Latest News

US Fed poised to keep rates unchanged as it opens key meeting
US Fed poised to keep rates unchanged as it opens key meeting
Economy
by  AFP

The US central bank opened a key policy meeting Tuesday, with officials widely expected to hold interest rates at a 22-year-high as they balance efforts to lower inflation while staving off a recession. With financial conditions tightening, analysts expect the Fed can continue holding rates steady.

Caterpillar earnings boosted by North American strength
Caterpillar earnings boosted by North American strength
Economy
by  AFP

Caterpillar reported higher profits Tuesday behind strong pricing trends, especially in its home North America market, which led revenue growth. Umpleby told Wall Street analysts the company expects "continued weakness" in China where construction activity is well below the long-term growth trends.