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US Fed raises rates, provokes caution in Indian markets

US Fed raises rates, provokes caution in Indian markets

Also yesterday, Fed Chair Janet Yellen declined to say whether she would stay on for a second term if asked by President Trump. Expressing confidence that the United States economy is recovering, the Federal Reserve said America's labour market has "continued to strengthen" and economic activity has been "rising moderately" so far this year.


Doubts cast over Fed ability to raise rates again in 2017

Doubts cast over Fed ability to raise rates again in 2017

Shares fell in Asia on Thursday after the U.S. Federal Reserve raised interest r. Today the People's Bank of China did not raise its key interest rate , though they did copy the Fed in March, keeping seven day reverse repos at 2.45 per cent.



US accuses Chinese company of transferring NKorean money

There is no phone listing in Shenyang for Mingzheng International Trading. In other China-North Korea news in the Times , White House correspondent Mark Landler says (paywall) that Donald Trump has made a big bet on China, by softening his stance on trade and being quiet about the South China Sea, "based on his calculation that Mr.


Immelt's Departure Marks End of Era at GE

Immelt's Departure Marks End of Era at GE

GE said Monday that the corner-office shuffle is part of its succession plan. The announcement caps a long career for Immelt, who replaced Jack Welch , GE's legendary chairman and chief executive, just days before the September 11, 2001, terrorist attacks in the United States.



For Whole Foods workers, fears of robots, drones and culture clash

But the market punished other retailers, including Wal-Mart Stores, which lost 4.7 per cent, amid expectations the deal would sharpen price competition in the industry, denting profits. But in February, Whole Foods said it no longer saw the potential for expanding its flagship chain to 1,200 locations, up from about 460 in the United States , Canada and the United Kingdom.



Who shall we believe, the Fed or data?

Asian market investors may also have been further spooked by the probe on US President Donald Trump , who has been accused of obstruction of justice after he sacked former Federal Bureau of Investigation head James Comey. Worries that policy tightening measures will weigh on China's growth, kept Chinese stocks in check. While the territory effectively imports USA monetary policy due to its currency peg, local banks have been reluctant to pass on higher rates to customers amid fierce ...