U.N. seeks new host for climate talks after Chile withdraws
The United Nations is seeking a new host for this year's round of climate talks in December after Chile withdrew as raging street protests grip the South American country.
The United Nations is seeking a new host for this year's round of climate talks in December after Chile withdrew as raging street protests grip the South American country.
Chile withdrew on Wednesday as the host of an APEC summit next month at which the United States and China had been expected to sign a deal to ease trade tensions hurting the global economy, as raging street protests gripped the South American country.
Former Exxon CEO Rex Tillerson took the stand on Wednesday in week two of New York's case against the oil giant, which accuses the company of deceiving investors about the true cost of climate change.
Data shows that when the third interest rate cut was the last cut in a series, stocks got a healthy boost in the following year.
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U.S. short-term interest rate futures on Wednesday pared earlier gains after the Federal Reserve cut interest rates for a third time this year and signaled it would pause to assess any further need to ease policy.
The U.S. Treasury yield curve flattened on Wednesday after the Federal Reserve cut interest rates for the third time this year, but signaled that monetary easing could be on hold going forward.
Costa Rica's government said on Wednesday it defers to Chile, the United Nations Framework Convention on Climate Change and member states on how to proceed with the United Nations global climate change summit, COP25.
U.S. Treasury Secretary Steven Mnuchin said on Wednesday that it will take time for Chinese purchases of U.S. agricultural goods to "scale up" to the $40 billion to $50 billion annual level touted by President Donald Trump if the two sides can seal a "Phase 1" trade deal.
For everyday Americans, the Fed's decision to cut rates again could mean cheaper loans, but consumers will earn less interest on their savings.
On a nonadjusted basis, and including certain accounting charges, GE still lost $9.5 billion in the quarter.
General Electric Co posted adjusted profits on Wednesday that beat analysts' estimates and wowed investors by promising $1 billion more cash this year than it had previously forecast, sending its shares sharply higher.
Chile withdrew on Wednesday as the host of an APEC summit next month at which the United States and China had been expected to sign a deal to ease a trade war that has hurt the global economy, as raging street protests gripped the South American country.
The Federal Reserve on Wednesday cut interest rates for the third time this year to ensure the U.S. economy weathers a global trade war without slipping into a recession, but signaled it will leave borrowing costs where they are unless things take a material turn for the worse.
U.S. stocks firmed slightly and yields on Treasuries gyrated in narrow ranges on Wednesday after the Federal Reserve lowered interest rates for the third time this year, while signaling it might pause its easing cycle.