BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble renewed his criticism of the U.S. Federal Reserve’s move to buy $600 billion worth of government bonds, saying it undermined U.S. credibility and created uncertainty, according to a German magazine.
“I have great doubts about whether it makes sense to pump unlimited amounts of money into the markets,” [...]
Posts Tagged ‘european economy’
German Finance Minister Attacks Fed Move Again : Report
November 6th, 2010 by Financial Writer
Tags: european economy, european union, financial sector, Global Economy, monetary, us economy, world economic
more...Citi’s Good News Proves Reassuring
October 18th, 2010 by Financial Writer
Vikram Pandit, chief executive of Citigroup, has snatched some of Jamie Dimon’s market momentum. Mr. Dimon, who runs JPMorgan Chase, has lately been setting a comforting tone for the sector’s earnings. But growing foreclosure-related fears overshadowed his bank’s latest decent results. Now, his counterpart at Citigroup seems to be the one reassuring investors.
Not that Citi’s [...]
Tags: business, european economy, Federal Reserve, financial markets, foreclosure, mortgage lenders, us tax
China Opposed to Rapid Yuan Gain, Tells EU to Back Off
October 6th, 2010 by Financial Writer
China stiffened its opposition to a rapid appreciation of the yuan, setting the stage for a confrontation over exchange rates at this week’s international monetary meetings in Washington.
Premier Wen Jiabao said China will stick to its policy of gradually increasing the currency’s flexibility and lashed out at European Union leaders for teaming with the U.S. [...]
Tags: bank of japan, central bank, economic growth, economic recovery, european economy, Global Economy, japan's economy, money, us economic, world economic
If no one takes on China, currency wars still loom
September 17th, 2010 by Financial Writer
Treasury Secretary Timothy Geithner this week gave a timid nudge to China to do more about lifting the value of the yuan, which is widely recognized to be kept artificially, and vastly, undervalued to the benefit of Chinese exporters and at the expense of almost everybody else.
Even the International Monetary Fund estimates the yuan to [...]
Tags: Chinese economy, economic growth, economists, european economy, financial crisis, financial system, IMF, us economy, us treasury
Euro Declines on Speculation European Banks Will Struggle to Raise Funds
September 6th, 2010 by Financial Writer
The euro fell the most in a week against the dollar and the yen on concern European banks will struggle to raise funds, damping the region’s economic outlook.
The 16-nation currency weakened against 15 of its 16 major counterparts after the Association of German Banks said the nation’s 10 largest lenders, including Deutsche Bank AG, may [...]
Tags: bank of japan, economists, european economy, financial crisis, financial system, investors, money, wall street
European Exports, Investments Spur Economy’s Recovery
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
European stocks down, growth fears offset earnings
August 18th, 2010 by Financial Writer
European stock markets slipped Wednesday as stronger earnings from U.S. retailers Wal-Mart Stores Inc. and Home Depot Inc. failed to ease worries about slowing growth in China and elsewhere.
Investors also discounted a new round of deal making, after BHP Billiton’s hostile $38.5 billion all-cash takeover for Potash Corp. of Saskatchewan, which the Canadian company’s board [...]
Tags: Dow Jones Industrial, economic indicators, economy recovery, european economy, european stocks, financial markets, housing market, stock market, wall street
Asian Reserves Jump in July as Euro Soars
August 10th, 2010 by Financial Writer
Asia’s foreign exchange hit a record high in July as the region’s fast-growing economies kept attracting strong inflows amid sluggish growth in the developed world, burnishing the role of Asian central banks as key players in the currency market.
Reserves held by 11 key Asian central banks, excluding China’s, amounted to $2.861 trillion at the end [...]
Tags: asian markets, Chinese economy, dow jones, european economy, financial markets, Global Economy, Global Markets, IMF, monetary
China’s Slowing Economy Will Stabilize, Avoid Slump, Central Bank Predicts
July 27th, 2010 by Financial Writer
China’s central bank said the slowdown in growth in the world’s third-largest economy will likely stabilize, helping the nation avoid a slump during the second half of the year.
The economy’s fundamentals remain “good,” the People’s Bank of China said on its website today. China’s decreasing dependence on exports also means the European debt crisis is [...]
Tags: bank of china, Chinese economy, debt crisis, economic growth, economists, european economy, financial system, Global Economy, inflation, interest rates, loans
European, IMF Officials Begin Visit To Greece Amid Protests
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