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Wednesday 25 June 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
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Reserve

US Fed's Tarullo resigns, leaving 3rd vacancy

Themuslimchronicle, themuslimchronicleUS Fed's Tarullo resigns, leaving 3rd vacancy238982/90
Washington - AFP
The Federal Reserve governor in charge of banking oversight submitted his resignation on Friday, creating a third vacancy for US President Donald Trump to fill. Daniel Tarullo, who helped enforce banking rules in the wake of the global financial crisis, will leave the central bank April 5, nearly five years before his term expires. In a brief letter to Trump,Read more

US Federal Reserve Leaves Key Interest Rate Unchanged

Themuslimchronicle, themuslimchronicleUS Federal Reserve Leaves Key Interest Rate Unchanged188510/84
Washington - QNA
The US Federal Reserve left its benchmark interest rate unchanged Wednesday after a two-day meeting in Washington, citing a slowing "pace of improvement" in the labour market.  The latest US Labour Department report showed US payroll expansion screeched nearly to a halt in May, after a sharp slowdown in April.  The Fed calibrates monetary policy toward the dual goals ofRead more

France Uses Emergency Fuel as Strikes Continue

Themuslimchronicle, themuslimchronicleFrance Uses Emergency Fuel as Strikes Continue183296/37
Paris - Arab Today
France has begun using its reserve fuel supply to deal with petrol shortages caused by workers blockading oil refineries over labour reforms. At least six out of the eight refineries in France have either stopped operating or have reduced output due to strikes and blockades.     The President of the French union of Petroleum Industry (UFIP) Francis Duseux said theyRead more

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