Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The lack of clarity surrounding the U.S.-China trade war is what's really hitting global growth, says ex- Deputy Treasury Secretary Sarah Bloom Raskin.World Economyread more
China's economy has long relied on factors such high levels of investments and an expanding labor force for growth. Those growth drivers are running out of steam.China Economyread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
New crash tests show the Tesla Model 3 and the Audi e-tron, are among the safest models out on the road. The results bolster the theory electric vehicles may be better...Autosread more
U.S. consumers and growth in sectors such as technology have offset declines in other American industries, says Tom Finke, chairman and CEO of investment management firm...US Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
Last weekend's attacks on oil facilities — and the spike in crude prices that followed — should show that the world needs to stop relying on oil, says Helen Clark.Energyread more
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
A New York banking regulator's probe of Barclays' foreign exchange trading business is holding up a settlement of currency rate-rigging allegations that other US and UK authorities are close to resolving, people familiar with the case said.
New York's Department of Financial Services is not a part of the bank's settlement talks with the UK's Financial Conduct Authority, the US Department of Justice and the US Commodity Futures Trading Commission, these people said.
Without the DFS in the latest settlement talks, Barclays is likely to be reluctant to resolve the case with the other agencies in a separate deal, they said, adding that a settlement was not imminent.
Barclays has been hoping to resolve the forex probe with all of the authorities investigating the issue in one deal. It pulled out of a broad settlement last year at the last minute because the DFS was not part of the agreement.
Barclays is in talks to pay a total of less than £1bn to the three US and UK agencies to settle allegations that the bank manipulated foreign exchange markets, the people added.
Read MoreForex manipulation: How it worked
But the DFS probe is taking longer because the New York regulator is investigating whether algorithms discovered on Barclays' forex trading platform helped the bank manipulate currency markets, the people said.
Deutsche Bank is also being reviewed by the DFS over the algorithm issue, which could lead to bigger penalties by the agency if it can show that the German and UK banks had systemic problems in their forex business, as opposed to rogue traders being responsible for the wrongdoing.
More from the Financial Times
In November, UBS, Citigroup, JPMorgan Chase, HSBC, Royal Bank of Scotland and Bank of America were fined more than $4 billion in the forex rate-rigging scandal. The FCA and the CFTC were part of that settlement, which Barclays pulled out of because the DFS was not involved.
The DoJ is also investigating several banks, which will probably result in criminal pleas and large fines.