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Switzerland and the European Union agreed on a deal to ensure the country’s access to the bloc’s single market, hitting an unofficial end-of-year deadline after lengthy and intense talks.

The Bank of Russia held its key interest rate at a record-high 21%, surprising most analysts who’d expected policymakers to opt for another big hike to try to tame persistent inflation.

President-elect Donald Trump warned the European Union that its exports will get hit with US tariffs if its member states don’t buy more American oil and gas.

President Vladimir Putin said he’s willing to hold talks with US President-elect Donald Trump, though he said they haven’t spoken in more than four years.

China connected one of the world’s largest ever solar projects in an effort to curb coal consumption and reign in emissions.

Federal Reserve officials capped 2024 with a third-straight interest-rate cut and a strong signal that inflation concerns are back in the fore.

President-elect Donald Trump said he opposes a proposed funding bill and threatened to oust fellow Republicans if they accepted legislation that didn’t include his demands, increasing the likelihood of a government shutdown later this week.

Bank of Japan Governor Kazuo Ueda opened up the possibility of waiting longer for his next interest rate hike in comments that lowered expectations of a January move and hammered the yen.

The US Treasury market tumbled as traders took the Federal Reserve’s revised forecasts as reason to slash their expectations for interest-rate reductions next year.

Chinese banks raised new mortgage costs for the first time in three years, new data from a research firm shows, as narrowing margins are dragged down by a persistent property slump and slowdown in the world’s No. 2 economy.

China ramped up support for its currency via the daily reference rate after the Federal Reserve’s caution over future interest rate cuts boosted the dollar and sent the offshore yuan to a one-year low.

The European Central Bank should keep lowering borrowing costs at the current pace as inflation is increasingly under control, according to Governing Council member Gediminas Simkus.

Central banks across Asia face a difficult decision after the Federal Reserve’s hawkish cut — stage a costly fight back against dollar strength, or stand by and watch their currencies falter.

Powell rebuffs notion that tariffs weighed on calculations for fewer cuts, but a showdown may be looming.

Volkswagen AG and labor leaders are moving closer to an agreement to restructure the automaker’s namesake brand without shuttering factories in Germany, according to people familiar with the matter.

The Federal Reserve jarred US markets Wednesday, pushing stocks lower and sending Treasury yields soaring, after forecasting fewer interest rate cuts next year. It was the worst loss for the S&P 500 on the day of a rate decision since 2001.

European stocks mirrored losses in Asia and the US session after a hawkish pivot by the Federal Reserve jolted markets. The yen slid as the Bank of Japan left borrowing costs unchanged.

​​Catch up: Markets fall after Fed’s hawkish remarks; Syria’s new leader speaks

US producers of a crucial material used in electric vehicle batteries have initiated a trade action seeking sharp tariff increases on Chinese graphite, arguing that Beijing’s massive state subsidies are artificially lowering prices and making it impossible for their companies to compete.

Predictions of declining demand for the world’s most polluting fossil fuel are premature.

Federal Reserve officials lowered their benchmark interest rate for a third consecutive time, but reined in the number of cuts they expect in 2025, signaling greater caution over how quickly they can continue reducing borrowing costs.

The European Union and South American nations have spent more than a quarter of a century trying to strike a deal on free trade. The negotiations took on new urgency this year as a looming trade war between the world’s biggest trading partners — the US and China — spurred other regions to seek out new commercial partnerships to soften the blow.

The industry has long postponed recognition of falling property values. The bill is coming due. Plus: a Seussian glossary.

The Federal Reserve did what markets expected Wednesday. But that didn’t stop investors from dumping risk assets in droves.

Federal Reserve officials are likely to lower borrowing costs for a third-straight meeting this week while also signaling fewer interest-rate cuts next year than previously projected.

Trump’s choice to run US government finance was part of the Soros team that crashed the pound. His new reality is more complex than any exchange-rate wager.