The US central bank cut interest rates for the first time since 2008, citing concerns about the global economy. The move comes amid economic uncertainties amid President Donald Trump's trade wars and Brexit.

Nobel laureate Michael Spence, professor of economics at NYU's Stern School of Business and senior adviser at General Atlantic, comments on Federal Reserve monetary policy during an interview with Bloomberg's Romaine Bostick and Guy Johnson on "Bloomberg Markets."

Beijing has said there is a "consensus on principles" regarding a deal with the United States. Specifics have yet to emerge but Donald Trump has been talking up the prospect of progress between the two nations.

Nigeria’s Monetary Policy Committee (MPC) will today announce the 6th and final monetary decision of the year. CEO of CFG Advisory, Tilewa Adebajo and Group Head of Corporate Banking at Coronation Merchant Bank, Ademola Adekoya both join CNBC Africa to discuss some issues that could influence the MPC’s decision.

The Central Bank of Nigeria (CBN) and commercial banks in the country came under fire yesterday over disparities in deposit and lending rates obtainable in their offices. The upper legislative chamber lamented that interest rate on loans operated by commercial banks and approved by the CBN remained one of the highest in the world. Angered by the development, the Senate mandated its Committee on Financial Institutions to investigate and report back its findings to enable it take a definite position on the matter.

The US stock market received a boost from the Federal Reserve's announcement, with near-zero rates pushing capital towards shares. What was once a choice, before the coronavirus outbreak, might now be a necessity.

The US stock market received a boost from the Federal Reserve's announcement, with near-zero rates pushing capital towards shares. What was once a choice, before the coronavirus outbreak, might now be a necessity.

Here are a few reasons to pick up a copy of The Guardian on Wednesday. Find these stories and much more when you grab a copy of The Guardian on Wednesday. ⁣

People have gathered outside a courthouse in Hong Kong to support leading dissidents. The UK said the charges of subversion were "deeply disturbing."

The European Central Bank has announced it is leaving its benchmark refinancing rate on hold at a historic low of 0%.

Inflation in the US soared at its fastest pace in over a decade, with consumer prices 4.2% higher than in April 2020. The data spooked investors around the world, contributing to a global market selloff.

The European Central Bank will slow the rate of its pandemic stimulus as the eurozone economy shows signs of recovery. Inflation worries have spawned debate over when to end the emergency support.