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 ‘world economic’
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...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
European economy slowed by sovereign debt, banking crises
July 13th, 2010 by Financial Writer
Speaking to reporters at the end of last week, the head of the European Central Bank (ECB), Jean-Claude Trichet, sought to play down speculation on the possibility of the euro-zone entering a new recession.
“We are in a situation,” he said, “where a number of facts and figures and data are not, I would say, confirming [...]
Tags: economic growth, economists, economy recovery, euro zone, european economy, financial crisis, IMF, interest rates, loans, money, us economic, world economic
Europe presents main threat to global recovery, IMF says
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
Wall Street Traders Return and Start Buying
July 6th, 2010 by Financial Writer
Traders returned to Wall Street on Tuesday from a long holiday weekend and promptly began to buy.
Shares in Europe and Asia were also higher as investors tried to recover losses that piled up after a string of disappointing economic reports.
The jump as investors looked past a report that growth in services businesses slowed last month. [...]
Tags: bank of england, bank stock, businesses, consumer spending, Dow Jones Industrial, economic growth, economic reports, economists, european central bank, investors, Nasdaq composite, wall street, world economic
Business warns regulation may crimp recovery
January 27th, 2010 by Financial Writer
Global business leaders warned Western governments on Wednesday that a populist crackdown on the financial industry could crimp a fragile recovery from the worst recession since the 1930s.
The worried response to U.S. President Barack Obama’s plans to curb big banks and a British assault on bankers’ pay came as 2,500 business leaders and policy makers [...]
Tags: business, commercial banks, financial industry, financial sector, global business, recession, world economic