BEIJING, Feb 28- China's central bank cut interest rates on Saturday, just days before the annual meeting of the country's parliament, in the latest effort to support the world's second-largest economy as its momentum slows and deflation risks rise. "The focus of the interest rate cut is to keep real interest rate levels suitable for fundamental trends in...» Read More
Jobless claims fell by 22,000 last week, but the number of workers remaining on jobless aid rose to its highest in more than two years.
The ECB decided to hold its main rate at 4% today, while the US Federal Reserve and the Bank of England have been cutting rates. See how the rates compare for the past 10 years...
The Bank of England cut its main interest rate by a quarter point to 5.25 percent on Thursday, as widely expected, amid worries about a slowdown in the economy.
In a Toronto appearance late this afternoon, Warren Buffett said interest rate cuts by central bankers have made money more available and even inexpensive. Buffett also repeated his concerns about the U.S. dollar due to the nation's high current account deficit and echoed his long-term optimism about the health of the U.S. economy.
The Bank of England is widely expected to cut interest rates by 25 basis points Thursday, for the second time in three months, in a delicate balancing act between offsetting the impacts of a slowing economy and fending off inflation.
The Fed must remain vigilant against rising inflation pressure this year even as the U.S. economy slows sharply, Philadelphia Fed President Charles Plosser said.
U.S. productivity in the fourth quarter rose at a stronger-than-expected pace as the biggest cutback in working hours in nearly five years helped restrain growth in labor costs, a U.S. Labor Department report showed on Wednesday.
I don’t often get to chat with the CEOs of the big public builders anymore. Most of them can’t stand me because they think I’m to blame for the downfall of the housing market (What? Is my middle name Mozilo or something???).
A softer stance on inflation by the European Central Bank and more rate cuts from the Bank of England would boost European stocks. Investors could cautiously start to buy shares.
The European Central Bank is likely to keep its title as the last inflation hawk standing at its rate-setting meeting Thursday, but as fears of a global economic slowdown grow, calls for easing will only increase.
The most likely path for the US economy is sluggish growth for at least half a year before a gradual recovery begins, Richmond Federal Reserve Bank President Jeffrey Lacker said.
I’ve saying it on TV ‘til I’m blue in the face, and now I’ve got the numbers on paper. The Federal Reserve’s January Senior Loan Officer Opinion Survey, finds the following: - 55 percent of domestic respondents said they had tightened their lending standards on prime mortgages; that’s up from 40 percent in the October survey.
Fitch Ratings announced plans to toughen the way it rates $220 billion worth of corporate collateralised debt obligations (CDOs) following criticism that debt ratings played a role in creating the credit crisis.
If the health of the economy is so murky, why has the Federal Reserve been so aggressive in cutting interest rates?
Euro zone service sector growth slowed sharply in January from an already weak estimate and retail sales fell in the key Christmas period, according to data on Tuesday that stoked fears of a recession.
The day after the Federal Reserve’s emergency interest rate cut two weeks ago, Jean-Claude Trichet went before the European Parliament to deliver perhaps the most eagerly awaited speech of his four years as president of the European Central Bank.
Australia's central bank on Tuesday raised interest rates to a decade peak of 7 percent, as it struggled to keep inflation under control, and left the door open for even more hikes if the red-hot economy did not cool soon.
Australian consumers went on a shopping spree last quarter, data showed on Tuesday, giving a boost to an already red-hot economy and reinforcing the case for an imminent rise in interest rates.
There's a lot of debate about whether stocks have hit bottom or whether those up days were all just a head fake rally. Today's action makes you wonder. The financials, acting better on up days, are the worst performers today, and those safe haven utilities are the best performers.
New orders at U.S. factories rose a less-than-expected 2.3 percent in December, the steepestgain since July, on strong aircraft sales, a government report showed.