The U.S. Federal Reserve on Friday left the door open to a September interest rate hike even while several central bank officials acknowledged that turmoil in financial markets, if prolonged, could delay monetary policy tightening.
Schlumberger Ltd. will buy oilfield equipment maker Cameron International Corp. in a deal valued at $14.8 billion to streamline supply chains and offer cost-effective services to oil and gas customers who have slashed budgets.
The U.S. housing market is probably strong enough to stand up against an interest rate hike by the Federal Reserve this year, with stabilizing home prices supporting sales, a Reuters poll of top economists showed on Wednesday.
Wall Street entered correction territory on Monday, with the Dow sliding below 16,000 for the first time since February 2014 following a more-than 8% drop in Chinese stocks and a selloff in oil and other commodities.
For months, the U.S. State Department has stood behind its former boss Hillary Clinton as she has repeatedly said she did not send or receive classified information on her unsecured, private email account, a practice the government forbids.
U.S. stocks slumped more than 1.5% on Friday, with the S&P 500 briefly falling below 2000 and the Dow about 200 points shy of moving into correction territory, as fears of a China-led global slowdown were heightened after grim data overnight.