[ad_1] JERUSALEM (Reuters) – Global financial bodies including the International Monetary Fund (IMF) and World Bank plan to be present at a U.S.-led conference on the Palestinian economy this month that the Trump administration has
Corrected: IMF warns U.S.-China tariffs to slash global growth in 2020
[ad_1] International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas (Corrects to say tariffs could lead to 0.5% reduction in
Bidders scramble to break up British Steel ahead of June 12 deadline: sources
[ad_1] LONDON (Reuters) – Steelmakers and private equity are working on proposals for only parts of the collapsed British Steel pending a June 12 deadline for binding bids, sources close to the process said. FILE
Microsoft, Oracle team up on cloud services in jab at Amazon
[ad_1] (Reuters) – Microsoft Corp and Oracle Corp on Wednesday said they reached an agreement to make their two cloud computing services work together with high-speed links between their data centers, targeting big business users
Oil slides on U.S. inventory build, equity rally caps losses
[ad_1] LONDON (Reuters) – Oil prices resumed their slide on Wednesday, dragged down after an unexpected gain in U.S. inventories, but with losses capped by a recovery in global equities on hopes of a rate
Norsk Hydro core profit better than expected despite cyber attack
[ad_1] OSLO (Reuters) – Norsk Hydro reported an 82% fall in first-quarter underlying profit on Wednesday as the Norwegian aluminium producer grappled with a curb on its output in Brazil and the impact of a
Global stocks gain in Fed’s cheery slipstream, dollar subdued
[ad_1] LONDON (Reuters) – Global stocks gained for a third straight day on Wednesday, bolstered by investors’ growing hopes that the Federal Reserve might cut interest rates this year to boost a slowing global economy,
BMW and Jaguar Land Rover to jointly develop electric car components
[ad_1] FRANKFURT (Reuters) – BMW and Jaguar Land Rover on Wednesday said they will jointly develop electric motors, transmissions and power electronics, unveiling yet another industry alliance designed to lower the costs of developing electric
Volkswagen to invest up to 4 billion euros in digital transformation
[ad_1] The logo of German carmaker Volkswagen is seen at the Volkswagen (VW) automobile manufacturing plant in Puebla near Mexico City September 23, 2015. REUTERS/Imelda Medina/Files BERLIN (Reuters) – Volkswagen will invest up to 4
Gold firms near three-month peak as Fed rate cut expectations grow
[ad_1] (Reuters) – Gold prices edged higher on Wednesday, holding near the three-month high it touched in the previous session, as the dollar weakened on rising prospects of a rate cut by the U.S. Federal