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Economy
Multi-day protests over economic crisis grip Ghana’s capital
Ghanaians gather for the third day of anti-government protests amid police arrests and obstruction in Accra, Ghana, September 23, 2023. REUTERS/Francis Kokoroko Acquire Licensing RightsACCRA, Sept 23 (Reuters) - Hundreds of…
U.S., China agree to forge new economic, financial dialogues
Comment on this storyCommentThe U.S. Treasury Department announced Friday it had formally established two new working groups to discuss China-U.S. economic and financial issues, a tentative sign that communication is improving between…
Global central banks unite in ‘higher for longer’ credo
BoE vows to keep rates high enough for long enoughGlobal "soft landing" may be in sight; risks remainSome investors question whether rhetoric will holdSept 21 (Reuters) - Central banks for the world's biggest economies have served notice…
Russia puts squeeze on oil market with diesel export ban
Receive free Energy sector updatesWe’ll send you a myFT Daily Digest email rounding up the latest Energy sectornews every morning.Russia has barred the export of diesel and petrol as crude oil prices rise towards $100 a barrel, marking…
The Fed hits pause on interest rate hikes while it reviews more data
Washington, DC
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The Federal Reserve said Wednesday it will pause its rate hikes, keeping its benchmark…
China keeps benchmark rates unchanged as economy finds footing
Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo Acquire Licensing…
Central banks must keep interest rates high until inflation is tamed, says OECD
Receive free Global economic growth updatesWe’ll send you a myFT Daily Digest email rounding up the latest Global economic growthnews every morning.Central banks should hold interest rates at their current high levels or raise them…
Stock market today: Wall Street drifts ahead of Fed meeting as oil prices keep
NEW YORK (AP) — Wall Street is drifting Monday, while oil prices keep rising to raise the pressure on inflation.The S&P 500 was 0.1% higher in midday trading, coming off its second straight…
Inflation likely gained pace in August, economists expect, reversing progress
Open this photo in gallery:A person is silhouetted as people shop for produce at the Granville Island Market in Vancouver, on July 20, 2022.DARRYL DYCK/The Canadian PressEconomists are forecasting that inflation reaccelerated to around 4…
World Adapts to Fed’s Rate Order in 36-Hour Sequence
(Bloomberg) -- A 36-hour rush of global monetary decisions may set the tone for the rest of the year as the world adjusts to a US push to keep interest rates high.Most Read from BloombergStarting with the Federal Reserve on Wednesday and…