Wednesday 22 May 2013
Speaking on Wednesday afternoon to Congress US Federal Reserve Chairman Ben S. Bernanke has called attention to the still weak labour market, one of the weaknesses which, in the past, the central bank... Read More
Wednesday 22 May 2013
William Dudley, the head of the New York Federal Reserve said that the a decision on scaling back the central bank’s asset purchase programme is still three to four months away, writes the Los Angeles... Read More
Wednesday 22 May 2013
The Bank of Japan (BoJ) left its monetary policy unchanged as expected on Wednesday while upping its assessment of the economy based on an improved outlook. Read More
Wednesday 22 May 2013
Current Bank of Canada Governor and soon-to-be head of the Bank of England (BoE) Mark Carney pointed out the deep challenges facing Europe due to austerity, a lack of confidence and tight credit. He s... Read More
Wednesday 22 May 2013
The European Council is set to hold yet another summit and unsurprisingly make little definitive progress as European Union heads of state meet on Wednesday in Brussels. Read More
Wednesday 22 May 2013
Crude oil futures snapped a four-day winning streak on Tuesday and pulled off a seven-week high as investors took a breather ahead of Federal Reserve Chairman Ben Bernanke's testimony and upcoming inv... Read More
Tuesday 21 May 2013
The New York Times says: “Jamie Dimon, the nation’s most powerful banker, appears set to hold onto his title of chairman after JPMorgan Chase’s shareholders defeated a proposal to split the two top jo... Read More
Tuesday 21 May 2013
A report published on Tuesday by the Organization for Economic Coorperation and Development (OECD) showed that overall growth amidst its members improved during the first quarter. Read More
Tuesday 21 May 2013
Spain managed to sell more short-term sovereign debt that it had originally predicted today but with mixed results on both demand and financing costs. Read More
Tuesday 21 May 2013
Italy's former technocrat Prime Minister Mario Monti said that the worst of the European crisis has passed and that the current Italian government would remain unchanged in the short-term. Read More
Tuesday 21 May 2013
Germany is working on minor changes to European Union (EU) treaties in the hopes of speeding up the decision-making process, while at the same time avoiding an overhaul that might result in the repatr... Read More
Tuesday 21 May 2013
Crude oil futures rose for the fourth straight session on Monday after recent upbeat US data boosted the outlook for oil demand while a weaker dollar also enticed investors. Read More
Monday 20 May 2013
Actavis, the New York-listed generic drugmaker, is to buy Warner Chilcott in a stock-swap deal that values the latter at five billion dollars, writes The Wall Street Journal. The deal will be complete... Read More
Monday 20 May 2013
Bundesbank President Jens Weidmann has urged France to take deficit reduction 'seriously' as one of the two major Eurozone economies and warned against employing too much flexibility with targets base... Read More
Monday 20 May 2013
Moody's Investors Service still sustains that Rome's stronger public finances are one of the key reasons for maintaining Italy's 'Baa2' sovereign rating one notch above Spain's 'Baa3'. Read More
Monday 20 May 2013
Crude oil futures settled higher on Friday on increased confidence that the US economy is improving as the latest batch of US economic data came in better than expected. Read More
Friday 17 May 2013
Industrial machinery maker Caterpillar has cut the cost of its acquisition of a Chinese mining equipment group, meaning that it will take a big write-down following alleged accounting “irregularities”... Read More
Friday 17 May 2013
Moody's Investor Service has decided to upgrade Turkey's credit rating to an investment grade with a 'stable' outlook after the country underwent several reforms to its financial structure. Read More
Friday 17 May 2013
Finance Minister Pierre Moscovici believes that growth will return to France in the second half of this year after data on Wednesday showed the French economy slipped into recession during the first q... Read More
Friday 17 May 2013
Commodity prices were little changed on Thursday as several macroeconomic indicators disappointed Stateside and as the US dollar rose to ten month highs. Read More
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