Insight - Fed market gurus prep rate hike amid last-minute anxieties
Mar 27, 2015 at 00:45 | Source:
NEW YORK (Reuters) - The New York Federal Reserve officials tasked with prying interest rates off the floor have been meeting with bankers and traders to plot how best to do it, amid deep uncertainty over how much control they will really have over s...
ECB's Draghi says money printing already helping recovery
Mar 27, 2015 at 00:30 | Source:
ROME (Reuters) - Bond-buying by the European Central Bank will reinforce the euro zone's economic recovery, its president, Mario Draghi, said on Thursday, adding that there was already evidence that the scheme was taking effect."Monetary policy ...
Wall Street down after air strikes on Yemen, but off lows
Mar 26, 2015 at 23:45 | Source:
NEW YORK (Reuters) - U.S. stocks declined on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, but were off session lows as the S&P 500 attempted to hold a key technical level. Oil prices climbed, with Brent crude up 2.5 p...
Quite certain there will be more rate cuts in future, says Jaitley
Mar 25, 2015 at 21:22 | Source:
New Delhi: Days ahead of RBI's annual monetary policy, Finance Minister Arun Jaitley today said India needs lower interest rates for high growth and certainly there will be more rate cuts in future triggering reduction in cost of borrowings."I a...
Ruth Porat to join Google as Chief Financial Officer
Mar 25, 2015 at 10:42 | Source:
After Google CFO Patrick Pichette announced his intent to retire via a Google+ post, the company has announced that Ruth Porat, currently Chief Financial Officer at Morgan Stanley, will join its management team as CFO.Ruth joined Morgan Stanley in 19...
Greece risks running out of cash by April 20, scrambles on reforms
Mar 25, 2015 at 02:30 | Source:
ATHENS/BERLIN (Reuters) - Greece risks running out of cash by April 20 unless it secures fresh aid, a source familiar with the matter told Reuters on Tuesday, leaving it little time to convince sceptical creditors it is committed to economic reform.A...
Strong euro zone business growth pushes euro to $1.10
Mar 24, 2015 at 23:30 | Source:
LONDON (Reuters) - The euro rose and European shares steadied on Tuesday, responding to signs the euro zone economy is gaining momentum, while a slowdown in factory activity in China kept oil and commodities-linked assets under pressure.U.S. stock in...
Pro-investment India to grow faster than China at 7.8% next fiscal: ADB
Mar 24, 2015 at 10:14 | Source:
New Delhi: The Asian Development Bank (ADB) on Tuesday projected India's growth rate to surpass China and improve to 7.8 percent in next fiscal and further to 8.2 percent in 2016-17.India's growth and investor confidence will improve on the back of g...
Asian shares fuelled by Wall St's rise on weaker dollar
Mar 24, 2015 at 04:15 | Source:
TOKYO (Reuters) - Asian shares started the week on a strong note on Monday after a weaker U.S. dollar helped fuel gains on Wall Street. The greenback remained under pressure in Asian trading, with the dollar index edging down about 0.1 percent to 97....
Greece worries leave Europe subdued, Asia makes gains
Mar 24, 2015 at 01:45 | Source:
LONDON (Reuters) - Caution about Greece ahead of a meeting between its prime minister and Germany's Angela Merkel prompted a nervy start to the week for European markets on Monday.Shares and currencies in Asia, in contrast, had rallied on easy moneta...
Fed expected to hike this year, but future path uncertain - Fischer
Mar 24, 2015 at 00:15 | Source:
NEW YORK (Reuters) - The Federal Reserve is "widely expected" to begin raising interest rates this year though the path remains uncertain, with policymakers deciding subsequent policy moves on a meeting-by-meeting basis, a top Fed official ...
U.S. stocks up as dollar adds to losses; oil gains
Mar 23, 2015 at 23:30 | Source:
NEW YORK (Reuters) - U.S. stocks edged higher on Monday following strong gains in major indexes the previous week, as investors assessed gyrations in the dollar and crude prices and their impact on equities.Energy stocks were among the largest gainer...