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Archive

World

Friday, September 18, 2020

Fed begins tussle over practical meaning of new inflation policy
USA

Fed begins tussle over practical meaning of new inflation policy

  • The new policy, laid out in a strategic document last month and incorporated into a policy statement issued on Wednesday.
  • Atlanta Fed President Raphael Bostic said, for example, that he'd be paying closer attention to how fast inflation rises rather than on its quarter-to-quarter level in implementing the new approach.
Published 18 Sep, 2020 08:12pm
China slams Pompeo for 'arrogance' during South America trip
South Asia

China slams Pompeo for 'arrogance' during South America trip

  • We've watched the Chinese Communist Party invest in countries, and it all seems great at the front end and then it all comes falling down when the political costs connected to that becomes clear.
  • Any attempt to sow discord between China and Suriname is doomed to fail.
Published 18 Sep, 2020 07:59pm
US current account deficit surges 52.9pc in second quarter
USA

US current account deficit surges 52.9pc in second quarter

  • The Commerce Department said on Friday the current account deficit, which measures the flow of goods, services and investments into and out of the country.
  • Data for the first quarter was revised higher to show a $111.5 billion shortfall, instead of $104.2 billion as previously reported.
Published 18 Sep, 2020 06:27pm
Trump offered to pardon Assange if he provided source for Democratic emails
Europe

Trump offered to pardon Assange if he provided source for Democratic emails

  • Assange's lawyer, Jennifer Robinson, said she observed a meeting where former Republican US Representative Dana Rohrabacher and Charles Johnson.
  • Robinson said Assange was told that Trump approved of the meeting and that Rohrabacher would later meet with the president to discuss the reaction to the proposed deal.
Published 18 Sep, 2020 06:06pm
Fed's Kashkari wanted stronger commitment to delay rate hikes
World

Fed's Kashkari wanted stronger commitment to delay rate hikes

  • The US central bank earlier this week signaled it would keep interest rates in their current range of 0% to 0.25%.
  • I would have preferred the Committee make a stronger commitment to not raising rates until we were certain to have achieved our dual mandate objectives.
Published 18 Sep, 2020 06:05pm
Aid worker killed in DR Congo
World

Aid worker killed in DR Congo

BENI, (DR Congo): A worker with the British charity World Vision has been killed in an ambush on a humanitarian...
Updated 18 Sep, 2020 03:21am