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Goldman Sachs agrees in principle to settle 1MDB case suit

Mon, 27 Apr 2026 07:55:40 GMT

NEW YORK CITY, New York: Goldman Sachs has agreed to settle a shareholder lawsuit accusing it of misleading investors over its role in the 1MDB scandal, marking another step in the long-running fallout from one of the world's biggest financial fraud cases.

In a letter filed in Manhattan federal court, Goldman and the shareholders said they had reached an agreement in principle and expect to submit the settlement

Market to track Middle East conflict, earnings and auto sales after flat week; Indian equities closed today for Maharashtra Day

Fri, 01 May 2026 07:28:52 GMT

New Delhi [India], May 1 (ANI): The Indian stock market will closely monitor developments in the Middle East, the earnings season, and April auto sales data in the coming week, as investors navigate persistent global and domestic headwinds, SBI Securities said in its weekly outlook.

'Any positive breakthrough in the Middle East could improve risk appetite and support equity markets,' the brokerage noted, adding t

U.S. key inflation gauge in March hits highest level in almost 3 years

Thu, 30 Apr 2026 23:15:15 GMT

NEW YORK, April 30 (Xinhua) -- Fast-rising gasoline prices pushed the U.S. Federal Reserve's preferred inflation gauge to 3.5 percent in March, marking its highest rate in almost three years, according to new economic data released on Thursday.

The U.S. personal consumption expenditures (PCE) price index for March rose 0.7 percent from February, a faster-than-expected acceleration from the previous monthly pace o

US Fed holds rates at 3.5%-3.75% amid dissent from four officials, flags Middle East tensions adding uncertainty

Thu, 30 Apr 2026 03:17:27 GMT

New Delhi [India], April 30 (ANI): The US Federal Reserve kept interest rates unchanged in the range of 3.5 per cent to 3.75 per cent at its latest policy meeting, even as four officials dissented and ongoing developments in West Asia added to uncertainty over the economic outlook.

In its statement, the Federal Open Market Committee (FOMC) said it decided 'to maintain the target range for the federal funds rate a

Update: U.S. Fed keeps interest rate unchanged amid high energy prices

Thu, 30 Apr 2026 00:15:15 GMT

Of the 12 FOMC members, 11 voted for keeping the rate unchanged. Stephen Miran, who voted against the action, preferred to lower the target range for the federal funds rate by 25 basis points at the meeting.

WASHINGTON, April 29 (Xinhua) -- The U.S. Federal Reserve on Wednesday decided to maintain its target range for the federal funds rate at 3.5-3.75 percent as high energy prices added inflatio

U.S.-WASHINGTON, D.C.-FEDERAL RESERVE-CHAIR-JEROME POWELL

Wed, 29 Apr 2026 23:45:33 GMT

(260429) -- WASHINGTON, April 29, 2026 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, April 29, 2026. The U.S. Senate Committee on Banking, Housing and Urban Affairs on Wednesday advanced confirmation of Kevin Warsh's nomination as the next Federal Reserve chair with a vote on party lines. Fed Chair Jerome Powell's term as Fed chair ends on May 15

Bank credit growth robust at 17.1% in FY26, but West Asia crisis dampens near-term lending outlook, govt. report says

Wed, 29 Apr 2026 22:39:55 GMT

New Delhi [India], April 29 (ANI): India's banking sector is expected to sustain credit growth momentum in the coming quarters, even as the prevailing crisis in West Asia has tempered banker sentiment for June quarter of the Financial Year 2026-27, according to the Department of Economic Affairs' monthly economic review - April 2026 . While loan demand and ease of terms have moderated, underlying financial stability in

U.S. Fed keeps interest rate unchanged amid high energy prices

Wed, 29 Apr 2026 18:15:31 GMT

NEW YORK, April 29 (Xinhua) -- The U.S. Federal Reserve on Wednesday decided to maintain its target range for the federal funds rate unchanged at 3.5-3.75 percent as high energy prices added inflation pressures.

Indian markets end higher despite brent crude topping $115, Nifty gains 0.8% led by ITC and Reliance

Wed, 29 Apr 2026 17:10:32 GMT

New Delhi [India], April 29 (ANI): The Indian stock markets displayed resilience on Wednesday, closing in the green despite Brent crude prices surging to $115 per barrel -- their highest level since 2022 -- amid heightened uncertainty over the Iran war and the UAE's decision to exit OPEC.

The Nifty 50 settled at 24,177.65 points, up 0.8 per cent, while the BSE Sensex closed 609.45 points higher at 77,496.36 point

US Fed likely to hold rates steady, amid inflation risks from conflict, in policy announcement today: Report

Wed, 29 Apr 2026 13:56:53 GMT

New Delhi [India], April 29 (ANI): The US Federal Reserve is expected to keep interest rates unchanged at its upcoming policy meeting on Wednesday, as rising inflation risks from geopolitical tensions and a slowing growth outlook complicate the policy environment, according to a report by ICICI Bank.

The report said that at the conclusion of its policy meeting scheduled for April 28-29, the Federal Open Market Co

Surging gold prices shift global demand from jewellery to investment: World Gold Council

Wed, 29 Apr 2026 10:54:16 GMT

New Delhi [India], April 29 (ANI): Surging gold prices and heightened geopolitical uncertainty are driving a shift in global gold demand from jewellery to investment, even as overall demand remains stable, according to the World Gold Council's Q1 2026 Gold Demand Trends report.Total gold demand, including over-the-counter (OTC) transactions, rose marginally by 2 per cent year-on-year to 1,231 tonnes in the first quarte

US in stagflation for first time in decades 2008 crash prophet

Wed, 29 Apr 2026 08:01:03 GMT

Ray Dalios warning comes amid a consumer price hike triggered by the Iran war and an economic downturn

The US has slipped into stagflation for the first time in decades, billionaire hedge fund boss Ray Dalio has said. The assessment comes despite the Federal Reserve's insistence that the term overstates the current crisis, caused in large part by the war on Iran.

Dalio, who founded the Brid

US and Canada source gold from drug cartel mines NYT

Mon, 27 Apr 2026 14:41:43 GMT

Mints in both countries receive the metal from a North American contractor who mixes dirty gold with domestic supplies, the investigation claims

The US and Canadian government mints have for years sourced coin gold from mines controlled by Colombia's Clan del Golfo drug cartel, despite vowing that all the precious metal is extracted on domestic soil, according to an investigation by the New York

Economic Watch: Rising food, gas, utility costs squeeze Americans amid tariff, war concerns

Mon, 27 Apr 2026 03:15:22 GMT

Economists say a one-two punch of new U.S. tariffs and a war-driven spike in global energy prices are pushing up everyday expenses and threatening to slow growth.

by Julia Pierrepont III

LOS ANGELES, April 26 (Xinhua) -- Americans are feeling the strain as the cost of groceries, gasoline, and utilities continues to rise. Economists say a one-two punch of new U.S. tariffs and a war-driven sp

The failure of Reserve Bank independence

Fri, 01 May 2026 02:00:00 GMT

Central bank independence has entrenched an unaccountable system that prioritises financial sector gains while driving unemployment and eroding real wages, writes DrBronwyn Kelly.

AFTER 30 YEARS of its acceptance by mainstream economists and both progressive and conservative politicians, the validity and utility of central bank independence is now coming under increasing scrutiny.

And rightly so, because wh

Japan intervenes in currency market to halt yen's fall against USD: media

Fri, 01 May 2026 05:45:07 GMT

TOKYO, May 1 (Xinhua) -- Japanese authorities intervened in the currency market on Thursday to curb the yen's steep fall against the U.S. dollar, Kyodo News reported, citing government sources.

The Japanese yen briefly surged to the 155 level against the U.S. dollar from the upper 160 range on Thursday, hours after Japanese Finance Minister Satsuki Katayama and Atsushi Mimura, vice finance minister for internati

U.S. key inflation gauge in March hits highest level in almost 3 yrs

Thu, 30 Apr 2026 19:15:23 GMT

The U.S. personal consumption expenditures (PCE) price index for March rose 0.7 percent from February, a faster-than-expected acceleration from the previous monthly pace

2nd LD Writethru: Bank of England keeps interest rate at 3.75 pct amid energy price hikes

Thu, 30 Apr 2026 13:45:08 GMT

LONDON, April 30 (Xinhua) -- The Bank of England (BoE) has maintained its benchmark interest rate unchanged at 3.75 percent considering the effect of sharp energy price rises triggered by the Middle East conflict, Britain's central bank said in a statement Thursday.

At its meeting ending on Wednesday, the BoE's Monetary Policy Committee (MPC) voted by a majority of eight to one to maintain the rate. One member v

1st LD: Bank of England keeps interest rate at 3.75 pct

Thu, 30 Apr 2026 11:45:12 GMT

LONDON, April 30 (Xinhua) -- The Bank of England (BoE) has maintained its benchmark interest rate unchanged at 3.75 percent, Britain's central bank said in a statement Thursday.

At its meeting ending on Wednesday, the BoE's Monetary Policy Committee voted by a majority of eight to one to maintain the rate. One member voted to increase the rate by 0.25 percentage points to 4 percent, according to the statement.

Bank of England keeps interest rate at 3.75 pct

Thu, 30 Apr 2026 11:45:09 GMT

LONDON, April 30 (Xinhua) -- The Bank of England (BoE) has maintained its benchmark interest rate unchanged at 3.75 percent, Britain's central bank said in a statement Thursday.

Cambodia's economy projected to slow to 4.3 pct in 2026: AMRO

Thu, 30 Apr 2026 06:45:08 GMT

PHNOM PENH, April 30 (Xinhua) -- Cambodia's economic growth is projected to slow to 4.3 percent in 2026 from 5.3 percent in the year before, as higher global oil prices weigh on the economy, said an ASEAN+3 Macroeconomic Research Office (AMRO) press release on Thursday.

AMRO's lead economist Jinho Choi said that to manage heightened uncertainties and repeated shocks, proactive policies and effective implementati

2nd LD: Trump blasts Powell over decision to stay on as Fed governor

Thu, 30 Apr 2026 02:15:27 GMT

WASHINGTON, April 29 (Xinhua) -- U.S. President Donald Trump on Wednesday blasted Federal Reserve Chairman Jerome Powell after the central bank chief said he would stay on as a governor.

"Jerome 'Too Late' Powell wants to stay at the Fed because he can't get a job anywhere else -- Nobody wants him," Trump wrote on his Truth Social account.

Since starting his second presidency, Trump has repeatedly attacke

1st LD: Trump blasts Powell over decision to stay on as Fed governor

Thu, 30 Apr 2026 01:45:12 GMT

WASHINGTON, April 29 (Xinhua) -- U.S. President Donald Trump on Wednesday blasted Federal Reserve Chairman Jerome Powell after the central bank chief said he would stay on as a governor.

"Jerome 'Too Late' Powell wants to stay at the Fed because he can't get a job anywhere else -- Nobody wants him," Trump wrote on his Truth Social account.

Since starting his second presidency, Trump has repeatedly attacke

Trump blasts Powell over decision to stay on as Fed governor

Thu, 30 Apr 2026 00:15:33 GMT

WASHINGTON, April 29 (Xinhua) -- U.S. President Donald Trump on Wednesday blasted Federal Reserve Chairman Jerome Powell after the central bank chief said he would stay on as a governor.

"Jerome 'Too Late' Powell wants to stay at the Fed because he can't get a job anywhere else -- Nobody wants him," Trump wrote on his Truth Social account.

U.S. stocks mixed amid historic Fed dissent, surging oil prices

Thu, 30 Apr 2026 00:15:19 GMT

NEW YORK, April 29 (Xinhua) -- U.S. stocks ended mixed on Wednesday as investors digested a heavily divided Federal Reserve interest rate decision and continuous rise of crude oil prices.

The Dow Jones Industrial Average fell 0.57 percent to 48,861.81. The S&P 500 sank 0.04 percent to 7,135.95. The Nasdaq Composite Index increased 0.04 percent to 24,673.24.

Seven of the 11 primary S&P 500 sectors

2nd LD Writethru: U.S. Fed keeps interest rate unchanged amid high energy prices

Wed, 29 Apr 2026 23:45:26 GMT

WASHINGTON, April 29 (Xinhua) -- The U.S. Federal Reserve on Wednesday decided to maintain its target range for the federal funds rate at 3.5-3.75 percent as high energy prices added inflationary pressures.

"Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, on average, and the unemployment rate has been little changed in recent months. Inflation is

1st LD: U.S. Fed keeps interest rate unchanged amid high energy prices

Wed, 29 Apr 2026 21:15:16 GMT

Urgent: U.S. Fed keeps interest rate unchanged amid high energy prices

Wed, 29 Apr 2026 18:15:28 GMT

U.S. Senate committee advances confirmation of Fed chair nominee Warsh

Wed, 29 Apr 2026 17:15:16 GMT

NEW YORK, April 29 (Xinhua) -- The U.S. Senate Committee on Banking, Housing and Urban Affairs on Wednesday advanced confirmation of Kevin Warsh's nomination as the next Federal Reserve chair with a vote on party lines.

Members of the committee voted 13-11, with all Democratic senators objecting to the process.

Republican Senator Thom Tillis' drop of objection following federal prosecutors' end of investi

Global gold demand up 2 pct in Q1: report

Wed, 29 Apr 2026 09:20:08 GMT

BEIJING, April 29 (Xinhua) -- Global gold demand, including over-the-counter trading, rose 2 percent year on year to 1,231 tonnes in the first quarter of 2026, an industry report said Wednesday.

Global demand for gold bars and coins increased 42 percent year on year to 474 tonnes, marking the second-highest quarter on record, with Asian investors hoovering up gold investment products, according to the report rel

Roundup: U.S. consumer confidence edges up amid Iran war concerns

Wed, 29 Apr 2026 08:45:19 GMT

WASHINGTON, April 29 (Xinhua) -- U.S. consumer confidence edged up a tad in April, but Americans remain uneasy about the impact of the Iran war on gas prices and their wallets.

A two-week ceasefire "likely helped ease concerns about financial indicators somewhat in April," but "consumers remained wary," according to the Consumer Confidence Index (CCI) released Tuesday by the Conference Board.

The index ed

JPMorganChase becomes first Global Banking Partner of Olympics

Wed, 29 Apr 2026 06:15:18 GMT

GENEVA, April 29 (Xinhua) -- The International Olympic Committee (IOC) and JPMorganChase announced on Tuesday a Worldwide Olympic Partnership, making the firm the first global banking partner in Olympic history.

The partnership extends to the 2030 French Alps Olympic and Paralympic Winter Games.

IOC President Kirsty Coventry said, "JPMorganChase is the first Global Partner from the banking sector in Olymp

U.S. stocks close lower as AI spending concerns resurface

Tue, 28 Apr 2026 22:45:18 GMT

NEW YORK, April 28 (Xinhua) -- U.S. stocks ended lower on Tuesday, with the Nasdaq Composite pulling back from recent record highs as investors grew concerned over a report that pointed to weakness in OpenAI.

The Dow Jones Industrial Average fell 0.05 percent to 49,141.93. The S&P 500 sank 0.49 percent to 7,138.8. The Nasdaq Composite Index shed 0.9 percent to 24,663.8.

Six of the 11 primary S&P 5

U.S. stocks little changed as investors weigh Iran proposal

Mon, 27 Apr 2026 21:45:15 GMT

NEW YORK, April 27 (Xinhua) -- U.S. stocks ended mixed on Monday with the S&P 500 and the Nasdaq Composite Index closing at record highs as investors assessed a reported Iranian proposal to reopen the Strait of Hormuz.

The Dow Jones Industrial Average fell 0.13 percent to 49,167.79. The S&P 500 added 0.12 percent to 7,173.91. The Nasdaq Composite Index increased 0.2 percent to 24,887.1.

Eight of t

Romanian man sentenced after swatting spree targeting dozens of U.S. officials

Fri, 01 May 2026 08:35:46 GMT

Romanian man sentenced after swatting spree targeting dozens of U.S. officials

Team Wendy reveals new RECON Tactical Bump Helmet

Fri, 01 May 2026 08:35:28 GMT

Team Wendy reveals new RECON Tactical Bump Helmet

Judge- Wisconsin Department of Justice must release the names of every police officer in the state

Fri, 01 May 2026 08:34:57 GMT

Judge- Wisconsin Department of Justice must release the names of every police officer in the state

Female first responder training summit focuses on performance

Fri, 01 May 2026 08:34:47 GMT

Female first responder training summit focuses on performance

Bodycam shows home explosion that injured NYPD officers responding to domestic call

Fri, 01 May 2026 08:34:03 GMT

Bodycam shows home explosion that injured NYPD officers responding to domestic call

Washington judge blocks parts of state law that added new background requirments for sheriffs

Fri, 01 May 2026 08:33:47 GMT

Washington judge blocks parts of state law that added new background requirments for sheriffs

Denver Sheriff's Department recruit dies following medical emergency during training

Fri, 01 May 2026 08:33:32 GMT

Denver Sheriff's Department recruit dies following medical emergency during training

Steiner eOptics to exhibit at LAAD Defense & Security 2026 in So Paulo, Brazil

Fri, 01 May 2026 08:39:44 GMT

Steiner eOptics to exhibit at LAAD Defense & Security 2026 in So Paulo, Brazil