Donald Trump has said he will end “double taxation” for millions of Americans living overseas if he wins the US presidential election next month.“I support ENDING the Double Taxation of overseas...
A hot war in Ukraine, a trade war between China and the US, and Donald Trump’s threat of sweeping tariff increases raise the prospect of an accelerated rupture of international ties. For the global...
09/10/2024
Oil prices surged above $80 on Monday as fears grow of an escalating conflict in the Middle East and possible supply disruptions in the US Gulf of Mexico from a major hurricane.Brent crude, the...
08/10/2024
US inflation probably moderated at the end of the third quarter, reassuring a Federal Reserve that’s shifting more of its policy focus toward shielding the labor market.The consumer price index is...
07/10/2024
Federal Reserve Bank of Chicago President Austan Goolsbee reiterated interest rates need to come down over the next year by “a lot.”Goolsbee emphasized how the central bank’s narrow focus on...
04/10/2024
OpenAI has asked investors to avoid backing rival start-ups such as Anthropic and Elon Musk’s xAI, as it secures $6.6bn in new funding and seeks to shut out challengers to its early lead in...
03/10/2024
Iran’s missile attack on Israel is testing widely held bearish views on oil prices, with the strike raising concerns over potential supply disruptions from the Middle East should tensions increase...
02/10/2024
The appetite of Federal Reserve policymakers for another large interest-rate cut in November may come into better focus in the coming week as Jerome Powell addresses economists and the government...
30/09/2024
Federal Reserve Bank of New York President John Williams on Thursday announced the formation of a body of private market participants to monitor the use of interest-rate benchmarks, or reference...
27/09/2024
China is considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state banks to increase their capacity to support the struggling economy, according to people familiar...
26/09/2024