Fed hawks blast rate cut, say US inflation is too high
Two regional Federal Reserve bank presidents on Friday aired their disagreement with the U.S. central bank’s decision to cut interest…
China’s manufacturing PMI shows steeper-than-expected downturn
Manufacturing PMI fell by more than expected China’s official manufacturing purchasing managers’ index slowed to 49.0, down from 49.8. This…
China non-manufacturing activity expands in September, PMI shows
China’s non-manufacturing activity returned to expansion in October, an official survey showed on Friday. The non-manufacturing purchasing managers’ index (PMI),…
Goldman Sachs CEO Solomon warns of a US ‘reckoning’ on government debt
Goldman Sachs GS CEO David Solomon on Thursday expressed concerns that mounting U.S. government debt will pose more of a…
Trump’s war on ‘woke’ forces community lenders to cut services or close
A year ago, Karlene Sinclair-Robinson was writing loans and hosting education seminars for small businesses and entrepreneurs as finance director…
Fed’s Schmid: Inflation risks remain, economy still showing momentum
Kansas City Fed president Jeffrey Schmid said on Friday that he dissented against cutting interest rates this week out of…
As Trump skips APEC, China’s Xi fills the void with message on trade
As Air Force One took off from South Korea’s Busan airport after U.S.-China talks on Thursday, Chinese leader Xi Jinping’s…
Fed’s Logan says this week’s rate cut was not needed, opposes one in December
The U.S. central bank should not have cut interest rates this week and should not do so again in December,…
Singapore turns net importer of jet fuel, while diesel net exports slip
Singapore turned a net importer of jet fuel for the week ended October 22, while diesel net exports fell by…
India ‘cutting back completely on Russian oil’, reiterates Trump ahead of key China talks
US President Donald Trump, on Saturday, claimed that India has “cut back completely” on its purchases of Russian oil following…