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In cutting the cost of borrowing for the first time in overfour years. The Federal Reserve have dropped the main Interest Rate in the worlds biggest economy by half a percentage point, bringing it down to between 4. 75 and 5 . A drop larger than many expected, with some wondering now if this reflects the scale of the problems facing the american economy or the success in getting the pace of price rises, inflation, close to the banks targets. The governor of the fed, Jerome Powell says the us economy is in good shape and they intend to keep it that way. Our North America Business correspondent ...

the reaction in asia so far has been mixed. Our north america business correspondent ritika gupta has the details. The federal reserve has delivered a supersized interest rate cut aimed at bolstering the us labour market. The 0. 5 percentage cut, the first in over four years, brings its key interest rate, the federal funds rate, down to between 4. 75 and 5%. It comes amid signs inflation in america is continuing to fall, while the job market remains strong, even as unemployment has risen this year. The labour market is actually in solid condition and our intention with our policy move today i...

our diplomatic correspondent paul adams reports. the american say the attack happened at abase known as tower 22, right on the syrian—jordanian border. it is one of many american bases across the region. there have been dozens of drone and missile attacks in recent months, but no american personnel had been killed until now. joe biden, seen here attending church this morning, was quick to point the finger. "we know it was carried out by radical iran—backed militant groups operating in syria and iraq," he said. it's not necessarily a tipping point into uncontrolled escalation betw...

seeinu economic recovery. we are seeing the _ economic recovery. we are seeing the stock-market . economic recovery. we are i seeing the stock-market rout seeing the stock—market rout that has really gathered steam over the past couple of weeks is really a reflection of the fact that there is this unrelenting bearish sentiment when it comes to china — in particular china's economy, so i don't think that curbing shortselling is really addressing the root cause of the problem that households, businesses, particularly in china, not feeling exuberant about the economic recovery, so t...

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