The Federal Reserve sets the federal funds target rate, also known as the fed funds rate, which is the interest rate at which commercial banks lend to each other overnight. Below, CNBC Select explains ...

The occupancy rate at the Hong Kong side of a new innovation and technology (I&T) hub co-developed by the city and Shenzhen is expected to hit 90 per cent in the first quarter of this year, a target ...

Treasury Secretary Scott Bessent addresses the criminal probe into Fed Chair Jerome Powell over alleged lies to Congress about headquarters renovations. BlackRock's Rick Rieder discussed monetary ...

RBI cuts repo rate to 5.25%, boosting home loans and lowering lending rates. Home loans by under-30 borrowers rose to 16 percent, up from 9 percent in 2022 Secured credit card issuance rose 62%, ...

Offering a major relief to homebuyers, LIC Housing Finance has slashed its home loan interest rates on new home loans to 7.15 per cent. The move comes amid softening interest rate environment. The ...

U.S. President Donald Trump's plan to take control of Venezuela's oil industry and ask American companies to revitalize it after capturing leader Nicolas Maduro in a raid is likely to face many ...