But she earned an immediate rebuff from Brussels, where European Council president Donald Tusk insisted that the Withdrawal Agreement struck last November was not open for renegotiation. But the Democratic Unionist Party's Nigel Dodds, whose party backed the amendment tabled by Tory grandee Sir Graham Brady, said it was "utterly reckless to talk in those terms". [Full Article...]
USA stocks surged on Wednesday (Jan 30) after the Federal Reserve said it would be patient in lifting borrowing costs further this year, reassuring investors anxious about a slowing economy. Rates traders cut what little positioning remained for a hike in 2019, and are gaining confidence in a 2020 easing. The economic outlook, however, has become more clouded as a result of recent volatility i... [Full Article...]
China is fighting a major trade dispute at the WTO against US and European Union claims that China is not a "market economy" and therefore that its export prices should not be taken at face value when evaluating whether it is trading fairly. [Full Article...]
Statement drops language used in prior statement that had said committee judged some further gradual increases in Fed funds rate would be appropriate. Analysts said investors were also reassured by the United States central bank's clarification of its plans to shrink its portfolio of bonds and mortgage-backed securities. [Full Article...]
But for all his praise of dialogue, Maduro has been upping the pressure on Guaido as he struggles to retain control of the cash-strapped nation. On Tuesday, Venezuela's Supreme Court-which is loyal to Maduro-imposed a travel ban on Guaido and froze his bank accounts. [Full Article...]
It said it expected to deliver 360,000 to 400,000 vehicles in 2019 - growth of approximately 45% to 65% compared to 2018. Investors heading into Wednesday's results carried concerns about sales for Tesla's higher-priced, more profitable vehicles. [Full Article...]
The first indictment relates to the arrest of Huawei CFO Meng Wanzhou in Canada past year. And the charges come as a Chinese delegation led by China's Vice Premier Liu He arrived in Washington to hold trade talks with the US President, Donald Trump . [Full Article...]
Microsoft's sales numbers were ahead of analysts estimates, EPS was $1.08 against the estimate of $1.09 and the revenue was $32.5 billion against the estimate of $32.49B. Microsoft had 33.3 million Office 365 Subscribers. The biggest highlight from this area was Microsoft's Surface hardware business, which saw revenue increase by 39 percent. [Full Article...]