us federal reserve

Brazil’s economy growing again, says finance chief


September 20th, 2012 - 11:47 am ICT by IANS
Paris, Sep 20 (IANS/EFE) The Brazilian economy is accelerating after a slow first half of 2012 and will remain on a growth trajectory, the country's finance minister said Wednesday in ... Read more...

Posted in Business |

Federal Reserve to pump more liquidity into US economy


September 14th, 2012 - 1:31 pm ICT by IANS
Washington, Sep 14 (IANS/EFE) The US Federal Reserve Thursday announced further steps to stimulate a struggling economy and pledged to keep short-term interest rates at near zero until 2015.At the ... Read more...

Posted in Business |

Bernanke hints at moves to aid US labour market, recovery


September 1st, 2012 - 2:52 pm ICT by IANS
Washington, Sep 1 (IANS) US Federal Reserve Chairman Ben Bernanke has hinted that the central bank might provide further monetary easing steps to improve the US labour market and broader ... Read more...

Posted in Business |

US manufacturing sector contracts in July


August 2nd, 2012 - 5:05 am ICT by IANS
Washington, Aug 2 (IANS) The US manufacturing sector shrank for the second consecutive month in July, a survey showed Wednesday.The US Institute of Supply Management (ISM) manufacturing index, also known ... Read more...

Posted in Business |

US economy grows at modest pace


July 19th, 2012 - 1:45 pm ICT by IANS
Washington, July 19 (IANS) The US economy expanded at a "modest to moderate pace" in June and early July, but the employment situation only improved at a "tepid" pace, the ... Read more...

Posted in Business |

US industrial production rises


July 18th, 2012 - 2:49 pm ICT by IANS
Washington, July 18 (IANS) US industrial production increased 0.4 percent in June, a fresh evidence of the ongoing US economic recovery, the US Federal Reserve said in a report. The ... Read more...

Posted in Uncategorized |

US consumer credit goes up


July 10th, 2012 - 2:11 pm ICT by IANS
Washington, July 10 (IANS) US consumer credit increased at an annual rate of 8 percent in May as consumers stepped up their borrowing, the US Federal Reserve reported. Total consumer ... Read more...

Posted in Business |

US stocks up in holiday-shortened session


July 4th, 2012 - 2:12 am ICT by IANS
New York, July 4 (IANS) US stocks traded higher in a holiday-shortened session Tuesday, as the latest weak data added to speculations that the central bank may take more steps ... Read more...

Posted in Business |

US stocks gain on positive service data


June 6th, 2012 - 6:57 am ICT by IANS
New York, June 6 (IANS) US stocks gained Tuesday, with the Dow Jones industrial average snapping a four-day losing streak, as investors felt heartened after a better-than-expected service report.When the ... Read more...

Posted in Business |

US consumer prices flat


May 16th, 2012 - 1:12 pm ICT by IANS
Washington, May 16 (IANS) US consumer prices were flat in April, largely because of a decline in gas prices, the Labor Department reported.The Consumer Price Index (CPI), which tracks inflation ... Read more...

Posted in Uncategorized |

Chinese banks get nod to expand operations in US


May 10th, 2012 - 1:55 pm ICT by IANS
Washington, May 10 (IANS) The US Federal Reserve has announced its approval of China's largest bank to purchase a US bank and two other large Chinese banks to expand their ... Read more...

Posted in Business |

US consumer credit posts robust gain


May 8th, 2012 - 3:27 pm ICT by IANS
Washington, May 8 (IANS) US consumer credit increased at an annual rate of 10.2 percent in March this year, fresh evidence of the ongoing recovery of the world's largest economy, ... Read more...

Posted in Business |

Brazil must keep currency competitive, says minister


March 14th, 2012 - 11:39 am ICT by IANS
Brasilia, March 14 (IANS/EFE) The Brazilian government does not intend to directly intervene in the currency market, but will continue taking steps to stop the real from rising to a ... Read more...

Posted in Business |

Four US banks fail Fed stress test


March 14th, 2012 - 6:55 am ICT by IANS
Washington, March 14 (IANS) The US Federal Reserve said Tuesday that four major US banks have failed to pass its latest round of stress test.Citigroup, SunTrust, Ally Financial and MetLife ... Read more...

Posted in Business |

US consumer prices go up


February 18th, 2012 - 2:08 pm ICT by IANS
Washington, Feb 18 (IANS) Consumer prices in the US ticked up 0.2 percent in January, reported the Labor Department Friday.The Consumer Price Index (CPI), which tracks inflation at the retail ... Read more...

Posted in Business |

US forecasts slow economic growth in coming quarters


February 16th, 2012 - 1:37 pm ICT by IANS
Washington, Feb 16 (IANS) The US Federal Reserve Wednesday said it expected the US economy to continue expanding slowly in coming quarters, as it was weighed down by a ... Read more...

Posted in Business |

US Fed to keep interest rates low


January 26th, 2012 - 4:15 am ICT by IANS
Washington, Jan 26 (IANS) The US Federal Reserve plans to keep key interest rates exceptionally low at least through 2014.The US economy has been "expanding moderately", the Federal Open Market ... Read more...

Posted in Business |

US economic growth revised down to 1.8 percent


December 22nd, 2011 - 11:51 pm ICT by IANS
Washington, Dec 22 (IANS) US economic growth rate was revised down to 1.8 percent in the third quarter of this year, the commerce department said Thursday.The department attributed the slowdown ... Read more...

Posted in Business |

US economic growth to remain slow in 2012: Experts


December 20th, 2011 - 3:15 pm ICT by IANS
Washington, Dec 20 (IANS) The US economy is projected to grow at a slow pace because of ongoing challenges, American experts said Monday. The housing market will probably remain relatively ... Read more...

Posted in Business |

US to stress test 31 banks against severe recession


November 23rd, 2011 - 1:44 pm ICT by IANS
Washington, Nov 23 (IANS) The US Federal Reserve has announced that it would carry out a new round of stress tests next year on the nation's 31 largest financial institutions ... Read more...

Posted in Business |

Overseas funds sell $22.39 million in equities


September 25th, 2011 - 5:50 pm ICT by IANS
Mumbai, Sep 25 (IANS) Indian equities markets saw overseas funds turn net sellers during the week ended Friday even as benchmark indices lost 4.5 percent amid a global sell-off.Foreign ... Read more...

Posted in Business |

Sensex slumps 4.56 percent on global turmoil (Weekly market review)


September 24th, 2011 - 2:53 pm ICT by IANS
Mumbai, Sep 24 (IANS) A benchmark index for Indian equities slumped almost five percent this week on turmoil in the global bourses after the US Federal Reserve said the ... Read more...

Posted in Business |

Indian markets expected to catch up to global rally Friday


September 1st, 2011 - 1:27 pm ICT by IANS
Mumbai, Sep 1 (IANS) Indian equities markets, which remained closed Thursday for the second day running, are Friday expected to play catch up to the rally witnessed in bourses ... Read more...

Posted in Business |

Dow Jones Industrial Average down as trading opens


August 10th, 2011 - 10:07 pm ICT by Aishwarya Bhatt
New York, Aug 10 (THAINDIAN NEWS) The Dow Jones Industrial Average shed most of the gains it made on Tuesday at the opening of trading on Wednesday. Just an hour into trading ... Read more...

Posted in Business |

Dollar dips on consumer spending, eurozone inflation


April 30th, 2011 - 2:55 am ICT by IANS
New York, April 30 (IANS) The US dollar fell against major currencies in late New York trading Friday as US consumer spending rose in March and inflation in the eurozone ... Read more...

Posted in Business |

Sonia among top 10 powerful people in world


November 4th, 2010 - 4:04 pm ICT by IANS
Washington, Nov 4 (IANS) India's ruling Congress chief Sonia Gandhi is among the top 10 most powerful people in the world, according to the Forbes magazine.Sonia, who is ahead of ... Read more...

Posted in Politics |

Sensex range-bound, broader markets gain (Lead)


October 11th, 2010 - 2:35 pm ICT by IANS
Mumbai, Oct 11 (IANS) A benchmark index of Indian equities slipped from its opening highs Monday and was ruling 91 points higher in range-bound trade. Broader markets, however, continued to do ... Read more...

Posted in Business |

Sensex soars in morning trade as Asian stocks surge


October 11th, 2010 - 11:14 am ICT by IANS
Mumbai, Oct 11 (IANS) A benchmark index of Indian equities Monday soared in opening trade, tracking gains in other Asian markets.The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ... Read more...

Posted in Business |

Sensex drifts lower, broader markets dull (Lead)


September 29th, 2010 - 2:38 pm ICT by IANS
Mumbai, Sep 29 (IANS) A benchmark index of Indian equities Wednesday gave up its modest morning gains and was ruling 57 points in the red in afternoon trade. Broader markets were ... Read more...

Posted in Business |

Americans prefer dollar bills, leave 1.1 billion dollars in coins in languished state


August 11th, 2010 - 4:00 pm ICT by ANI
Washington, Aug. 11 (ANI): The American citizen's preference for dollar bills has left coins worth more than 1.1 billion dollars languishing in storage.According to The Telegraph, the reluctance to use coins could ... Read more...

Posted in World |

US central bank keeps rates low amid slowing recovery


August 11th, 2010 - 2:01 am ICT by IANS
Washington, Aug 11 (DPA) The US Federal Reserve said Tuesday it was keeping interest rates at their record low of near 0 percent as it warned that the country's economic recovery was ... Read more...

Posted in Business |

Sensex subdued, Asian cues negative


July 30th, 2010 - 2:09 pm ICT by IANS
Mumbai, July 30 (IANS) A benchmark index for Indian equities Friday afternoon was trading quiet, tracking negative other Asian markets. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which ... Read more...

Posted in Business |

Federal Reserve lowers US economic forecasts


July 15th, 2010 - 4:33 am ICT by IANS
Washington, July 15 (DPA) The US Federal Reserve Wednesday lowered slightly its forecasts for economic growth in the coming year, reflecting the United States' sluggish recovery from recession and the ill-effects ... Read more...

Posted in Business |

US central bank keeps interest rates at record low


April 29th, 2010 - 1:24 am ICT by IANS
Washington, April 28 (DPA) The US Federal Reserve continued to keep interest rates at a record low of near 0 percent to help fuel a recovery in the world's largest economy. The Fed's ... Read more...

Posted in Business |

US central bank optimistic on economic recovery


February 18th, 2010 - 7:16 am ICT by IANS
Washington, Feb 18 (DPA) The US Federal Reserve has grown slightly more optimistic about the pace of the US economic recovery, leading some members to ponder raising interest rates and shrinking the ... Read more...

Posted in Business |

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