Washington: All but four of 19 major US banks got a green light on Tuesday from the Federal Reserve to boost their dividends and take other steps that will make their stocks more attractive to investors. The Fed declared them strong enough to survive a downturn worse than the Great Recession. The Fed's findings signaled its confidence that the financial system, which nearly collapsed 3 years ago, is healthy again....
08:26 AM, Mar 14, 2012
Washington: It isn't often you see the words "love", "romance", and "Federal Reserve" in the same sentence. But on Friday, the US central bank and many economists who spend countless hours monitoring its decisions began their Valentine's Day flirtations a bit early. It started with Justin Wolfers, an economist at the University of Pennsylvania, who tweeted this morning: "You're my long-run target; my nominal anchor" - with the attached hashtag,...
10:10 AM, Feb 11, 2012
New Delhi: Central banks from six developed nations had to resort to coordinated action on November 30 to ensure that the European debt crisis did not fundamentally destablise the global financial system. Europe's rolling debt crisis continues to trouble economies and markets. To prevent a lack of liquidity in the global financial system, The US Federal Reserve, the European Central Bank and the central banks of Canada, Britain, Japan and...
08:37 PM, Nov 30, 2011
New York: Protests against the US financial system and economic inequality spread across America on Thursday and found unlikely sympathy from a top official of one of the main targets of scorn - the Federal Reserve. The Occupy Wall Street movement that began in New York last month with a few people expanded to protests in more than a dozen cities. They included Tampa, Florida; Trenton and Jersey City, New...
09:32 AM, Oct 07, 2011
New York: Protests against Wall Street spread across the country on Monday as demonstrators marched on Federal Reserve banks and camped out in parks from Los Angeles to Portland, Maine, in a show of anger over the wobbly economy and what they see as corporate greed. In Manhattan, hundreds of protesters dressed as "corporate zombies" in white facepaint lurched past the New York Stock Exchange clutching fistfuls of fake money....
02:55 AM, Oct 04, 2011
Mumbai: Sensex crashed over 500 points to 16,533 as the Indian rupee slumped below 49 per dollar with global sell-off adding fuel to the fire. The 50-share NSE Nifty also tumbled 161 points to 4,972. The Indian rupee slipped to 49.08 per dollar, down 0.76 or 1.57 per cent from Wednesday's closing value, signalling huge outflow of money from India. Huge fresh shorts were seen in the market; Nifty 5000...
09:56 AM, Sep 22, 2011
Melbourne: Asian stocks pushed higher in early trade on Thursday in line with a firmer tone on Wall Street, extending a recovery from a sharp sell-off in August on hopes the US Federal Reserve will intervene in markets to support the economy. Global markets have gained strength in recent days, rebounding from several weeks of losses that saw Asian stocks post their worst month in August since May last year,...
08:53 AM, Sep 01, 2011
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), is most likely to outline gradualist measures to help the economy, which would disappoint those looking for dramatic action, such...
08:47 AM, Aug 26, 2011
Brussels: Stocks rose around the world on Tuesday as investors shrugged off signs of deteriorating economic sentiment in Europe and hoped the Federal Reserve would act to keep the US from sliding back into recession. Trading is expected to remain volatile this week as investors await a key speech by US Federal Reserve Chairman Ben Bernanke during an annual economics conference in Wyoming on Friday. The Fed already pledged to...
08:06 PM, Aug 23, 2011
Washington: The Federal Reserve on Tuesday said it will keep its hefty monetary policy stimulus for at least another two years, an effort to support a flagging economy and fragile global markets that faced considerable internal dissent. It was unclear whether the decision, which involved no new commitment of funds for bond purchases, would be enough to put a floor on a US stock market that has fallen more than...
12:03 AM, Aug 10, 2011
New York: In its latest move to jump start the sluggish recovery, the Federal Reserve announced it will pump billions into the economy. The central bank will buy $ 600 billion in long-term Treasuries over the next eight months, the Fed said on Wednesday. The Fed also announced it will reinvest an additional $ 250 billion to $ 300 billion in Treasuries with the proceeds of its earlier investments. The...
12:47 PM, Nov 04, 2010
Recession would have been a lot worse without US Fed chief: magazine. ...
06:33 PM, Dec 16, 2009
Ben can be one of the greatest of Fed chairmen in history if he succeeds. ...
11:21 AM, Aug 26, 2009
The downturn has called for drastic measures in US economy. ...
04:05 PM, May 06, 2009
Fed chief says growth would be slow, job market subdued. ...
10:35 PM, May 05, 2009
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