Economy
The Federal Reserve has booked a $119 billion loss with experts warning taxpayers may suffer and the fiscal spiral could get worse.
Economy | LATEST STORIES
Britain's Cost of Borrowing Reaches 20-Year High
It comes as the price of 30-year UK government bonds has fallen again, amid anticipation that global interest rates will stay high for a longer period of time.
OPEC Head Warns ‘Dangerous’ Underinvestment in Oil Could Push Up Prices to $100
By 2030, half a billion people could move to cities all over the world, pushing up demand for energy.
World Bank Trims East Asian Growth for 2024 on Softer Trade, Debt Risks
Over the past 12 months, exports have eased considerably from China, Indonesia, Malaysia, and Vietnam.
Falling Coal Prices Set to Cost Australian Economy $58 Billion
Australian exports are forecast to fall from $467 billion in 2022–23 to $352 billion by 2024-25.
Lenders Urge Supreme Court to Strike Down Consumer Financial Protection Bureau
The unusual funding mechanism for the powerful regulator makes it unaccountable and unconstitutional, the court heard.
