| Aug 27, 2015

Tokyo stocks rise further on U.S. rally

Stocks rose further on the Tokyo Stock Exchange Thursday, supported by an overnight rebound in U.S. equities. The 225-issue Nikkei average gained 197.61 points, or 1.08 percent, from Wednesday to close at 18,574.44. On Wednesday, the key market gauge shot up 570.13 points. The ...

Aug 8, 2015

U.S. economy adds 215,000 jobs; Fed rate hike closer

The U.S. job market just demonstrated that it may be nearing full health more than six years after the Great Recession — and showed why the Federal Reserve may be about to raise interest rates from record lows. July marked the latest month in ...

Volcker says U.S. bank oversight ineffective, seeks overhaul

Apr 20, 2015

Volcker says U.S. bank oversight ineffective, seeks overhaul

Former Federal Reserve Chairman Paul Volcker is calling for a reshaping of the U.S. financial oversight regime, which he says is splintered and ineffective. A public policy group led by Volcker issued a report Monday on the regulation of banks and Wall Street. It ...

Apr 9, 2015

Fed split on timing of interest-rate hike: minutes

The Federal Reserve was split at its last policy meeting on when to raise ultra-low U.S. interest rates, with timing ranging from June to 2016, according to minutes released Wednesday. “Several participants judged that the economic data and outlook were likely to warrant beginning ...

Mar 6, 2015

Major banks in U.S. all pass first phase of stress tests

The 31 largest banks in the United States passed the first phase of regulatory stress tests, the Federal Reserve announced Thursday. But the three leading investment banks Goldman Sachs, JPMorgan Chase and Morgan Stanley were among the worst performers, mainly because of their greater ...

Republicans in Congress challenge Fed's independence

| Feb 28, 2015

Republicans in Congress challenge Fed's independence

After unemployment and deflation, Federal Reserve Chair Janet Yellen finds herself in her toughest battle yet, fighting a push by Congress to assert itself over monetary policy. Newly in control of both houses on Capitol Hill, Republicans accuse the Fed of misguided policies and ...