Fed’s Powell defends policy of gradual interest rate hikes
JACKSON HOLE, Wyo. (Reuters) – Federal Reserve Chairman Jerome Powell on Friday defended the U.S. central bank’s push to raise interest rates as healthy for the economy and signaled more…
Exclusive: Trump demands Fed help on economy, complains about interest rate rises
WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he was “not thrilled” with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and…
Stocks, emerging currencies, lick wounds as lira bounces for second day
LONDON (Reuters) – Action from Turkey’s central bank pushed the lira higher for a second day on Wednesday, helping European stocks and emerging currencies consolidate recent losses though the dollar…
Iran’s parliament summons Rouhani as economy falters under U.S. pressures
LONDON (Reuters) – Iranian lawmakers have given President Hassan Rouhani one month to appear before parliament to answer questions on his government’s handling of Iran’s economic struggles, state media reported…
INDIA: Inflation hits Bollywood
For many Indians, Bollywood movies offer them the only chance to see exotic foreign locations. However with the drop in the value of the Indian rupee, the … source
Pakistan suffers low literary levels due to rising number of school dropouts
While Pakistan continues to struggle with issues like terrorism, drone attacks and rising inflation, alarmingly low literacy levels can now be added to the list as the … source
Tech leads Wall Street’s advance after strong jobs data
(Reuters) – Wall Street stocks rose on Friday after the latest monthly jobs report pointed to strength in the U.S. economy and geopolitical tensions eased. Technology stocks led the rally,…
U.S. job growth seen picking up, wage growth likely moderate
WASHINGTON (Reuters) – U.S. job growth likely accelerated in May as warmer weather boosted hiring at construction sites, but wage gains are expected to have remained marginal, pointing to moderate…
Exclusive: Mexico central bank ready for election, could support peso-Diaz de Leon
MEXICO CITY (Reuters) – Mexico’s central bank is prepared for different scenarios resulting from the country’s July 1 presidential vote, central bank chief Alejandro Diaz de Leon said late on…
Keiser Report: Fox News Boo Fail (E124)
This time Max Keiser and co-host, Stacy Herbert, talk about China regulating reincarnation and the US Air Force seeking virtual people. In the second half of the … source