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China’s shipments of rare earth magnets to the US fell sharply last month, according to official Chinese customs data released Sunday. Supply of the materials, critical to high-end manufacturing, is…
The Bank of Japan raised its benchmark interest rate to 1.25% on Friday, taking borrowing costs to their highest level in more than three decades and adding a new risk…
The Federal Reserve delivered its first rate hike since July 2023 on Wednesday, lifting the federal funds target range by 25 basis points to 3.75%-4% in a unanimous 12-0 decision.…
On Thursday, the US State Department notified Congress of a potential sale of up to 48 F-35 fighter jets to Saudi Arabia, while oil prices fell about 2% as concerns…
US President Donald Trump criticised the Federal Reserve’s latest interest-rate increase on Wednesday, saying policymakers were “doing the wrong thing” after the central bank unanimously raised borrowing costs for the…
The Bank of England kept interest rates unchanged on Thursday but warned that a prolonged conflict in the Middle East could push inflation higher and force it to raise borrowing…
The number of Americans filing new claims for unemployment benefits unexpectedly declined last week, offering another indication of resilience in the US labour market even as the Federal Reserve tightens…
UK inflation accelerated to 3.1% in August, moving further above the Bank of England’s target and exposing a widening gap between actual price pressures and the central bank’s assumptions just…
The Federal Reserve is increasingly expected to raise interest rates by 25 basis points on Wednesday, after hotter-than-expected inflation and higher energy prices forced markets to rethink the path for…
