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Markets roiled by Bernanke's exit strategy
Markets were roiled Thursday by a suggestion from U.S. Federal Reserve chairman Ben Bernanke that the central bank may be done with its monetary stimulus next year. While stocks and commodities took a pounding on the news, the dollar surged. For nearly five years, the Fed has been pursuing an ...
Regulators order lenders to raise more capital
British regulators are ordering some of the country's biggest banks to bolster their balance sheets by 27. 1 billion pounds ($42.1 billion) to prevent a repeat of the 2008 banking crisis. The Prudential Regulation Authority said Thursday that Barclays, Lloyds Banking Group and Royal Bank of Scotland account for much ...
Sony chief says time needed to study proposal
Sony Corp. needs more time to study a key proposal from a U.S. hedge fund to spin off a part of its entertainment unit as a way to propel its fledgling revival, the chief executive told shareholders Thursday. Sony Chief Executive Kazuo Hirai was speaking to a Tokyo hall packed ...
Stocks slide as Fed says bond purchases could slow
Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of next. The sharp reaction in markets, especially in the 10-year Treasury note, showed just how much investors have come to depend ...
Fed suggests it's closer to slowing bond purchases
In a move that could send interest rates higher, Fed Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program this year and end it next year because the economy is strengthening. The Fed's purchases of Treasury and mortgage bonds have ...
Business Highlights
___ Fed suggests it's closer to slowing bond purchases WASHINGTON (AP) — Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year if the economy continues to improve. The Fed's bond purchases have ...
AP News in Brief at 5:58 a.m. EDT
AP EXCLUSIVE: Taliban offer to free US soldier in exchange for Afghans held at Guantanamo ISLAMABAD, Pakistan (AP) — The Afghan Taliban are ready to free a U.S. army soldier held captive since 2009 in exchange for five of their senior operatives imprisoned at Guantanamo Bay as a conciliatory gesture, ...
Fed Suggests Bond Purchases Could Slow
The Federal Reserve signaled Wednesday that it's moving closer to slowing its bond-buying program, but stressed that any end would be gradual and not based on specific triggers. (June 19)
Bipartisan proposal on student loans circulating
Students applying for financial aid for the coming school year could find some comfort in a bipartisan student loan compromise taking shape in the Senate that would prevent interest rates from doubling and set a single rate each year for undergraduate students, rich or poor. Interest rates, which would be ...
Fed sees lower US unemployment, more growth
The Federal Reserve sketched a slightly brighter picture of the U.S. economy this year and next, a sign it is moving closer to slowing its bond-buying program. The Fed now predicts unemployment will fall to 7.2 percent or 7.3 percent at the end of 2013 from 7.6 percent now. It ...
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