Caterpillar's Doug Oberhelman tells CNBC the Fed should put off raising interest rates given the "fragile economy."» Read More
COLOMBO, Jan 27- A day after taking over as governor of the Central Bank of Sri Lanka, Arjuna Mahendran said interest rates can be reduced below current record lows once inflationary expectations flatten out, and called for an overhaul of the tax system to help businesses. Mahendran was appointed by the new government of President Maithripala Sirisena's New...
Lindsey Piegza, chief economist at Sterne Agee, says that she expects the U.S. Federal Reserve to keep rates on hold for longer.
Adam Chester, head of UK macroeconomics at Lloyds Bank, shares his thoughts on the latest GDP, data for the UK.
SINGAPORE, Jan 27- Investors seeking to buy property in Singapore or Hong Kong this year may be better off listening to U.S. As interest rates rise, property prices in Hong Kong and Singapore may fall by as much as 5 percent this year, according to a report on prime residential real estate in the region by property consultant Knight Frank. He said a fall in real estate...
*Exports fall for 2nd year in 2014, imports also weak. BANGKOK, Jan 27- Thai exports fell for a second straight year in 2014, a blow for the military government as it struggles to get the economy growing and possibly increasing pressure on the central bank to cut interest rates on Wednesday. For 2014, exports were 0.4 percent lower than the previous year, the...
BANGKOK, Jan 27- Thai exports fell for a second straight year in 2014, showing how the economy has not gained traction since the army took power in May and increasing the chance the central bank will face more pressure to cut interest rates. On Tuesday, the Commerce Ministry reported that exports in December rose 1.9 percent from a year earlier, well above the 0.5...
Jeff Carbone, Founder and Senior Partner at Cornerstone Financial Partners, says the divergence in central bank policies will likely fuel more volatility in financial markets.
The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.020 percent, down from 0.025 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.075 percent, the same as last week. For a $10,000 bill, the three-month price was $9,999.49, while a six-month bill sold for $9,996.21.
After Switzerland's surprise move to unpeg its franc, speculators are eyeing Denmark's currency peg, but the Danes likely won't follow suit, analysts say.
WASHINGTON— The Federal Reserve ended 2014 with a pledge to be "patient" in raising interest rates from record lows. Chalk it up to plunging oil prices and a surging dollar, which makes foreign goods cheaper in the United States. Complicating the Fed's timetable is the European Central Bank's just-announced plan to pump 1 trillion-plus euros into its ailing...
If U.K. consumers continue to keep spending, incentivized by low oil prices, then the Bank of England could hike interest rates sooner than we think, says Jane Foley, senior currency strategist at Rabobank.
CNBC's Rick Santelli discusses the latest action in the bond market, and the eur/yen trade.
The government can help homeowners while also managing risks that contributed to the country's housing crisis, Julian Castro told CNBC.
HUD Secretary Julian Castro, discusses home lending standards, and steps the FHA has taken to safeguard against another housing crisis, yet provide responsible home buyers a chance to own a home.
CNBC's Diana Olick, and HUD Secretary Julian Castro, discuss the Federal Housing Administration's move to lower insurance premiums and how it is expected to help first-time home buyers.
CNBC's Steve Liesman provides a preview of the Federal Reserve's all-important meeting.
Jan 25- Interest rates in Britain may need to start rising sooner than many expectations, Kristin Forbes, a member of the Bank of England's Monetary Policy Committee, said in an interview with the Wall Street Journal. Healthy growth in the United States and low oil prices could trigger consumption and investments in the UK that would help the cause for hiking...
ISLAMABAD, Jan 24- Pakistan's central bank cut its key discount rate to 8.5 percent from 9.5 percent on Saturday, in line with analyst expectations and citing lower inflationary pressure due to falling global oil prices. The International Monetary Fund saved Pakistan from possible default in 2013 by agreeing to lend it $6.8 billion over three years.
ISLAMABAD, Jan 24- Pakistan's central bank cut its key discount rate to 8.5 percent from 9.5 percent on Saturday, in line with analyst expectations, citing lower inflationary pressure due to falling global oil prices.
CNBC's Tyler Mathisen looks back at the week's top business and financial stories. Stocks ended the week positive. Europe instituted a bond-buying boost. And is McDonald's poised for a comeback?