News

Worldwide business news with international business, banking, interest rate, stock market, currencies and fund
Reuters |
WASHINGTON (Reuters) - Federal Reserve officials are scouring new niches of the financial markets to find signals accurate enough to warn the central bank when it is time to stop hiking interest rates before they risk tipping the economy into a recession.
Bank of Canada |
The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ¼ per cent.
Reuters |
SYDNEY (Reuters) - Asian shares reversed early gains on Tuesday as anxieties about the Sino-U.S. trade war recast their long shadow over investor sentiment, while several high-profile resignations from Britain’s government kept sterling on the defensive.
Reuters |
WASHINGTON (Reuters) - U.S. central bankers discussed whether recession lurked around the corner and expressed concerns global trade tensions could hit an economy that by most measures looked strong, minutes of the Federal Reserve’s last policy meeting on
Reuters |
HOUSTON/CHICAGO (Reuters) - U.S. energy, agricultural and chemicals companies are girding for a summer standoff over trade as a midnight deadline approaches for Washington to impose the next round of tariffs on a wide range of Chinese goods.
Reuters |
SINGAPORE (Reuters) - Oil prices dipped on Friday as markets grew more nervous ahead of a raft of import tariffs set to be imposed later in the day by the world’s two biggest economies, the United States and China, threatening global growth.
Reuters |
Trump, speaking to reporters during a meeting with Dutch Prime Minister Mark Rutte at the White House, said, “The WTO has treated the United States very, very badly and I hope they change their ways.”
Reuters |
NEW YORK - World stocks edged lower Tuesday despite broad gains in Europe and rising oil prices as markets remained in the grip of trade turbulence.
Bloomberg |
Commodities face a twin threat in the coming months, according to Morgan Stanley, which flagged burgeoning risks to consumption from a potential escalation in global trade tensions, especially for metals, as well as any slowdown in China.
Bloomberg |
Gold’s losses in June, driven by an ascendant dollar, have put it on course for the biggest monthly drop since November 2016, when markets were roiled by Donald Trump’s victory in the U.S. presidential election.