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WRAPUP 5-Bernanke says more progress needed before stimulus pullback
Reuters* Bernanke touts benefits of Fed bond buying * Says end to purchases will depend on economy * Could trim bond buys at one of the "next few meetings" * If anything, "inflation is too low," Bernanke says By Pedro da Costa and Alister Bull WASHINGTON,...Tags: Employment Opportunities, Employment, Financial Markets, S&P 500, Productivity
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Bernanke says more progress needed before stimulus pullback
ReutersWASHINGTON (Reuters) - The Federal Reserve's monetary stimulus is helping the economy recover but the central bank needs to see further signs of traction before taking its foot off the gas pedal, Fed Chairman Ben Bernanke said on Wednesday. A decision to...Tags: Labor Day, Inflation and Deflation, Financial Markets, Productivity, S&P 500
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China May HSBC flash PMI slips to 7-month low on weak demand
ReutersBEIJING, May 23 (Reuters) - China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest economy is...Tags: Labor Markets, China, HSBC Holdings plc
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Credit rating firms sow doubt on euro zone bond rally
Reuters* Ratings agencies warn euro zone ratings still at risk * Favourable market conditions may be temporary-Moody's * S&P warns cheap cash creates complacency risks By Marius Zaharia LONDON, May 22 (Reuters) - Credit rating firms say they could further...Tags: Bonds, Italy, Republic of Ireland, Spain, Stock Market
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WRAPUP 1-IMF urges UK to spend more to fund investment
ReutersBy William Schomberg and David Milliken LONDON, May 22 (Reuters) - Britain's government should spend more now to fund investment and steer its economy back to recovery, the International Monetary Fund said on Wednesday, a call unlikely to be heeded by...Tags: Bonds, International Monetary Fund, Government, Government Debt, United Kingdom
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ECB FOCUS-Target2 charts progress since Draghi's save the euro pledge
ReutersBy Sakari Suoninen FRANKFURT, May 22 (Reuters) - Almost a year after ECB President Mario Draghi vowed to do whatever it takes to save the euro, a key indicator of euro zone tension is much diminished and economic recovery will likely bring further...Tags: Italy, Germany, Financial Markets, Mario Draghi, Foreign Exchange Market
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Fed's Bullard recommends euro zone consider QE
ReutersFRANKFURT (Reuters) - A top Federal Reserve official urged the European Central Bank on Tuesday to consider employing a U.S.-style quantitative easing program to counter slowing inflation and recession in the euro zone. The ECB has engaged in bond...Tags: Bonds, Inflation and Deflation, Foreign Exchange Market, Japan, Money and Monetary Policy
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Spain's former PM Aznar suggests may challenge Rajoy
ReutersMADRID (Reuters) - Spain's former Prime Minister Jose Maria Aznar suggested on Tuesday he may seek to make a political comeback by mounting a challenge to his party mate and political heir Prime Minister Mariano Rajoy. In a rare interview on Spanish...Tags: Spain, Government, Mariano Rajoy, Politics
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ECB's Liikanen urges open mind on asset-backed securities
ReutersHELSINKI (Reuters) - The European Central Bank must keep an open mind on all policy tools, including buying asset-backed securities (ABS), to get lending flowing to small businesses, Governing Council member Erkki Liikanen said on Tuesday. The ECB's...Tags: European Central Bank, Business Opportunities, Economy, Business and Finance, Small Businesses, Services and Shopping
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IMF says Washington cutting budget deficits too quickly
ReutersWASHINGTON (Reuters) - The International Monetary Fund on Monday said the United States was getting carried away with a government austerity drive, offering some of the institution's bluntest criticism yet of Washington's rush to cut its budget deficit....Tags: Congressional Budget Office, International Organizations, International Monetary Fund, Economy, Business and Finance, Government Debt
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Special Report: The Rise and Fall of China's Sun King
ReutersHONG KONG (Reuters) - In a 2010 speech before a packed ballroom of university students in Sydney, Shi Zhengrong, founder of Chinese solar-panel maker Suntech Power Holdings Co Ltd, listed the people who had been important in his rise to fame and riches....Tags: Trials, Science, Alternative Energy, Energy Saving, Financial Markets
May 22, 2013
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May 22, 2013
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May 22, 2013
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May 22, 2013
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May 22, 2013
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May 21, 2013
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May 21, 2013
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May 20, 2013
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May 20, 2013
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