Fed flags end to balance sheet runoff, patience on rates

Research staff presented options at the meeting for “substantially slowing” the runoff of the Fed’s balance sheet, “at some point over the latter half...

Blown away by innovation or price? Samsung's foldable phone opens new frontier

The South Korean tech giant’s Galaxy Fold resembles a conventional smartphone but opens like a book to reveal a second display the size of...

Global stocks rise on U.S.-China trade hopes; oil up again

Crude prices rose to their 2019 highs helped by output cuts from top producers as well as U.S. sanctions on OPEC members Iran and...

Google's new cloud boss has big task to catch rivals, Reuters data show

Now comes the hard part: winning over big-spending customers. Alphabet Inc’s cloud computing division remains a distant third behind Amazon.com Inc and Microsoft Corp in...

Exclusive: Brazil's Odebrecht to propose bondholder losses of over 70 percent – sources

SAO PAULO (Reuters) - Brazilian conglomerate Odebrecht SA next week will ask its bondholders to accept losses of more than 70 percent from...

Canadian auto union faces Catch-22 in General Motors fight

But when it comes to action, Unifor’s president has been far more circumspect. Dias promised “drastic measures” to compel GM to extend production of sedans...

Volkswagen boss says U.S. tariffs could cost up to 2.5 billion euros: Financial Times

FRANKFURT (Reuters) - The biggest threat to Volkswagen’s 2019 profit is potential tariffs from the United States, Chief Executive Herbert Diess told the Financial...

PG&E extends deadline for board nominations

(Reuters) - PG&E Corp, which filed for bankruptcy last month in the wake of potential liabilities from California’s catastrophic wildfires, on Thursday extended the...

Sony to beef up chip business with new engineers

TOKYO (Reuters) - Sony Corp said on Thursday it will assign 40 percent of its new engineer hires in Japan over the next two...

Exclusive: RWE to win EU okay to buy E.ON, Innogy renewables businesses

BRUSSELS (Reuters) - German utility RWE will win unconditional EU antitrust approval to buy the renewables businesses of E.ON and Innogy in a deal...

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