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The Federal Funds rate will need to rise as high as 3.5% by the end of the year but what follows after that is far less certain, New York Federal Reserve president John Williams said on Friday. “Getting to something Read more
U.S. auto safety regulators have opened a special investigation into a fatal pedestrian crash in California involving a 2018 Tesla (TSLA.O) Model 3 where an advanced driver assistance system is suspected of use. The National Highway Traffic Safety Administration (NHTSA) Read more
Three organisations have filed a criminal complaint to federal prosecutors in Switzerland, alleging a failure to exercise due diligence at UBS (UBSG.S) in relation to funds they say were received by an alleged associate of former Congolese president Joseph Kabila. Read more
The fundamental outlook for commodity prices is strong with inventories of metals and energy continuing to fall from low levels, Goldman Sachs said, terming a recent price pullback as longer-term buying opportunities. Commodities markets have been oversold, de-linking with supply-demand Read more
The U.S. Securities and Exchange Commission (SEC) has sought wider disclosures from Citigroup Inc (C.N) related to the hit it expects to take from the Russia-Ukraine conflict, the bank said in a regulatory filing on Friday. In a letter dated Read more
Another blowout jobs number will likely stiffen resolve at the Federal Reserve for a three-quarter-point interest rate increase at the central bank’s July meeting, as the welcome news of a still-strong job market clashes with concern that it will eventually Read more
Europe’s Airbus (AIR.PA) posted flat first-half deliveries on Friday as it struggles to convert rising production plans into handovers to airlines amid tight global supply chains. The world’s largest planemaker said it delivered 60 commercial airplanes in June, bringing the Read more