Fed approves hike that takes interest rates to highest level in more than 22 years
The quarter percentage point move takes the federal funds rate to a target range of 5.25%-5.5%. International: Top News And Analysis
Category: World
Oil markets will face ‘serious problems’ as demand from China and India ramps up, IEF secretary general says
Oil prices are set to rise in the second half of the year, as supply struggles to meet demand, according to an International Energy Forum official. International: Top News And Analysis
U.S. climate envoy John Kerry hints at potential Xi-Biden meeting
There’s a potential for Chinese President Xi Jinping to visit the U.S. later this year for the APEC summit, and possibly meet with Joe Biden during that time. International: Top News And Analysis
‘Gratitude’ spat: NATO and Ukraine’s clash over aid reveals a strained power dynamic
There was a “very clear message from the U.S. side, you [Ukraine] went too far,” a senior diplomat who attended the meetings in Lithuania told CNBC. International: Top News And Analysis
China has a new foreign relations law. Here’s what it means for business
For foreign businesses in China, geopolitics hold more sway than new Chinese laws, analysts say. International: Top News And Analysis
Yellen says she’s ‘concerned’ about China’s new export controls in her first public remarks in Beijing
Starting Aug. 1, companies in China that want to export two metals used in semiconductor manufacturing would need to apply for licenses. International: Top News And Analysis
Wind turbine troubles have sent one stock tumbling. There are fears it could be a much wider issue
“We have to acknowledge that … the pace of change in that machinery has put us into slightly uncharted territory,” one analyst said. International: Top News And Analysis
Asia pushes back on ‘excessive’ currency moves amid enduring dollar strength
Japan, Malaysia and China officials have taken steps to push back this week against bets that have dragged their currencies to multi-month lows. International: Top News And Analysis
High interest rates and economic uncertainty are behind recent rise in corporate defaults
The corporate default rate is up and rising as interest rates remain elevated, making it more expensive for companies to refinance debt. International: Top News And Analysis
UK inflation exceeds expectations in May, piling pressure on the government and Bank of England
U.K. inflation came in hotter than expected in May as consumer prices rose by an annual 8.7%, unchanged from the previous month. International: Top News And Analysis