The European Central Bank kept interest rates at a six-year high today to fight inflation even as the euro-region economy cools.
ECB policy makers meeting in Frankfurt left the benchmark lending rate at 4 percent, as predicted by all 59 economists in a Bloomberg News survey. The bank will wait until at least February to lower [...]
Mexico’s peso-denominated bonds were little changed, with the yield on the benchmark security close to a four-month high, on speculation quickening inflation will prompt central bankers to raise lending rates this year.
Yields on benchmark bonds have climbed 0.10 percentage point since Banco de Mexico raised its inflation forecast for this year on April 30, citing [...]
India’s central bank unexpectedly ordered lenders to set aside more reserves for the second time in less than two weeks to tame runaway inflation.
The Reserve Bank of India raised its cash reserve ratio to 8.25 percent from 8 percent, according to a statement in Mumbai. Nineteen of 20 analysts surveyed by Bloomberg News forecast no [...]
New Zealand banks are tightening lending as funding costs rise and the global credit squeeze brings a period of surging home-loans growth to an end, according to KPMG International.
Less willingness to lend to new customers may curb investment and contribute to a forecast slowdown in New Zealand’s economic growth this year, KPMG said in a [...]
The Bank of England said it’s in discussions with other central banks about how to “ease the strains” in financial markets, although it’s not considering requiring taxpayers to assume credit risks.
Britain’s central bank said it is “not among” those that the Financial Times reported earlier today were contemplating the purchase of mortgage-backed securities to smooth [...]
The Canadian dollar fell against major currencies amid concern the slowing U.S. economy will hurt the nation’s exports.
Canada’s dollar approached a two-month low against its U.S. counterpart. It fell against all of the 16 most-traded currencies as the world’s largest economy struggled with a deepening slump. Canada ships about 80 percent of its exports to [...]
Sales of existing homes in the U.S. unexpectedly rose in February as prices fell by the most in four decades.
Purchases increased 2.9 percent, the first gain in seven months, to an annual rate of 5.03 million, the National Association of Realtors said today in Washington. The median home value dropped 8.2 percent from a year [...]
The FBI is investigating Countrywide Financial, the nation’s largest mortgage lender, for possible securities fraud, said a person familiar with the probe.
Investigators are focusing on whether Countrywide officials misrepresented the firm’s financial position and the quality of its loans in securities filings, said the person, who declined to be identified because he wasn’t authorized to [...]
The dollar declined as the economy grew at the slowest pace in more than a year in the fourth quarter and central bank Assistant Governor Malcolm Edey said there are ‘’significant dampening forces” on economic growth.
The Aussie dollar dropped against 12 of the 16 most- active currencies on prospects cooling growth may prompt the [...]
The dollar declined as the economy grew at the slowest pace in more than a year in the fourth quarter and central bank Assistant Governor Malcolm Edey said there are ‘’significant dampening forces” on economic growth.
The Aussie dollar dropped against 12 of the 16 most- active currencies on prospects cooling growth may prompt the [...]
