Business

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Slack soars in market debut

Slack, the fast-growing workplace messaging and communication platform, opened at a price of $38.50 per share on the New York Stock Exchange, Thursday. Jillian...
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S&P 500 hits record after Fed signals rate cuts

World stock markets surged on Thursday, with the U.S. benchmark S&P 500 hitting a record high as investors digested a signal from the Federal...
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Bank of England chops Q2 growth view as global and Brexit...

The Bank of England cut its growth forecast for Britain's economy to zero in the second quarter of 2019 on Thursday and highlighted risks...
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Fed's Powell plans to serve entire term, despite Trump

Federal Reserve Chair Jerome Powell says 'the law is clear' and that he fully intends to serve his 4-year term amid reports that President...
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Delivery Hero shares soar as Asians snap up takeaways

Shares in Delivery Hero soared Thursday after the firm said sales were better than expected, especially in Asia. Julian Satterthwaite reports. Peoples are using these...
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When the winemaker wore a wet suit: Spain's $100 subsea tipple

For many discerning drinkers, the walk down stone steps into a cool, dark cellar is an essential part of visiting a winery, but an...
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Airbus says it will seek to overturn Boeing megadeal

Airbus says it was never given a chance to offer its planes before IAG agreed a 200-unit megadeal with Boeing this week. Now the...
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Stocks up, dollar, bond yields down on Fed rate cut signal

World stock markets rose on Thursday after the U.S. Federal Reserve signalled it was likely to cut interest rates next month, and the dollar...
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Deutsche Bank faces investigation for possible money-laundering lapses: New York Times

U.S. federal authorities are investigating whether Deutsche Bank AG complied with laws meant to stop money laundering and other crimes, the New York Times...
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Trump replaces Obama-era power plant rule

The Trump administration finalized a new carbon emissions rule for U.S. power plants on Wednesday that it said could cut pollution without damaging the...
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Fed likely to cut rates twice this year – Forrest

The Federal Reserve held interest rates steady Wednesday, but Bokeh Capital's Kim Forrest tells Reuters' Fred Katayama she sees two rate cuts coming this...
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Wall Street rises on Fed rate cut

The S&P 500 approached its record high Wednesday after the Federal Reserve signaled it could cut interest rates later this year. Fred Katayama reports. Peoples...
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The Federal Reserve gets ready for possible rate cuts

Under pressure to lower interest rates, the Federal Reserve gave its strongest signal yet that it is preparing to possibly cut rates later this...
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Trump awards Medal of Freedom to economist Arthur Laffer

U.S. President Donald Trump on Wednesday awarded the Presidential Medal of Freedom to the "father" of supply-side economics, Arthur Laffer, famous for the "Laffer...
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UK economy: inflation eases but Brexit gloom gathers

Britain's inflation rate cooled in May but a survey shows factory orders slid in June against a backdrop of stoppages in car production. David...
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Sully tells Congress 737 MAX pilots should get simulator training

Chesley "Sully" Sullenberger, who in 2009 landed a U.S. Airways flight safely on the Hudson River in New York, told a congressional panel on...
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Apple mulls moving some production from China

Apple has asked its major suppliers to assess the cost implications of moving 15-30% of their production capacity from China. Fred Katayama reports. Peoples are...
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Scandal-hit Steinhoff says it will suffer more in 2019

Steinhoff International warned of the lingering damage from a massive accounting scandal after the South African retail group reported a $1.3 billion annual loss,...

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