rate hikes

 
 

US retail sales, labour market data paint upbeat economic picture

WASHINGTON, April 19 — US retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a…


London slump drags UK house price growth to more than six-year low

LONDON, April 17 — British house prices rose in February at the weakest rate in six-and-a-half years, dragged down by the biggest slump in London for a decade as Brexit uncertainty sent chills through the market. Official data today also showed…


Worried a recession is coming, US online lenders reduce risk

NEW YORK, April 15 — US online lenders such as LendingClub Corp, Kabbage Inc and Avant LLC are scrutinising loan quality, securing long-term financing and cutting costs, as executives prepare for what they fear could be the sector's first economic…


Cain's Fed chances in peril as fourth Republican opposes Trump pick

WASHINGTON, April 12 — US President Donald Trump's expected nomination of former pizza chain executive Herman Cain to the Federal Reserve appeared in jeopardy yesterday after a fourth Republican senator voiced opposition, possibly denying Cain the…


Asian shares tread water amid mixed growth signals

SHANGHAI, April 12 — Asian shares were flat and US Treasury yields pulled back today as investor caution prevailed ahead of the release of first-quarter corporate earnings, although stronger US economic data helped offset some concerns about…


Auto tariff war would hurt more than US-China fight, says IMF chief economist

WASHINGTON, April 11 — A new trade war sparked by US automotive tariffs has the potential to do much more damage to global economic growth than the US-China trade conflict has done, International Monetary Fund chief economist Gita Gopinath said…


Wall St ekes out gains as investors shrug off Fed minutes

NEW YORK, April 11 — Technology stocks led Wall Street slightly higher yesterday, as US inflation data proved to be benign and the minutes from the Federal Reserve's March meeting were unsurprising. The blue-chip Dow, held back by industrial…


US consumer prices post biggest increase in 14 months

WASHINGTON, April 10 — US consumer prices increased by the most in more than a year in March, but underlying inflation remained benign against the backdrop of slowing domestic and global economic growth. The Labour Department said today its…


Futures tick higher as focus turns to central banks

NEW YORK, April 10 — US stock index futures rose slightly today after a bout of selling on trade and growth concerns, as investors awaited minutes from the Federal Reserve’s latest meeting and the start of the corporate earnings season. The…


Trump urges Fed to lower US interest rates

WASHINGTON, April 5 — President Donald Trump said today the US Federal Reserve should lower interest rates and take other unconventional measures to ease pressure on an economy that he said they slowed down. “I think they should drop rates,”…