UK sanctions Iran and summons ambassador over RAF Fairford incident
The UK has imposed new sanctions on Iran and summoned its ambassador after Prime Minister Andy Burnham said it was…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
US Treasury yield surge triggers mortgage hedging, adding to bond market pressure
Mortgage-related hedging is adding selling pressure to a strained US bond market after long-term Treasury yields rose sharply. Reuters reports…
Hall and Woodford win Nobel economics prize for work behind central bank models
Robert E. Hall and Michael Woodford won the Nobel Prize in economics for work on the microeconomic foundations of macroeconomic…
EU caps Chinese hybrid car imports at 350,000 a year
The European Commission has agreed with Beijing to cap Chinese hybrid car imports at 350,000 vehicles a year. EU leaders…
India’s retail inflation jumps to 5.54% in September, raising odds of more RBI rate hikes
India's retail inflation rose to 5.54% in September, near the upper end of the central bank's 2%-6% tolerance band. Food…
