Fed likely to raise rates, possibly end ...

Fed likely to raise rates, possibly end 'accommodative' policy era


With the Federal Reserve widely expected to raise interest rates on Wednesday, financial markets are focused on whether signs of an acceleration in U.S. economic growth will prompt the central bank to ramp up the pace of monetary policy tightening.

Ford expands partnership talks with VW and Mahindra to cut costs

With its stock trading near a 6-year low late last month, Ford Motor Co CEO Jim Hackett gathered the automaker's top 300 executives near its headquarters in Michigan for a global leadership meeting.

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Ford CEO says metals tariffs cost company $1 billion

Ford Motor Co Chief Executive Officer James Hackett said on Wednesday that metals tariffs are costing the carmaker $1 billion.

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Health shares prop up Wall Street as banks dip ahead of expected rate hike

Health stocks helped Wall Street edge higher on Wednesday, although banks slipped ahead of a widely expected interest rate hike by the U.S. Federal Reserve.

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Exclusive: Turkey's Erdogan says court will decide fate of detained U.S. pastor

Turkish President Tayyip Erdogan said a Turkish court, not politicians, will decide the fate of an American pastor whose detention on terrorism charges has hit relations between Ankara and Washington.

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Rupert Murdoch's Fox to sell Sky stake to Comcast

Rupert Murdoch's Fox said on Wednesday it would sell its 39 percent stake in Sky to Comcast , the U.S cable giant that outbid it in an auction to take control of the European pay-TV group on Saturday.

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Accuser of Trump's court pick offers statements to back accusation

A woman who has accused President Donald Trump's U.S. Supreme Court nominee, Brett Kavanaugh, of sexual assault will provide senators with sworn statements from four people to corroborate her allegations, her lawyers said on Wednesday.

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Trump says Republicans should have pushed through Kavanaugh sooner

President Donald Trump on Wednesday said U.S. Senate Republicans should have pushed his Supreme Court nominee, Brett Kavanaugh, through the confirmation process sooner but that they have been very respectful of the woman who has accused the judge of sexual assault.

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Exclusive: With six months to go before Brexit, 630 finance jobs have left - Reuters survey

As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain's surprise vote to leave the European Union, according to a new Reuters survey.

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UK faces permanent debate over financial rules after Brexit: lawmaker

Britain faces a permanent debate over whether to copy or diverge from European Union financial rules after Brexit, a top UK lawmaker said on Wednesday in comments likely to prolong uncertainty for banks.

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Oil eases, but Iran sanctions keep prices well above $80 a barrel

Oil prices eased on Wednesday but were still heading for a fifth consecutive quarter of gains, driven by an impending drop in Iranian exports in the last three months of the year when global demand heats up.

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Death of equity keeps stock market bull alive

Amid all the brickbats thrown at one of the longest bull markets in history, the remarkable buoyancy of world equity prices may simply be down to a shortage of shares.

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WhatsApp co-founder Acton flags tensions with Zuckerberg: Forbes

WhatsApp co-founder Brian Acton had disagreements with Facebook Chief Executive Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg over monetization of the messaging service before he left the company, according to an interview with Acton published by Forbes on Wednesday.

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Malaysia's former first lady questioned for more than 11 hours in 1MDB probe

Malaysian anti-graft investigators questioned Rosmah Mansor, the wife of former Prime Minister Najib Razak, for more than 11 hours on Wednesday over a corruption investigation at state fund 1MDB.

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Nike slips as sales outlook dampens investor enthusiasm

Shares of Nike Inc fell 3 percent on Wednesday as the world's largest sportswear maker stuck to its full-year forecast even after sales got a boost from a controversial ad campaign featuring former NFL player Colin Kaepernick.

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Facebook, Google to tackle spread of fake news, advisors want more

Facebook , Google and other tech firms have agreed a code of conduct to do more to tackle the spread of fake news, due to concerns it can influence elections, the European Commission said on Wednesday.

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China leads world stocks in attempt to scale Fed, trade war hurdles

A Chinese equity bounce set a modestly positive tone for world stocks on Wednesday as bets that Beijing would expand stimulus to support its economy helped offset some of the worries about global trade tensions and $80-a-barrel oil.

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Pope asks China to show 'trust, courage and farsightedness' in new relationship

Pope Francis urged China's leaders on Wednesday to move ahead with "trust, courage and farsightedness" after Beijing and the Vatican struck a landmark agreement on the appointment of bishops.

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Pope defends China deal on bishops, says he will have final say on names

Pope Francis on Tuesday defended a landmark deal between the Vatican and China on the appointment of bishops, saying he, and not the Beijing government, will have the final say on who is named.

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In Mexico's shale patch, cartel violence scares off drillers

The oil and gas fracking boom has lured scores of drillers to the Eagle Ford region of South Texas, the second largest U.S. oil patch, as new production technology opened access to billions more barrels.

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