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 ...

Jun 4, 2013

SMBC cuts three-year home loan rate to 0.6%

Sumitomo Mitsui Banking Corp. has cut the most preferential interest rate on its three-year fixed-rate housing loans to be contracted in June by 0.9 percentage point to 0.6 percent. The new rate took effect Monday. The unit of Sumitomo Mitsui Financial Group Inc. is ...

May 20, 2013

N.Z. bank may raise interest rates

Rising house prices in New Zealand will increase the pressure on the central bank to raise interest rates, Finance Minister Bill English said Sunday. “These households heading into quite high debt to buy highly priced houses need to be aware at some stage the ...