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Finance & Markets

Peter Navarro says Fed's rate raise is 'a bad decision'

White House adviser Peter Navarro on Wednesday blasted the Federal Reserve's move to raise interest rates in several years, calling it "a bad decision." The central bank’s Federal Open Market Committee (FOMC), led by Fed Chair Kevin Warsh, voted unanimously to increase the central bank’s benchmark interest rate to a range of 3.75 percent to 4 percent. Warsh...

Peter Navarro says Fed's rate raise is 'a bad decision'

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Oil prices extend losses as Saudi pipeline repairs ease supply concerns

OIL prices fell for a second consecutive session on Thursday, with Brent crude trading around US$105 a barrel, after reports that Saudi Arabia plans to restore roughly half the capacity of its…

  • Brent crude prices drop to near US$105 per barrel
  • Saudi pipeline to restore half capacity within days
  • US crude inventories decline 640,000 barrels

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