U . S . Federal

The European Central Bank (ECB) has cut interest rates again as inflation in the Eurozone slows and economic growth falters. However, no clear guidance was given on future actions, even though investors expect continued easing in the coming months. The deposit rate was lowered by 25 basis points to 3.5%, a move anticipated after a similar cut in June.

Boeing announced that it has halted flight testing of the 777X after finding a failure in a structure on one of the wide-body aircraft.

The company said it discovered the damage to the custom part, which it said is located between the engine and the propeller, during scheduled maintenance. It has since grounded the other three aircraft in its test fleet.

Tokyo stocks sank more than 12 percent Monday, battered by a resurgent yen and weak U.S. jobs data that fuelled fears of a recession in the world's top economy.

The benchmark Nikkei 225 index plunged 12.40 percent, or 4,451.28 points, to 31,458.42 — its largest points drop in history — while the broader Topix index lost 12.23 percent, or 310.45 points, to 2,227.15.

The prisoner exchange between Russia and the West, which took place on Thursday in Istanbul, resembled moments from the Cold War, complete with the dramatic setting of an isolated airport area.

From Russia, 16 people were released: four to the U.S. and 12 to Germany, one of whom was Belarusian.

Public interest witness and WikiLeaks founder Julian Assange is now a “free man” after a court on Saipan Island today upheld his plea deal with the US justice system, ending a 14-year legal odyssey.

“You can walk out of this courtroom a free man,” Judge Ramona Manglona said after a brief session of the U.S. federal court on Saipan, in the Northern Mariana Islands.

The U.S. Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March after inflation stalled in the first quarter.

The U.S. Federal Reserve on Wednesday held interest rates steady for a sixth straight meeting, keeping the level at a 23-year high to fight stubborn price increases.

After a two-day gathering, the central bank decided unanimously to keep the benchmark lending rate unchanged at 5.25-5.50 percent, citing a "lack of further progress" towards its two percent inflation target.

The U.S. Federal Reserve is expected to hold interest rates steady for a sixth straight meeting Wednesday, with a summer start to cuts looking less likely owing to stubborn inflation.

Boeing is giving subcontractor Spirit Aerosystems $425 million in advance payments so it can maintain production and allow the U.S. aviation giant to fulfill its orders, a regulatory filing has shown.

Boeing has faced intense scrutiny since a near-catastrophic incident in January, when a fuselage panel blew off of a 737 MAX mid-flight.

Wall Street stocks tumbled on Friday despite solid bank earnings as oil and gold prices shot up amid worries about a potential widening of conflict in the Middle East.

After spending the entire session in the red, the Dow Jones Industrial Average finished down 1.2 percent, or 475 points, at 37,983.24.