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.

Fed chief: US recovery is 'close to faltering'

The US Federal Reserve is ready to take further steps to support the American economy as the recovery is "close to faltering", its chairman Ben Bernanke said yesterday.

Markets bounce on hopes for US

Europe's stock markets bounced higher yesterday as investors were encouraged by the views expressed on Friday by Ben Bernanke, the chairman of the US Federal Reserve.

Trichet urges EU nations to work together

The president of the European Central Bank, Jean-Claude Trichet, used one of the last major speeches of his tenure as a rejoinder to American traders and economists predicting the break-up of the eurozone.

Stephen King: The magicians of monetarism have very few tricks left up their sleeves

Developed economies are ending up with economic permafrost, where attempts to kick-start growth bump into economic reality

Federal Reserve chairman disappoints on QE

Wall Street is this weekend digesting the implications of Federal Reserve's chairman Ben Bernanke's speech to central bankers at Jackson Hole, Wyoming.

Stephen Foley: The Fed doesn't have a patent on stimulus

US Outlook: Ben Bernanke's speech in Jackson Hole could be summed up this way: It's not all about me, you know.

Market Reports: 27/08/2011

New York

Wall Street posted its first weekly gain in more than a month as the Fed chairman, Ben Bernanke, left the door open for more stimulus measures. The Dow Jones ended up 134.72 points, or 1.21 per cent, at 11,284.54. The S&P 500 rose 17.53 points, or 1.51 per cent, to 1,176.80. The Nasdaq was up 60.22 points, or 2.49 per cent, at 2,479.85. For the week, the Dow rose 4.3 per cent and the S&P gained 4.7 per cent.

Market Report: All-weather appeal helps Burberry to shoot up

Burberry was strutting its stuff near the top of the blue-chip index last night after the luxury fashion brand was praised as the stock to buy whatever the economic weather.

Bernanke only hints at moves to boost the US economy

Ben Bernanke, the chairman of the Federal Reserve, said yesterday that the US central bank was prepared to take further action to support the economy but left markets guessing about specific measures.

World stocks slip as Bernanke offers no new aid to boost US economy

European and US stocks fell after Federal Reserve Chairman Ben Bernanke indicated the central bank would take no new steps to boost the US economy and ward off another recession.

Anxious markets seek boost from Bernanke at Jackson Hole

The US Federal Reserve chairman, Ben Bernanke, risks disappointing financial markets if a major policy speech today does not contain hints of additional monetary easing by the US central bank.

Sean O'Grady: Central bankers may use Jackson Hole to look beyond fiscal and monetary stimuli

Economic Life: Quantitative easing, let there be no doubt, is inflationary in intent because the fear is still of the world relapsing into deflation and depression

Crédit Agricole hit by €202m loss but is banking on recovery

France's third-largest bank by market value said income was down to €339m in the second quarter

Goods orders rise fails to curb recession fears

Orders for durable goods, long-lasting products like factory equipment and computers, rose in the US last month by more than economists had expected, data showed yesterday.

Career Services

Day In a Page

Independent Travel
Vietnam & Cambodia
Pompeii, Capri & the Bay of Naples
Bruges
India & Nepal
Japan
Berlin, Dresden, Meissen & Colditz
Prices correct as of 17 October 2014
Wilko Johnson, now the bad news: musician splits with manager after police investigate assault claims

Wilko Johnson, now the bad news

Former Dr Feelgood splits with manager after police investigate assault claims
Mark Udall: The Democrat Senator with a fight on his hands ahead of the US midterm elections

Mark Udall: The Democrat Senator with a fight on his hands

The Senator for Colorado is for gay rights, for abortion rights – and in the Republicans’ sights as they threaten to take control of the Senate next month
New discoveries show more contact between far-flung prehistoric humans than had been thought

New discoveries show more contact between far-flung prehistoric humans than had been thought

Evidence found of contact between Easter Islanders and South America
Cerys Matthews reveals how her uncle taped 150 interviews for a biography of Dylan Thomas

Cerys Matthews on Dylan Thomas

The singer reveals how her uncle taped 150 interviews for a biography of the famous Welsh poet
DIY is not fun and we've finally realised this as a nation

Homebase closures: 'DIY is not fun'

Homebase has announced the closure of one in four of its stores. Nick Harding, who never did know his awl from his elbow, is glad to see the back of DIY
The Battle of the Five Armies: Air New Zealand releases new Hobbit-inspired in-flight video

Air New Zealand's wizard in-flight video

The airline has released a new Hobbit-inspired clip dubbed "The most epic safety video ever made"
Pumpkin spice is the flavour of the month - but can you stomach the sweetness?

Pumpkin spice is the flavour of the month

The combination of cinnamon, clove, nutmeg (and no actual pumpkin), now flavours everything from lattes to cream cheese in the US
11 best sonic skincare brushes

11 best sonic skincare brushes

Forget the flannel - take skincare to the next level by using your favourite cleanser with a sonic facial brush
Paul Scholes column: I'm not worried about Manchester United's defence - Chelsea test can be the making of Phil Jones and Marcos Rojo

Paul Scholes column

I'm not worried about Manchester United's defence - Chelsea test can be the making of Jones and Rojo
Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

While other sports are stalked by corruption, we are an easy target for the critics
Jamie Roberts exclusive interview: 'I'm a man of my word – I'll stay in Paris'

Jamie Roberts: 'I'm a man of my word – I'll stay in Paris'

Wales centre says he’s not coming home but is looking to establish himself at Racing Métro
How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?

A crime that reveals London's dark heart

How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?
Meet 'Porridge' and 'Vampire': Chinese state TV is offering advice for citizens picking a Western moniker

Lost in translation: Western monikers

Chinese state TV is offering advice for citizens picking a Western moniker. Simon Usborne, who met a 'Porridge' and a 'Vampire' while in China, can see the problem
Handy hacks that make life easier: New book reveals how to rid your inbox of spam, protect your passwords and amplify your iPhone

Handy hacks that make life easier

New book reveals how to rid your email inbox of spam, protect your passwords and amplify your iPhone with a loo-roll
KidZania lets children try their hands at being a firefighter, doctor or factory worker for the day

KidZania: It's a small world

The new 'educational entertainment experience' in London's Shepherd's Bush will allow children to try out the jobs that are usually undertaken by adults, including firefighter, doctor or factory worker