USA

Here’s how Fed’s rate cut may play out for you

1:59 am September 19, 2019

WASHINGTON: The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans’ personal finances, experts say. That’s because the reduction doesn’t offset the increases of recent years. And as the key rate creeps closer to zero, financial institutions are […]

Sharply divided Fed reduces rates but may not cut again this year

1:52 am September 19, 2019

WASHINGTON: A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed’s move reduced its key short-term rate — which influences many consumer and business loans — by an additional quarter-point to a range of […]

Rocket blast at US Embassy in Kabul on 9/11 anniversary

3:07 am September 11, 2019

KABUL, Afghanistan: A rocket exploded at the US Embassy in Afghanistan just minutes into Wednesday, the anniversary of the 9/11 attack on the United States, but officials at the compound declared all-clear about an hour later and reported no injuries. A plume of smoke rose over central Kabul shortly after midnight and sirens could be […]

Trump says Apple will spend ‘vast sums’ in US

2:48 pm August 17, 2019

Washington: Donald Trump said Friday that tech giant Apple would be spending “vast sums” of money in the US in a tweet ahead of a dinner meeting with its CEO Tim Cook. The men have had several informal meetings before, including at Bedminster, New Jersey, where Trump is reportedly on a working holiday at his […]

PM Modi to chair meeting of CSIR society on Friday

Cong questions PM’s ‘silence’ over Trump’s mediation claim on Kashmir issue

10:32 am July 23, 2019

New Delhi: The Congress on Tuesday welcomed the government’s reiteration ofIndia’s ‘no third party involvement’ stand on the Kashmir issue but asked why Prime Minister Narendra Modi is “mum” over US President Donald Trump’s claim that the Indian leaderasked him to mediate on the matter. India denied Trump’s claim that Modi had asked him to […]

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