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BBCNEWS Business Today - NYSE Opening Bell September 20, 2024

I m ritika gupta. Welcome to business today, live from New York, us shares have made a strong start this thursday as investors wrap their heads around Thatjumbo Half Percent cut in Interest Rates from the Federal Reserve and later comments from chairjerome powell. Was it a Panic Measure in response to a sharp slowdown in the economy . Traders remember similar moves just before the Dotcom Crash the Global Financial Crisis and the pandemic. Well, in his Press Conference Mr powell was keen to dispel any such negative thoughts. The us economy is in a good place and our Decision Today is designed to keep it there. More specifically the economy is growing at a solid pace. Inflation is coming down closer to our 2 objective over time and the Labour Market is still in solid shape. Our intention is really to maintain the strength that we currently see in the us economy. Lets bring ....

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BBCNEWS Business Today September 20, 2024

Caution at the Bank Of England. It keeps Interest Rates on hold but the governor tells us they are optimistic that Borrowing Costs are on the Path Down. Over on Wall Street though the party is back on. Shares hit a new Record High as the fed says the economys in a good place despite Itsjumbo Rate cut billion dollar breaks Australias Economy rides a wave of interest in surfing. It is the government fully with the sport . All those puns to come a little later in the programme. We start here in the uk where the bank of England Governor Andrew Bailey has said Interest Rates are now gradually on the Path Down despite the Banks Decision to keep the cost of borrowing on hold today. The banks main rate was left at 5 after it was cut last month for the first time in more than four years. The bank ratcheted up Interest Rates to try and control inflation which hit a peak of 11. 1 back in 2022. ....

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China sets up mechanism to hear foreign firms' issues, suggestions

China s commerce ministry
said on Tuesday it has set up a roundtable and coordination
mechanism for foreign-funded enterprises to hear out their
difficulties, opinions and suggestions.
.
-June 03, 2024 at 07:17 pm EDT
- MarketScreener ....

Jacqueline Wong , Wang Wentao , Liz Lee , Minister Wang Wentao ,

China courts Spain to push EU on electric vehicle probe

China hopes Spain will push
the European Union to support and encourage the new energy
industry to deepen cooperation and create a fair and predictable
development environment, according to its.
-June 03, 2024 at 09:37 pm EDT
- MarketScreener ....

Jacqueline Wong , Liz Lee , Stephen Coates , Wang Wentao , European Union , European Parliament , European Union Chamber , European Union Commission , Minister Wang Wentao ,

What overcapacity? China says its industries are simply more competitive

The last day of U.S.
Secretary Janet Yellen s trip to China coincided with the
strongest retort yet from Beijing officials over her claims that
China is flooding global markets with cheap goods,.
-April 10, 2024 at 07:25 pm EDT
- MarketScreener ....

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