Fed holds interest steady
The US Federal Reserve, in a widely expected move on Wednesday, left interest rate unchanged at 1.50-1.75 per cent, acknowledging that inflation is near its 2 per cent target. The […]
The US Federal Reserve, in a widely expected move on Wednesday, left interest rate unchanged at 1.50-1.75 per cent, acknowledging that inflation is near its 2 per cent target. The […]
Pressures both at home and overseas hound the Greek Prime Minister as the post-bailout days come closer. The country has been under 8-years worth of a European bailout programme and […]
The postwar global trading system risks being torn apart, the International Monetary Fund has warned, amid concern over the tariff showdown between the US and China. In a sign of […]
The World Trade Organization is facing the greatest crisis of its 23-year existence. Rising trade tensions caused by President Donald Trump’s push to impose tariffs on imports from key US […]
The prospect of a trade war poses “downside risks” to the US economy, which otherwise is poised to grow at a solid pace, the Federal Reserve said Wednesday. While the […]
Christine Lagarde, the head of the International Monetary Fund, has warned that the return of protectionism risks tearing up the current rulebook for global trade. Her remarks in Hong Kong […]
Amazon, JP Morgan Chase, and Berkshire Hathaway announced today they are forming a non-profit joint venture to manage and streamline their employee healthcare programs.
The CEOs of these giant companies — Jeff Bezos of Amazon, Jamie Dimon of Chase, and Warren Buffet of Berkshire Hathaway — say the new company will focus on technology solutions that will provide high-quality health benefits at a reasonable cost.
The severity of the global financial crisis, and the weakness of the subsequent recovery, triggered much soul-searching among the economics profession. The global economy may finally be escaping from the long shadow of the crisis, but macroeconomics has continued to undergo a major reassessment in light of its apparent failure to predict and explain the crisis.