Fed Holds Line on Rates, Stop MBS Purchase Plan
The Federal Reserve kept interest rates near zero and restated its intention to cease buying mortgag...
US New Home Sales Fall 7.6%
Sales of new homes fell by 7.6 percent in December - a somewhat unexpected result in a year that pro...
FSA chairman calls for direct controls on the supply of credit
Britain's top financial regulator, Lord Adair Turner, said today there was a need for direct control...
Greece may be turning to China for help
The Financial Times and the Wall Street Journal reported that Greece was turning to China to buy up ...
Obama’s Address to Highlight Job Creation
President Barack Obama will address Congress tonight in the annual State of the Union speech that in...
Euro Falls to 6-Month Low
The euro fell to a six-month low versus the dollar as traders moved to the perceived safety of the d...
Davos Forum Predicts “Jobless” Recovery
Experts at the World Economic Forum meeting this week in Davos, Switzerland feel that the global rec...
Greece Denies Reports of Bond Deal with China
Greece on Wednesday denied press reports it had mandated Goldman Sachs to sell bonds to China, but i...
Geithner, NY Fed defend actions on AIG payments
Geithner, in prepared testimony for a much-anticipated congressional hearing on Wednesday, said prot...
Portugal Budget Stress Pressures Euro
Portugal is providing a fresh drag on the euro after it confirmed investors’ fears ...
Euro Will Be Here Forever: ECB’s Weber
The European Central Bank will start phasing out the measures it took to boost liquidity at the heig...
Weber Says ECB May Take Further Exit Steps in First Half
European Central Bank council member Axel Weber said the bank may take further steps in the first ha...
Roubini Never More Pessimistic on Euro Area, Calls Spain a Risk
New York University Professor Nouriel Roubini said he’s never been more pessimistic...
Bernanke dials for support while State of the Union to address Obama’s Volcker Plan
With cap in hand, Bernanke has been accumulating senator’s support for his re-elect...
Australian Fourth-Quarter Consumer Prices Rise 0.5%
Australian consumer prices rose in the fourth quarter, driving the local currency higher as investor...
Japan’s Exports Rise, First Time Since Lehman Failure
Japan’s exports rose for the first time since the collapse of Lehman Brothers Holdi...
US Shadow Inventory Threatens Housing Market Stability
The S&P / Case-Schiller Home Price Index report released earlier today showed that home prices incre...