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Last updated: 20:09:38 Saturday Nov 14, 2009


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  • Fed sees rates near zero for "extended period"
    WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday expressed growing confidence that an economic recovery was building, even as it stuck to its commitment to keep borrowing costs near zero for "an extended period."   People:Ben Bernanke Warren Buffett   2009-11-04

    Brussels targets bailed-out banking giants
    BRUSSELS (AFP) - First, it was Commerzbank, ING and now Northern Rock -- European Union competition regulators are imposing tough conditions on banks that benefited from state bailouts, deepening concerns for the likes of Lloyds, RBS and Dexia.   Nations:U.K. Netherlands   Activities:Global Financial Crisis   2009-10-28

    Govt unveils huge asset sale to cut debt
    LONDON (AFP) - Prime Minister Gordon Brown announced on Monday a 16-billion-pound sale of state assets including a high-speed railway and a betting service to cut soaring debt caused by the economic crisis.   People:Gordon Brown   Source:(AFP)   2009-10-12

    Bank of England maintains record-low interest rate
    LONDON (AFP) - The Bank of England kept its key interest rate at a record low 0.5 percent on Thursday and held to credit-easing plans while waiting to see if the economy builds on signs of recovery from recession.   Nations:Australia Turkey   Source:(AFP)   2009-10-08

    Australia rate hike a good sign for world economy
    WASHINGTON - A move by Australia's central bank to raise its benchmark interest rate, the first major economy to do so since the financial crisis worsened last fall, may signal a vote of confidence in a global recovery.   Nations:South Korea Spain Canada India New Zealand Switzerland   Activities:Global Financial Crisis   2009-10-06

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