News Source: The Economic Times
| 19 days ago
The US central bank has retained near-zero rate regime to boost the country's fragile recovery and said cheap credit would continue for an "extended period". After a two-day policy meeting, the Federal Reserve yesterday decided to retain the...
News Source: The Economic Times
| 19 days ago
The Nikkei will shorten the calculation interval for its benchmark Nikkei 225 stock average to 15 seconds from 1 minute starting on January 4, the publisher of the average said on its website. The change will coincide with the launch date of the...
News Source: Australian Broadcasting Corporation
| 19 days ago
Speaking at an economic conference in Melbourne, Glenn Stevens said inflation would be more of an issue for the RBA during the current economic recovery than it had been after previous slowdowns. "We start this upswing with less spare capacity than...
News Source: Sydney Morning Herald
| 19 days ago
However, policymakers now need to lay the platform for a long and stable upswing in the domestic economy, Reserve Bank of Australia (RBA) governor Glenn Stevens said on Thursday. Speaking at the Melbourne Institute 2009 Economic & Social Outlook...
News Source: Tulsa World
| 19 days ago
The Dow Jones industrial average, up more than 150 points after the Fed described the economy as showing more signs of recovery, closed up 30. Stocks could get a lift Thursday from Cisco Systems Inc., which posted better quarterly earnings and sales...
News Source: The Daily Telegraph
| 19 days ago
THE Australian dollar closed half a cent higher on expectations of widening interest rate differential with the US dollar. Firming expectations of December rate rise by the local central bank and slightly better than expected trade data kept the...