News

The U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough to keep growth on track to hit the Trump administration's 3 percent target this year, even as momentum appears to have moderated further early in the fourth quarter.

* Bank of England sees 8 pct slump in GDP in worst-case Brexit

Britain's government has set out the details of a debate on legislation which will take the country out of the European Union, allowing for votes on amendments which will reshape a deal she brought back from Brussels last weekend.

Sears Holdings Corp Chairman Eddie Lampert's hedge fund and Cyrus Capital Partners LP are preparing a potential takeover bid to keep the bankrupt retailer running, Bloomberg reported https://www.bloomberg.com/news/articles/2018-11-28/sears-head-lampert-said-to-team-with-cyrus-on-possible-takeover?srnd=markets-vp on Wednesday.

Federal Reserve Chair Jerome Powell on Wednesday appeared to signal the U.S. central bank is nearing an end to its interest-rate hikes, saying the Fed's policy rate is now "just below" a level that neither brakes nor boosts a healthy economy.

Government forecasts 3.9% hit in 15 years, and BoE warns of sharpest postwar contraction

Private equity fund Lone Star has hired Deutsche Bank to explore a potential sale of its Italian vending and coffee machine maker Evoca, which includes iconic brand Gaggia, Evoca CEO Andrea Zocchi told Reuters on Wednesday.

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A leading U.S. bank regulator said on Wednesday the government is considering easing requirements around the "living wills" large banks must submit detailing how they could be safely dissolved in a crisis.

Luxury brand Kering and hospitality group Sodexo have majority of women board members

Spain's BBVA named Onur Genç as its new chief executive on Wednesday, with the head of the Spanish bank's U.S. operations due to take over its online transformation from Carlos Torres at the end of 2018.

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