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Stock Selloff Widens After Powell Boosts Expectations of Rate Rises

Stock Selloff Widens After Powell Boosts Expectations of Rate Rises

Global stocks fell after new Federal Reserve Chairman Jerome Powell’s upbeat assessment of the U.S. economy on Tuesday led investors to expect higher interest rates.

Published 3 months ago

The Real Italian Job: Make the Economy More Productive

The Real Italian Job: Make the Economy More Productive

The campaign leading up to Italy’s national elections on March 4 has featured populist promises of largess but neglected what economists have long said is the real Italian disease: The country has forgotten how to grow.

Published 3 months ago

Forecasts for Oil Prices Rise for Fifth-Straight Month

Forecasts for Oil Prices Rise for Fifth-Straight Month

Banks raised their forecasts for oil prices for the fifth month in a row in February, signaling continued confidence that prices will continue to recover as the global supply glut drains due to production cuts.

Published 3 months ago

Is Chinese state behind Geely’s Daimler swoop?

Is Chinese state behind Geely’s Daimler swoop?

Volvo owner quietly builds up stakes as it becomes major force on automotive stage

Published 1 second ago

Xi’s power grab means China is vulnerable to the whims of one man

Xi’s power grab means China is vulnerable to the whims of one man

Autocracy is a risky system, even in a country with a solid bureaucratic tradition

Published 1 second ago

Anbang arrest demonstrates Beijing’s hostility to business

Anbang arrest demonstrates Beijing’s hostility to business

Not all tycoons are equal in China, where capitalists face enduring suspicion

Published 1 second ago

Fraud at Indian bank spurs calls for privatisation

Fraud at Indian bank spurs calls for privatisation

Critics say scam highlights rot in state lenders and need for change

Published 1 second ago

Papa John’s Is No Longer The NFL’s Official Pizza

Papa John’s Is No Longer The NFL’s Official Pizza

Papa John’s International Inc. will no longer be the official pizza of the National Football League, the pizza chain and the league said.

Published 3 months ago

NSA Chief Says Trump Hasn’t Ordered Agency to Disrupt Russian Hacking

NSA Chief Says Trump Hasn’t Ordered Agency to Disrupt Russian Hacking

The head of the National Security Agency told lawmakers that he hadn’t been formally asked by President Donald Trump to take steps to disrupt Russian election hacking activity at its source.

Published 3 months ago

Amazon circles home security market with $1bn Ring deal

Amazon circles home security market with $1bn Ring deal

Agreed purchase will accelerate online retailer’s push into ‘smart home’

Published 1 second ago