New York Fed Says Williams Wasn't Sending Specific Policy Signal in Speech
New York Fed President John Williams didn't intend to suggest Thursday that the central bank might make a large interest rate cut this month, a spokesman said.
PBOC Conducts Biggest Weekly Cash Injection in Six Months
China's central bank pumped a net $68.51 billion of liquidity into the financial system via reverse repos this week, in an effort to lower market rates.
U.K. Audit Regulator Gets a New Leader as Bigger Changes Loom
The U.K. government named a new chief executive for the Financial Reporting Council, a move that comes as the audit and accounting watchdog prepares for a wide-ranging overhaul amid concerns about its effectiveness.
U.S. Imposes New Iran Sanctions
The Trump administration blacklisted several companies and individuals it said helped Iran procure materials for the country's nuclear-enrichment program.
Senators Introduce Bill Restricting Huawei From Buying, Selling U.S. Patents
Republican senators introduced legislation aimed at blocking Huawei from buying or selling U.S. patents in the latest action by Washington targeting the Chinese telecom giant.
Global Easing Cycle Gains Momentum as Central Banks Cut Rates
Central banks in Asia and South Africa lowered their interest rates, joining a global easing bandwagon that started earlier this year in the Asia-Pacific region and is expected to include the U.S. and Europe within weeks.
U.S. Stocks Turn Positive After Fed Comments
U.S. stocks broke into positive territory late Thursday after a Federal Reserve official urged central banks to lower interest rates swiftly on signs of economic weakening.
Nickel Prices Reach One-Year Highs
Nickel prices rose to a one-year high, boosted by constricting supply and bullish speculators.
July Data Throw Size of Expected Fed Rate Cut Into Doubt
Investors have gone from debating whether the Federal Reserve will lower interest rates to grappling over how big the cut will be.
Trump Administration, Congress Have Agreed on 'Top-Line' Spending Levels, Mnuchin Says
Treasury Secretary Steven Mnuchin said Congress and the Trump administration have agreed on overall spending levels and raising the U.S. government's borrowing limit for two years.