To curb slowing growth, Chinese policymakers could unveil another interest rate cut in May or June, says Mark Andersen, global co-head of Asset Allocation at UBS CIO Wealth Management.» Read More
French President Nicolas Sarkozy will ask British Prime Minister Gordon Brown for help in getting Washington to prop up the ailing dollar, but Britain has usually shunned managing exchange rates.
A silver lining in housing? The New Home Sales was a disappointment this morning. Even though sales were a bit higher than expected, the inventory of unsold homes remained unchanged with Jan at 9.8 months supply, a bit disappointing.
If you’re in the market for a student loan, there's more federal funding out there than you may think. You may just have to look a little harder.
Chicago Federal Reserve Bank President Charles Evans said on Wednesday that U.S. interest rates are now "accommodative" and should help to support stronger growth in the second half of 2008.
An awful lot of people were on the phone to their mortgage brokers last week--according to the Mortgage Bankers Association’s Weekly Applications Survey. Application volume increased 48 percent from the week before, but before you go calling an end to the housing downturn, there’s something you should know:
Orders for big-ticket manufactured goods fell for a second straight month in February, a worse-than-expected performance that provided more evidence of a slumping economy.
Top central bankers warned on Wednesday there was no end in sight yet to the global credit crunch as German banking giant Deutsche said the crisis threatened its profit target for this year.
Tighter lending conditions have made the Bank of England more inclined to cut interest rates as the global credit crunch enters a new and difficult phase, Mervyn King, the central bank's governor, said on Wednesday.
The European Commission expressed concern on Wednesday about the euro's rise, saying it added to the strengthening headwinds facing euro zone growth, but stuck to its 1.8 percent forecast for 2008 economic growth.
The interbank cost of borrowing three-month dollar, sterling and euro funds rose on Tuesday, according to the British Bankers Association's latest daily fixing, despite central banks continuing to pump funds into the money market.
South Korea's central bank chief on Tuesday said an expected annual current account deficit and high inflation favored higher interest rates, although a slowing economy supported the case for steady or lower rates.
British Prime Minister Gordon Brown and French President Nicolas Sarkozy will urge banks this week to make "full and immediate disclosure" of write-offs due to the global credit crisis, British officials said on Monday.
I’ve been reporting on the new proposals from House Financial Services Committee Chairman Barney Frank that he put forth in a news conference this morning. A lot of it is very complicated and has to do tighter regulations of capital markets and investment banks.
So instead of holding reform over their heads, the government finally let up and gave Fannie and Freddie a break on their capital requirements--which were above the norm as a punishment for previous accounting “issues.”
Fed Chairman Ben Bernanke’s stock is at a 52-week high on Wall Street --- with the exception perhaps of Bear Stearns, which appears to be selling him short.
A day after the Federal Reserve cut interest rates another three-quarters of a point, CEOs joined Squawk Box to share their outlook on the economy and markets.
Two of the nine Bank of England policymakers opposed this month's decision to keep interest rates at 5.25 percent, preferring an immediate quarter-point cut to shore up the economy in the face of a global downturn.
Stocks take off after better-than-expected earnings from Lehman and Goldman and go higher still on another Fed rate cut. Also, breaking news on the Visa IPO and more.
Well, not altogether true, of course. Or rather: It´s not so much confidence, but the notable lack thereof. Has Ben Bernanke completely lost his bearings? That's the question of the day ...
Stocks soared Tuesday, led by financials, as the market breathed a huge sigh of relief following better-than-expected earnings from Goldman Sachs and Lehman Brothers.