While you were sleeping: Fed leaves rates steady
By Margreet Dietz Jan. 28 (BusinessDesk) - Wall Street was mixed, as disappointing earnings from Boeing and Apple offset a rally in oil prices, while the US Federal Reserve policy makers said they expect to lift interest rates at a “gradual” pace. “The Committee is closely...
While you were sleeping: Hopes for oil deal
By Margreet Dietz Jan. 27 (BusinessDesk) - Better-than-expected earnings such as from 3M and Siemens as well as a rebound in oil prices helped bolster equities on both sides of the Atlantic. Oil prices surged amid optimism about the potential for a deal to reduce the global...
While you were sleeping: Oil weighs on equities, again
By Margreet Dietz Jan. 26 (BusinessDesk) - Equities on both side of the Atlantic moved lower with the price of oil as Iraq added to the global supply glut, bolstering the appeal of safe-haven investments such as US Treasuries and gold. Oil dropped as Iraq's oil ministry tol...
While you were sleeping: ECB, China signal support
By Margreet Dietz Jan. 22 (BusinessDesk) - Equities on both sides of the Atlantic rebounded after European Central Bank president Mario Draghi as well as China’s Vice President Li Yuanchao flagged a readiness to support economic growth and financial markets. Draghi suggest...
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