CNBC's Tyler Mathisen looks back at the week's top business and financial stories. Headlines hurt stocks this week, while GM is facing a federal investigation. The White House boosts overtime pay for non-union workers, McDonald's employees are suing the company and Men's Wearhouse gets Joseph A. Bank.» Read More
RUSSIA'S CENTRAL BANK SAYS DOES NOT INTEND LOWERING THE KEY RATE IN COMING MONTHS.
NEW DELHI, March 14- India's wholesale price-based inflation eased to a nine-month low in February as food and fuel prices moderated, raising expectations that the central bank would leave interest rates unchanged at its policy review next month.
MOSCOW, March 14- Hackers brought down the Russian central bank's website on Friday before a meeting on interest rates, the bank said. "The site of the central bank is experiencing problems due to a hacker attack," the Bank of Russia said in a statement.
The Reserve Bank of New Zealand became the first developed world central bank to hike interest rates on Thursday. Will other central banks follow suit? CNBC's Julia Wood reports.
While the U.S. dollar has been gaining strength over the years, Greg Gibbs, Senior Currency Strategist at RBS, says the greenback could begin to struggle as rate hikes do not seem likely in the near term.
BOGOTA, March 13- Colombia's central bank could begin raising its key interest rate toward a neutral level as temporary supply shocks disappear and gradually allow inflation to rise, the International Monetary Fund said on Thursday.
SANTIAGO, March 13- Chile's central bank cut its key interest rate on Thursday to boost economic growth, and suggested more reductions could be in the pipeline if domestic and external macroeconomic conditions merit it.
CNBC's Rick Santelli discusses how this morning's revised retail number is impacting Treasurys, and takes a look at the action in Japanese government bonds and the Chinese yuan.
Tim Sloan, Wells Fargo CFO, discusses what's driving loan demand now. We are optimistic about the spring selling season, says Sloan. And Jack Welch, Jack Welch Management Institute at Strayer University, shares his thoughts on retail space.
Maynar Arif, Head of Research at DBS Vickers Securities Indonesia, explains why he thinks Bank Indonesia will keep interest rates on hold Thursday.
WELLINGTON, March 13- New Zealand's central bank raised interest rates on Thursday and signalled an aggressive tightening this year, taking the lead among developed economies in lifting rates off record lows as it tries to quell inflation pressures in an outperforming economy.
*Bank of Korea seen raising rates from late 2014. SEOUL, March 13- South Korea's central bank kept interest rates steady for a 10th straight month on Thursday, as expected, as it eyes offshore risks and a slow domestic economic recovery amid low inflationary pressures.
SEOUL, March 13- South Korea's central bank kept interest rates steady for a 10th straight month on Thursday, as expected, as it eyes offshore risks and a slow domestic economic recovery amid low inflationary pressures. The Bank of Korea's monetary policy committee held its base rate steady at 2.50 percent, a media official said without elaborating.
WELLINGTON, March 13- New Zealand's central bank raised interest rates on Thursday and signaled further rises through early 2017, taking the lead among developed economies in tightening monetary policy as it tries to quell inflation pressures in an outperforming economy.
WELLINGTON, March 13- New Zealand's central bank raised its benchmark cash rate by 25 basis points to 2.75 percent on Thursday, as expected, and flagged a series of further increases to keep inflation pressures in check as the economy gains momentum. New Zealand's 2.75 percent official cash rate compares with Australia's 2.50 percent, the U.S.
*U.S. central bankers stressing "gradual" approach. SAN FRANCISCO/ NEW YORK, March 12- Janet Yellen has a message to markets: the Federal Reserve will keep interest rates low for a while yet and, when it does begin to tighten monetary policy, it will do so only slowly.
Construction material costs have been rising so fast it's hard to keep pace, Mohawk CEO Jeffrey Lorberbaum tells CNBC.
CNBC's Rick Santelli discusses the latest action in the bond market, as the euro "continues to be a barn burner."
BANGKOK, March 12- Thailand's central bank cut its benchmark interest rate by 25 basis points on Wednesday in a bid to spark growth in an sluggish economy hurt by months of political unrest. The Bank of Thailand's Monetary Policy Committee voted 4-3 to cut the one-day repurchase rate to 2.0 percent, a level last seen in late 2010..