to ease rising prices. data you may recall this week showed a drop from its peak of 1.9% in mid 2022 tojust 3.1% in november. that is above the beds target of 2% and jerome powell cautioned the committee had not ruled out raising rates again in the future. still, wall street, all three major markets finished higher and the dow jones industrial average jumped more than 500 points to a record close. this is the third time in a row after all that central bank decided against another rate hike. for investors satisfied that the fed is done, the only question on their minds is when will the fed start cutting them? investment firm t row what happened in the us overnight? i talked to someone from t rowe price earlier and asked her what the fed s decision means the rest of the world. i think this is a very good question on what we have seen during this business cycle is that the fed and the us rates tend to lead other markets so that is one way we can take signal from what s happeni
to discuss, not least the ongoing disputes over trade, technology, taiwan, and fentanyl. the bbc s james clayton is in san francisco and he s filed this report. apec has started here and it is a huge moment for the city of san francisco, the biggest summit to be held here since the united nations charter was signed here in 1916. this is a huge economic summit. you are talking about more than 50% of all of the world s trade belongs to the 21 nations who will be attending here this week. and we are talking about 40% of the world s population. so it is a big economic conference, but by far the biggest ticket item here is the meeting between president biden and his counterpart in china, president xijinping. relations between those two nations have not been good as late. they last met last year in indonesia and since then you have had that moment where the american government shot down the chinese spy balloon and flaming tensions in the south china sea and also joe biden ramping u
to discuss, not least their ongoing disputes over trade, technology, taiwan, and fentanyl. the bbc s james clayton is in san francisco and he s filed this report. apec has started here and it is a huge moment for the city of san francisco, the biggest summit to be held here since the united nations charter was signed here in 1916. this is a huge economic summit. you are talking about more than 50% of all of the world s trade belongs to the 21 nations who will be attending here this week. and we are talking about 40% of the world s population. so it is a big economic conference, but by far the biggest ticket item here is the meeting between president biden and his counterpart in china, president xijinping. relations between those two nations have not been good as late. they last met last year in indonesia and since then you have had that moment where the american government shot down a chinese spy balloon and flaming tensions in the south china sea and also joe biden ramping u
Davis is pretty sure that not certain that the uk can secure a deal with the eu. Now on bbc news all the latest Business News live from singapore. From high skilled worker visas to import duties, how much can indias Prime Minister accomplished during his 48 hours in washington . And it has been almost 20 years since the asian prices tripled several economies in this region. We hear from Business Owners who lost everything. Hello and look into Asia Business report. Im sharanjit leyl. Indias Prime Minister Narendra Modi is on a visit to washington. It is his first meeting with donald trump and india us trade has grown to 115,000,000,02016 us trade has grown to 115,000,000,020 16 from 19 billion in 2000. But with rising protection in the United States and in particular a crackdown on visas for indians, it is harder to export for india. Hoping to get american and tension one stitch at a time. These products are headed to the us. 0ne one stitch at a time. These products are headed to the us
President trump is stepping up the pace here in washington. The oil and car sectors were both in his sights today. Mr trump is urging a new strategy for two very prominent american industries. The new administration is making big changes to americas stand on both energy and the environment. This morning, the president signed two Executive Orders to move ahead on a pair of Controversial Oil pipelines, known as the keystone xl and dakota access. Both had been stalled by the Obama Administration because of environmental concerns. Senatorjohn barrasso from wyoming is part of the Republican Leadership and he sits on the energy and the environment committees. I spoke to him a brief time ago about these new Executive Orders and President Trumps busy first couple of days. It looks like these signings this morning on the pipelines, thatjobs are going to win. I believe it is not one or the other, i think we can have clean air, clean water, clean land and still a healthy economy. The Obama Admini