A decade after the Fed dropped its policy rate to near zero, the full impact and import of the move is still not clear. But that decision to move to zero changed how the Fed works today.
Business & Financial News, U.S & International Breaking News
New Brexit vote would 'break faith' with British, says May
Prime Minister Theresa May will state her opposition to a second Brexit referendum on Monday, telling parliament such a vote would "break faith" with British people and do "irreparable damage" to politics.
Japanese electronics firms look to re-engineer their design mojo
Akihiro Adachi, a 31-year-old audiovisual equipment designer at Panasonic Corp, longed for some personal space during his lengthy train rides from Osaka to Tokyo. So when his company set out to encourage innovation, he joined with some colleagues and came up with "Wear Space," a headset that limits noise and peripheral vision.
Israel signals displeasure at Australia's 'mistaken' West Jerusalem move
Israel signalled displeasure on Sunday with Australia's recognition of West Jerusalem as its capital, with a confidant of Prime Minister Benjamin Netanyahu saying it was a mistake to gainsay Israeli control over the whole city.
Pemex aims for splash in shallow waters, retreats from the deeps
Mexican state-run oil giant Petroleos Mexicanos will focus on existing shallow water assets and refining next year at the expense of riskier, deepwater projects under a new government that has vowed to turn around the ailing company.
Uber welcomes, unions criticize UK plan to maintain flexible gig economy
Uber Technologies Inc welcomed on Monday the British government's response to a review into workplace rights, which looks set to preserve the business models of gig economy companies, but unions rubbished the business ministry's plans.
'All I want for Christmas is democracy,' say Hungary protesters
Thousands of Hungarians thronged the streets of Budapest on Sunday in the fourth and largest protest in a week against what they see as the increasingly authoritarian rule of right-wing nationalist Viktor Orban.
Exp: Dec 18
Exp: Dec 18
Exp: Dec 18
An Australian government lawmaker on Monday resigned from Cabinet over a media report he used a website to meet a younger woman while on a Hong Kong work trip -- overshadowing the government posting the best financial outlook in 10 years.
Have a news tip?
Reuters provides several ways to securely and confidentially share information and materials with our journalists.LEARN MORE ››