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The debt ceiling. On Thursday, Treasury Secretary Jacob Lew warned that the US would exhaust its ability to borrow on November 5 unless Congress increases the debt ceiling. Emerging economies such as Brazil and Turkey are struggling to grow at all.

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 longtime opponent to the Federal Reserve claims that foreign exchange markets will eventually figure out what USA policymakers are doing, and then we will be facing a currency crisis which could lead to a USA and global stock market crash. Even if rates increase soon,...

The already tepid August jobs level of 173,000 was revised sharply lower to 136,000, surprising analysts who had anticipated a large upward revision which is typical for that month.

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.

Reserve Bank governor Lesetja Kganyago has announced that the Reserve Bank’s repo rate will remain unchanged “for now”.

‘A neutral 90-day bank bill rate is now under 3.5%’.

The Reserve Bank today published a report detailing how it estimates New Zealand’s neutral interest rate. The time for a further 25-bps rate cut is appropriate now.

But, she said, “we have some concerns about negative impacts from global developments and some tightening of financial conditions”.

Asian stocks mostly rose Friday, perked by relief that the U.S. Federal Reserve held off on raising interest rates for the time being, but European markets faltered as some investors interpreted the Fed decision as a sign of economic weakness.

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 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.

Siddhartha Das, the biological father of Sheena and Mikhail Bora, was brought to the city from Kolkata and taken to Khar police station for recording his statement.

He was under suspicion for being “gullible” to the fact that Indrani and Sheena were mother and daughter though he was told repeatedly by sheena and Rahul Mukerjeas, his son.