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ICE Economy News

19 Dec 2015

As US oil booms, Congress lifts 40-year oil export ban

Environmentalists are concerned the move will encourage continued reliance on oil over clean energy, despite US pledges at the Paris climate summit to cut its carbon footprint.

17 Dec 2015

Afghanistan's WTO membership approved after 11 years of talks

Afghanistan expects to reap the benefits of the WTO membership for its post-conflict reconstruction.

Spending package

16 Dec 2015

Congress reaches deal on US federal spending

Negotiators struck a deal on a USD 1.1 trillion spending package overnight that Congress could vote on by week's end, a sign of tenuous bipartisan compromise as a fractious year comes to a close.

Wall Street rallies

16 Dec 2015

Wall Street rallies on gradual Fed tightening, improving economy

Markets judged the Fed`s statement to be dovish, supportive of risk assets including equities.

16 Dec 2015

Fed chief Yellen's news conference after FOMC meeting

The rate hike reflects the committee's confidence that the economy will continue to strengthen. The economic recovery has clearly come a long way, although it is not yet complete, Janet Yellen said.

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