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Hertz Global Holdings has agreed to pay a $16 million fine to settle a case over accounting misstatement, the U.S. Securities and Exchange Commission (SEC) said in an order filed on Monday. Powered by WPeMatico
Jerome Powell had a bumpy first year as Federal Reserve chairman when it came to talking policy, by turns spooking and comforting investors even as economic data offered increasingly mixed signals and President Donald Trump stepped up his attacks on the U.S. central bank. Powered by WPeMatico
Equities around the world rose on Monday as possible progress in resolving the trade dispute between the United States and China engendered some investor optimism in what has been a punishing end of year for markets. Powered by WPeMatico
Oil prices edged higher on Monday, the last day of 2018, but were en route for their first annual drop in three years as fears of a slowing global economy and emerging supply glut outweighed impending OPEC-led production cuts. Powered by WPeMatico
Wall Street rose solidly in relatively light trading on Monday as revelers gathered to ring in 2019, marking the end of the worst year for major U.S. indexes in a decade. Powered by WPeMatico
General Motors Co Chief Executive Mary Barra plans to visit Capitol Hill next week to discuss its plans to halt production at five plants in North America next year and cut up to 15,000 jobs, two congressional aides said on Friday. Powered by WPeMatico
Progress has been made on the issue of trade for the final communique of the G20 meeting, Argentine Foreign Minister Jorge Faurie said on Friday. Powered by WPeMatico
France and Japan's leaders attempted to avert a diplomatic row over the Renault-Nissan-Mitsubishi alliance on Friday, meeting for bilateral talks in the wake of the surprise arrest of its Chairman Carlos Ghosn in Japan. Powered by WPeMatico
Chinese President Xi Jinping and the leaders of major developing economies condemned protectionism at a G20 summit in Argentina on Friday overshadowed by U.S. President Donald Trump's threat to escalate tariffs on China. Powered by WPeMatico
The United States has filed criminal charges against British entrepreneur Mike Lynch over the $11 billion sale of Autonomy to Hewlett-Packard seven years ago, accusing him of making false statements that inflated the value of the software group. Powered by WPeMatico