Search Results for: US economy
Markets retreated while oil rebounded
January 15th, 2015
US stock market ended the session lower for the fourth consecutive day as a weaker than expected December retail sales report released before the start of trading sparked investor concern over the pace of US economic growth. As retail ...
Swiss National Bank discontinues minimum exchange rate and lowers interest rate to –0.75%
January 15th, 2015
Target range moved further into negative territory The Swiss National Bank (SNB) is discontinuing the minimum exchange rate of CHF 1.20 per euro. At the same time, it is lowering the interest rate on sight deposit account balances that exceed a ...
India’s central bank cuts key interest rate by quarter point
January 15th, 2015
The Reserve Bank of India cut its key interest rate Thursday by a quarter percentage point in a surprise move that adds impetus to government efforts to revive Asia’s third-biggest economy. The decision to lower the rate to 7.75 ...
Yen falls against dollar, euro as Nikkei recovers
January 15th, 2015
The yen weakened against the dollar and the euro in Asian trade Thursday, as a recovery in Tokyo stocks prompted selling of the safe-haven Japanese currency. The dollar USDJPY, +0.34% was at ¥117.74 compared with ¥117.27 late Wednesday in New York and ...
Asia shares rise after commodities rebound, dollar regains ground
January 15th, 2015
Spreadbetters see higher open for European bourses RBI surprises with rate cut, Indian stocks rally Mood over risk assets still subdued after weak U.S. data Dollar gains some respite as U.S. yields inch up after plunge Asian stocks mostly ...
Reserve Bank of New Zealand – Central Bank of the Year
January 14th, 2015
The Central Bank of the Year award given to the Reserve Bank of New Zealand RBNZ Chair Comments on Central Bank of the Year Award The Central Bank of the Year award given to the Reserve Bank of New ...
Markets mixed as oil slide continues
January 14th, 2015
World markets were mixed on Tuesday as oil continued falling. US stock market started the trading session with a rally but the early gains were reversed by midday and the market ended the session slightly lower, recording triple-digit swings ...
World Bank cuts global growth forecast
January 14th, 2015
The World Bank has cut its global growth forecast, warning the US alone cannot drive an economic recovery. In its bi-annual report, the Bank predicted global growth of 3% this year and 3.3% next year, below its June forecast ...
Interview with Benoît Cœuré, ECB
January 14th, 2015
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, on 13 January 2015 How concerned are you about the election of a new parliament in Greece resulting in a re-emergence of the euro crisis? Greece is ...
Fraudsters exploit aura of authority
January 14th, 2015
Fraud cases in UK The volume of fraud cases going through British courts has climbed in the past 12 months, according to an audit firm’s latest Fraud Barometer. According to KPMG, fraudsters increasingly are hiding behind cloaks of respectability ...
