GENEVA, Dec 12- Airlines lobby group IATA has raised its forecast for airline profits this year by 10 percent and predicted passenger numbers topping 3 billion for the first time, reflecting lower jet fuel costs, improved efficiency and global economic growth.» Read More
The markets are expecting a rate cut. The Federal Reserve is reluctant to give them one. Add to the mix some surprisingly good economic news. What've you got? A lot of confusion.
The troubled U.S. housing market has not clearly hurt the wider economy and the Federal Reserve must beware of possible repercussions if it acts to calm market turmoil, one of its top policy-makers said on Thursday.
Most homeowners probably don't know what it is--or even how to pronounce it. But the London Interbank Offered Rate, or Libor, is having a noticeable impact on adjustable rate mortgages.
Turmoil stemming from subprime mortgage delinquencies could dampen demand for homes and ultimately slow economic growth, Federal Reserve Governor Randall Kroszner said Thursday.
Turbulence buffeting global financial markets risks tipping economies into recession but policy makers must avoid overreacting to it for fear of making the situation worse, St. Louis Federal Reserve Bank President William Poole said on Thursday.
The European Central Bank kept its key monetary policy rate flat at 4% on Thursday due to persistent turbulence in the financial markets because of fears of a spillover of the U.S. subprime crisis.
U.S. service sector growth held steady in August, although employment conditions deteriorated to their weakest level in nearly five years, according to a report released Thursday.
Private equity firm Carlyle Group has closed a 5.35 billion euro ($7.31 billion) fund for European buyouts, a sign that investors remain hot on the industry despite the current chill.
Blackstone Group plans to buy a 20 to 40% stake in chemicals company China National BlueStar (Group) for up to $500 million, marking its first major investment in the world's fastest-growing major economy.
Another rise in euro-zone interest rates looked assured last month, but the turmoil in the credit markets has brought pressure on European Central Bank President Jean-Claude Trichet to keep rates at 4%.
The European Central Bank added 42.245 billion euros ($57.66 billion) in temporary overnight funds to money markets on Thursday to ease tensions on the euro interbank lending market.
Asian stocks closed in broadly positive territory Thursday, with the exception of Hong Kong and Australia, despite U.S. housing data renewing fears over the strength of Asia's top export market.
A gauge of U.S. labor demand was higher in August but recruitment activity recovered lessthan it typically does in the month, in another sign of a cooling job market, a report said Thursday.
China's President Hu Jintao gave qualified support to an Australian initiative on climate change on Thursday as a rift opened at the APEC meeting over the "Sydney Declaration" and its targets for cutting greenhouse gas emissions.
Australian employment surged in August while unemployment held at 33-year lows, suggesting the domestic economy had built a full head of steam even as turmoil in credit markets threatened the outlook for global growth.
Fred Thompson will officially--and some say finally--step into the race tomorrow for the Republican presidential nomination in 2008. It is too late? What does he have to bring to the race? He's second in the national polls among GOP contenders. Here's my video report today from "Street Signs."
Pending sales of existing U.S. homes plunged by a record 12.2 percent in July, and private employers hired the fewest workers in more than four years in August, according to reports released Wednesday that point to a weakening U.S. economy.
Global Advisors, a commodity hedge fund manager, said Wednesday it would close two of its three funds due to "poor performance" that prompted investor redemptions, the latest commodity funds to belly up.
The Bank of England broke its silence on Wednesday over the current storm engulfing world financial markets and took steps to bring overnight interest rates down.