By Michael S. Derby NEW YORK (Reuters) -Philadelphia Federal Reserve President Patrick Harker said on Thursday he still expects the U.S. central bank to cut interest rates, but added that any sort of imminent move down isn’t needed amid considerable uncertainty over the economic outlook. “I still see us on a downward policy rate path,” …
Fed’s Harker still expects rate cuts but says imminent move not needed Read More »
By Lisa Baertlein (Reuters) -The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers on Wednesday said they reached a tentative deal on a new six-year contract, averting further strikes that could have snarled supply chains and taken a toll on the U.S. economy. The International Longshoremen’s Association (ILA) …
Second US port strike averted as union, employers reach deal Read More »
By Krystal Hu (Reuters) – Iconiq Growth, the venture arm of investment firm Iconiq Capital, has hired cloud-based analytics firm Datadog’s President Amit Agarwal as a general partner in the latest expansion of its leadership team, the company told Reuters. Agarwal joins Iconiq after 12 years at Datadog, a longtime Iconiq portfolio company for Iconiq …
Iconiq Growth hires analytics firm Datadog’s Amit Agarwal in latest expansion Read More »
By Tim Hepher PARIS (Reuters) -European aerospace companies are bracing for “very strong” protectionism in the United States under the administration of President-elect Donald Trump, the head of planemaker Airbus said on Thursday. Speaking to reporters as head of France’s GIFAS aerospace industry association, Airbus CEO Guillaume Faury also said supply chains had yet to …
Aerospace firms gird for protectionism under Trump, Airbus CEO says Read More »
By Sethuraman N R (Reuters) – Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India’s largest field off its west coast, under a decade-long contract, according to block operator Oil and Natural Gas Corp on Thursday. ONGC named BP as its technical service provider on …
BP projects 44% jump in oil output from India’s largest field, ONGC says Read More »
(Reuters) – U.S. private forecaster AccuWeather said on Wednesday that estimated damage and economic loss from the California wildfire, already one of the worst in history, is over $50 billion at a preliminary level. Raging wildfires in Los Angeles killed at least two people, destroyed hundreds of buildings and stretched firefighting resources and water supplies …
Los Angeles wildfire economic loss estimates top $50 billion Read More »
(Reuters) -Top Australian telco Telstra said on Thursday it is collaborating with billionaire Elon Musk’s SpaceX to bring satellite connectivity technology to its regional customers. Telstra has partnered with satellite-based internet provider Starlink to bring the latter’s Starlink-to-Mobile technology to Australia, enabling the U.S. firm to deliver satellite broadband connectivity directly to compatible mobile phones, …
Australia’s Telstra brings home satellite tech with Musk’s SpaceX Read More »
By Shivangi Lahiri (Reuters) – Australia’s Star Entertainment saw its shares plummet as much as 25.6% during trade on Thursday to hit a record low, facing repercussions following its Wednesday announcement on the casino operator’s concerning cash and liquidity position for the December quarter. The embattled Australian casino operator updated markets on Wednesday after trading …
Australia’s Star Entertainment loses shine to hit record low over cash burn concerns Read More »
By Johann M Cherian, Sukriti Gupta and Carolina Mandl (Reuters) -U.S. stocks ended little changed on Wednesday in a session they struggled for a clear direction, as investors digested the impact of two conflicting sets of jobs data and a report that said President-elect Donald Trump was mulling a national economic emergency declaration on inflation. …
Wall Street little changed as investors assess inflation path Read More »
(Reuters) – Wall Street giant Citigroup plans to contribute an as-yet undisclosed sum to President-elect Donald Trump’s inauguration fund, according to a person familiar with the matter, joining fellow major lenders Bank of America and Goldman Sachs. Top donors to Trump’s inauguration fund, which may raise a record-breaking sum, will gain access to Trump and …
Citi plans to donate undisclosed amount to Trump inauguration Read More »
