NEW YORK, May 25 (Xinhua) — U.S. stocks climbed on Wednesday as investors digested the latest meeting minutes from the Federal Reserve. The Dow Jones Industrial Average rose 191.66 points, or 0.60 percent, to 32,120.28. The S&P 500 added 37.25 points, or 0.95 percent, to 3,978.73. The Nasdaq Composite Index increased 170.29 points, or 1.51 […]

Washington ends bond payments waiver, pushing Russia towards a technical default The US Treasury Department announced on Tuesday that it would not extend the sanctions waiver that allowed Russia to make sovereign debt payments to Americans, in a move officials previously said would cause Moscow to be in technical default of its debt obligations.  The […]

NEW YORK, May 23 (Xinhua) — U.S. stocks rallied on Monday, reclaiming some of the heavy losses they had suffered recently, bolstered by solid gains in bank shares. The Dow Jones Industrial Average jumped 618.34 points, or 1.98 percent, to 31,880.24. The S&P 500 increased 72.39 points, or 1.86 percent, to 3,973.75. The Nasdaq Composite […]

ISLAMABAD – Former Pakistani Prime Minister Imran Khan announced Sunday he would lead a massive anti-government ‘peaceful march’ on the national capital, Islamabad, later this week to press his demand for fresh elections. Khan asked supporters of his Pakistan Tehreek-e-Insaf (PTI) party and Pakistanis at large to reach the city to join his rally starting […]

Beijing [China], May 22 (ANI): China is seeking to refill its strategic crude stock pipes with discounted Russian oil, a sign that Beijing is strengthening its ties with Moscow as the country stands alone after launching its military operation against Ukraine. Responding to whether China supports Russia by buying more energy and other commodities, Foreign […]

Colombo [Sri Lanka], May 21 (ANI): Grappling with severe medicine shortages, the Japanese government came forward to help Sri Lanka by providing USD 1.5 million for essential medicines through UNICEF to meet the urgent needs of the population. The contribution of USD 1.5 million will help UNICEF to procure the medicines for over 1.2 million […]

new york – Another volatile day on Wall Street ended with more losses for stocks Thursday, drawing the S&P 500 closer to its first bear market since the beginning of the pandemic. A bear market means that an individual stock or a stock index, like the S&P 500, has fallen at least 20% from a […]

NEW YORK, May 18 (Xinhua) — U.S. stocks plummeted on Wednesday as weak earnings from major retailers stoked concerns about the impact of inflation. The Dow Jones Industrial Average plunged 1164.52 points, or 3.57 percent, to 31,490.07. That marked its worst daily percentage decline since June 2020, according to Dow Jones Market Data. The S&P […]

With more countries exploring digital currencies, traditional cash could soon become a thing of the past, writes Paul Budde. CENTRAL BANKS across the world have been exploring the possibility of implementing a digital currency – Central Bank Digital Currencies (CBDC). A digital currency can provide a safer financial environment as it will enable individuals, private […]

NEW YORK, New York – Weak economic news out of China undermined stocks on Wall Street on Monday. The major indices had a wild ride with rallies being confronted by hoards of sellers. Major early gains evaporated as the day wore on. “China data was kind of the morning overhang on the market, but it’s […]