U.S. markets falter after volatile day of trading

Aug 25, 2015

U.S. markets falter after volatile day of trading

U.S. stock indexes plunged almost 4 percent on Monday as investors, rattled about China’s economy, sold heavily in an unusually volatile session that confirmed the benchmark S&P 500 was formally in a correction. The Dow Jones industrial average briefly slumped more than 1,000 points ...

Yellen signals Fed rate hike this year but mum on timing

Jun 18, 2015

Yellen signals Fed rate hike this year but mum on timing

The U.S. central bank indicated Wednesday it is likely to raise the ultralow interest rates later this year although its policy-setting panel gave no new words regarding exactly when it could take place. “Clearly most participants are anticipating that a rate increase this year ...

Feb 24, 2015

U.S. home sales plunged 4.9% in January

U.S. home sales hit a snow drift in January, plunging to the slowest pace in nine months. The National Association of Realtors said Monday that sales of existing homes tumbled 4.9 percent last month to a seasonally adjusted annual rate of 4.82 million. That ...

Nov 7, 2014

U.S. jobless claims, wages data point to tightening market

The number of Americans filing new claims for unemployment benefits fell more than expected last week and compensation accelerated in the third quarter, in the latest signs of tightening labor market conditions. Thursday’s upbeat data underscored the resilience of the economy and some analysts ...

Oct 30, 2014

Fed ends bond buying, cites brighter job market

The Federal Reserve cited an improving economy Wednesday as it ended its landmark bond-buying program and pointed to gains in the job market — a key condition for an eventual interest rate hike. The Fed reiterated its plan to maintain its benchmark short-term rate ...

Oct 29, 2014

U.S. Fed begins policy meeting, likely to end asset-buying stimulus

The U.S. Federal Reserve began its two-day policy meeting Tuesday with speculation that the central bank is likely to end the asset purchase stimulus on the back of the improvement in labor market. The Federal Open Market Committee, the Fed’s policy-setting panel, including Fed ...

ECB surprises with rate cuts, new stimulus plan

Sep 5, 2014

ECB surprises with rate cuts, new stimulus plan

The European economy needs help. Most people didn’t expect it would arrive quite this quickly. The European Central Bank cut interest rates Thursday and announced a program to pump money into the financial system and stimulate bank lending by buying private sector financial assets. ...

Jul 22, 2014

FSA to boost bank, insurer oversight

The Financial Services Agency plans to integrate its inspection and supervisory policies to strengthen its oversight of banks, insurance firms and other financial institutions, according to informed sources. The agency will disclose the new policy by September, the sources said Monday. FSA officials in ...