Oil Prices Rise as Prospects for U.S.-Iran Peace Deal Fizzle
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Oil prices rose and stock futures ticked down as investors reacted after
the two sides failed to agree on a U.S.-Iran peace deal.
55 minutes ago
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Policymakers in China, the world’s third largest economy behind the U.S. and EU, face their own set of tough choices. Rapid growth rate has fueled inflation that is running at a double-digit rate, according to analysts -- much higher than official targets. To contain inflation, Beijing has raised interest rates five times and lifted banks' reserve requirements nine times since October. If it clamps down too hard, though, a deeper economic slowdown could reverse China's efforts to lift hundreds of millions of people out of poverty.
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