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A food company has chosen Kentucky for a facility that will employ more than 900 people, Gov. Andy Beshear said Thursday, saying the project ranks as the fifth-largest jobs project since he took office. Kitchen Food Co., an Australia-founded premium ready-meals business, will locate a prepared foods facility in Hopkinsville and create 925 jobs as part of its $69 million investment, Beshear announced. Hopkinsville is about 170 miles (275 kilometers) southwest of Louisville, Kentucky.

(Bloomberg) -- An index of emerging-market currencies extended its decline amid broad dollar strength following the Federal Reserve’s hawkish outlook for the path of interest rates next year. Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalThe Indonesian rupiah and Malaysian ringgit were some of the worst performers as tra

As the dust settles on a remarkable 24 hours of central bank activity, investors in Asia round off the last full trading week of the year hoping for some respite from the global market selloff sparked by the Fed's 'hawkish cut' on Wednesday. These nerves were partially soothed on Thursday by the Bank of England's surprisingly 'dovish hold' and the Bank of Japan's seeming ambivalence toward raising rates in January. But the genie of a 'higher for longer' Fed is out of the bottle.

NEW YORK (Reuters) -U.S. stocks ended little changed on Thursday, giving up an initial rebound from a sharp drop in the prior session after the Federal Reserve forecast fewer-than-expected interest rate cuts and higher inflation next year. Economic data was in sync with the Fed's view, with weekly initial jobless claims falling more than expected while gross domestic product for the third quarter was revised to show a 3.1% increase from the previously reported 2.8% pace. "It clearly sent a message that rates weren't going to keep going down if inflation didn't continue its decline, and we've seen inflation tick up a bit here, and that's a concern to the Fed," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.

(Bloomberg) -- Oil fell by almost 1% to settle below $70 a barrel as expectations for fewer interest-rate cuts by the US Federal Reserve boosted the dollar.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalFed officials lowered borrowing costs as expected on Wednesday, but reined in the number of reductions they expect to ma

(Bloomberg) -- Mexico cut interest rates for a fourth straight meeting Thursday as inflation is slowing back to target and the economy is losing momentum. Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalBanxico, as the central bank is known, lowered borrowing costs by a quarter-point to 10% in an unanimous decision. The mo

Butter has become a sensitive subject in Poland, even sliding into political debates. The auction will aim to sell tons of butter at discounted prices.