The U.S. Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher.
The Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued U.S. job gains and economic growth and held out hope that weak inflation will edge higher.
British Prime Minister Theresa May fired her defense minister on Wednesday over a leak of discussions in the National Security Council about Chinese telecoms company Huawei, the latest of her allies to be ousted from government.
The United States and China are nearing a trade deal that would roll back a portion of the $250 billion in U.S. tariffs on Chinese goods, Politico reported on Wednesday after U.S. Treasury Secretary Steven Mnuchin said the two countries completed "productive" talks in Beijing.
The U.S. Federal Aviation Administration on Wednesday said it was mandating new flight control software and parts to Boeing Co's 787 Dreamliner to address what it called an unsafe operating condition of certain products on the plane.
Traders of U.S. short-term interest rate futures began trimming bets the Federal Reserve will cut rates before the end of the year after Fed Chairman Jerome Powell said the U.S. central bank is comfortable with its current stance and sees no strong case to shift it.
Boeing Co on Wednesday named a new senior adviser to Chief Executive Officer Dennis Muilenburg and the board of directors as the world's largest planemaker faces its biggest crisis in years after two deadly crashes of its 737 MAX.
Dave Brailsford is accustomed to answering awkward questions and the man who masterminded Britain's rise as a cycling powerhouse was at it again as Team Sky transformed into Team INEOS on Wednesday.
Global equities advanced on Wednesday for a fourth straight day of gains after the U.S. Federal Reserve held rate steady as expected and as Apple's strong results eased concerns about earnings growth.
