Fed hikes bechmark rate on Wednesday

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Federal Reserve raised its benchmark rate to 1.75% on Wednesday, saying that government spending and tax cuts would boost the US economy.
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Wed, 21 Mar 2018 20:00:37 GMT

US business borrowing for capital goods jumps 31% in February

The US business borrowing for equipment surged 31% year-on-year in February to $7.7B, as companies expect increased demand after tax cuts, ELFA reported on Wednesday.

Wed, 21 Mar 2018 18:59:28 GMT

UBS to pay $230M settlement for misleading investors

UBS AG has reached a settlement with the state of New York worth around $230M for misleading investors about subprime mortgage securities prior to the financial crisis in 2008.

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