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By Liz Capo McCormick and Susanne Walker, Bloomberg |
September 10, 2012
Just six months ago, money market traders expected the Federal Reserve to raise interest rates by the end of 2013. Now, they see borrowing costs staying at record lows for about three more years as the economic outlook worsens.
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By Shobhana Chandra, Bloomberg |
September 7, 2012
Payrolls rose less than projected in August and the unemployment rate was unexpectedly driven down by Americans leaving the labor force, boosting the odds of additional Federal Reserve easing to spur a faltering recovery.
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By John Detrixhe and Tom Keene, Bloomberg |
September 7, 2012
Pacific Investment Management Co.’s Bill Gross said lower-than-forecast U.S. employment growth will move the Federal Reserve closer to more quantitative easing.
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By Rainer Buergin, Bloomberg |
August 27, 2012
Germany and France agreed to drive ahead measures on closer European integration in a renewed show of unity by the region’s two biggest economies to fix the crisis in the Eurozone.
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By Joseph Ciolli, Bloomberg |
August 7, 2012
The euro rose to a more than three- week high versus the yen amid speculation that the European Central Bank is taking appropriate measures to quell the region’s debt crisis.
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By Joseph Ciolli, Bloomberg |
August 6, 2012
The dollar fell against most of its major counterparts as risk appetite increased amid speculation central banks may take further steps to boost economic growth.
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By Joseph Ciolli, Bloomberg |
July 24, 2012
The euro slid to the lowest level in more than 11 years versus the yen as speculation Europe’s sovereign-debt crisis is worsening spurred demand for safety.
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By Dawn Kopecki, Phil Mattingly and Clea Benson, Bloomberg |
June 13, 2012
U.S. senators preparing to hear testimony from JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said they will press him to explain what led to more than $2 billion in trading losses.
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By Catarina Saraiva and Tom Keene, Bloomberg |
May 21, 2012
Greece may have to exit the 17-nation euro and the monetary union should plan for it to ensure stability, according to Pacific Investment Management Co.’s Mohamed El-Erian.
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By Rita Nazareth, Bloomberg |
May 16, 2012
U.S. stocks advanced, snapping a three-day decline in the Standard & Poor’s 500 Index, as better-than-estimated reports on housing starts and industrial production bolstered confidence in the world’s largest economy.
