Search Results for: federal Reserve
IMF warns that an economic crisis in China could cause global recession again
April 5th, 2016
An economic crisis in China could result in a world-wide recession, warned the International Monetary Fund (IMF). This was because China’s financial links with the rest of the global economy was set to increase, the organisation said ahead of ...
Robert Kiyosaki And Harry Dent Warn That Financial Armageddon Is Imminent
March 31st, 2016
Financial experts Robert Kiyosaki and Harry Dent are both warning that the next major economic crash is in our very near future. Dent is projecting that the Dow will fall to “5,500 to 6,000 by late 2017″, and Kiyosaki ...
FED survey provides information on mobile financial services
March 31st, 2016
Mobile banking use continued to rise last year as smartphone adoption grew and consumers were increasingly drawn to the convenience of mobile financial services, according to a Federal Reserve Board report,Consumers and Mobile Financial Services 2016, released on Wednesday. The ...
Asia markets mixed; Nikkei up 0.4%, Kospi down 0.5%
March 31st, 2016
Asia markets traded mixed on Thursday, with some markets partially retracing their advances following Federal Reserve chair Janet Yellen’s cautious stance on the path of tightening earlier this week. Japan’s Nikkei 225 wavered between gains and losses before trading up 0.41 percent, while ...
Oil prices fall 3 percent as investors focus again on glut
March 30th, 2016
Oil prices fell about 3 percent on Tuesday, reflecting growing concern that a two-month rally was fading as demand fails to keep up with swelling global supply, including new output from Kuwait and Saudi Arabia. Prices bounced, but only ...
Most Asian markets up in wake of dovish Yellen remarks, but Nikkei lags
March 30th, 2016
Most Asian markets advanced after remarks from Federal Reserve chair Janet Yellen assuaged concerns about a near-term interest rate hike, but Japan’s shares retreated as the yen strengthened. “Janet Yellen doubled down on dovishness, in a speech full of risks to ...
YELLEN: The Fed is in no rush to raise rates
March 30th, 2016
Federal Reserve Chair Janet Yellen reiterated on Tuesday that interest rates would rise slowly. Yellen was speaking at the Economic Club of New York. In her prepared remarkspublished before the speech Tuesday, Yellen said raising rates with caution was “especially ...
Asian shares slump as Yellen speech awaited
March 29th, 2016
Asian shares struggled to find their footing on Tuesday and the dollar clawed back ground lost after downbeat U.S. economic data contributed to an uninspiring session on Wall Street. European equities were expected to open around 0.5 percent higher ...
Investors are still betting big on gold. What do they know that you don’t?
March 28th, 2016
The stock market may be back on track, but nervous investors are still showering gold with tons of love. An impressive $13.4 billion was poured into gold assets over the past 11 weeks, according to Bank of America Merrill ...
Oil to rebound to around $50 by year end – Saxo Bank
March 28th, 2016
Several factors are helping oil prices gain ground The past two months of oil price volatility have taken its toll on the financial markets, with the main culprits for this dramatic price fall being excess production, concerns about a ...
