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.

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

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.

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.

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.

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.

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.

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.

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.

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

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

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.

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.

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