Bank of England’s Carney calls for ‘dynamic’ financial rules

Bank of England Governor Mark Carney told bankers on Thursday that financial regulations devised after the 2008-09 crisis cannot be set in stone, and must be flexible enough to deal with unintended consequences and unexpected gaps. Speaking in Washington, where...

Bank of England’s Carney calls for ‘dynamic’ financial rules

Bank of England Governor Mark Carney told bankers on Thursday that financial regulations devised after the 2008-09 crisis cannot be set in stone, and must be flexible enough to deal with unintended consequences and unexpected gaps. Speaking in Washington, where...

Commerce Secretary Ross: Demand for steel will jump if US gets into ‘major conflict’

Commerce Secretary Wilbur Ross told CNBC on Thursday that President Donald Trump’s plans for defense spending will require increased American steel production, while he called other steel-producing countries more “protectionist” than the U.S....

Trump blasts Canada on trade, calls its actions a ‘disgrace’

President Donald Trump on Thursday criticized Canada for its trade policies, singling out multiple industries in that country and saying among other things that “what they have done to our dairy farmer workers is a disgrace.” Trump frequently singles out...

FCC approves easing business data service regulations

The Federal Communications Commission on Thursday voted 2-1 to significantly easeregulatory requirements in the $45 billion business data services market, a win for companies like AT&T, CenturyLink, Verizon Communications and others but could lead to price hikes...

China prepares to launch country’s first cargo spacecraft

It is programmed to conduct scientific experiments after reaching the now-crewless Tiangong 2, China’s second space station. A pair of Chinese astronauts spent 30 days on board the station last year. China launched the Tiangong 2 precursor facility in September...