Federal Reserve

Federal Reserve signals September interest rate hike

U.S. central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the Federal Reserve’s last policy meeting showed on Wednesday.

Turkey tries to contain crisis but currency keeps falling

Turkey's Central Bank has announced a series of measures to help banks manage their liquidity, after the country's finance chief said the government had readied an "action plan" to ease market concerns that led to a slump in the value of Turkish currency.

China tightens controls to slow currency's fall

China has tightened controls on trading in its yuan in a possible effort to stop a decline against the U.S. dollar that has raised the danger of an outflow of capital from the world's second-largest economy.

UK rates raised to highest since 2009 despite Brexit worries

The Bank of England is expected to raise its benchmark interest rate Thursday for only the second time since the 2008 financial crisis as it weighs a strong jobs market and high inflation against the growing concerns about the economic impact of Brexit.

Global stocks extend losses on China-US trade worries

Asian shares slipped Thursday, tracking losses overnight on Wall Street, where investors sold industrial stocks following reports that the Trump administration is considering a higher tax rate on Chinese imports.