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NEW YORK (Reuters) – U.S. stocks rallied on Wednesday after the Federal Reserve announced it is raising its key policy rate for the first time in nearly a decade in a sign of confidence in the U.S. economy.
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Wall Street rallies on gradual Fed tightening, improving economy
By Tom Miles GENEVA (Reuters) – World trade talks are deadlocked and ministers are unlikely to find a way out of the impasse when they meet in Nairobi next month, World Trade Organization Director-General Roberto Azevedo said on Thursday. “We clearly are stuck in the negotiations at this point in time,” Azevedo told a news conference. Since then the WTO has still managed to agree a few changes to the global trading rules.
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WTO talks stuck again as ministers prepare to meet, Azevedo says