Fed keeps U.S. rates steady, to start portfolio drawdown in October
WASHINGTON (Reuters) - The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite a recent bout of low inflation.
Fed quietly opens the final chapter of its crisis-era bonds policy
NEW YORK (Reuters) - The Federal Reserve, the world's largest holder of U.S. debt, announced on Wednesday it was edging back from the market and investors barely budged.
Fed to hike U.S. rates again in 2017, balance sheet seen cut to $3 trillion: Reuters poll
NEW YORK (Reuters) - The U.S. Federal Reserve will resume rate hikes in December and raise borrowing costs three more times in 2018, a Reuters poll found on Wednesday.
Wall St. closes slightly higher after Fed policy decisions
NEW YORK (Reuters) - The S&P 500 and the Dow ended slightly higher on Wednesday, adding to their string of closing records, after the Federal Reserve signaled it expects another interest rate hike by year-end and disclosed timing for reducing its balance sheet.
Brazil's Temer says government not considering privatizing Petrobras
NEW YORK (Reuters) - Brazil's President Michel Temer said on Wednesday state-run oil company Petroleo Brasileiro
, a symbol of national sovereignty, would stay in public hands even as his government makes an aggressive privatization push.
Holiday sales forecasts indicate strong growth for retailers
(Reuters) - Early holiday sales forecasts are indicating a largely stronger season for retailers than last year, helped by higher online sales and increasing spending power due to a strong labor market.
Florence declined and London may too, banks warn ahead of May's speech
LONDON (Reuters) - Britain is in danger of losing its place in the financial world much in the same way Florence did after its Renaissance heyday, an industry group warned on Thursday.
Oil up 2 percent despite U.S. crude build; set for best third quarter since 2004
NEW YORK (Reuters) - Oil prices rose nearly 2 percent on Wednesday, despite a rise in U.S. crude inventories, with the market heading for its largest third-quarter gain in 13 years after the Iraqi oil minister said OPEC and its partners were considering extending or deepening output cuts.
Dollar rises as Fed hints at December rate hike
NEW YORK (Reuters) - The dollar rose broadly on Wednesday, hitting a two-month high versus the yen, as the Federal Reserve signaled it may raise interest rates for a third time this year even as inflation has remained below its 2 percent goal.
Tax breaks cost New York $1.2 billion in financial year 2017, half went to film industry
NEW YORK (Reuters) - New York state lost $1.2 billion of revenues from corporate tax breaks in fiscal 2017, with at least half of the total going to the film industry, a Washington watchdog group said on Wednesday.