Jerome Powell showed no signs of giving up the Fed’s patient stance on interest rates, despite conflicting currents in the economy. As Fed policymakers wrapped up their two-day meeting, they voted unanimously to keep borrowing costs unchanged, a day after Donald Trump’s demand that they cut them by a percentage point to fuel growth. Still, traders have expected the next move to be a downward one in light of subdued inflation, which the Fed indicated might pick up.
The two sides are getting closer to a deal that includes a staged rollback of Trump’s tariffs, with some staying until after the 2020 election, Politico reported.Theresa May and her archrival Jeremy Corbyn look like they’re nearing one, after a month of talks that seemed doomed. Both camps talked up the prospects, and Wednesday, May signaled she might budge on a key red line: a permanent customs union with the EU.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Thursday April 25: Five Things You Need to Know to Start Your DayFacebook and Microsoft deliver solid results, Goldman may have to plead guilty over 1MDB, and Boeing’s chief insists the 737 Max will be one of the safest airplanes ever to fly. Here are some of this morning’s key stories.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Monday April 28: Five Things You Need to Know to Start Your DayTakeaways from China’s Belt and Road forum. Japan markets are shut for the week, but there is a slew of key global data that traders will be watching. Incumbent Sanchez set to be returned as Spain’s PM after election. Here’s what’s moving markets.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Friday April 26: Five Things You Need to Know to Start Your DayU.S.-China trade talks circle around pharma, Tesla’s quarter proved to be one of the “top debacles” in 20 years of tech, and Joe Biden throws his hat in the presidential ring. Here are some of this morning’s key stories.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Tuesday, April 30: Five Things You Need to Know to Start Your DayWarnings signs for China stocks and Boeing says it didn’t mean to deactivate a pilot alert on the 737 Max. Here’s what’s moving markets.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Google Advertising Revenue Growth Slows, Triggering Share SlumpAlphabet Inc.’s first-quarter revenue missed analysts’ estimates, sparking concern that advertisers are shifting some spending to digital rivals. Shares of Google’s parent company fell more than 6% following the results.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: The spectre of Stagflation is haunting South Africa and the alternative is also scarySouth Africa's economy does not have a lot in its favour at the moment. Relatively moderate inflation in recent years has been one of the few bright spots. Even this has been a mixed blessing as it partly stems from subdued demand. This could change soon, with price pressures unrelated to consumption building in the economy. Against the backdrop of anaemic growth and sky-high unemployment, this could unleash the spectre of stagflation. And if prices do remain subdued, it is only because of the dire state of the economy.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: South Africa is not the only regional economy with a debt problemSouth Africa was not the only economy in the region to suffer a lost decade or ‘nine wasted years’, to quote President Cyril Ramaphosa. In some ways mirroring Pretoria’s trajectory, many African economies have been racking up concerning levels of debt against a backdrop of relatively sluggish growth. Part of this stems from continued reliance on natural resources. The failure to diversify or industrialise is one reason why so much of the past decade has been lost.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Second-Biggest Diamond in History Found, But It’s Not That GreatA giant 1,758-carat diamond, the second-biggest ever discovered, has been found in Botswana. But unlike its rivals, it won’t fetch a record-breaking price.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Anadarko Board Faces Scrutiny Amid $38 Billion Bidding WarAnadarko Petroleum Corp.’s market value has soared 56 percent since a bidding war for the American shale driller kicked off two weeks ago. Yet the company’s directors have managed to step on the toes of almost every player involved.
Source: dailymaverick - 🏆 3. / 84 Read more »