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Drop in U.S. consumer spending clouds Fed rate hike outlook

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

After Nissan ultimatum, Jaguar Land Rover says Brexit must be fair for all

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.

10:00am EDT

Exclusive: China set to export corn, posing new threat to battered global market - sources

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.

10:40am EDT

As Deutsche struggles, European bank rally creates investor dilemma

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.

10:05am EDT

U.S. data to put December rate hike in focus

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.

10:12am EDT

AB InBev to pay SEC $6 million to settle bribery charges

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.

11:07am EDT

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