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And a few worse-than-expected news for the economy is out this hour.

The weak September jobs report and downward revisions to the prior two months raised fresh fears about the health of the USA economy, which appears to have weakened amid a slowing global economy and recent market turbulence.

So if you’ve been waiting with bated breath to see whether the Federal Reserve would raise interest rates or not, at least after watching this video you can say, “Now I get it”. Over the past 30 years, there have been 4 major tightening cycles in 2004, 1999,...

Analysts at Commerzbank said: “As we had anticipated, the US Federal Reserve chose not to raise interest rates yet yesterday”.

The health care sector bounced back from a plunge a day earlier.

“Therefore, the Reserve Bank has front-loaded policy action by a reduction in the policy rate by 50 basis points”. As it is, the ASSOCHAM does not expect the exports to go beyond Dollars 268 billion in the current fiscal as against USD 310 billion.

Biotech stocks had their worst week since 2008 last week, as stocks like Gilead Sciences (GILD), Amgen (AMGN), Biogen (BIIB) and Regeneron (REGN) got hammered following Hillary Clinton’s drug-pricing tweet.

Investors sold even some of the year’s most resilient stocks.

India’s central bank slashed its key repo rate by 50 basis points to 6.75% at its September policy meeting, describing the decision as a “front-loaded policy action” that was twice the size expected by the markets. If inflation is low, it will position the OCR...

The greenback rose on Friday as dollar bulls took heart after Federal Reserve Chair Janet Yellen kept the door open to a hike in interest rates later this year, a week after the central bank delayed aa long-anticipated move.

Futures on the Nasdaq exchange were down 0.5 percent.

In a speech late Thursday, Fed Chair Janet Yellen, who spoke a week after the Fed delayed a long-anticipated rate hike, said she and other Fed policymakers do not expect recent global economic and financial market developments to significantly affect the central bank’s policy.

The fears were strong enough for the Fed to leave its benchmark interest rate at 0%, where it’s been since the depths of the financial crisis in 2008.

To help maintain liquidity in the mortgage market, the committee will continue to reinvest principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities, as well as rolling over maturing Treasury securities at...

The USA economy expanded more than previously estimated in the second quarter on stronger consumer spending and construction, the second upward revision in a row.