A broad index of world stock markets edged higher on Wednesday while the U.S. dollar fell as comments from Federal Reserve Chairman Jerome Powell bolstered expectations for an interest rate cut from the U.S. central bank this month.
Anadarko Petroleum Corp has joined major U.S. oil producers shutting production and withdrawing staff from offshore platforms in the U.S. Gulf of Mexico ahead of a storm threatening oil-producing areas.
U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns were addressed.
Oil prices jumped 3% on Wednesday after U.S. crude inventories shrank more than expected and as major producers evacuated rigs in the Gulf of Mexico ahead of an expected storm.
Deutsche Bank shareholders will quiz Chief Executive Christian Sewing on how he plans to deliver on revenue growth targets during a global roadshow to win their backing for a 7.4 billion euro ($8.4 billion) 'reinvention' of the lender.
Dagmar Valcarcel, a legal expert, will join Deutsche Bank's supervisory board, German newspaper Handelsblatt said on Wednesday without naming its sources.
Federal Reserve Chairman Jerome Powell was asked by Congress on Wednesday whether the recent strong U.S. jobs report changed his perspective on reducing federal interest rates.
Federal Reserve Chair Jerome Powell said Wednesday he would not resign if President Donald Trump asked him to.
Federal Reserve Chairman Jerome Powell says Facebook's cryptocurrency project raises serious concerns.
Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co and Bunge Ltd for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said.
Think your homeowners insurance will adequately cover your dwelling during a hurricane? You could be wrong. Here's how to prepare your house and your wallet for a disaster.
Federal Reserve Chairman Jerome Powell on Wednesday set the stage for the first U.S. interest rate cut in a decade later this month, pledging to 'act as appropriate' to defend an economic expansion threatened by trade disputes and a global slowdown.
Federal Reserve Chairman Jerome Powell came to Capitol Hill on Wednesday with two goals: cementing the case for an interest rate cut at the end of this month, and bolstering his own Congressional wall of protection against a president who has made a daily habit of Fed bashing unseen since the 1970s.
Powell told Congress that he doesn't think a return to the gold standard in the U.S. would be a good idea.
Exxon Mobil Corp on Wednesday said it has removed non-essential staff from three U.S. Gulf of Mexico platforms, but expected a storm forming in the Gulf to have little effect on its oil and gas production.