The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
BOGOTA, May 31 (Reuters) - Colombia's central bank has suspended its accumulation of foreign reserves so it can evaluate the impact of dollar-buying on the peso exchange rate, the bank said in a statement.
The accumulation, which began in September 2018, was meant to prepare the country for a possible cut in its line of credit with the International Monetary Fund next year. Colombia currently has a $11.5 billion line of credit with the IMF.
The decision comes amid a fall in the value of the peso, which decreased 3.4 percent in May.
The bank accumulated $1.87 billion during the program. Colombia's total foreign reserves were $51.63 billion in mid-May. (Reporting by Nelson Bocanegra Writing by Julia Symmes Cobb Editing by Helen Murphy and Leslie Adler)