November 20, 2013 |
WASHINGTON - Federal Reserve policymakers, expecting to pull back on their bond-buying stimulus "in coming months," are considering keeping short-term interest rates quite low for quite a while, among other options to try to support what they see as a moderately improving economy. Financial markets have been intensely anticipating signs for when the Fed might start reducing its $85-billion-a-month purchase of Treasury and mortgage securities, a program aimed at holding down long-term interest rates.
November 13, 2013 |
BEIJING -- Financial markets, economists and even one amateur limerick writer gave the thumbs down to the new Chinese Communist Party leadership's long-awaited platform on economic reform. Although a communiqué issued Tuesday night at the close of the four-day party plenum hailed the “decisive” role played by markets, the financial markets didn't return the compliment. From Hong Kong to Shanghai to Seoul, Asia benchmark indexes slumped on disappointment that the plenum had failed to live up to its advance billing of ushering in market-oriented reforms.
October 30, 2013 |
WASHINGTON -- The Federal Reserve maintained its massive bond-buying stimulus program at the current level, citing still-high unemployment, a slowdown in the housing market and an economy held back by fiscal policies. At the end of a two-day meeting Wednesday, the Fed said in a release that it would keep buying $85 billion of Treasury bonds and mortgage securities a month, in a bid to suppress long-term interest rates and spur economic and job...
October 16, 2013 |
NEW YORK -- Stocks rallied and bond yields eased as Washington edged closer to defusing its latest fiscal crisis and averting a default on U.S. debt. Major U.S. stock indexes gained 1% as Congress appeared poised to pass a Senate-led compromise that would raise the United States' borrowing authority and reopen the federal government. The Dow Jones industrial average surged 205.82 points, or 1.4%, to close at 15,373.83. The broader Standard & Poor's 500 index gained 23.48 points, or 1.4%, to 1,721.54.
October 15, 2013 |
SAN FRANCISCO - Twitter Inc. is moving full speed ahead with its initial public offering even as the world braces for the possibility of a U.S. debt default that would roil financial markets and hurt the stock's debut. The micro-blogging service said Tuesday that it would list its shares on the New York Stock Exchange, handing a major victory to the Big Board over its rival, the Nasdaq Stock Market. Also, Twitter could kick off its road show to market the IPO to investors in the last week of October, according to a person with knowledge of the matter who spoke on the condition of anonymity because he is not authorized to discuss it publicly.
October 14, 2013 |
WASHINGTON - Five years after the U.S. financial crisis helped cause a deep global recession, foreign leaders are worried that history is going to repeat itself. The fiscal impasse that has partially shut the federal government now threatens to trigger a U.S. default that would roil financial markets worldwide, leading an agitated China to suggest replacing the dollar as the international reserve currency. "As U.S. politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanized world," China's official state-run news agency, Xinhua, said in an English-language commentary Sunday.