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Powell to Face Questions on Direction of Fed Policy at Senate Hearing

Powell to Face Questions on Direction of Fed Policy at Senate Hearing

Jerome Powell will face questions Tuesday about what direction he plans to take Federal Reserve policy in the years ahead, as the Senate Banking Committee holds a hearing on the Fed governor’s nomination to be the next leader of the central bank.

Published 6 months ago

Oil Prices Chase $60 After a Year of Surging Demand

Oil Prices Chase $60 After a Year of Surging Demand

The price of oil in the U.S. has climbed to levels not seen since 2015, as unexpectedly strong global growth has helped soak up a supply glut that plagued the market for years.

Published 6 months ago

BoE tells banks to hold extra £6bn buffer beyond Brexit

BoE tells banks to hold extra £6bn buffer beyond Brexit

Measure designed to prepare lenders for ‘material’ macroeconomic risks

Published 6 months ago

Shell to Pay Its Dividend in Cash in Latest Sign of Health for Big Oil Companies

Shell to Pay Its Dividend in Cash in Latest Sign of Health for Big Oil Companies

Royal Dutch Shell said it would begin paying its dividend only in cash, a fresh sign that big oil companies are trying to reward investors after struggling with three years of falling oil prices.

Published 6 months ago

Airbus Taps New Sales Chief, as Leahy Heads for Exit

Airbus Taps New Sales Chief, as Leahy Heads for Exit

Airbus is kicking off a new era in its battle against Boeing, naming Eric Schulz, a top executive at engine supplier Rolls-Royce Holdings, to become its​next airliner sales chief.

Published 6 months ago

SoftBank to Offer to Buy Uber Shares at Roughly 30% Discount

SoftBank to Offer to Buy Uber Shares at Roughly 30% Discount

SoftBank has told stakeholders in Uber that it will initially offer to buy shares at a nearly 30% discount to the company’s most recent valuation of $68 billion.

Published 6 months ago

Auto Executives Meet With Pence on Nafta Concerns

Auto Executives Meet With Pence on Nafta Concerns

Top executives from Detroit’s auto makers met with Vice President Mike Pence in Washington Monday, reiterating concerns that potential changes to Nafta could disrupt the industry’s intricate supply chains.

Published 6 months ago