Ben Bernanke

  • Six events that will matter in 2014 20-01-2014 11:56 AM

    1. Sky City, the world's tallest skyscraper, to open in Changsha, China Burj Khalifa, the tallest skyscraper in the world, officially opened on January 4, 2010. It's both an architectural marvel and a reminder of hubris-for it coincided with Dubai's financial troubles. Its record will be broken by China's Sky...
  • Obama to nominate Janet Yellen for top Fed job, markets relieved 09-10-2013 12:03 PM

    US President Barack Obama will nominate Fed number two Janet Yellen on Wednesday to run the world's most influential central bank, providing some relief to markets that would expect her to tread carefully in winding down economic stimulus. The nomination will put Yellen on course to be the first woman...
  • US Fed surprises, sticks to stimulus as it cuts growth outlook 19-09-2013 02:33 PM

    The US Federal Reserve defied investor expectations on Wednesday by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth. Investors responded by propelling USstocksto record highs and driving down bond yields. Yields on US Treasury...
  • US Federal Reserve surprises, sticks to bond-buying stimulus as it cuts growth outlook 19-09-2013 08:10 AM

    The US Federal Reserve defied investor expectations on Wednesday by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth. Investors responded by propelling US stocks to record highs and driving down bond yields. Yields on...
  • Ben Bernanke tells Congress Fed flexible on bond buying 18-07-2013 10:20 AM

    Washington: Federal Reserve Chairman Ben Bernanke said on Wednesday the US central bank still expects to start scaling back its massive bond purchase program later this year, but he left open the option of changing that plan if the economic outlook shifted. While sticking closely to a timeline to wind...
  • Sensex ends 180 points up; reclaims 20,000 mark 18-07-2013 09:40 AM

    Mumbai: Boosted by fag-end buying spurt, the benchmark S&P BSE Sensex today reclaimed the 20,000-mark with a 180-point boost on hopes of continued earnings momentum amid assurances by US Fed about maintaining its stimulus programme. Bluechips including HDFC Bank, ONGC, Infosys, L&T, Bharti Airtel, HDFC, ICICI Bank and SBI together...
  • Wall Street jumps; Dow, S&P 500 close at record highs 12-07-2013 08:50 AM

    New York: The S&P 500 index and the Dow industrials closed on Thursday at record highs, a day after Federal Reserve Chairman Ben Bernanke said the US central bank will keep a loose monetary policy for some time to lower the unemployment rate. Bernanke said after the market's close on...
  • Rupee opens strong at 59.32/dollar on Bernanke's comments 11-07-2013 09:49 AM

    Mumbai: Rupee appreciated further in early trade on Thursday, opening with 34 paise gains at 59.32 per dollar as against previous day's closing value of 59.66. The domestic currency has been gaining for the third consecutive day today after hitting a record low of 61.21 per dollar Monday. The euro...
  • Sensex zooms to 6-week high; rises on Fed comments, strong rupee 11-07-2013 09:45 AM

    Mumbai: Tracking strong global cues, the BSE benchmark Sensex on Thursday shot up by a whopping 382 points to close at near six-week highs led by a rally in bluechips, buoyed by US Federal Reserve Chief Ben Bernanke's comments on continuing monetary stimulus. The 30-share index started the day on...
  • Asian markets down ahead of Bernanke speech 26-08-2011 08:47 AM

    Tokyo: Japan's Nikkei stock average was flat on Friday as investors cautiously awaited a speech from Federal Reserve Chairman Ben Bernanke for clues on what steps the US central bank will take to support the economy. Bernanke, scheduled to speak on Friday at 10 am New York time (1400 GMT),...
  • Oil prices fall by $10, biggest dip in 17 years 16-07-2008 09:03 AM

    Mumbai: Sachin Tendulkar, who was on Tuesday conferred the Order of Australia, said the first trip Down Under way back in 1991-92 changed him as a cricketer and pointed out that the Aussies had a role in his transformation into a "tougher" player. "It [the 1991-92 tour of Australia] completely...
  • Fed Reserve Chairman gives weak economic forecast 03-04-2008 10:08 PM

    Durban: Sri Lanka pounced on South Africa's dismal recent record at Kingsmead to bowl the home team out for 168 in the second Test on Tuesday and move into a commanding 177-run first-innings lead at stumps on the second day. Left-arm seamer Chanaka Welegedara took 5-52 to rip through South...