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US: Fed raises interest rates

The Federal Reserve increased its benchmark interest rate as widely expected, the Federal Market Open Committee (FOMC) announced Wednesday.  At the conclusion of a two-day meeting, Committee members voted unanimously to raise the federal funds rate by 25 basis points to a target...

China warns US against provocations following B-52 flyby

China is accusing the United States of militarizing the South China Sea after two American B-52 bombers flew close to a disputed Chinese-held shoal in a show of force. Foreign Ministry spokeswoman Hua Chunying warned the U.S. on Wednesday against "hyping up militarization and stirring...

Trump may seek separate trade deals with Canada, Mexico

U.S. President Donald Trump may seek separate talks with Canada and Mexico in a bid to get individual trade deals with the two countries, White House economic adviser Larry Kudlow said on Tuesday. "He is very seriously contemplating kind of a shift in the NAFTA negotiations. His...