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November 13th, 2010 by Financial Writer
Ultra-loose monetary policies by the U.S. Federal Reserve and the European Central Bank are throwing the world into “chaos” rather than helping the global economic recovery, Nobel Prize winning economist Joseph Stiglitz said on Tuesday.
A “flood of liquidity” from the Fed and the ECB is bringing instability to global foreign exchange markets, Mr. Stiglitz told [...]
Tags: au, bank, central bank, economic, economic recovery, economist, economy, euro, Europe, european central bank, fed, Federal Reserve, glo, global economic, monetary, thomson reuters, us
October 26th, 2010 by Financial Writer
The dollar rose to a one-week high against the euro amid speculation more debt purchases by the Federal Reserve will help revive economic growth.
Australia’s dollar fell for a second day after the nation’s consumer prices rose by less than some economists had forecast, damping prospects the central bank will raise interest rates next month. New [...]
Tags: australians, central bank, commerce department, consumers, economic growth, european central bank, Global Economy, us economic
September 30th, 2010 by Financial Writer
A new council of U.S. regulators charged with identifying risks to the financial system holds it first meeting later on Friday with an agenda that includes risky trading and how to pick which non-bank financial institutions need special scrutiny.
The Financial Stability Oversight Council, created under the financial overhaul signed into law in July, is scheduled [...]
Tags: economic growth, economy recovery, european central bank, financial crisis, financial system, loans, stock market, us economy
September 2nd, 2010 by Financial Writer
European exports surged the most on record and corporate spending rebounded from a two-year slump in the second quarter, fueling the region’s fastest economic expansion in four years.
Exports from the 16-nation euro region jumped 4.4 percent from the first quarter, the biggest gain since data were first compiled in 1995, while corporate spending rose 1.8 [...]
Tags: economic growth, economists, economy activity, european central bank, european economy, global recovery, interest rates
August 27th, 2010 by Financial Writer
The Federal Reserve chairman, Ben S. Bernanke, said Friday that the central bank was determined to prevent the economy from slipping into a cycle of falling prices, even as he emphasized that he believed growth would continue in the second half of the year, “albeit at a relatively modest pace.”
To help sustain the economy, Mr. [...]
Tags: ben bernanke, borrowers, central bank, economists, european central bank, Federal Reserve, IMF, interest rates
August 20th, 2010 by Financial Writer
The euro fell to the lowest level in five weeks against the dollar after European Central Bank council member Axel Weber said the region’s economy may need help from the central bank through the end of the year.
The shared currency dropped to the least since July 1 versus the Swiss franc after Weber told Bloomberg [...]
Tags: businesses, economic growth, economists, economy recovery, european central bank, financial, global economic, home sales, us economy
August 19th, 2010 by Financial Writer
The Bundesbank said Thursday that Germany’s economy is on track to generate growth of around 3% for 2010 and that there is little chance of the United States going back into recession.
The assessment in the German central bank’s monthly report for August was credited with temporarily lifting U.S. stock index futures, while European shares extended [...]
Tags: banks, central bank, economists, economy recovery, european central bank, european markets, germany, Global Economy, money
August 5th, 2010 by Financial Writer
European Central Bank President Jean- Claude Trichet said the euro-area economy is strengthening faster than forecast and money markets are improving as the region recovers from its sovereign debt crisis.
“The available data for the third quarter are better than expected,” Trichet told reporters in Frankfurt today after the ECB’s Governing Council set its benchmark rate [...]
Tags: debt crisis, economic, economic growth, economy recovery, european central bank, financial, Global Markets, investors, money
July 26th, 2010 by Financial Writer
A delegation of European and International Monetary Fund officials began a two-week visit to Greece Monday to assess the country’s reform progress that will determine its eligibility to receive further funding under an EUR110 billion loan deal.
The interim review by the so-called troika of European Commission, European Central Bank, and IMF officials comes amid the [...]
Tags: business, economists, economy, european central bank, european economy, financial, financial markets, financial system, IMF, interest rates, loans, stock market
July 8th, 2010 by Financial Writer
Europe’s weakened economy is now the central threat to global recovery, as its countries struggle with heavy debt, banks face a reckoning over their lack of capital and growth is slowing, the International Monetary Fund said Wednesday in its first assessment of the world economy since a crisis over government borrowing in Greece.
While the agency [...]
Tags: bank of england, economic growth, european central bank, european economy, financial crisis, global financial markets, global recovery, IMF, interest rates, world economic
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