Latest World Markets News
RSS-
Wall Streets Taper Dance
Taper, taper, taper! You know you're doing it. It's the newest dance craze among the Fed-obsessed on Wall Street who hang on to every single word uttered by the Chairman. Gyrating wildly not knowing if the central bank would relax its quantitative easing or not, traders have been doing the taper twist and turn for what feels like weeks.Wednesday - finally - The ...
-
How the Dow Jones industrial average and other major indexes fared Wednesday
Stocks fell sharply Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank could slow its massive bond purchases this year and end them by mid-2014 if the economy improves enough. High-dividend stocks like telecommunications and utilities fell the most. Markets have been making big swings in recent weeks as traders try to anticipate when the Fed will ease back on the ...
-
Australian dollar falls to two-year low as US Federal Reserve winds back stimulus
Australia The Australian dollar has fallen to its lowest level for almost two years, dipping below 93 US cents this morning after the US Federal Reserve said it could begin scaling back stimulus measures.The dive came as investors flocked to the safe haven of the US dollar amid fears the withdrawal of stimulus will affect the global economy.The Australian dollar was worth 94.2 US cents last ...
More World Markets News
RSS-
Federal Reserve Hints At Slowing Bond Purchases
The US Federal Reserve has signalled it is moving closer to slowing its bond-buying programme, which is intended to keep long-term interest rates at record lows. The Fed offered a more optimistic outlook for the US economy and job market, but said it will maintain the pace of its bond purchases for now. Chairman Ben Bernanke said the Federal Reserve could scale back its $85b (£54b) ...
-
Cyprus inks deal with Noble Energy on LNG plant
-0.26% and Israeli companies Delek Drilling LP and Avner Oil Exploration LLP to build a liquefied natural gas terminal on the island, according to media reports. Cyprus did not disclose details of the deal. The bailed-out country has hopes its natural-gas riches will lift the economy. Noble, Delek and Avner are also partners in Israel, which Wednesday decided to allow 40% of its natural gas to ...
-
Facebook stock jumps in three seconds Nanex
+0.41% stock jumped almost a dollar a share in three seconds Wednesday afternoon, according to Eric Hunsader, CEO of Nanex, a provider of real-time data to traders. In the three seconds starting at 3:33:54 p.m., the social networking company's stock increased from $24.40 a share to $25.19 a share, before quickly dropping back down to $24.40 a share. There were 2 million shares traded in ...
-
Fitch Takes Various Actions on SLM Student Loan Trust 2002-7 Bonds
Money Market Funds Explore Callable Commercial Paper in Value Search Money market funds (MMFs) are slowly increasing exposure to a relatively new short-term instrument - callable commercial paper (CP), according to Fitch Ratings. MMFs are exploring callable CP as a way to add additional yield and diversification to portfolios, as well as in response to banks' reduced appetite for providing ...
-
Fitch Updates Rating Criteria for Solid Waste Revenue Bonds
Money Market Funds Explore Callable Commercial Paper in Value Search Money market funds (MMFs) are slowly increasing exposure to a relatively new short-term instrument - callable commercial paper (CP), according to Fitch Ratings. MMFs are exploring callable CP as a way to add additional yield and diversification to portfolios, as well as in response to banks' reduced appetite for providing ...
-
Fed to keep buying bonds
The Federal Reserve has confirmed that it is to keep buying bonds to stimulate the US economy and gave no explicit indication that it is close to scaling back that programme. At the end of their two-day meeting on Wednesday, Chairman Ben Bernanke and the other central bank policymakers said they will continue to pump 85 billion dollars into the economy each month. But Bernanke said it could ...
-
Bernanke sends stocks bonds skittering
Federal Reserve Chairman Ben Bernanke is on a television screen as specialist James Naughton works at his post on the floor of the New York Stock Exchange Wednesday, June 19, ...
-
TREASURIES-U.S. yields jump as Bernanke signals less bond buying
* Fed's Bernanke says less bond buying if economic forecasts correct * Benchmark 10-year yield rises to 15-month high * Broad market selloff also hammers TIPS, MBS By Richard Leong NEW YORK, June 19 (Reuters) - Benchmark U.S. Treasury yields surged to their highest levels in 15 months on Wednesday as Federal Reserve Chairman Ben Bernanke suggested the U.S. central bank was prepared to reduce ...
-
GLOBAL MARKETS-Stocks bond prices drop as Fed points to reduced bond buying
Wed Jun 19, 2013 5:16pm EDT * Bernanke suggests timetable for reduced bond purchases * U.S. stocks fall more than 1 percent * Treasury bond prices drop, 10-yr yield at 15-month high By Leah Schnurr NEW YORK, June 19 (Reuters) - Stocks tumbled and benchmark Treasury bond yields rose to levels not seen since March 2012 on Wednesday after Ben Bernanke laid out a blueprint for the wind-down of the ...
-
Federal Reserve To Continue Bond-Buying Program
Federal Reserve policymakers say the economy is doing slightly better than it was last fall, but the Fed's $85 billion per month stimulus program will continue for the time being. Speaking at news conference in Washington, D.C., Chairman Ben Bernanke indicated the Fed might begin tapering the stimulus program later this year. The Fed repeated earlier statements that it would hold short-term ...
-
European markets mixed ahead of Federal Reserve policy announcement
European stock markets fluctuated on Wednesday moving cautiously higher, as investors remained wary ahead of the U.S. Federal Reserve’s decision, on fears it could signal a potential slowdown in the bank’s 85 billion monthly bond buying ...
-
Asian stocks advance ahead of this week`s Federal Reserve meeting
Asian stocks advanced with the start of the week, ahead of the U.S. Federal Reserve two-day meeting that covenes on Tuesday. Market participants will focus on this meeting as it might show the direction of the central bank stimulus ...
-
Fed holds the line on US interest rates but may cut back on bonds
Enlarge US Federal Reserve Chairman Ben Bernanke told reporters on Wednesday that the agency may start to ease up on monthly bond purchases if the economy keeps getting better (it's getting better?). Yes, albeit slowly, according to Bernanke, who expressed cautious optimism on the state of the economy as he briefed reporters following a two-day meeting of the Federal Open Market ...
-
Federal Reserve suggests its closer to slowing bond purchases
Federal Reserve sketched a brighter economic outlook on Wednesday and signaled it's moving closer to slowing its bond-buying program, which is intended to keep ...
-
U.K. to begin sale of bailed-out banks
The U.K. government is actively preparing to start unwinding its ownership of two of the country's biggest banks, which it bailed out during the financial ...
-
Wall Street falls sharply on Bernanke comments
U.S. stocks fell 1% in a volatile session on Wednesday, with losses accelerating after Federal Reserve Chairman Ben Bernanke said a reduction in the rate of stimulus could occur this year if the economy continues to improve. Shortly before Bernanke spoke at a news conference, stocks fell modestly after Fed policymakers said in a statement the Fed would keep buying $85 billion in bonds per month ...
-
Microsoft Nokia had device acquisition talks WSJ
-0.26% that nearly led to the software giant acquiring the Finnish telecom company's mobile device business, according to a report in the Wall Street Journal. The Journal said that the two companies made "significant progress" toward a deal, but talks broke down due to a final price and Nokia's market position, as it trails behind Apple ...
-
Home builder losses steepen during Fed presser
WASHINGTON (MarketWatch) -- Exchange-traded funds of home-builder-related stocks steepened Wednesday as Federal Reserve Chairman Ben Bernanke spoke at a press conference. Down about 0.7% ahead of the decision, the iShares Dow Jones U.S. Home Construction Index ...
-
Recent mortgage-rate gain not dramatic Bernanke
WASHINGTON (MarketWatch) -- While mortgage rates have been increasing for weeks, recent changes are "not all that dramatic," Federal Reserve Chairman Ben Bernanke said at a Wednesday press conference following the central bank's decision to leave policy unchanged. "In terms of monthly payments on an average house, the change in mortgage rates we've seen so far is not all ...
-
Fitch Affirms Orlando Utilities Commission Series 2011A Bonds at F1+
Money Market Funds Explore Callable Commercial Paper in Value Search Money market funds (MMFs) are slowly increasing exposure to a relatively new short-term instrument - callable commercial paper (CP), according to Fitch Ratings. MMFs are exploring callable CP as a way to add additional yield and diversification to portfolios, as well as in response to banks' reduced appetite for providing ...
-
Fitch Rates Galena Park ISD Texas ULT Rfdg Bonds AAA PSFAA+ Underlying Outlook Stable
Money Market Funds Explore Callable Commercial Paper in Value Search Money market funds (MMFs) are slowly increasing exposure to a relatively new short-term instrument - callable commercial paper (CP), according to Fitch Ratings. MMFs are exploring callable CP as a way to add additional yield and diversification to portfolios, as well as in response to banks' reduced appetite for providing ...
-
Bernanke says Fed aiming for reduced purchases
Ben Bernanke said Wednesday the central bank could begin to slow down its asset purchasing program by the end of 2013. The U.S. Federal Reserve said Wednesday it would maintain its $85 billion per month asset purchases for now. But in a press conference, Bernanke said the bank could slow down the $85 billion per month program before the end of the year, The Wall Street Journal reported. The ...
Kyrgyzstan Featured
-
Kyrgyzstan must stick to long-term development plans
While news of the political unrest and government change in early 2010 dominates the world headlines, Kyrgyzstan faces an uncertain future as long-term plans for infrastructure development are thrown into disarray and uncertainty.
Kyrgyzstan is one of the poorest countries in Central Asia and stands to benefit greatly from long-term development plans initiated under the auspices of the Central Asian Regional Economic Cooperation (CAREC) Program, if the interim government can move on from the current political crisis and stabilize the country’s economy and political future. Read more
News from around our Network
