorable’ economic outlook

Fed keeps interest rates on hold amid ‘favorable’ economic outlook
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year’s presidential election. Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, U.S., December 11, 2019.... Read More

European stocks nudge down as trade deadline looms

European stocks nudge down as trade deadline looms
LONDON (Reuters) – European shares fell on Wednesday as the deadline approached for new U.S. tariffs on Chinese goods and investors awaited the outcome of major central bank policy meetings. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, December 11, 2019. REUTERS/Staff U.S. President Donald Trump has only days to decide whether... Read More

Huawei’s CFO wins Canada court fight to see more documents on her arrest

Huawei’s CFO wins Canada court fight to see more documents on her arrest
(Reuters) – Lawyers for Huawei’s chief financial officer have won a court battle after a judge asked Canada’s attorney general to hand over more evidence and documents relating to the arrest of Meng Wanzhou, according to a court ruling released on Tuesday. FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to appear for a hearing at... Read More

Facebook no longer among Glassdoor’s top 10 workplaces

Facebook no longer among Glassdoor’s top 10 workplaces
FILE PHOTO: Silhouettes of laptop users are seen next to a screen projection of Facebook logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration (Reuters) – Facebook Inc (FB.O) dropped to the 23rd spot in Glassdoor’s list of “Best Places to Work” in 2020 from the seventh it secured last year, amid heightened regulatory scrutiny of the world’s... Read More

Huawei’s CFO wins Canada court fight to see more documents related to her arrest

Huawei’s CFO wins Canada court fight to see more documents related to her arrest
FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to appear in British Columbia supreme court for a hearing, in Vancouver, British Columbia, Canada September 30, 2019. REUTERS/Lindsey Wasson (Reuters) – Lawyers for Huawei’s chief financial officer won a court battle when a judge asked Canada’s attorney general to hand over more evidence and documents relating to... Read More

U.S., Canada and Mexico sign agreement – again – to replace NAFTA

U.S., Canada and Mexico sign agreement – again – to replace NAFTA
WASHINGTON/MEXICO CITY (Reuters) – Top officials from Canada, Mexico and the United States signed a fresh overhaul of a quarter-century-old trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision. The signing ceremony in Mexico City launched what may be the final approval effort for U.S.... Read More

Powell’s ‘half-full’ U.S. glass sturdy but still at risk for spills as Fed meets

Powell’s ‘half-full’ U.S. glass sturdy but still at risk for spills as Fed meets
WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell has taken a glass-half-full view of the U.S. economy but the trouble may be that the glass has gotten smaller and has a few cracks. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on the “Semiannual Monetary Policy Report to Congress”... Read More

U.S., Canada and Mexico reach agreement – again – to replace NAFTA

U.S., Canada and Mexico reach agreement – again – to replace NAFTA
WASHINGTON/MEXICO CITY (Reuters) – Top officials from Canada, Mexico and the United States signed a fresh overhaul of their quarter-century-old regional trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision. The signing ceremony in Mexico City launched what may be the final approval effort for... Read More

Exxon wins climate change lawsuit, as cases over global warming proliferate

Exxon wins climate change lawsuit, as cases over global warming proliferate
(Reuters) – Exxon Mobil Corp on Tuesday scored a win in a closely-watched case after a judge ruled that the company did not hide the true cost of climate change regulation from investors. The case, brought by the New York Attorney General, is one of dozens of lawsuits in the United States brought against oil companies by local and state... Read More