Jerome Powell inherits Fed rate-hike debate with inflation doubts lingering

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Jerome Powell inherits Fed rate-hike debate with inflation doubts lingering

NEW YORK: The Federal Reserve is getting ready to welcome a new chairman amid doubts and divisions among policy makers about how many times to raise interest rates this year.
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Saudi Aramco Cuts Oil Pricing to US Amid Record-Low Supply

Saudi Arabia cut February pricing for most of its crude sales to the U.S. for a second month even as the world's largest oil exporter ships record-low volumes to American buyers in an effort to help trim a global glut.
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Trump's Threat to Sue Ex-Aide Rings Hollow to Legal Experts

Bloomberg's Kevin Cirilli discusses President Trump's war of words with former chief strategist Steve Bannon. Donald Trump's unusual bid to muzzle his one-time top strategist is a flimsy legal gambit that could bring deeper complications for the president if he chooses to pursue it, according to legal
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Deutsche Bank Sees 22% Trading Drop as Low Volatility Bites

Deutsche Bank AG said fourth-quarter trading revenue slumped about 22 percent because of persistent low volatility in markets and muted client activity, underscoring Chief Executive Officer John Cryan's challenges in turning around the lender. The bank, in a statement on Friday, also said it will
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Brazil Presidency Risks Petering Out as Ministers Jump Ship

A Bloomberg survey found that 14 of the 28 members of cabinet plan to leave the government in the next few months, including the ministers of … Agriculture Minister Blairo Maggi and Foreign Minister Aloysio Nunes Ferreira told Bloomberg that they would leave their posts to run for the Senate by the
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