Worldwide business news with international business, banking, interest rate, stock market, currencies and fund
PresidentĀ Donald TrumpĀ 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%.
Reuters |
U.S. President Donald Trump sought to ratchet up pressure on China for trade concessions by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports
Reuters |
The S&P 500 and Dow slipped on Wednesday as gains in Apple shares were offset by a drop in energy and industrial companies, while the U.S. Federal Reserve remained on course for an expected interest rate hike in September.
Federal Reserve |
The Committee decided to maintain the target range for the federal funds rate at 1-3/4 to 2 percent.
Bloomberg |
Policy balance rate at -0.1 percent and cut inflation forecasts for the current year and for 2019 and 2020
Bloomberg |
Stocks in Europe edged higher on the heels of a mixed session in Asia as corporate earnings again took a front seat. The dollar and Treasuries were steady before the release of U.S. gross domestic product data.