[ad_1] WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell worked hard to strengthen ties with Congress during his first year as head of the U.S. central bank, doubling the pace of meetings with lawmakers over
Wall Street rises after Trump stirs China trade hopes again
[ad_1] NEW YORK (Reuters) – Wall Street’s three major indexes ended higher on Monday but well below the session’s highs after President Donald Trump said he would delay a planned hike in tariffs on Chinese
Amazon appoints Indra Nooyi to board
[ad_1] FILE PHOTO: CEO of PepsiCo Indra Nooyi speaks at the Bloomberg Global Business Forum in New York City, U.S., September 20, 2017. REUTERS/Brendan McDermid (Reuters) – Amazon.com Inc said on Monday it named former
Barrick CEO defends $18 billion hostile Newmont bid as logical tie-up
[ad_1] HOLLYWOOD, Fla. (Reuters) – Barrick Gold Corp’s chief executive defended the world’s largest gold producer’s hostile $18 billion bid for Newmont Mining Corp, saying on Monday the deal is “logical” for an industry battling
Oil falls three percent after Trump again blames OPEC for ‘too high’ prices
[ad_1] NEW YORK (Reuters) – Oil futures sank more than 3 percent on Monday after U.S. President Donald Trump said OPEC should ease its approach on boosting crude prices, which he said were “getting too
Palladium hits record high on strike threat; gold steady
[ad_1] (Reuters) – Palladium hit a new record high on Monday as the threat of strikes in the South-African mining industry exacerbated a supply deficit for the metal, while gold held steady as the dollar
Brazil’s economy almost ground to a halt in fourth quarter: Reuters poll
[ad_1] BRASILIA (Reuters) – Sluggish consumer and business spending, uncertainty surrounding the country’s new far-right president and slowing global growth led to a sharp slowdown in Brazilian economic growth in the fourth quarter, a Reuters
GE chief Culp sells biopharma business for $21.4 billion
[ad_1] (Reuters) – Shares of General Electric Co surged more than 15 percent on Monday after the industrial conglomerate said it would sell its biopharma business to Danaher Corp for $21.4 billion, its first major
Buffett, the Oracle of Omaha, backtracks on Oracle, the company
[ad_1] (Reuters) – The Oracle of Omaha, Warren Buffett, admitted on Monday he knew less than he thought about Oracle Corp, the company overseen by fellow billionaire Larry Ellison. FILE PHOTO: Oracle Corp Chief Executive
Warren Buffett says Berkshire overpaid for Kraft Heinz
[ad_1] (Reuters) – Warren Buffett said on Monday that his Berkshire Hathaway Inc overpaid in the 2015 merger that created Kraft Heinz Co, but he had no plans to flee the struggling packaged foods company.