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CANADA STOCKS-TSX ends higher on U.S. data, Fed hopes
ReutersTORONTO, June 18 (Reuters) - Canada's main stock index rose to a one-week high on Tuesday as positive economic data and hopes that the U.S. Federal Reserve will stick to its supportive monetary policy spurred gains in almost every major sector. The...Tags: Canada, Toronto Stock Exchange, Toronto (Canada), Stock Market, Federal Reserve
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Wall St. extends rise, investors see no change in Fed policy
ReutersNEW YORK (Reuters) - Stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements which were interpreted to mean a sooner-than-expected winding down of stimulus efforts. Strong market breadth showed an...Tags: NYSE Euronext, Inc., General Electric Company, Ben Bernanke, Prices, JPMorgan Chase & Co.
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Obama suggests he won't renominate Ben Bernanke as Fed chair
President Obama suggested he might not renominate Ben S. Bernanke for a third term as chairman of the Federal Reserve, saying the central bank chief has already stayed in the job longer than originally planned. In a PBS interview that aired late Monday,...
Tags: Elections, Ben Bernanke, Republican Party, Janet L. Yellen, Politics
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CANADA FX DEBT-C$ softens as investors focus on the Fed
Reuters* C$ at C$1.0210 vs US$, or 97.94 U.S. cents * Markets hope for Fed monetary policy clarity * U.S. house starts up less than expected; U.S. CPI climbs * Bond prices mixed By Solarina Ho TORONTO, June 18 (Reuters) - The Canadian dollar retreated against a...Tags: Ben Bernanke, Politics, Central Bank, Government, Executive Branch
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Student loan debt nearly doubles in last five years, report says
Student loan debt has nearly doubled in the last five years, posing a potential risk to the economy, according to a new report from Congress. The information, released Tuesday by the Joint Economic Committee, found that student loans increased from $550...
Tags: Loans, Finance, Amy Klobuchar, Economy, Business and Finance, Education
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Brazil ready to face more volatility from abroad: Tombini
ReutersBRASILIA (Reuters) - Monetary policy will help mitigate the impact a weaker local currency could have on inflation in Brazil, central bank chief Alexandre Tombini said on Tuesday. Tombini spoke after Brazil's currency, the real, touched its weakest level...Tags: Finance, Brazil, Economy, Business and Finance, Thomson Corporation, Marketing
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UK's Osborne to unveil future of state-controlled banks
Reuters* UK's Osborne to detail plans for Lloyds and RBS * Bank of England's King to give final speech as governor * Mansion House speech follows parliament bank criticism By David Milliken and Matt Scuffham LONDON, June 19 (Reuters) - The fate of Britain'...Tags: England, Politics, National Government, Career and Workplace, Government
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FOREX-Euro in demand as Fed faces crunch time
Reuters* USD shade firmer on yen, but near four-month lows on euro * Euro and Swissy in demand vs emerging market currencies and A$ * Tensions running high before Fed statement, Bernanke conference * Investors aching for clarity over Fed's next step, might...Tags: Finance, Ben Bernanke, Economy, Business and Finance, Asia, Foreign Exchange Market
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PRECIOUS-Gold inches up after two-day fall, Fed eyed
ReutersSINGAPORE, June 19 (Reuters) - Gold edged up on Wednesday after a two-day drop, but investors remained cautious as they looked to the end of a Federal Reserve policy meeting for clues on the outlook for U.S. economic stimulus. FUNDAMENTALS * Spot gold...Tags: Metal and Mineral, Casino and Gambling Industry, Metal, Inflation and Deflation, Federal Reserve
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Era of falling interest rates appears to be over
For all the mixed messages from the Fed and the uncertainty that has roiled financial markets recently, one thing looks very clear: The era of declining interest rates is over. After three decades in which borrowing costs for Americans have pretty...
Tags: Mortgages, Ben Bernanke, JPMorgan Chase & Co., Credit Ratings, Jamie Dimon
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Indonesian parliament could pave way Monday for fuel price hikes
ReutersJAKARTA (Reuters) - Indonesia's parliament debated measures on Monday to open the way for a jump in fuel prices after months of delay that have undermined confidence in the government and the ability of Southeast Asia's biggest economy to continue rapid...Tags: Elections, Standard & Poor's Financial Services LLC, Politics, Jakarta (Indonesia), National Government
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Banks lead European shares higher in choppy session
Reuters* FTSEurofirst 300 up 0.1 pct at 1,185.46 * HSBC and StanChart leads banks higher on Citi note * Danske falls on capital concerns * M&A chatter lifts Moeller, Kabel, TNT, By David Brett LONDON, June 18 (Reuters) - Banks led gains in European shares...Tags: Citigroup Incorporated, Vodafone Group Plc, HSBC Holdings plc, Weaponry, Unrest, Conflicts and War
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Jun 17, 2013
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