Fed's balance sheet plan, economic outlook under microscope
WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday is expected to hold interest rates steady, shave the number of hikes projected for the rest of the year, and release long-awaited details of a plan to end the monthly reduction of its massive balance sheet.
Stakes rise for Boeing as EU, Canada step up scrutiny of 737 MAX after crashes
ADDIS ABABA/PARIS/WASHINGTON (Reuters) - Europe and Canada said they would seek their own guarantees over the safety of Boeing's 737 MAX, further complicating plans to get the aircraft flying worldwide after they were grounded in the wake of two accidents killing more than 300 people.
Oil majors rush to dominate U.S. shale as independents scale back
EDDY COUNTY, NEW MEXICO (Reuters) - In New Mexico's Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will allow it to ride out the industry's notorious boom-and-bust cycles.
Stock futures muted as investors await Fed outlook
(Reuters) - U.S. stock futures were little changed on Wednesday as investors waited for more clarity on the Federal Reserve's interest rate outlook for the year, while some trade worries still lingered.
EU regulators fine Google 1.49 billion euros for blocking advertising rivals
BRUSSELS (Reuters) - EU antitrust regulators handed down a 1.49 billion euro ($1.69 billion) fine to Alphabet unit Google on Wednesday for blocking rival online search advertisers, marking the company's third penalty in two years.
Counting the cost: Nissan unpicks Ghosn legacy of 'high-handedness' and 'wrongdoings'
YOKOHAMA, Japan (Reuters) - In September 2007, despite weighty responsibilities at the helm of Nissan Motor Co and alliance partner Renault SA, Carlos Ghosn found time to get involved in a seemingly straightforward business decision.
Trial of former Nissan boss Ghosn's expected to start in September: NHK
TOKYO (Reuters) - The trial of former Nissan Motor Co boss Carlos Ghosn on charges of under-reporting his salary is expected to start in Tokyo in September, Japan's public broadcaster NHK said on Wednesday.
Japan government downgrades economy view as U.S.-China trade war bites
TOKYO (Reuters) - Japan's government downgraded its assessment of the economy in March for the first time in three years, blaming a bruising U.S.-China trade war for slumping exports and industrial output.
FedEx falls on 2019 forecast cut, multiple brokerages lower price target
(Reuters) - Shares of FedEx Corp fell about 7 percent before the bell on Wednesday after the package delivery company cut its 2019 profit forecast for the second time blaming slowing global trade growth and continued weakness in its international Express business.
Volkswagen's Skoda Auto: cannot repeat 2018 pay hikes in new round of bargaining
MLADA BOLESLAV, The Czech Republic (Reuters) - Volkswagen's Czech unit Skoda Auto does not expect to repeat the strong wage growth agreed in 2018 again in the latest round of collective bargaining, a board member said on Wednesday.