48 h. ago Russia cuts interest rate to 17% as strains show in wartime economy

Russia’s central bank cut its benchmark interest rate Friday by one percentage point to 17%, a step that could support the economy as growth slows and spending on the war against Ukraine increases the budget deficit. The bank had raised its key rate as high as 21% to combat inflation, but has begun to retreat […]

Culture

2 w. ago Gold Steady as Traders Take Stock Before Key US Inflation Report

Gold steadied after a two-day gain as investors waited for a US inflation report that’ll shed light on the path for interest rates, while assessing continued threats to the Federal Reserve’s independence.

Economics

2 w. ago Gold Holds Gain as Trump Amps Up Threats to Fed Governor Cook

Gold was steady after rising Tuesday on concerns over central bank independence and inflation risks after President Donald Trump doubled down on his efforts to oust a Federal Reserve governor.

Politics

2 w. ago Asian Stocks to Slip as Inflation Risks Fed Cuts: Markets Wrap

Asian equities looked set to follow Wall Street lower Tuesday as investors were on edge that a looming key US inflation report may derail the pace of Federal Reserve rate cuts.

Economics

2 w. ago Asian Stocks to Slip as Inflation Clouds Fed Cuts: Markets Wrap

Asian equities looked set to follow Wall Street lower Tuesday as investors were on edge that a looming key US inflation report may derail the pace of Federal Reserve rate cuts.

Economics

3 w. ago Stock Slide Deepens Before Powell as Yields Rise: Markets Wrap

Caution prevailed on Wall Street ahead of Jerome Powell’s speech, with stocks falling and bond yields rising as a key factory report raised concern that inflation pressures could dim the outlook for rate cuts.

Economics