March 4th, 2010
Past may be no prologue for Treasury investors when Federal Reserve policy makers begin to withdraw their unprecedented monetary stimulus without raising interest rates.
For the first time since at least 1980, a change in monetary policy may mean the difference between short- and long-term Treasury yields will widen rather than narrow. The threat […]
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January 15th, 2010
A tech rally propelled the Nasdaq and helped the broader market erase losses Friday, as investors took in stride a surprisingly weak jobs report amid other recent signs that the economy appears to be stabilizing.
The Dow Jones industrial average (INDU) added 11 points, or 0.1%. The S&P 500 index (SPX) gained 3 points, or […]
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November 28th, 2009
Canwest Global Communications delivered another quarterly loss on Friday, with the still-sluggish advertising market pulling down overall revenues by 13 per cent during a period that saw little in the way of good news for a company in the midst of a major restructuring.
The Winnipeg-based media conglomerate posted a $111-million loss worth 62 cents […]
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November 27th, 2009
The United States’ pattern of consumption funded by credit has an impact on its currency’s exchange rate, ECB’s governing council member Nout Wellink said on Thursday.
“The sub prime crisis was an expression of living above its means. That then translates into the exchange rate versus foreign currencies,” Wellink said during a symposium of the […]
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October 13th, 2009
The U.K. housing market strengthened in September as the proportion of surveyors and real-estate agents reporting higher prices rose to the highest since May 2007, the Royal Institution of Chartered Surveyors said.
The number of respondents saying prices rose exceeded those reporting declines by 22 percentage points, compared with 10 percent in August, RICS […]
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September 24th, 2009
Japan’s exports fell for an 11th month in August as the economic recovery struggled to gain traction.
Shipments abroad dropped 36 percent from a year earlier compared with a 36.5 percent decline in July, the Finance Ministry said today in Tokyo. From a month earlier, exports fell 0.7 percent, the second straight decrease.
Today’s […]
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September 12th, 2009
The U.S. budget deficit was little changed last month from a year earlier and narrower than economists predicted as tax receipts shrank and spending fell for the first time since February.
The excess of spending over revenue totaled $111.4 billion in August, compared with $111.9 billion a year earlier, the Treasury reported in Washington. […]
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August 4th, 2009
U.S. banks may need to boost reserves for potential losses on home-equity loans after the Federal Deposit Insurance Corp. issued guidance in response to a slump in property prices from their peak in 2006.
The regulator, in a letter today to banks and examiners, urged lenders to consider issues such as whether borrowers’ total […]
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July 29th, 2009
India’s central bank may start reversing its interest-rate cuts in early 2010 as food and energy prices fan inflation, after it kept borrowing costs unchanged yesterday to bolster economic growth.
“On the way forward, the Reserve Bank will have to reverse the expansionary measures to subdue inflationary pressures while preserving the growth momentum,” Governor […]
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July 16th, 2009
The Japanese government and central bank should be ready to provide additional stimulus measures should global demand fail to improve enough to underpin a recovery, the International Monetary Fund said.
“There are downside risks, particularly if export demand continues to remain weak and unemployment starts to weaken consumption further,” Jim Gordon, the IMF mission […]
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