Google buys electronics company HTC - Air Berlin bankruptcy - US Fed Reserve leaves interest rates unchanged
The US currency has suffered painful losses in Asian trading while sovereign bonds gained strongly after the US Federal Reserve raised interest rates, but signaled no pick-up in the pace of tightening.
Critics fear the US central bank's decision to raise its core interest rate will choke off growth in the United States or in emerging markets. But DW's Rolf Wenkel isn't worried, saying the move was long overdue.
President Donald Trump's administration will face its first huge challenge on the budget front when the measure to suspend the limit on the amount of money the federal government is allowed to borrow soon lapses.
The EU's central bank has decided to curb its monthly bond purchases by half. But DW's Henrik Böhme deplores that an end to what he believes is a risky zero-interest policy is not yet in sight.
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