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..» Read More
While futures are at their lows, you would think that traders would have been in for hours, trading heavily. But volume is not that heavy; Chinese stocks down 10 percent-20 percent, and energy and material stocks are down 5 percent to 10 percent--but on light volume.
U.S. Treasury Secretary Henry Paulson said on Tuesday he was confident the U.S. and global economies were resilient but welcomed an emergency rate rate cut by the U.S. Federal Reserve as a helpful move.
The Bank of Japan left interest rates unchanged as expected on Tuesday, as fear of a U.S. recession sent stocks tumbling around the world, with the central bank poised to warn of slower growth in an economic review due out in a few hours.
Agreement between the White House and Congress that the stumbling U.S. economy needs help was a big first step but it was clear Saturday there was room for sparring over crafting a rescue package.
Major U.S. indexes have broken key technical support levels, leaving the stock market vulnerable to further declines and the turbulence could get worse, according to chart watchers.
Forget rate cuts and stimulus packages. In Wall Street's eyes, the recession is already here and the credit crunch is far from over.
We’re talking today about what will get buyers back into the market, especially when all the so-called experts we put on the air say that prices are going to continue to fall through the rest of 2008 in the bulk of the nation’s housing markets.
Weaker U.S. growth means that more interest rate cuts are "quite possible" but inflation is also still a risk, Federal Reserve Bank of Richmond President Jeffrey Lacker said Friday.
U.S. consumers' mood brightened a bit in January, defying expectations driven by the constant drumbeat of talk about a possible recession, weak jobs market and falling stock prices.
Wall Street is sending a clear message to Washington: an economic stimulus plan and Fed rate cuts are too little, too late.
I’m very glad that the chairman of the Federal Reserve thinks the economy needs a stimulus package. Yep, the idea of a potential tax rebate check is a great thing for those of us who are having trouble meeting that monthly gas bill or paying for the sundries at the Stop and Shop
Federal Chairman Bernanke told lawmakers that extending tax cuts put in place during the Bush administration could have a positive long-term effect on the economy.
Most analysts say Fed Chairman Bernanke will move cautiously even if the Fed cuts interest rates by half a percentage point at its Jan. 29-30 meeting, as many now expect.
U.S. home building projects started in December fell by 14.2 percent to the lowest pace inmore than 16 years, but jobless claims fell unexpectedly last week.
A Federal Reserve official and a state secretary warned Thursday the slowdown in the U.S. economy was quickening, because of weak housing prices, falling stock prices and rising energy costs.
Fed Chairman Bernanke has indicated he is open to congressional and White House efforts to develop a rescue package to avert a recession.
The Austrian capital is the city where the old EU meets the new EU. Teeming with international organizations, it's also the city that was the first to foray into Eastern European banking and the destination for tasty pastry.
The S&P 500 broke down below its February 2007 low in Wednesday’s late day sell-off. Does the market's action signal more pain ahead?
Employment in Australia recorded another solid rise in December while the jobless rate fell by more than expected, underlining a domestic case for a rise in interest rates, even as a troubled global outlook argued against one.
The home builders appear to be stuck, unwilling to say that anything is going to get better any time soon. The National Association of Home Builders puts out a monthly “sentiment” index, and so far it’s been stuck on the very low end for a very long time. They are not anticipating improvement until at least the second half of 2008.