James Bullard says Fed should cut rates because inverted yield curve is 'not a good place to be'
James Bullard says the Fed should continue to ease monetary policy because of the recession signal being flashed by the bond market.
James Bullard says the Fed should continue to ease monetary policy because of the recession signal being flashed by the bond market.
The Swedish Financial Supervisory Authority (FSA) will publish the conclusions of its probe into alleged money laundering in the Baltics by the beginning of next year, it said on Friday, pushing back the deadline by several months.
Chinese smartphone maker Huawei Technologies said on Friday its business has been less impacted by U.S. trade restrictions than the company had initially feared and it is "fully prepared" to live and work with U.S. sanctions.
World stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether the U.S. central bank remains on course to deliver another interest rate cut in next month.
U.S. electric vehicle maker Tesla Inc is in advanced talks with South Korea's LG Chem Ltd to source batteries for vehicles to be made in its Shanghai plant, a person familiar with the matter said.
A deal in the works for BNP Paribas to assume the prime brokerage operations of Deutsche Bank will involve the transfer of up to 800 people, a person with knowledge of the matter said on Friday.
Thyssenkrupp is in talks with Kloeckner & Co over future cooperation in materials trading, but is not exploring a near-term takeover of the metals firm, three people familiar with the matter said.
Peppa Pig-owner Entertainment One's shares rose more than 30% to a record high on Friday, surpassing the price agreed by the company's board with U.S. toy maker Hasbro Inc in a sign that investors see some chance of a counter offer.
Major fashion companies from around the world said on Friday they had signed a pact which they would present at this week's G7 summit to help protect the environment.
A deal in the works for BNP Paribas to assume the prime brokerage operations of Deutsche Bank will involve the transfer of up to 800 people, a person with knowledge of the matter said on Friday.
UBS Group has hired Huw van Steenis, a former senior adviser to Bank of England Governor Mark Carney, to head investor relations and a new sustainable finance committee at Switzerland's largest bank, it said on Friday.
Shares of Entertainment One rose nearly 30% on Friday, a day after U.S. toy maker Hasbro Inc offered to buy the owner of popular children's television show "Peppa Pig" for about $4 billion in cash.
Luxury TV and speaker maker Bang & Olufsen would listen if approached by a buyer, chairman Ole Andersen told newspaper Borsen, following three earnings warnings this year.
Britain's competition watchdog has ordered Royal Bank of Scotland and Santander to appoint auditors to check how they remind customers affected by payment protection insurance (PPI) mis-selling.
Tesla Inc has agreed to buy batteries from South Korea's LG Chem Ltd for electric vehicles manufactured in China, Bloomberg reported on Friday citing people familiar with the matter.