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In a clear reference to the recent turmoil provoked by the downturn in the Chinese economy, the Fed noted that it is “monitoring developments overseas “, even as it said that the risks facing the U.S. economy are still “nearly balanced”. The reason: Unlike...

The U.S. Federal Reserve on Thursday kept its benchmark interest rate unchanged, saying the rising uncertainty overseas and low inflation were the key reasons behind the decision. “China is a concern, and oil prices look set to take another leg lower“.

The lower CPI could lead to the Federal Reserve deciding to not raise interest rates this month.

Following the conclusion of a closely watched meeting, the Federal Reserve is keeping interest rates at record lows, citing a weak global economy, low inflation and instability in financial markets, APA reports quoting Reuters.

The USA dollar traded a touch higher against major world currencies, with the euro below $1.14 and the yen at 119.8 yen against the greenback. Investors are concerned with when the interest rate hike could come, as it will be the first in almost a decade following the Great...

The dollar extended its losses against other major currencies on Friday, underscoring investors’ wariness over weakness in the global economy and markets given the Federal Reserve’s decision to keep interest rates unchanged. “Unequivocally, the Fed was on the...

Nolan and Ellison have been pushing for even more – between 100,000 and 200,000 refugees to be relocated in the United States by the end of 2016.

The rupee closed at 65.67, up 1.2% from its previous close of 66.46, its steepest closing gain since 18 November 2013.

BANK OF JAPAN: Japan’s central bank decided to not change its policy calling for 80 trillion yen ($666 billion) in annual asset purchases by the central bank, to help spur inflation and stimulate growth. But Kuroda did not give any clue on the possibility of further easing,...

The yuan versus the US dollar has substantially depreciated since August, and China still maintains a large trade surplus and its economic fundamentals are still sound, he said. The nation has stepped up monitoring of the currency market and there are no massive capital outflows...

The cartel has upped its expectation for oil demand growth this year by 84,000 barrels per day to 1.46 mn bpd, but revised its forecast lower for next year by 50,000 bpd to 1.29 mn bpd.

A U.S.-led coalition attacked Islamic State militants on Sunday with 18 air strikes in Iraq and four in Syria, the military said in a statement released on Monday.

Republican presidential candidate Ben Carson told this week that some of the young men the USA would accept “could easily be people who could be infiltrated by terrorists”. Our borders are not as porous as those between Syria and most of Europe.

The use of position limits may be expanded to other contracts if upcoming legislation requires them, the exchange added in a statement. So the Fed needs other tools to influence rates. Markets are also split on what a rate move might mean for markets. He says that the outlook for...

The Saudi-led oil cartel said daily crude production outside of OPEC is likely to grow by 160,000 barrels next year, a figure 110,000 barrels lower than its estimate last month, largely because US oil production is slipping faster than expected.