Business

Global equities slid and the dollar firmed on Wednesday after the Federal Reserve pledged to hold interest rates near zero until at least 2023 and keep its bondbuying program in place to stimulate the U.S. economy as part of a dovish policy stance.

The Dow and S&P 500 added to gains on Wednesday after the U.S. Federal Reserve delivered a policy statement that bolstered expectations it will keep interest rates near zero for a prolonged period.

Germany's Deutsche Boerse and Swiss stock exchange operator Six have launched a charm offensive to win the backing of Italian officials before submitting final bids for the Milan bourse, sources familiar with the matter told Reuters.

Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs have now lost a $600 a week boost in their unemployment checks.

Kim Kardashian West, Katy Perry and Leonardo DiCaprio are among celebrities taking part in a 24hour Instagram freeze on Wednesday to protest against what they say is parent company Facebook's failure to tackle violent and hateful content and election misi...

The owner of fashion retailer Zara, Inditex, returned to quarterly profit in the three months from May to July despite a 31% fall in sales as the coronavirus crisis kept consumers away from city centre shopping districts.

Handelsbanken will close almost half of its branches and cut about 1,000 jobs in Sweden over the next two years while using the cost savings to invest in the bank's IT systems, it said on Wednesday.

Ecommerce firm The Hut Group is preparing for its first day of trading on Wednesday after batting away corporate governance concerns to seal the first major British initial public offering since the start of the COVID19 crisis.

Most Asian shares rose on Wednesday, extending a rally driven by upbeat Chinese and U.S. economic data, but the dollar, U.S. yields and gold held steady as investors awaited the Federal Reserve's view on the economy at its policy meeting.

U.S. delivery firm FedEx Corp reported a biggerthanexpected quarterly profit on Tuesday, after price hikes, lower fuel costs and efficiency gains countered negative impacts associated with a pandemicfueled surge in ecommerce shipments.

Argentina's government is working towards a fiscal deficit of 4.5% of gross domestic product in 2021 and an economic rebound of 5.5%, according to a draft budget sent to Congress on Tuesday, ambitious goals as the country battles recession.

Hey West Coast beer lovers, it's pronounced YING-ling.

Under the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN), the government is providing Rs 6,000 per annum in three equal installments to 14 crore farmers. The amount is directly transferred into the bank accounts of the beneficiaries through the direc...

London judges have ruled that some of the world's biggest insurers were wrong to reject tens of thousands of claims from small firms battered by the COVID19 pandemic, Britain's Financial Conduct Authority (FCA) said on Tuesday.

World stocks rose on Tuesday on the back of upbeat Chinese data and optimism about novel coronavirus vaccines, as a struggling dollar kept the hot streaks for the euro and some of the biggest emerging market currencies sizzling.

SoftBank Group Corp paused share repurchases over Aug. 431 ahead of major asset sales announcements, a stock exchange filing showed on Wednesday, in a dropoff in support for the stock after spending 1 trillion yen ($9.4 billion) since March.