European businesses have the most to lose from renewed US sanctions against Iran, analysts said Wednesday, with massive sums at stake for some of the continent’s big names.
Nearly three fourths of American manufacturing firms and half of services companies expect the tariffs imposed by the US and China will increase prices, and a large share expect supply disruptions, according to an survey released Monday.
Unemployment in the United States fell to a fresh 17-year low in April amid steady hiring, welcome news for the White House that also could increase the chance of faster interest rate hikes.
The US unemployment rate dropped to a fresh 17-year low in April as steady hiring persisted and the labor market continued to tighten in the world’s largest economy, the government reported Friday.
The US central bank kept its key interest rate unchanged as expected on Wednesday and at the same time signaled that policymakers were not overly concerned by the recent uptick in inflation.
The Federal Reserve is not expected to change interest rates on Wednesday, but the policy statement will be searched for any hints of how aggressively it plans to address incipient inflation.
The United States is hopeful it will reach an agreement to reduce tensions with the European Union over tariffs imposed on steel and aluminum, Commerce Secretary Wilbur Ross said Tuesday.
Mexican state oil company Pemex returned to profit in the first quarter of the year, it reported Friday, but falling production continued to dog the firm.
Record increases in wages and materials costs are eating into corporate profits despite robust sales, according to a survey of business economists released Monday.
The gathering of world finance ministers began with heightened anxiety about the potential damage a US-China trade war could do to the economic recovery but ended Saturday with a door open to negotiations.