Russia hikes rates in risky effort to halt ruble's fall

Dec 16, 2014

Russia hikes rates in risky effort to halt ruble's fall

The Bank of Russia raised its key interest rate to 17 percent from 10.5 percent in a desperate move to boost the ruble, which has sunk roughly 50 percent since January amid Western sanctions and plunging worldwide oil prices. The aggressive move reflected fears ...

Dec 15, 2014

Tankan' shows manufacturers' confidence is waning

Confidence among large manufacturers declined in the fourth quarter as the recession offset a boost from the weaker yen, the Bank of Japan’s “tankan” survey showed Monday, underlining the economic challenges for Prime Minister Shinzo Abe after his electoral victory. The tankan index of ...

Midterm elections carry high stakes for U.S. economy

Nov 4, 2014

Midterm elections carry high stakes for U.S. economy

The midterm slugfest for control of the U.S. Senate could have far-reaching effects on the economy. Tuesday’s elections come just as U.S. growth has been showing consistent improvement, thanks in part to a congressional truce on budget fights. Previous such fights shut down the ...

Oct 31, 2014

Next extra budget likely to weigh in at only ¥3 trillion

The government is considering compiling an extra budget of only ¥3 trillion for fiscal 2014 ending in March to prevent the economy from drooping further from the consumption tax hike in April, sources close to the matter said Friday. The extra budget compiled for ...

Oct 21, 2014

China economy grows at slowest pace in five years

China’s economic growth waned to a five-year low of 7.3 percent last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese leaders’ plans for a controlled slowdown. The third quarter figures, released Tuesday, put China ...

Oct 10, 2014

Moody's boosts Nomura credit rating for first time since 2005

Nomura Holdings Inc.’s credit rating was raised by Moody’s Investors Service for the first time since November 2005 as Japan’s largest brokerage showed improved profitability. The company’s long-term rating was increased by two levels to Baa1 from the lowest investment grade of Baa3, Moody’s ...