IBT Staff Reporter

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Growth Stocks Drag Wall Street Lower On Rate Hike Worries

Wall Street's main indexes fell on Thursday, with growth stocks leading declines for a second straight session as investors worried that aggressive interest rate increases to curb decades-high inflation could tip the economy into recession.

Wall Street Falls On Rate Hike Worries

Wall Street's main indexes fell in choppy trading on Thursday, weighed down by concerns that aggressive interest rate increases to curb decades-high inflation could tip the economy into recession.

Traders See A Method To Turkish Lira's Recent Slide

A six-day slide in Turkey's lira has left traders predicting that authorities are now targeting a new level, as weak as 15.5 to the dollar, in a months-long effort to stabilise the exchange rate using its depleted reserves together with other measures.

California Regulators Set To Vote On Desalination Plant

California regulators on Thursday will vote on whether to approve a proposed $1.4 billion plant to convert seawater to drinking water, a project billed as a partial solution to a sustained drought that threatens the state's economic health.

California Regulator Rejects Plan For Desalination Plant

California regulators on Thursday denied approval for a $1.4 billion plant to remove salt from sea water, a project criticized on environmental grounds but backed by California Governor Gavin Newsom as a necessary tool to counter a sustained drought.

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