Author: Reuters

SEOUL (Reuters) – For years, General Motors resisted calls from South Korean officials to cut interest rates it was charging on nearly $3 billion in loans to its loss-making South Korean unit, according to three sources...

NEW YORK (Reuters) – U.S. stocks suffered on Tuesday their biggest daily drops since the selloff three weeks ago after comments from Federal Reserve Chairman Jerome Powell revived fears about more interest-rate increases...

WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell, in his first public appearance as head of the U.S. central bank, vowed on Tuesday to prevent the economy from overheating while sticking with a plan to...

LONDON (Reuters) – U.S. cable giant Comcast Corp has offered $31 billion for Sky Plc , threatening a plan hatched by Rupert Murdoch’s Twenty-First Century Fox Inc and Walt Disney Co to seize control of Europe’s...

WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell, pledging to “strike a balance” between the risk of an overheating economy and the need to keep growth on track, told U.S. lawmakers on Tuesday that...