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NEW YORK: A gauge of world equity markets and the dollar rose on Thursday after the U.S. Federal Reserve said it would roll out an aggressive new strategy that aims to boost employment and allow inflation to run a bit faster for longer than in the past.
WASHINGTON, Aug. 27 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell announced on Thursday that the central bank will seek to achieve inflation that averages 2 percent over time, a new policy strategy that will likely keep short-term interest rates near zero for years.
WASHINGTON, Aug. 27 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell announced on Thursday that the central bank will seek to achieve inflation that averages 2 percent over time, a new strategy for carrying out monetary policy to help fight the COVID-19 pandemic and boost economic recovery.
LAST month, Dnyaneshwar Siddhanth, a farmer from India’s western state of Maharashtra, was in desperate need of money to buy seed and fertiliser as the monsoon sowing season approached
UNITED NATIONS, Aug 27 (Xinhua): A United Nations report launched said that digital finance has become a lifeline during the crisis caused by the Covid-19 (coronavirus) pandemic.
CHICAGO, Aug. 26 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Wednesday as investors were concerned over inflation ahead of Federal Reserve Chairman Jerome Powell's coming speech at the Jackson Hole Economic Policy Symposium on Thursday.
HONG KONG/BEIJING: Ant Group, the Chinese financial technology giant backed by Alibaba Group, gave the public a first look at its financial health on Tuesday when its filed for a dual listing in Hong Kong and Shanghai in what is potentially the world's largest IPO.
It sounds like a surefire bet. You lend money to a borrower who puts up collateral that exceeds the size of the loan, and then you earn interest of about 20%. What could possibly go wrong?