Worldwide business news with international business, banking, interest rate, stock market, currencies and fund
European Central Bank |
European Cultural Days of the European Central Bank (ECB) feature Lithuanian artists and music under the slogan “Illuminated Lithuania”. Three cultural experiences will take place in Frankfurt.
Reuters |
Foreign-brand automakers with U.S. plants do not support Trump administration rules to raise the amount of local content in North American-made vehicles, a group representing companies including Toyota Motor Corp (7203.T), Volkswagen AG (VOWG_p.DE) and Hy
Reuters |
U.S. President Donald Trump said on Monday he was “not thrilled” with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the U.S. central bank should do more to help him to boost the economy.
Bloomberg |
Officials say another rate rise may be appropropriate ‘soon’. Trump’s pressure, policies on trade complicate Fed outlook
Bloomberg |
The dollar rallied for the first day in six as investors awaited a meeting of global central bankers after the Federal Reserve signaled no change to its pace of monetary policy tightening.
President Donald Trump said that the U.S. would slap a 25 percent tariff on cars coming from the European Union.
Reuters |
WASHINGTON (Reuters) - U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter.
Reuters |
The euro fell to its lowest level since July 2017 and the dollar rallied as Washington piled pressure on Ankara and Moscow. The lira went into free-fall, sinking more than 10 percent to all-time lows.
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.
Bank of England |
The MPC voted by 9-0 to increase Bank Rate by 0.25 percentage points, to 0.75%.