NEW YORK — World shares rose on Thursday and the U.S. dollar edged lower, a day after minutes from the U.S. Federal Reserve’s May meeting indicated the central bank would remain flexible and might pause rate hikes later in the year. Read More
WASHINGTON — The United States will not block China from growing its economy, but wants it to adhere to international rules, Secretary of State Antony Blinken said on Thursday in a long-awaited speech on U.S. strategy to address China’s rise as a great power. Read More
Broadcom Inc said on Thursday it will acquire cloud computing company VMware Inc in a $61 billion cash-and stock deal, the chipmaker’s biggest and boldest bid to diversify its business into enterprise software. Read More
Creating an official digital version of the U.S. dollar could help ensure financial system stability as crypo-assets and digital currencies developed by other countries become increasingly popular, Federal Reserve Vice Chair Lael Brainard said on Wednesday. Read More
WASHINGTON — The U.S. budget deficit will shrink dramatically to $1.036 trillion for fiscal 2022 from $2.775 trillion last year as a strong recovery prompts a surge in revenues and lower outlays, but slowing growth will start to reverse the trend, the Congressional Budget Office said on Wednesday. Read More
NEW YORK — Global shares rose on Wednesday after notes from the U.S. Federal Reserve’s early May meeting showed a strong likelihood that the world’s most powerful central bank will approve two more half-percentage-point rate hikes in coming months. Wall Street ended higher as investors were heartened by the fact that policymakers at the Fed […]
WASHINGTON — “Significant issues remain” in reaching a deal with China over a long-running dispute around auditing compliance of China-based companies listed on U.S. stock exchanges, a U.S. Securities and Exchange Commission (SEC) official said on Tuesday. Read More
The U.S. Food and Drug Administration said on Tuesday it would allow the release of about 300,000 cans of EleCare amino acid-based infant formula by Abbott Laboratories. Read More
JPMorgan Chase & Co lifted its forecast for interest income and affirmed its profitability target at its investor conference on Monday, sending its stock 6% higher despite persistent questions about how much more it will spend on its businesses. Read More
BERLIN — The European Union will likely agree an embargo on Russian oil imports “within days,” Germany’s economy minister said on Monday, but making a dent in Russia’s war chest may require capping global oil prices. Read More