The Federal Reserve cut interest rates on Wednesday, but the head of the U.S. central bank said the move might not be the start of a lengthy campaign to shore up the economy against risks including global weakness.
Major U.S. banks lowered their benchmark rates for a wide range of consumer and commercial loans on Wednesday, following a rate cut from the Federal Reserve.
Asian shares were set to open significantly lower on Thursday as the U.S. Federal Reserve poured cold water on market expectations of a lengthy easing cycle after delivering a 25-basis-point cut.
Asian shares fell to six-week lows on Thursday and the dollar rose after the U.S. Federal Reserve delivered a 25-basis-point rate cut as expected but poured cold water on market expectations of a lengthy easing cycle.
Australian flag carrier Qantas Airways Ltd said it had no plan to cut its stake in Alliance Airlines, after the competition regulator raised concerns over its acquisition of 19.9% in its rival.
An attorney for the state attorneys general who filed a lawsuit in hopes of stopping T-Mobile U.S. Inc's $26 billion merger with Sprint Corp has requested a new trial date for the case.
Meat alternatives company Beyond Meat Inc said on Wednesday a secondary offering of 3.25 million new shares would be priced at $160 per share, an 18.6% discount to the stock's closing price.
Brazilian miner Vale SA on Wednesday said it swung to a quarterly loss as the company announced more than $2 billion in fresh writedowns related to two deadly dam bursts suffered by the company over a period of less than four years.
British education company Pearson Plc on Thursday said it has notified customers of a data breach that resulted in unauthorized access to about 13,000 school and university accounts, mainly in the United States.
An attorney for a group of 13 state attorneys general who filed a lawsuit in hopes of stopping T-Mobile U.S. Inc's $26 billion merger with Sprint Corp has requested a new trial date for the case.
Oil prices fell more than $1 on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of rate cuts and Sino-U.S. trade talks ended without progress.
Asian shares fell to six-week lows on Thursday while the dollar jumped to two-year highs as the U.S. Federal Reserve poured cold water on market expectations of a lengthy easing cycle following a 25 basis-point rate cut.
Australian casino giant Crown Resorts issued full-page newspaper ads on Thursday describing recent media reports that alleged it pressured officials to fast-track visas for Chinese gamblers as a "deceitful campaign".
Asian factory activity contracted further in July, fuelling worries that a Sino-U.S. trade war and a slowdown in China could tilt the world toward a global recession, which central banks will have to fight with depleted ammunition.
Amazon.com Inc is in exploratory talks with Reliance Industries Ltd-owned Reliance Retail for buying up to 26% stake in India's biggest brick-and-mortar retailer, the Economic Times (ET) reported (https://economictimes.indiatimes.com/industry/services/retail/amazon-may-shop-for-stake-in-reliance-retail/articleshow/70474456.cms) on Thursday.