NEW YORK The dollar touched its lowest in more than a year and U.S. Treasury prices rose on Wednesday after the Federal Reserve left interest rates unchanged and signalled it could begin to cut its massive bond portfolio in the coming months. | Video
Recent Business News
Facebook Inc surpassed quarterly profit and revenue estimates on Wednesday as the social media giant found more ways to attract advertisers to its mobile app including its centrepiece product, the Facebook News Feed, sending its shares to an all-time high.
LONDON The British government said on Wednesday that the European Commission had accepted its plans to free Royal Bank of Scotland from its obligation to sell more than 300 branches after the lender's seven-year struggle to meet bailout requirements.
AT&T Inc shares jumped more than 4 percent on Wednesday, notching their biggest one-day percentage gain since March 2009, a day after the carrier said its bundled products had helped slow losses of its most lucrative wireless customers.
PayPal Holdings Inc reported a better-than-expected quarterly profit as the payment processor's growing strategic partnerships helped boost payment volumes.
BERLIN Volkswagen said cooperation among carmakers on technical issues is a common industry practise but declined comment on allegations that it engaged in anti-competitive conduct with other German carmakers.
- Gold: PRECIOUS-Gold jumps to 6-week top after Fed statement, U.S. dollar drops
- Oil Report: Brazil's Petrobras to issue up to 5 bln reais in local bonds -filing
- British Pound Report: UPDATE 1-Sterling edges down as GDP numbers cool rate hike bets
- US Dollar Report: FOREX-Dollar hits 13-month low after Fed adjusts statement