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On Friday, Fischer hinted that a rate hike was still a possibility in September despite widespread concerns about recent turmoil in stock markets.

The various ballistic missiles displayed by mainland China at a massive military parade commemorating the 70th anniversary of Japan’s World War II defeat fully demonstrated Beijing’s strategic ambitions, experts said Thursday. In his speech on the occasion, President...

Amid concerns in India and other global markets about uncertainty over a rate hike in the USA, RBI Governor Raghuram Rajan on Friday sought to play down fears saying markets should not be scared of volatility as it would be transient in nature.

Against the backdrop of the largest military parade in modern China, President Xi Jinping announced a troop reduction of 300,000 and pledged peace, reports CBS News correspondent Seth Doane.

During the last week in August, the People’s Bank of China drew the attention of traders worldwide by cutting the benchmark lending rate 0.25 percentage point to 4.6%.

The downdraft from China is rattling economies of its trade-reliant Asian neighbours and prompting many Western companies to reduce investments and look for ways to cut costs.

THE revised number for gross domestic product was initially reported at 2.3 per cent.

Following a six-year run-up in U.S. stocks that has pushed major indexes to all-time highs, investors worry the economy could falter if the Fed raises rates too soon, chocking economic growth.

“If capital were to leave emerging economies, especially those that peg their currencies against the dollar, the natural thing to do is to sell Treasuries”, said Gene Tannuzzo, portfolio manager at Columbia Threadneedle Investments in Minneapolis.

The short-term macroeconomic priorities of RBI are, therefore, clear – to focus on reducing inflation in line with the proposed glide path; work with the government and banks to speed up resolution of dis-tressed projects and cleaning up bank balance sheets; ensure banks...

North American stock markets seesawed once again on Wednesday as investors couldn’t decide whether to be encouraged by China’s recent move to stimulate its economy or anxious that Beijing thinks it needs stimulus in the first place.

Dudley suggested, however, that the Fed’s decision will depend more on global economic troubles then market volatility.

Concerns over China’s slowing economy that sent global stock and commodity markets on a recent free fall are heightened by the opacity and conflicting signals from the country’s political leadership and its central bank.

Stocks jumped on Wednesday as global markets showed tentative signs of regaining their footing after an extended rout fueled by growth concerns.

China’s central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe. The Nasdaq...