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The Federal Reserve may need to begin an exit from record levels of monetary accommodation even amid global uncertainties in Japan and the Middle East, St. Louis Federal Reserve President James Bullard said.
“The process of normalizing policy, even once it begins, will still leave unprecedented policy accommodation on the table,” Bullard said at a […]
The Irish government may be forced to take controlling stakes in Bank of Ireland Plc and Irish Life & Permanent Plc, the last of the country’s biggest lenders to escape state control, following tomorrow’s stress tests.
“They’ve clearly got most to lose,” said Oliver Gilvarry, head of research at Dublin-based Dolmen Securities, who has “sell” […]
At the age of 42, Alex Shnaider has built the tallest residential tower in Canada
Filed under: management, markets by Guru
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The federal budget may include assistance for low-income seniors and retirees who rely on government benefits and tax changes for those whose investment nest eggs have been hard-hit by stock market turmoil.
The minister has already hinted there could be help for low-income single seniors, said Susan Eng, vice president, advocacy, for the Canadian Association […]
The operator of Japan’s crippled, leaking nuclear plant says two of the six reactor units are now safely under control after their fuel storage pools cooled down.
Tokyo Electric Power Company declared Units 5 and 6 safe Sunday night after days of pumping water into the reactors pool brought temperatures down.
Bringing the two units under control […]
China on Friday ordered its banks to raise the amount of money they hold in reserves in another move to curb lending and cool a spike in inflation.
The People’s Bank of China said banks must raise reserves by 0.5 percent of deposits. This is the third such move this year by the central bank and […]
A judge on Tuesday granted Borders a 90-day extension to determine how many additional stores it will close as it reorganizes under bankruptcy protection.
Borders said in February, when it filed for Chapter 11 reorganization, that it planned to close 200 stores. It now seeks to close up to 75 more, although the number is likely […]
Filed under: dollar, management by Guru
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– China’s lending and money supply grew by less than economists expected in February, aiding the government’s campaign to rein in prices in the fastest-growing major economy.
Banks extended 535.6 billion yuan ($81.5 billion) of new local-currency loans last month, compared with the 600 billion yuan median estimate in a Bloomberg News survey of 19 […]
China’s government says inflation held steady at 4.9 percent in February despite efforts to cool price rises.
Friday’s announcement adds to pressure on communist leaders to rein in surging living costs that they worry could fuel social tensions. The rate was above the government’s target of 4 percent inflation this year and close to November’s 28-month […]