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Treasury yields jump, stocks dip after Fed statement

NEW YORK U.S. Treasury yields rose, the dollar gained while U.S. stocks fell on Wednesday after the U.S. Federal Reserve signalled it expects one more interest rake hike by the end of the year.

Recent Business News

BlackRock CEO Fink says he is committed to gender diversity

NEW YORK BlackRock Inc Chief Executive Larry Fink on Wednesday said the largest asset manager must mirror its customers in terms of gender, comments that come as the company has become more vocal about shareholder and activist efforts to boost workplace diversity.

7:56pm BST

Thyssenkrupp, Tata Steel agree to forge Europe's No. 2 steelmaker

ESSEN, Germany/MUMBAI Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros (£13.30 billion). | Video

6:13pm BST

Economists see Bank of England mistake in hiking rates now - Reuters poll

LONDON The Bank of England will raise interest rates for the first time in a decade at its next meeting, a Reuters poll of economists showed on Wednesday, with a large majority saying such a move would be a mistake.

3:21pm BST

Toys 'R' Us seeks bankruptcy to survive retail upheaval

Toys 'R' Us Inc got court permission on Tuesday to borrow more than $2 billion (1.48 billion pounds) to start paying suppliers so it can stock up on items like Lego building blocks and Barbie dolls for the holiday season, a day after it filed for bankruptcy. | Video

World 9:55pm BST

Tesla working with AMD to develop chip for self-driving car - CNBC

Electric carmaker Tesla Inc is working with Advanced Micro Devices Inc to develop its own artificial intelligence chip for self-driving cars, CNBC reported on Wednesday, citing a source familiar with the matter.

9:57pm BST
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