Search Results for: bond
Asia follows Wall St. higher, euro probes lows
July 17th, 2014
Asian equities gained on Thursday, lifted by another record-high close on Wall Street, while the euro probed recent lows against the dollar amid speculation the U.S. Federal Reserve is tilting toward tighter monetary policy in light of a stronger ...
Yellen Says Restraining the Fed’s Oversight Would Be a ‘Grave Mistake’
July 17th, 2014
The Federal Reserve’s chairwoman, Janet L. Yellen, said on Wednesday that it would be a “grave mistake” for Congress to adopt legislation proposed by House Republicans constraining the Fed’s management of monetary policy. Ms. Yellen and Republican lawmakers traded ...
EU Readies Russia Sanctions Amid U.S. Pressure on Ukraine
July 16th, 2014
European Union leaders may impose their first sanctions today against Russian companies that are helping undermine Ukraine as the U.S. urges the bloc to take a tougher stance against Moscow. EU leaders may also agree at a summit tonight ...
Litigation costs hit Bank of America quarterly profit
July 16th, 2014
Bank of America Corp (BAC.N), the second-largest U.S. bank by assets, reported a 43 percent drop in second-quarter profit as mortgage revenue fell and litigation costs soared. Earnings attributable to shareholders fell to $2.04 billion, or 19 cents per ...
Unemployment in Britain Falls to 6.5 Percent
July 16th, 2014
British workers’ earnings grew at the slowest rate on record in the three months to May, one gauge showed, even as unemployment fell further, giving the Bank of England pause for thought as it prepares to start raising interest ...
EUR/USD: Dollar Rally Continues on Yellen Remarks
July 16th, 2014
EUR/USD continues to point southward on Wednesday. In the European session, the pair is trading in the low-1.35 range. The dollar is broadly higher following remarks from Janet Yellen on Tuesday concerning an interest rate hike. The Fed chair ...
Asia stocks manage muted cheer for China growth
July 16th, 2014
Asian stocks held stubbornly steady on Wednesday after China reported economic growth that was just ahead of market expectations, enough to prompt a sigh of relief from investors, but little else. China’s economy expanded by 2.0 percent in the ...
S&P open to paying up to $1 billion to settle DOJ lawsuit
July 16th, 2014
Standard & Poor’s Ratings Services decided to settle a pending lawsuit with the U.S. Department of Justice (DOJ) and is open to paying about $1 billion to settle it, the Wall Street Journal reported citing people familiar with the ...
U.S. retail sales, manufacturing data point at firming economy
July 15th, 2014
A gauge of U.S. consumer spending rose solidly in June, in the latest sign that the economy ended the second quarter on a firmer footing. That momentum appeared to have carried into the third quarter, with other data on ...
Inflation in Britain Jumps Unexpectedly in June
July 15th, 2014
British inflation unexpectedly surged to a five-month high last month and house prices continued to accelerate, prompting financial markets to increase bets on an early Bank of England rate rise. Consumer prices rose 1.9 percent on the year in ...
