Qatar Airways reverses decision to buy into American Airlines

Qatar Airways will not proceed with its proposed financial investment in American Airlines Group Inc, reversing an earlier decision to build a stake of up to 4.75 percent in the U.S. carrier, according to a Reuters report monitored by Businessamlive. “Further review of the proposed financial investment, taking into account the latest public disclosure of […]

US Fed faces prospect of global monetary policy tightening

Prospects for tighter monetary policy in Europe and other countries could pose a fresh problem for the Federal Reserve when it meets next week to ponder its plan to reduce its $4.2 trillion bond portfolio purchased after the 2008 financial crisis. The Fed bought U.S. Treasuries and mortgage-backed securities (MBS) for about six years in […]

BlackRock CEO Fink sees U.S. falling short of 3 percent growth

BlackRock Inc Chief Executive Larry Fink on Monday said it will be hard for the United States to reach the 3 percent annual growth target set by President Donald Trump. Fink has repeatedly sounded a cautious note on the economy this year even as stock markets have risen, citing uncertainty over the restructuring of U.S. […]

Wall Street turns lower on Trump Jr emails

U.S. stocks swung lower on Tuesday after President Donald Trump’s eldest son released an email chain, which referred to a top Russian government prosecutor as offering the Trump campaign damaging information about Democratic rival Hillary Clinton. “The Crown prosecutor of Russia … offered to provide the Trump campaign with some official documents and information that […]