Federal Reserve Chairman Jerome Powell on Monday stressed the importance of an independent central bank “absolutely free” from politics in the wake of increasing pressure from President Donald Trump urging the central bank to lower interest rates.
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Samsung Electronics said on Tuesday its operating profit for the three months that ended in September likely dropped by more than half from a year ago. Operating profit for the third quarter is expected at 7.7 trillion Korean won ($6.43 billion), down 56.17% …
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A former senior BlueScope Steel executive is facing the prospect of jail time over an alleged attempt to rig steel prices on a global scale. Key points: Jason Ellis has been charged with two counts of inciting the obstruction of a Commonwealth official; Criminal …
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Topline: Southwest airline’s pilots union is suing Boeing over the grounding of its 737 MAX aircraft, alleging that the company misled pilots about the safety of the 737 MAX and that its grounding resulted in more than $100 million in lost wages. The Southwest …
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TAIPEI, Taiwan — The Hong Kong Stock Exchange will no longer proceed with its nearly $37 billion offer to buy its London competitor, it announced on Tuesday morning, in a setback for the exchange’s long-running effort to build a closer connection to …
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