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Central Bankers Race to Protect Growth in 72 Hours of Crisis
Aug. 11 (Bloomberg) -- Central bankers are racing to shield their economies from fiscal tightening and lopsided currency swings that threaten a new global recession. In the 72 hours after a Group of…
Fed Said to Follow Basel Capital Rules for Biggest U.S. Banks
Aug. 10 (Bloomberg) -- Federal Reserve officials are drafting rules for the biggest U.S. banks that won’t be more stringent than international capital standards agreed to in Basel, Switzerland,…
France Seeks New Deficit Battle Plan
PARIS—The French government pledged Wednesday to consider fresh tax rises, spending cuts and other budget measures to ensure the country doesn't deviate from a challenging deficit-reduction…
Six Republicans named to deficit super panel
(Reuters) - Republicans named their six members to a congressional deficit-reduction super committee on Wednesday, setting the stage for an attempt to create bipartisan agreement on taxes and…
Dollar Advances as Fed Fails to Counter Global Growth Concerns
Aug. 10 (Bloomberg) -- The yen gained, approaching a post- World War II high versus the dollar, as the Federal Reserve’s pledge to keep interest rates at a record until mid-2013 failed to convince…
White House Said to Set Goal Easing Housing-Price Pressure
Aug. 10 (Bloomberg) -- The Obama administration is seeking ideas from investors on how to convert thousands of foreclosed properties owned by government-backed entities into rental homes,…
The last week has…On t’Mark – tin hats, Band-Aids, US psyche hurt, ECB’s peashooter, UK riots
On t’Mark – tin hats, Band-Aids, US psyche hurt, ECB’s peashooter, UK riots OK, tin hats on; Dora Band-Aids at the ready? What do you mean we’re out of them? Oh, the ECB used the last one last…