News

The US Federal Reserve said it would continue to reduce its bond buying stimulus program by $10 billion a month and will keep interest rates extraordinarily low for as long as required.

A dealer at the Korea Exchange Bank in Seoul, where the benchmark Korea Composite Stock Price Index (KOSPI) shed 37.82 points to 1,850.49

Markets plunge in fear of end to US money-printing

Global sell-off on Fed move wipes out the last of the gains made by London's benchmark FTSE 100 this year

QE hopes raised for Carney despite final defeat for Sir Mervyn

Outgoing Bank of England Governor Sir Mervyn King tasted defeat in his last bid to spur on the UK economy but successor Mark Carney may yet win support for a return to the printing presses, it emerged today.

The Business Matrix: Wednesday 19 June 2013

Sony investor ups the pressure

Investment Insider: End in sight for printing money, so what now?

Bull market may drive cyclical businesses so far ignored in recession

The smart money's on a female for the Fed

The leading contender to take charge of America's purse-strings as head of the Federal Reserve would be the first woman in the job

FTSE falls sharply from record high as global panic causes share sell-off

The FTSE 100’s surge towards all-time highs was brought to a spectacular halt today as panicking investors dumped shares in a global sell-off.

US could slow pace of bond buying as early as next month

Ben Bernanke struck a dovish tone yesterday as he told the US Congress that the Federal Reserve's extraordinary stimulus measures were "providing significant benefits" to the economy, although he said the central bank could "in the next few meetings" begin scaling back its programme of buying $85bn (£57bn) in bonds every month if labour market data showed signs of sustained improvement.

Pressure intensifies on Bloomberg after new 'snooping' scandal twist

Bloomberg apologised after the financial news agency let its reporters access clients' information

Weak US economy prompts Fed to stick with stimulus plan

Signs that the US economy remains weak, along with evidence that the budgetary impasse in Washington is restraining growth, have convinced policymakers who gathered for the latest meeting of the US Federal Reserve to stick with the extraordinary stimulus measures put in place to support the recovery.

India play: Unilever ups its bet on Hindustan subsidiary

Consumer goods giant Unilever today made a €4.1 billion (£3.4 billion) long-term bet on soaring growth in India, as it unveiled plans to raise its stake in its Indian subsidiary.

Jim Armitage: No end to the pain in sight for US
after cuts scare away the shoppers

With tax rises and spending cuts wired into Obama’s policy choices, he has little room to do much

Fed to keep pumping cash into US economy

Investors were reassured after America's central bank signalled yesterday that it would continue to support the world's largest economy by buying billions of dollars worth of bonds every month.

Unease grows among US policymakers over bonds strategy

America's central bankers remained divided last month over how long they should continue with their policy of supporting the economy with billions of dollars in monthly bond purchases, with "many officials" growing nervous about the dangers of further expanding the Federal Reserve's balance sheet.

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