News Source: Asian Wall Street Journal
| about 1 month ago
This copy is for your personal, non-commercial use only. Calif. -- Large U.S. trade deficits with developing countries, though smaller than they were two years ago, remain a threat to the global economy, Federal Reserve chief Ben Bernanke said Monday...
News Source: Channel NewsAsia
| about 1 month ago
The US dollar traded lower on Monday as investors moved to increase risk exposure and saw no clue of higher US rates in a speech by Federal Reserve chairman Ben Bernanke. The euro rose to 1.4958 dollars at 2100 GMT from 1.4903 dollars late in New...
News Source: Sydney Morning Herald
| about 1 month ago
The Federal chief's remarks to a Federal conference in Santa Barbara, California, came after the government said on Friday that the US budget deficit hit a $US1.42 trillion ($A1.55 trillion) deficit for the 2009 budget year that ended September 30.
News Source: Money Morning
| about 1 month ago
Asian countries need to rely less on export-led growth and encourage their consumers to spend more, while the United States needs to trim its deficit to avoid pre-recession trade imbalances, U.S. Federal Reserve Chairman Ben Bernanke said yesterday (...
News Source: Los Angeles Times
| about 1 month ago
The United States must reduce its budget deficit and Asian nations must encourage more consumption to prevent a recurrence of the global imbalances that contributed to the financial crisis, Federal Reserve Chairman Ben Bernanke said Monday. Speaking...
News Source: United Press International
| about 1 month ago
Federal Reserve Chairman Ben Bernanke said Asian economies are ahead of the curve in the global economic recovery. "At this point, while risks to the economic outlook certainly remain, Asia appears to be leading the global recovery," Bernanke said in...