Wed, Apr 22nd, 2009 | Business, Top Stories |

April 22 (Bloomberg) -- Australian and New Zealand centralbanks can cut interest rates further, making them better placedthan counterparts to cushion their economies from the globalrecession, the International Monetary Fund said. “Conservative monetary and fiscal policy management inthese economies now leave ...Read More

Runoff to wrap up Romania elections

Sun, Nov 22nd, 2009 | Top Stories, World |

Runoff to wrap up Romania elections Traian Basescu, Romania's incumbent president, has won the first round of the country’s presidential elections. The victory on Sunday will allow him to face Mircea Geoana, the leftist leader, in runoff elections scheduled for December 6. Exit polls showed the incumbent garnering ...Read More

INSTANT VIEW-Incumbent president tops 1st round of Romania vote

Sun, Nov 22nd, 2009 | Politics |

BUCHAREST, Nov 22 (Reuters) - Incumbent president Traian Basescu won the first round of Romania's presidential election on Sunday, and will face leftist leader Mircea Geoana in the Dec. 6 runoff, exit polls showed. The election is vital to solving a ...Read More

Incumbent President Wins 1st Round Of Romanian Vote

Sun, Nov 22nd, 2009 | World |

Filed at 2:10 p.m. ET BUCHAREST (Reuters) - Incumbent President Traian Basescu won the first round of Romania's presidential election on Sunday, and will face leftist leader Mircea Geoana in a December 6 runoff, exit polls showed. Surveys by pollsters INSOMAR and ...Read More

Treasury Two-Year Note Yields Drop to Year Low on Risk Reversal

Sat, Nov 21st, 2009 | Business |

Nov. 21 (Bloomberg) -- Treasury two-year note yields fellto the lowest level this year on concern the rally in riskassets has outpaced growth prospects and as Federal Reserveofficials signaled interest rates will remain near zero. Three-month bill rates turned negative on ...Read More

BOJ May Signal Rates to Stay Low on Deflation Threat

Thu, Nov 19th, 2009 | Business |

BOJ May Signal Rates to Stay Low on Deflation Threat Nov. 20 (Bloomberg) -- The Bank of Japan will probablysignal today that it’s in no hurry to raise interest rates fromnear zero amid mounting government pressure to combat deflation. Governor Masaaki Shirakawa and his colleagues will keepthe benchmark rate at 0.1 ...Read More

US GAO-Hard to see consumer savings from card fees

Thu, Nov 19th, 2009 | Business |

* Merchants fee limits could raise consumers' costs-GAO * Limit on fees could hurt merchants-GAO * Shares of MasterCard rise, but Visa falls (Adds analysts comments, updates stock price) NEW YORK, Nov 19 (Reuters) - U.S. congressional auditorssaid it would be hard to ...Read More

Dollar Trades Near 3-Week Low on Outlook for Fed's Target Rate

Wed, Nov 18th, 2009 | Business |

Nov. 19 (Bloomberg) -- The dollar traded near a three-weeklow against the euro after Federal Reserve Bank of St. LouisPresident James Bullard said past experience indicates policymakers may not start to raise interest rates until early 2012. The dollar may fall ...Read More

Wells Fargo will repay $1.4B in auction-rate settlement

Wed, Nov 18th, 2009 | Business |

SAN FRANCISCO (AP) — Three subsidiaries of Wells Fargo (WFC) have agreed to repay customers about $1.4 billion to settle a lawsuit alleging the company improperly marketed risky investments as safe. California Attorney General Jerry Brown sued the bank in April over ...Read More

Bullard Says It's Not 'Practical' to React to Asia Asset Prices

Wed, Nov 18th, 2009 | Business |

Nov. 18 (Bloomberg) -- Federal Reserve Bank of St. LouisPresident James Bullard said it’s difficult to identify asset-price bubbles, and it’s not “practical” to adjust U.S.monetary policy to account for surging Asian markets. “It is very hard to identify a bubble,” ...Read More

FOREX-Dollar down on outlook for low US interest rates

Wed, Nov 18th, 2009 | Business |

* U.S. dollar retreats after biggest rally in 3 weeks * BoE minutes seen as relatively dovish; sterling hit * U.S. CPI up 0.3 percent but core inflation tame (Updates prices, adds detail) NEW YORK, Nov 18 (Reuters) - The dollar slid against ...Read More

Dollar Falls Against Euro on Outlook for Fed's Target Rate

Wed, Nov 18th, 2009 | Business |

Nov. 18 (Bloomberg) -- The dollar dropped against the euroas Federal Reserve Bank of St. Louis President James Bullardsaid past experience indicates policy makers may not start toraise interest rates until early 2012. Sterling slid from almost a two-month high against ...Read More

Fed President: Rates Near Zero Until 2012

Wed, Nov 18th, 2009 | Business |

Fed President: Rates Near Zero Until 2012 While this Fed President can't actually vote this year, he'll be able to next year. Bloomberg: Federal Reserve Bank of St. Louis President James Bullard said policy makers may not start to raise rates until early 2012 while facing a “too ...Read More

US FED: Bullard Says Market Overly Focused On Interest Rates

Wed, Nov 18th, 2009 | Business |

Washington, November 18 - St. Louis Federal Reserve President James Bullard said today that the market is overly focused on interest rate policy when it should focus on quantitative monetary policy. 'The market's focus on interest rates is disappointing, given quantitative ...Read More

Canada October CPI rises after 4-month decline

Wed, Nov 18th, 2009 | Business |

* CPI turns positive after four months of decline * Core inflation hotter than expected * Inflation not seen as concern to Bank of Canada yet OTTAWA, Nov 18 (Reuters) - Inflation returned to Canada inOctober after a short deflationary bout but prices ...Read More

Stocks post modest gains on rise in commodities

Tue, Nov 17th, 2009 | Business, Top Stories |

Stocks finished an erratic session mixed Tuesday as higher commodity prices lifted energy and materials shares. The meager advances were enough to push stocks to new 13-month highs, though more shares fell than rose at the New York Stock Exchange. The ...Read More

Gold Rises on Bets Demand by Central Banks, Investors to Climb

Tue, Nov 17th, 2009 | Business |

Nov. 17 (Bloomberg) -- Gold prices rose, extending theNovember rally, on bets that central banks and investors willincrease demand for the precious metal as an alternative asset. The International Monetary Fund said yesterday it sold 2metric tons of gold, valued at ...Read More

China Grapples With Pressure Over Currency Controls

Tue, Nov 17th, 2009 | Business |

China Grapples With Pressure Over Currency Controls BEIJING-A growing number of global leaders are urging China to look to its long-term interests and allow its tightly controlled currency to rise. But they are encountering reluctance from a government still very much worried about the economy in the ...Read More

Fed Shouldn't Be 'Paralyzed' by Economy, Lacker Says

Tue, Nov 17th, 2009 | Business |

Nov. 17 (Bloomberg) -- Federal Reserve Bank of RichmondPresident Jeffrey Lacker said central bank officials can’t be“paralyzed” by weak parts of the economy that may keep themfrom raising interest rates to contain inflation. “There is no doubt that we must be ...Read More

US Economy: Production, Prices Increase Less Than Forecast

Tue, Nov 17th, 2009 | Business |

Nov. 17 (Bloomberg) -- Industrial production and wholesaleprices in the U.S. rose less than forecast in October, givingthe Federal Reserve more reason to keep interest rates near arecord low for an “extended period.” Total output rose 0.1 percent, restrained by the ...Read More

Data Point to Low Inflation, Slow Recovery

Tue, Nov 17th, 2009 | Business |

WASHINGTON -- U.S. core wholesale prices unexpectedly fell in October while industrial output rose by less than forecast, giving the Federal Reserve more ammunition to keep interest rates close to zero. The producer price index for finished goods rose 0.3% on ...Read More