Fitch Ratings downgraded the United States’ long-term foreign currency credit rating to AA+ from...
Volkswagen Acquires 5% Stake in China’s Xpeng after a Joint Deal to Develop EV
The German automobile manufacturer Volkswagen stated on Wednesday that it has signed a deal...
Another Rate Hike in September Not Off the Table as Fed Raises Benchmark by 25bps
The U.S. Federal Reserve on Wednesday decided to raise its interest rate by another...
Markets Expect Fed Quarter Point Hike despite Improving Inflation Picture
Markets still expected the Federal Reserve to raise interest rates by a quarter point...
Oil Prices Retreat after U.S. Crude Stockpiles Rise; Fed Rate Decision in Focus
After hitting a three-month high the day before, oil prices dipped in early Asian...
IMF Raises Global Growth Forecast to 3%, Seeing Recovery in Economy but Warns of Challenges Ahead
The International Monetary Fund (IMF) slightly raised its 2023 global growth estimates as US...