WASHINGTON U.S. consumer spending fell in August for the first time in seven months while inflation showed signs of accelerating, mixed signals that could keep the Federal Reserve cautious about raising interest rates.
Banks and central banks
Recent Business News
LONDON Jaguar Land Rover will "realign its thinking" on investment after Britain's vote to leave the EU and if Nissan gets a Brexit compensation deal then other automakers would need a level playing field, Britain's biggest carmaker said.
BEIJING China has given approval to at least two companies to export corn, trading sources said, in a radical move by the world's No. 2 producer to cut its ballooning surplus and unleash more supply into a saturated global market.
LONDON While possibly Europe's biggest "pain trade", fund managers are under pressure to buy banking stocks despite the deep problems of Deutsche Bank and some other lenders in the region.
DUBLIN The limits of central bank largesse are set to be a hot topic in the coming week as global policymakers head to Washington for the annual International Monetary Find meetings and key data may harden the case for a tightening of U.S. monetary policy.
Anheuser-Busch InBev S.A., the world's largest brewer, has agreed to pay $6 million to settle charges that it had violated U.S. foreign bribery laws and "chilled a whistleblower," the U.S. Securities and Exchange Commission said on Wednesday.