Business


US Fed interest rate hikes keep coming

The U.S. Federal Reserve will probably end its massive bond-buying program this fall, and could start raising interest rates around six months later, Fed Chair. One FOMC member, Minneapolis Federal Reserve Bank President Neel Kashkari , dissented from the decision, preferring to keep policy on hold for now.


Home sales rose in May but buyers face sharply rising prices

Home sales rose in May but buyers face sharply rising prices

But many possible buyers are finding their ambitions thwarted because there aren't enough homes for sale. Sales of existing homes rose 1.1 percent last month to an annual rate of 5.62 million, seasonally adjusted, but the increase appeared larger after April's already-low numbers were revised downward.



OH city makes plans for North Korea-held student's funeral

While the United States conducts bomber flights in the region on a routine basis, Tuesday's joint training mission is particularly noteworthy as it comes just one day after the death of Otto Warmbier - a 22-year-old American who was detained in North Korea for 17 months.


Turkish FM urges peace, dialogue in Gulf crises

Turkish FM urges peace, dialogue in Gulf crises

The US and Qatar have signed a $12bn deal to supply dozens of F-15 jets to the tiny gas-rich Gulf emirate, despite recent high-profile claims by President Donald Trump alleging Qatar's "high-level funding" of terrorism. Trump on Friday accused Qatar of being a "high-level" sponsor of terrorism, potentially hindering the USA department of state's efforts to ease heightening tensions and a blockade of the Gulf nation by Arab states and others.


MSCI adds China-listed stocks to index in long-awaited move

MSCI adds China-listed stocks to index in long-awaited move

The magic number of 222 that MSCI has come up with comes from counting up every large-cap A-share accessible through Stock Connect , minus any that are excluded due to trading suspensions. Global equity indexes provider MSCI announced Tuesday that beginning in June 2018, it will include China A-shares in the MSCI Emerging Markets (EM) Index and the MSCI ACWI (All Country World Index) Index.


May promises to listen on Brexit as Queen presents government programme

May promises to listen on Brexit as Queen presents government programme

Minority governments are a rare occurrence in British parliamentary politics where the electoral system usually produces a governing majority. Four militant attacks have raised questions about her grip on national security, and the death of at least 79 people in a tower block fire has become a flashpoint for public anger at her party's record in government.