WASHINGTON, April 6( Xinhua)--U.S. Federal Reserve could begin reducing the size of its balance sheet as soon as May, with officials signaling their support for a monthly caps of 95 billion U.S. dollars, according to the minutes of the Fed's latest policy meeting released Wednesday. Many participants noted that they would have preferred a 50 basis point increase in the target range for the federal funds rate at the March meeting, but a number of these participants indicated that in light of the

US President Joe Biden signed the National Defense Authorization Act into law Monday, authorising

US President Joe Biden on Thursday announced that he and Vice President Kamala Harris have agreed

The U.S. budget deficit totaled USD2.77 trillion for 2021, the second highest on record but an

The last time Joe Biden was in New Hampshire, he was a no-show at his own, sad party. Trounced in

NAIROBI, April 7( Xinhua)--Kenya's Treasury Cabinet Secretary Ukur Yatani on Thursday presented a financial budget of 3.3 trillion shillings( about 28.62 billion U.S. dollars) fiscal budget for 2022/ 2023, representing a 4.8 percent growth in public spending. Yatani said the Kenyan economy staged a strong recovery in 2021 after suffering a 0.3 percent decline in 2020 due to the outbreak of the coronavirus pandemic. The government projects the economy will grow 6 percent in 2022 compared to 7.6 p

LONDON, Aug.... 1( Xinhua)--HSBC on Tuesday reported that its pre-tax profit for the first half of this year had reached 21.7 billion U.S. dollars.... The figure was up by 12.9 billion dollars from a year earlier, amid rising interest rates. This included a reversal of an impairment relating to the planned sale of its retail banking operations in France, and a provisional gain on the acquisition of Silicon Valley Bank UK, the company said." There was good broad-based profit generation around t

LONDON, Aug.... 1( Xinhua)--HSBC on Tuesday reported that its pre-tax profit for the first half of this year had reached 21.7 billion U.S. dollars.... The figure was up by 12.9 billion dollars from a year earlier, amid rising interest rates. This included a reversal of an impairment relating to the planned sale of its retail banking operations in France, and a provisional gain on the acquisition of Silicon Valley Bank UK, the company said." There was good broad-based profit generation around t

ADDIS ABABA, April 5( Xinhua)--The Ethiopian government and the World Bank have signed financing agreements amounting to 1.72 billion U.S. dollars in support of Ethiopia's development. The accords, which were made in the form of credits and grants, were signed by Ethiopia's Minister of Finance Ahmed Shide and the World Bank's country representative Ousmane Dione, the Ethiopian Ministry of Finance said in a statement Friday. The resource will be used for the implementation of six projects aimed a

Biden administration also froze about USD 9.5 billion of Afghan reserves to keep cash away from the