Ben Bernanke
Gloomy Bernanke sees slow drop in US unemployment
Jul 17, 2012 15:53 EDT
Federal Reserve Chairman Ben Bernanke pointed to a gloomy outlook for the US economy Tuesday, warning further drops in unemployment would likely prove "frustratingly slow."
Bernanke: Libor 'structurally flawed'
Jul 17, 2012 13:31 EDT
Federal Reserve Chairman Ben Bernanke on Tuesday said that revelations that a key inter-bank lending rate had been rigged were "very troubling," undermined confidence in the financial system and should be fixed.
London shares fall
Jul 17, 2012 12:25 EDT
London shares closed in the red on Tuesday giving up modest early gains after US Federal Reserve Chairman Ben Bernanke gave a gloomy outlook on the US economy.
European stocks close mixed after Bernanke remarks
Jul 17, 2012 12:11 EDT
Europe's main stock markets closed narrowly mixed Tuesday, giving up modest early gains after US Federal Reserve Chairman Ben Bernanke gave a gloomy outlook on the US economy.
European stocks fall after Bernanke remarks
Jul 17, 2012 11:13 EDT
Europe's main stock markets gave up early gains on Tuesday after US Federal Reserve Chairman Ben Bernanke gave a gloomy outlook on the US economy and on news of falling German investor confidence.
Bernanke predicts slow drop in US unemployment
Jul 17, 2012 10:29 EDT
Federal Reserve Chairman Ben Bernanke admitted Tuesday that US economic data had been "disappointing" and that a future reduction in unemployment would likely prove "frustratingly slow."
European stocks mainly rise before Bernanke remarks
Jul 17, 2012 07:19 EDT
Europe's main stock markets mostly rose on Tuesday despite news of falling German investor confidence, as investors awaited US Federal Reserve Chairman Ben Bernanke's appearance before Congress.
Asian shares in broad-based rise
Jul 17, 2012 06:52 EDT
Asian shares were widely up Tuesday, led by a sharp rise in Hong Kong, amid hopes of Chinese and US stimulus measures ahead of Federal Reserve Chairman Ben Bernanke appearing before Congress.
Asia markets rise on Wall St rally; China slumps
Jul 16, 2012 16:56 EDT
Asian shares edged higher Monday on the back of a strong Wall Street rally, but Chinese stocks plunged to a new three-year low after growth in the world's second-largest economy slowed.
US Fed told about Libor manipulation in 2008
Jul 13, 2012 16:06 EDT
The US Federal Reserve knew banks were lying about borrowing rates that are now at the center of a major global financial scandal as long ago as 2008, documents released Friday showed.
Geithner warned BoE about Libor rate in 2008
Jul 13, 2012 12:26 EDT
US Treasury Secretary Timothy Geithner warned about the manipulation of Britain's Libor bank rate in 2008, four years before Barclays was fined for trying to rig it, emails published by the Bank of England showed Friday.
Morgan Stanley tips LIBOR costs at 12 bn euros
Jul 13, 2012 11:56 EDT
A scandal over interbank rate rigging focused on the LIBOR reference rate could cost 11 banks, including Barclays Bank, around 12 billion euros ($14.7 billion), a Morgan Stanley study said Friday.
Rate-rigging scandal also involves Japan: EU
Jul 13, 2012 07:32 EDT
The EU investigation into a "shocking" interest-rate rigging scandal in the world's biggest money market in London also includes Japan, EU Competition Commissioner Joaquin Almunia said on Friday.
Geithner 'gave warning' about Libor rate in 2008
Jul 13, 2012 02:25 EDT
US Treasury Secretary Timothy Geithner warned about the manipulation of Britain's Libor bank rate in 2008, four years before Barclays was fined for trying to rig it, the Washington Post reported.
US Senate to grill Geithner, Bernanke on rate-rigging
Jul 10, 2012 13:29 EDT
US lawmakers said Tuesday they will question Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke about a bank rate-rigging scandal that has engulfed the global financial sector.
Obama to skip vacation on millionaires' playground
Jul 03, 2012 13:01 EDT
President Barack Obama will skip his annual trip to the rich man's retreat of Martha's Vineyard this summer, as he wages a pro-middle class election campaign against multi-millionaire Mitt Romney.
Europe stocks slip awaiting cost of Spain bank bailout
Jun 21, 2012 08:12 EDT
Europe's main stock markets retreated Thursday as Spain prepared to announce the cost of bailing out its banks, and after the US Federal Reserve promised only muted stimulus to boost the economy.
Gloomy Fed pulls trigger on more economic stimulus
Jun 20, 2012 15:56 EDT
The Federal Reserve unleashed a fresh wave of economic stimulus Wednesday in another gambit to tackle subpar US jobs growth, and predicted a slower output expansion amid the crisis in Europe.
European stocks steady, euro rises before Fed decision
Jun 20, 2012 13:08 EDT
European stock markets were mixed on Wednesday amid hopes the US Federal Reserve would announce more stimulus to boost the world's biggest economy and as a government emerged in crisis-struck Greece.
Europe stocks steady, euro up before Fed decision
Jun 20, 2012 10:45 EDT
European stock markets were mixed on Wednesday amid hopes the US Federal Reserve would announce more stimulus to boost the world's biggest economy and as a government emerged in crisis-struck Greece.
