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The CSI 300 Index of the biggest companies traded in Shanghai and Shenzhen rose 4.98 percent or 157.02 points to end at 3,309.25 points.

Heller, who served on the Board of Governors of the Federal Reserve System from 1986 to 1989, is confident the US economy is well positioned to cope with a rise in interest rates from the current 0-0.25 percent.

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 risk faced by the European Central Bank is very different from that of the Fed, and ECB president Mario Draghi is likely to ease monetary policy further with additional quantitative easing. Almost a decade has passed since the U.S. Central Bank has raised its benchmark...

The dollar shrugged off a pair of widely watched economic indicators Tuesday and continued to trade within a tight range against its main rivals as investors waited to see if Federal Reserve policy makers would raise interest rates at their meeting later this week.

In Britain, while this year’s moves in oil returned headline inflation to zero, there was nothing in those numbers to further undermine expectations that the Bank of England will follow the Federal Reserve in raising interest rates next year.

The U.S. Federal Reserve will not raise interest rates this week, Turkey’s Economy Minister Nihat Zeybekci predicted Monday. That announcement could feature the first interest rate hike since 2006 and put an end to almost seven years of near-zero percent interest rates.

But the liftoff is surrounded by a contentious debate.

On the New York Mercantile Exchange, platinum futures for October delivery slid 1.8 percent to $992.40, and palladium futures for December delivery dropped 0.8 percent to $577.15 an ounce.

US Federal Reserve vice-chairman Stanley Fischer joined the European Central Bank vice-president Vitor Constancio and Bank of England governor Mark Carney on Saturday on a panel at the Kansas City Fed’s annual retreat in Jackson Hole, Wyoming, dedicated to discussing...

US gold for December delivery rose half a percent to $1,138.30 an ounce.

The sell-off adds to what has been a hard few weeks for United States and worldwide markets.

ASIA’S DAY: The Shanghai Composite Index posted its first gain in six days, bouncing back from losses that triggered worldwide selling and wiped almost 23 percent off its value over the past week.

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

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