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Fed seen holding rates steady as inflation watch continues

SAN FRANCISCO The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation.

Recent Business News

Nintendo shares dive as company plays down Pokemon GO's earnings impact

TOKYO Shares in Nintendo Co tumbled as much as 18 percent on Monday after the company said Pokemon GO would have a limited impact on its earnings - their biggest setback so far after a huge run-up on the smash-hit game. | Video

Jul 25 2016

Renewed oil weakness sparks demand fears

NEW YORK U.S. oil prices topped $50 a barrel in June, boosting optimism a two-year price rout might end. Six weeks later, the long hoped for recovery has yet to take hold.

1:23am EDT

Porsche to create more than 1,400 jobs for electric car

STUTTGART, Germany Porsche has raised the number of jobs it will create for the production of its first all-electric sports car to more than 1,400 from more than 1,000 previously, the manufacturer said on Tuesday.

4:17am EDT

Daimler's mytaxi to merge with Hailo to take on Uber

FRANKFURT Daimler's mytaxi said it will merge with British rival Hailo in an all-share deal, creating Europe's largest smartphone-based taxi-hailing business.

Tech, Deals 4:44am EDT

Junk-rated U.S. municipalities shine brighter with record low rates

NEW YORK/CHICAGO Record low interest rates so far have failed to spur a wave of new borrowing in the $3.7 trillion U.S. municipal debt market, with one exception: its weakest borrowers are seizing the opportunity to prop up their finances at costs they can afford.

1:21am EDT

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