A woman walks past a branch of Credit Suisse in New York. Agence France-Presse
Global stocks rose on Friday after a top Federal Reserve official cemented expectations of a US interest rate cut later this month, fuelling appetite for riskier assets and keeping a cap on the dollar.
For the first time since the Great Recession a decade ago, the US Federal Reserve is poised to cut interest rates, shoring up America’s defenses as the global economy weakens.
It has become a jarring and frequent contradiction. President Donald Trump blames the Federal Reserve for putting the US economy at risk while data shows an economy in “reasonably good” shape, as the head of the central bank recently said.
Who said it? “A small rate cut is not enough, but we will win anyway!” The answer, technically, is President Donald Trump, who again this week fumed about the European Union and China on Twitter while lamenting that the Federal Reserve raised interest rates “way too early and way too much.” But it just as well
The success of the “Border Haats” with Bangladesh has prompted other northeastern states of India to go for similar arrangements with Myanmar. At the instance of the Mizoram government,
UAE-based IBC Group announced on Tuesday that it intends to acquire 10,000 premier properties in Dubai, to furnish and manage as holiday homes, and has contracted Berkshire Hathaway Home Services Gulf Properties
Japan has approved shipments of a high-tech material to South Korean (SK) market for the second time since imposing export curbs last month, two sources said, ahead of talks by government officials this week to resolve a dispute stemming
BHP Group posted its largest annual profit in five years and record full-year dividends, but its share price eased as the world’s biggest miner flagged global economic headwinds that could hit demand for its key commodities, iron ore and copper.