Business

As Fed rate hike speculation eases, global stocks recover

Canada's main stock index fell more than 200 points as USA markets slid on Tuesday, with energy stocks falling on lower oil prices and financials hit by diminished prospects of an interest rate hike in the near term. Markets are pricing in an even lower probability for September. The Fed governor said the central bank should be cautious about raising rates to avoid getting trapped in a low-growth, low-inflation environment.

Business

Asia stocks rise, dollar sags after Fed official's dovish comments

The U.S. dollar received a boost from the reports on the BOJ. Traders were unsure how the BOJ would try to steepen the yield curve if goes down that path at a policy review later this month, but markets are anxious that tapering of its buying in long-dated bonds could be among the options.

Business

Palestinian leader accuses Israel of 'ethnic cleansing'

Netanyahu also turned the tables on the "ethnic cleansing" charge, noting that the only side trying to ethnically cleanse anything is the Palestinian leadership, which demands a state free of Jews. A document from a British archive collection suggests that current Palestinian President Mahmoud Abbas was once a K.G.B. agent for the Soviets during the Cold War era.

Business

Computer glitch delays BA passengers

Although all of its flights out of Jersey ran to schedule, passengers at larger airports have experienced long delays. British Airways released a statement announcing , "Our IT teams are working as hard as they can to quickly fix a problem with our check-in system".

Business

FTSE 100 slides 1.5% on fears of imminent U.S. rate hike

Spreadex financial analyst Connor Campbell said: "Without anything to distract them the markets are still looking pretty bloody, with investors continuing to wallow in their pre-Fed jitter". ABF added that post-Brexit currency movements would have both positive and negative effects on the group. United Kingdom stocks were dragged down by Associated British Foods (ABF), which said that like-for-like sales at Primark are expected to fall by 2% over the year as warm pre-Christmas weather and ...

Business

Fed's Dennis Lockhart: 'Serious discussion' of interest-rate hike needed

He added in later comments to reporters that there was no "urgency" to act at any particular meeting as the Fed debates whether its current ultra-low interest rate remains appropriate for an economy that is "chugging along". Lockhart said in a morning address at the National Association of Business Economists. The benchmark federal funds rate has been held in a target range of 0.25 percent to 0.5 percent since a hike in December that was the first increase in almost a decade.