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Powell says the Fed is not forecasting or expecting a recession

“The Fed has through the course of the year seen fit to lower the expected path of interest rates,” Powell says....

Opponents of ‘no-deal’ Brexit defeat PM Johnson, who promises an election

LONDON - British lawmakers defeated Boris Johnson in parliament on Tuesday in a bid to prevent him taking Britain out of the...

Could cryptocurrency dethrone the dollar?

LONDON: Bank of England governor Mark Carney has suggested that a virtual currency, modelled on Facebook's Libra, could one day replace the...

Worried About Negative Interest Rates Coming? They Are Already Here, And...

We read about Europe’s negative interest rates, and they seem nonsensical. Savers paying banks to keep their cash. Mortgage lenders paying homeowners...

Ray Dalio warns of ‘serious problems’ and a bond ‘blow-off’ as...

Hedge fund kingpin Ray Dalio is warning that current conditions remind him of the Depression-era environment.He cited three factors: Ineffective central...

Argentina curbs banks’ access to pesos amid growing market turmoil

BUENOS AIRES - Argentina’s battered bonds and currency were driven still lower on Friday amid downgrades by three credit rating agencies...

Trump Isn’t The Only One Hoping King Dollar Will Take A...

“It’s hard to argue against the dollar in the short term”. That’s from Chris Turner, the head of FX...

U.S. does not intend to intervene in currency markets for now,...

WASHINGTON: U.S. Treasury Secretary Steven Mnuchin said on Wednesday the United States does not intend to intervene in currency markets for...

US moves quickly to implement Donald Trump’s trade war tariff increase...

US Federal Register notice confirms tariff rise from 10 to 15 per cent on US$300 billion of goods from FridayMove in...