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Fed policymakers see rate hikes, blurring dove-hawk divide

JACKSON HOLE, Wyo. (Reuters) – Increasing consensus at the Federal Reserve on the need to continue raising U.S. interest rates was on display at the start of a global central bankers meeting here, as the longstanding distinction between so-called policy hawks, centrists and doves blurs in the face of falling unemployment. The…

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Asian shares fall as U.S. tariff deadline on China looms

SYDNEY (Reuters) – Asian shares slipped on Thursday as a deadline loomed for fresh U.S. tariffs on China and amid speculation U.S. President Donald Trump’s political position could be threatened by the legal woes of two former advisers. FILE PHOTO: A man walks in front of a screen showing today’s movements of…

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U.S., China impose further tariffs, escalating trade war

BEIJING/WASHINGTON (Reuters) – The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of the other’s goods. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly Song/File Photo The latest round brings to $50…

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Bombardier names Danny Di Perna as aerospace COO

(Reuters) – Bombardier Inc (BBDb.TO) on Wednesday appointed Danny Di Perna as its aerospace unit’s chief operating officer. The logo of Bombardier is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo Di Perna, who most…

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Saudi energy minister denies Aramco IPO will be called off

CAIRO (Reuters) – Saudi Arabia’s energy minister denied a Reuters report that state oil giant Aramco’s initial public offering will be called off, in a statement issued early on Thursday. FILE PHOTO: Saudi Energy Minister Khalid al-Falih attends a session of the St. Petersburg International Economic Forum, Russia May 25, 2018. REUTERS/Sergei…

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