TOKYO (AP) — Japan’s trade deficit surged to over 2 trillion yen ($15 billion) in November as higher costs for oil and a weak yen combined to push imports sharply higher. It was the 16th straight month of red ink and a record high for the month of November. The country will likely post a…
NEW YORK (AP) — Stocks fell broadly on Wall Street Thursday following the latest signal from the Federal Reserve that interest rates will need to go higher than previously expected in order to tame inflation. The S&P 500 fell 2.3% as of 12:33 p.m. Eastern. The Dow Jones Industrial Average fell 772 points, or 2.3%,…
By Davide Barbuscia and David Randall (Reuters) – Some investors believe an expected recession will force the Federal Reserve to loosen monetary policy next year, even as the central bank projects it will raise rates higher than it previously anticipated and keep them there longer as it fights to crush inflation. The dynamic came into…
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s property sector shrank further in November, with falls in prices, sales and investment, partly as COVID-19 restrictions hit demand, although recent market-supportive policies and the easing of COVID curbs have burnished the outlook. Analysts expect sentiment to recover gradually next year, as the relaxation of COVID…
NEW YORK (AP) — The Federal Reserve’s move Wednesday to raise its key rate by a half-point brought it to a range of 4.25% to 4.5%, the highest level in 14 years. The Fed’s latest increase — its seventh rate hike this year — will make it even costlier for consumers and businesses to borrow…
