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Chinese Premier Li Qiang said on Thursday his nation’s differences with New Zealand must not become a “chasm”, pledging greater trade and “friendship” after touching down in Wellington for rare bilateral talks.
The U.K. has a serious problem.
The Federal Reserve held interest rates steady at their current range of 5.25% to 5.5%, but revised its outlook for rate cuts to just one in 2024. Central bank policymakers noted that there has been "modest further progress" toward its 2% inflation objective. Federal Reserve Chair Jerome Powell noted at the press conference that the central bank does not yet have the confidence to cut rates, even as inflation has eased from its peak levels.
Argentina's Senate narrowly passed President Javier Milei's sweeping economic reform bill, delivering a tentative legislative victory to the right-wing leader even as protesters clashed with riot police.
The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy, the Labor Department reported Wednesday.
BANGKOK (AP) — Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country’s civil war increasingly disrupts trade and livelihoods.
For two years, Western allies have debated how to deal with $300 billion in frozen Russian assets. The G7 leaders, who will meet beginning today in Italy, seem on the brink of announcing a compromise.
WASHINGTON (Reuters) -- The U.S. Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-point reduction for the year amid rising estimates for what it will take to keep inflation in check.