ATHENS, Greece— Greek unemployment dropped considerably in the second quarter but still afflicts more than a quarter of the workforce, as the country struggles to climb out of a punishing six-year economic recession.» Read More
SYDNEY, Sept 18- G20 host Australia is leading a push to draw a line under the global financial crisis, urging the group of top economies to swiftly finalise regulations aimed at preventing a repeat of the crash and focus on measures to revive sputtering global growth.
Clem Chambers, CEO of ADVFN, discusses whether Scotland can thrive if the country gains independence in Thursday's referendum.
*Loose Fed policy likely to remain until well into 2017. WASHINGTON, Sept 17- Federal Reserve officials nudged their expected path of interest rate increases higher on Wednesday, but did little to change the outlook for a long slow climb back up to normal monetary policy.
WASHINGTON— The Federal Reserve signaled Wednesday that it plans to keep a key interest rate at a record low because a broad range of U.S. economic measures remain subpar. Walgreen provided enough flu shots last season to protect a population roughly twice the size of Los Angeles.
On Wednesday, the Federal Reserve signaled that it plans to keep a key interest rate at a record low because a broad range of U.S. economic measures remain subpar. Earlier in the day, investors were cheered by news reports that China's central bank would inject a total of 500 billion yuan into the five biggest state banks over three months.
CNBC.com Executive News Editor Patti Domm explains the headlines beyond the Fed and Alibaba that traders are watching, mainly the closely watched secession vote in the United Kingdom.
CNBC's Michelle Caruso-Cabrera reports the latest polls for the Scottish vote for independence are leaning towards "no."
Germany auctioned 3.34 billion euros Wednesday in two-year notes at an average yield of minus 0.07 percent. Expectation the European Central Bank will buy bonds has also driven down yields, which move opposite to prices. The European Central Bank has slashed its interest rate benchmarks in an attempt to spur growth and lift inflation.
NEW YORK, Sept 17- The U.S. dollar edged lower against the euro on Wednesday after data showed U.S. consumer prices fell last month, fueling skepticism that the Federal Reserve will adopt a more hawkish tone in a policy statement later in the session.
NEW YORK, Sept 17- U.S. The Labor Department said its Consumer Price Index dropped 0.2 percent last month as a broad decline in energy prices offset increases in food and shelter costs.
The European Union's statistics office, Eurostat, said Wednesday the eurozone's annual inflation rate was 0.4 percent, up from its initial estimate of 0.3 percent published late last month. However, the Eurostat figures showed that the eurozone's third- and fourth-largest economies, Italy and Spain, saw prices fall by an annual 0.2 percent in August.
LONDON— Bank of England policymakers remain divided on whether to raise interest rates, voting 7-2 at their last meeting in favor of keeping the main rate at a record low 0.5 percent. Minutes from the Sept. 3-4 meeting show Wednesday that policymakers retained the status quo even as Europe's third-largest economy recovers at a brisk pace.
NEW YORK— The stock market got the reassurance it wanted from the Federal Reserve Wednesday. "The Fed is not going to take the punch bowl away," said Brad McMillan, chief investment officer for Commonwealth Financial. Major indexes drifted before the Fed released a statement at 2 p.m. Eastern time signaling little change in its interest rate policy.
STOCKHOLM- Sveriges Riksbank will release the minutes of September monetary policy meeting- 0730 GMT. STOCKHOLM- Sweden Central Bank Deputy Governor Martin Floden speaks on the topic "The economic situation and my views on monetary policy"- 0900 GMT.
They doubt that global economic ties create jobs or raise wages, an international survey conducted by the Pew Research Center shows. But people China and other low- and middle-income countries are far more convinced that trade delivers jobs and higher wages, Pew said Tuesday in releasing the results of its survey of 48,643 people in 44 countries.
Alibaba risk: China's rise leaves out investors. WASHINGTON— American investors are clamoring to buy a stake in Chinese e-commerce giant Alibaba, which is launching what may prove the biggest initial public stock offering ever. IPOs, according to research by Jay Ritter, a finance professor at the University of Florida.
DRUMMONDVILLE, Quebec, Sept 16- Recent Canadian economic data has been encouraging, particularly on exports, Bank of Canada Governor Stephen Poloz said on Tuesday, but he pointed to a substantial amount of slack in the job market.
MOSCOW, Sept 16- The Russian central bank sees crude oil prices returning to above $100 per barrel in coming quarters and staying above that mark in 2016-2017, according to the bank's quarterly monetary policy document published on Tuesday.
LONDON, Sept 16- German 10- year yields fell back below 1 percent on Tuesday as data showed investor morale hit its lowest in nearly two years in September, suggesting tensions between Russia and the West had hit Europe's largest economy.
MOSCOW, Sept 16- Russia risks slipping into recession because the government is not investing enough in the economy to weather Western sanctions, former finance minister Alexei Kudrin said on Tuesday, criticizing the strategy so far.
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