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S&P 500, Nasdaq post best week in more than a year

S&P 500, Nasdaq post best week in more than a year

Weaker-than-expected December U.S. jobs data also could help the Federal Reserve stick to its policy of gradual interest rate hikes in 2018, which would be good for stocks, Baele said. NEW YORK: The S&P 500 and Nasdaq notched their best weekly gains in more than a year on Friday as technology stocks helped lift major […]

December 3, 0001 | By | Reply More
Airbus signs tentative Turkish Airlines A350 deal

Airbus signs tentative Turkish Airlines A350 deal

Turkish Airlines, one of the world’s fastest-growing carriers, is a major customer of both Airbus and its U.S. rival Boeing. PARIS: Airbus Chief Executive Tom Enders signed a non-binding agreement with Turkish Airlines (THYAO.IS) on a potential order for 25 A350-900 aircraft, during an official visit by Turkish president Tayyip Erdogan in Paris on Friday. […]

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Morgan Stanley to take $1.25 billion hit in fourth-quarter from tax bill

Morgan Stanley to take $1.25 billion hit in fourth-quarter from tax bill

It would be offset by $160 million in other positive effects, Morgan Stanley added. NEW YORK: Morgan Stanley said on Friday it would take a $1.25 billion hit in its fourth-quarter earnings due to a cut in corporate tax rate as part of the U.S. tax code overhaul. The net blow of the bill to […]

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Verizon removes Bloomberg TV, refusing to pay carriage fees

Verizon removes Bloomberg TV, refusing to pay carriage fees

Cable and satellite companies have been losing more subscribers, making them much less willing to pay up for television programing that is also available online. NEW YORK: Verizon Communications Inc has pulled Bloomberg L.P.’s news network, Bloomberg TV, from 4.6 million of its pay-TV customers after the financial news provider asked the carrier to pay […]

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Intel downplays fears security patch will slow computers

Intel downplays fears security patch will slow computers

The release cited comments from Amazon.com Inc, Apple Inc, Alphabet Inc’s and Microsoft Corp, which said that they had seen no significant impact to performance after installing the patches. NEW YORK:  Intel Corp downplayed concerns that software updates to address security vulnerabilities in its computer chips will degrade performance of computers as businesses and consumers […]

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Williams paints benign picture of Fed rate hikes, strong US economy

Williams paints benign picture of Fed rate hikes, strong US economy

Median forecasts from Fed officials see three more hikes in 2018 as the tax stimulus, including cuts for corporations and individuals, seeps into the economy. FILE PHOTO – San Francisco Federal Reserve President John Williams speaks to Reuters in San Francisco, California, US on September 27, 2016. REUTERS/Stephen Lam/File Photo PHILADELPHIA: The Federal Reserve should […]

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Vistara CEO: Tata, Singapore Airlines may assess bid for Air India

Vistara CEO: Tata, Singapore Airlines may assess bid for Air India

Several private domestic carriers have expressed an interest in buying the beleaguered airline, which still has about a 13% market share in India, and is the country’s third biggest carrier, according to analysts and government reports. NEW DELHI: India’s Tata Group and Singapore Airlines are open to potentially bidding for the indebted carrier Air India, […]

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In test for Powell, internal groundswell grows to rethink Fed’s inflation approach

In test for Powell, internal groundswell grows to rethink Fed’s inflation approach

The Fed currently has a simple inflation target, setting policy to keep annual inflation at 2% regardless of past performance. PHILADELPHIA: Pressure is building within the Federal Reserve for incoming Chairman Jerome Powell to consider a new strategy for raising US inflation after more than five years of weakness that has baffled the central bank. […]

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Europe casts a wary eye on China’s Silk Road plans

Europe casts a wary eye on China’s Silk Road plans

Known in China as “One Belt One Road”, the plans would see gleaming new road and rail networks built through Central Asia and beyond, and new maritime routes stretching through the Indian Ocean and Red Sea. PARIS: Depending on who you ask in Europe, China’s colossal East-West infrastructure programme is either an opportunity or a […]

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China-backed AIIB may launch US dollar bond by end-June

China-backed AIIB may launch US dollar bond by end-June

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