Fed Lifts Rates, Steepens Path Through 2020 for More Hikes
March 24, 2018
  • Split FOMC continues to see three rate increases in 2018
  • Policy makers boost economic growth forecasts for 2018, 2019

Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast Continue reading

Powell Says Strong Outlook to Prod Fed to Review Rate-Hike Path
March 21, 2018

Jerome Powell opened the door to the Federal Reserve raising U.S. interest rates four times this year as he acknowledged strengthening economic growth and inflation may prompt policy makers to rethink their plan for three hikes.

“My personal outlook for Continue reading

Egyptian Billionaire Eyes Further Pakistan Real Estate Projects
March 13, 2018

Egyptian billionaire Naguib Sawiris’s Ora Developers will next month start building a luxurious $2 billion housing estate on the outskirts of Islamabad and is eyeing further projects as it taps demand from overseas Pakistanis.

The ‘Eighteen Islamabad’ development will feature Continue reading

World’s Second-Tallest Building Opens With a Whimper After Delay
January 6, 2018

After more than two years of red tape that kept tenants from moving in, China’s tallest skyscraper, the Shanghai Tower, has been quietly opening and filling office space. 

More than 60 companies now occupy office space on its 128 floors Continue reading

Americas Inequality Machine Is Sending the Dow Soaring
January 5, 2018

The Great Recession is a speck in the rear-view mirror for America’s financial markets. They’ve advanced far beyond pre-crisis levels. In fact, Goldman Sachs says you can go back a century before 2008, and still not find a “bull market Continue reading

Goldman Warns That Market Valuations Are at Their Highest Since 1900
December 2, 2017

A prolonged bull market across stocks, bonds and credit has left a measure of average valuation at the highest since 1900, a condition that at some point is going to translate into pain for investors, according to Goldman Sachs Group Continue reading

Banks Pine for Loan Growth as Clients Wait on Trumps Promises
October 19, 2017

President Donald Trump’s pledges to overhaul taxes, trade, infrastructure and health care may thrill some corporate leaders, but it’s causing many to delay expansions. That’s bad for banks.

Lending growth probably decelerated for a fourth straight quarter in the three Continue reading

Austrians Lean Toward Nationalist Government Led by a Millennial
October 18, 2017

Austrians profiting from the fastest economic growth in six years look likely to ditch their current coalition in favor of a new government backed by anti-immigration nationalists and headed by the world’s youngest leader.

Polls suggest that Austria’s 31-year-old Foreign Continue reading