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The volatility prompted the government to unleash a wave of measures to stabilize markets.

The Shanghai Stock Exchange, meanwhile, has suspended four trading accounts for serious trading irregularities that influenced market pricing.

China’s Shenzhen stock exchange has “suspended” a trading account used by a unit of Citadel, the US-based hedge fund said Monday, after authorities restricted several accounts in the wake of a market rout. The suspended account was trading the firm’s own...

“Most peoples’ expectations are that we’re going to get a hike by the end of the year, and the Fed [statement] today didn’t do anything to change that narrative”, said Joe Bell, a Cincinnati-based senior equity analyst at Schaeffer’s Investment...

In Hong Kong, the Hang Seng index added 0.4 per cent to 24,595.51 points.

– Kuala Lumpur’s main index rose 1.37 percent, or 23.22 points, to close the day on 1,723.14. The Nasdaq composite rose 17.05 points, or 0.3 percent, to 5,128.78. Margin debt surged fivefold over the preceding 12 months, propelling the Shanghai Composite to a 150 per...

In a note on Wednesday, Citi’s Steve Englander said that if these upcoming jobs reports show nonfarm payrolls grow by at least 210,000 – with the unemployment rate correspondingly dropping further – the Fed will likely have reason to raise rates. Fed...

The U.S. central bank, which is expected to lift rates in September, said the economy had overcome a slowdown in the first quarter and was “expanding moderately”.

“Today we draw the line and mark the beginning of a new General Motors here in India”, Mr. Jacoby told a news conference in New Delhi, which was also attended by GM Chief Executive Mary Barra.

Last month, the U.S. unemployment rate fell by 0.2% to 5.3%. The Fed has kept the overnight federal funds rate, and in turn other rates, near zero since December 2008.

Officials voted unanimously to keep interest rates on hold in the world’s biggest economy for the time being.

Federal Reserve chair Janet Yellen has said it. And Wall Street pros agree: The thing to watch is not when the Fed hikes interest rates for the first time since 2006, but rather how aggressive the pace of rate increases will be once the tightening cycle begins.

This underlines the persistence of the glut in supply, already lowering oil prices with the anticipated swift return of Iranian output to the market.

Gold dived, briefly hitting a five-year low as sellers in China dumped the metal against the background of the USA interest rate outlook and its consequences for the dollar. The prospect of higher U.S. rates boosted the dollar to multiyear highs versus currencies from Canada to...

“Thus, while labor market conditions have improved substantially, they are, in the FOMC’s judgment, not yet consistent with maximum employment”, she said.