Fed Ready to Shrink Bondholdings as Soon as September
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The Fed signaled Wednesday it is ready as soon as September to start slowly shrinking its holdings of more than $4 trillion in bonds it bought to try to buoy the economy.
Fed Nominee Quarles: Bank Rules Need 'Refinements'
Randal Quarles and Joseph Otting are both set to testify before the Senate Banking Committee on Thursday.
Digital-Coin Companies Shrug Off SEC Scrutiny
Some companies planning sales of digital coins said they wouldn't be deterred by the SEC's plans to restrain the hot, new fundraising method, possibly setting up a showdown with U.S. regulators.
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South Korea's GDP Grows 0.6% in Second Quarter
South Korea's economy downshifted a gear in the second quarter after sharply accelerating in the first three months of the year, but still looks on course to post solid growth this year, helped by the latest government stimulus measures.
Senate GOP's Fallback Health Plan Picks Up Support
Senate GOP leaders picked up support Wednesday for their plan to pass a scaled-back bill to repeal a handful of elements in the current health law, and then open negotiations with House Republicans to try to bring together their two very different bills.
Officials to Release Tax Plan Principles This Week
Top congressional Republicans and Trump administration officials plan to release their tax-policy principles at the end of this week, said two people briefed on those discussions.
Brazil's Central Bank Cuts Selic Rate Another Percentage Point
Brazil's central bank reduced its overnight lending rate Wednesday for the seventh time since August, bringing the country's notoriously high interest rates into the single digits for the first time in nearly four years.
SEC Chairman Puts in a Good Word for Active Investing
Stock pickers may have a friend in the new head of the SEC, who told an audience that his investments in actively managed mutual funds have performed better than passive investments.
U.K. Regulator to Hold More Firms' Bosses Accountable
The Financial Conduct Authority is set to widen the scope of rules designed to hold senior bosses personally to account for a firm's misconduct.
Dow, Nasdaq Close at Records After Fed Stands Pat
U.S. stock indexes held steady after the Federal Reserve left short-term interest rates unchanged and indicated it would likely act soon to begin shrinking its bond portfolio.
(END) Dow Jones Newswires
July 26, 2017 21:15 ET (01:15 GMT)