The Chinese yuan posted its biggest one-day fall on Monday, while a fall in short-term interest rates fueled talk that China's central bank may be easing monetary policy. CNBC's Deirdre Wang Morris tells us more.» Read More
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.
There's more at play in the recent housing setback than just this winter's frozenomics, home builder Ara Hovnanian tells CNBC.
WASHINGTON, March 9- Central bank efforts to become more predictable on future interest rate moves have smoothed out short-term upsets in financial markets but could also lead to excessive risk-taking, research from the Bank for International Settlements said on Sunday.
BEIJING, March 8- It will be hard for China to avoid short-term economic pain from interest rate reforms, central bank governor Zhou Xiaochuan was quoted by state television on Saturday as saying.
CNBC's Tyler Mathisen looks back at the week's top business and financial stories. The bull market continues, in spite of bad winter weather and the situation in Ukraine. Auto sales were mixed, while Radio Shack & Staples announced they would be closing a number of stores. And the SAT made changes this week, going back to a total 1600 score and making the essay portion optional.
CNBC's Rick Santelli discusses how today's jobs number is impacting the dollar/yen trade, yields, and the financial sector.
*January trade deficit narrows to C $177 mln ( $161 mln. OTTAWA, March 7 (Reuters)- The Canadian economy unexpectedly lost 7,000 jobs in February, giving little reason for the Bank of Canada to change its neutral stance on interest rates after strong hiring in January had raised hopes of renewed vigor in the labor market.
NEW YORK, March 7- U.S. stock index futures added to gains after a better-than-expected reading on employment data for February. S&P 500 e-mini futures rose 7.5 points and were above fair value, a formula that evaluates pricing by taking inL1N0M40YEto account interest rates, dividends and time to expiration on the contract.
Putin is trying to rebuild Soviet Union, former Fed Chairman Alan Greenspan tells CNBC.
Alan Greenspan, former Federal Reserve chairman, shares his thoughts on what he learned at the Federal Reserve about long-term economic stability and its part in creating economic bubbles.
Alan Greenspan, former Federal Reserve chairman, shares his thoughts on the impact of weather on the employment report.
*Dollar firm versus yen, Ukraine wariness seen capping gains. TOKYO, March 7- The euro hovered near a two-month high against the dollar early on Friday following a relief rally when the European Central Bank left its interest rates unchanged. The euro stood at $1.3860, within a stone's throw of a two-month peak of $1.3873 hit on Thursday just after the ECB decision.
Michael Woolfolk, Managing Director and Senior Currency Strategist at BNY Mellon, says the euro will be on an uptrend, after the European Central Bank kept rates unchanged on Thursday.
The European Central Bank left interest rates unchanged on Thursday and ECB President Mario Draghi told a news conference that economic conditions in the region did not require shifts in monetary policy, including some that may have driven currency trading away from the euro.
BERLIN, March 6- Europe's hotel sector is finding its financing options are the best in years as investors seek better returns in a low interest rate environment and economies emerge from bruising recessions, fanning optimism for the rest of the year.
CNBC's Rick Santelli discusses the latest action in the bond market, after the release of this morning's initial jobless claims data. Also a look at why the euro is in "break out mode."
*ECB keeps main refinancing rate at record low of 0.25 pct. FRANKFURT, March 6- The European Central Bank left interest rates on hold and unveiled no other measures to bolster a fragile euro zone recovery on Thursday despite forecasting low inflation for years to come.
RIO DE JANEIRO/ BRASILIA, March 6- Brazil's central bank said on Thursday it will remain vigilant to minimize the risk of high inflation despite some moderation in price increases, signaling it may not be done raising interest rates just yet.
*Diplomatic talks in Ukraine also weigh on safe-haven debt. LONDON, March 6- German government bond yields rose on Thursday, led higher by the European Central Bank's decision to keep interest rates on hold and as talks to resolve the crisis in Ukraine dampened demand for safe-havens.
ECB president Mario Draghi says the key ECB interest rate will remain at "present or lower levels for an extended period of time" to assist the moderate recovery in the euro zone.