Most economists expect the Federal Reserve to pause interest-rate increases next week for the first time in 15 months and leave policy on hold through December, even as it confronts a resilient US economy and persistent inflation.
China’s central bank will keep monetary policy targeted and ensure credit growth is stable, Governor Yi Gang said, keeping the policy stance largely unchanged despite rising calls for more stimulus.
Turkish President Recep Tayyip Erdogan named Hafize Gaye Erkan, a former co-chief executive officer of First Republic Bank, as his new monetary chief, a move that may mark the end of ultra-low interest rates and constant government interventions to prop up the lira.
Here is a snapshot of what’s happening with Iran, its nuclear talks and energy markets.
General Motors Co. will adapt its electric vehicles to Tesla Inc.’s Superchargers, following Ford Motor Co.’s lead and all but ensuring it will become an industry standard in the US.
European Union countries are still struggling to agree on new sanctions on Russia over its invasion of Ukraine, as member states continue to haggle over just how tough enforcement should be.
As escalating catastrophes take a toll on profitability, insurance companies are getting better at looking forward. The results aren’t pretty.
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The AI frenzy that has driven massive inflows into tech stocks is marking a pause, Bank of America Corp. says.
India is weighing a proposal to cut official annual gross domestic product estimates to four releases from six to avoid multiple revisions that market watchers in the past have described as confusing, according to people familiar with the matter.
