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Powell's Fed to show policy caution, shun political friction

WASHINGTON Jerome Powell heads for his first interest rate increase as Federal Reserve Chairman this week with an unanswered question looming above others: could his optimism about the U.S. economy lead to more hikes than markets have prepared for?

Recent Business News

German finance minister 'seriously worried' about U.S. trade stand-off

BERLIN German Finance Minister Olaf Scholz is "seriously concerned" about a trade stand-off with the United States, he told mass-selling daily newspaper Bild.

4:18am EDT

Cracking the co-working code in commercial real estate

NEW YORK Real estate brokers scoff that just a fraction of U.S. office space is occupied by co-working and other flexible workspace options, yet data shows over one-quarter of new leases signed in the past two years came from this burgeoning business.

1:08am EDT

Relationship goals: Ford tries to rebuild trust with China partners

BEIJING After 20-odd years of "marriage" in China, Ford Motor Co is having relationship issues.

2:17am EDT

Societe Generale hopes for resolution to Libor, Libya inquiries within weeks

PARIS Societe Generale SA said on Monday that it hoped to resolve "within weeks" U.S. investigations into alleged Libor rigging and transactions made by the French bank involving Libyan counterparts.

4:01am EDT

Singapore fines Standard Chartered entities $4.9 million for money laundering breaches

SINGAPORE Singapore's central bank imposed penalties of S$5.2 million ($3.95 million) on Standard Chartered Bank (SCBC) and S$1.2 million on Standard Chartered Trust (Singapore) (SCTS) for breaching money laundering rules and terrorism financing safeguards.

5:24am EDT


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