Britain’s car plants will produce fewer vehicles than expected this year, in a “worrying” development for a sector already suffering falling car sales at home and a public backlash against diesel vehicles.
A number of the Federal Reserve’s policymakers signalled in their latest meeting that they were preparing to lift rates again, even as a divided body of US rate-setters continued to agonise about the risks posed by persistently soggy inflation.
The Bank of Mexico has cut its 2017 growth forecast after lifting it twice this year as the devastating earthquakes and hurricanes that lashed the country in the third quarter took their toll on the economy.
A number of the Federal Reserve’s policymakers signaled in their latest meeting that they were preparing to lift rates again, even as a divided body of US rate-setters continued to agonise about the risks posed by persistently weak inflation.
Deere & Co shares plowed ahead to a fresh record high on Wednesday after the US tractor maker forecast strong sales and earnings for the coming fiscal year as it benefits from the rebound in global demand for farming equipment.
The Nasdaq Composite and Russell 2000 briefly touched fresh all-time highs on Wednesday in an otherwise flat market as investors await the minutes of the Federal Reserve’s November monetary policy meeting and digested a fresh batch of earnings.
One of the government’s flagship policies intended to fix the country’s “broken housing market” will drive up house prices and mainly benefit those who already own property, according to the government’s independent fiscal watchdog.
Shares in British housebuilders whipsawed as the chancellor outlined a series of new measures to fix the UK’s “broken housing market” in his first Autumn budget, including a slash to stamp duty for first-time buyers.
British chancellor Philip Hammond has promised to clamp down on digital companies’ approach to tax with a series of measures that tax experts have described as a “game changer” for the technology giants.