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Fed hikes interest rate by 75bps, flags weakening economic data

WASHINGTON: The Federal Reserve raised its benchmark overnight interest rate by three-quarters of a percentage point in an effort to cool the most intense...

China punishes local officials for falsifying economic data

China has punished a number of local officials with demotions or dismissal for falsifying economic data, the country's statistics bureau said on Friday, as...

Economic data, healthcare shares pressure Wall Street

U.S. stocks edged lower on Thursday after a recent run of gains, pressured by weak economic data and a drop in healthcare shares, while investors kept a close watch on U.S.-China trade talks.

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