Fed seen cutting rates next week and then hitting pause button

Washington: Federal Reserve officials will signal they’re likely to take a break from cutting interest rates after lowering them again next week, according to a majority of economists surveyed by Bloomberg. In an October 21-24 poll of 40 economists, 85 per cent said they anticipate the Federal Open Market Committee will reduce rates by a […]

Google, Facebook, Netflix face possible digital tax in Turkey

Ankara: Alphabet Inc’s Google, Facebook Inc and Netflix Inc are in the tax crosshairs again — this time in Turkey. The country’s governing party has pulled together a draft law, seen by Bloomberg, that seeks to impose levies on revenues generated in Turkey by local and international digital services companies, without specifically naming the US […]

France’s Renault signals potential dividend cut amid worsening markets

Paris: Renault SA hinted at a potential reduction in its dividend, after the French carmaker followed up on last week’s profit warning with a cut to the global auto market outlook. The manufacturer now expects global demand to shrink by 4 per cent this year, compared with a previous forecast for a decline of 3 […]