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Thailand’s central bank kept its benchmark interest rate unchanged at a second straight meeting amid signs government spending has helped moderate the pace of the nation’s economic contraction.
The Bank of Thailand held the one-day bond repurchase rate at 1.25 percent, it said in a statement today. That’s the lowest level since July 2004. […]
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Australian business sentiment turned positive in June for the first time since December 2007, increasing central bank Governor Glenn Stevens’ scope to keep borrowing costs unchanged at a half-century low this year.
The sentiment index rose 6 points to 4, after holding below zero for the previous 17 months, according to a National Australia […]
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Japan’s household sentiment rose for a sixth month in June, adding to signs that the deepest postwar recession may be easing.
The confidence index climbed to 37.6 from 35.7 in May, the Cabinet Office said today in Tokyo. It has improved every month since tumbling to a record low of 26.2 in December. A […]
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The U.S. Treasury has sold warrants it obtained from rescued banks for about two-thirds of what they are worth, a group overseeing the federal bailout said.
The Congressional Oversight Panel, in a report released today, said taxpayers should have recovered $10 million more from warrant sales with 11 small banks. A Treasury official countered […]
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The U.S. Treasury has sold warrants it obtained from rescued banks for about two-thirds of what they are worth, a group overseeing the federal bailout said.
The Congressional Oversight Panel, in a report released today, said taxpayers should have recovered $10 million more from warrant sales with 11 small banks. A Treasury official countered […]
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Chancellor of the Exchequer Alistair Darling, aiming to prevent another global financial crisis, may be leaving the biggest decisions on U.K. banking regulations to opposition politicians and bureaucrats in Brussels.
Darling yesterday said he will largely keep in place Britain’s financial architecture, introduced by the Labour government in 1997. He rubber stamped proposals Financial […]
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India’s Finance Minister Pranab Mukherjee will seek to convince investors that yesterday’s budget will help turn around the economy after stocks plunged the most in six months.
The finance minister is due to meet industry groups in New Delhi today after the stock index dropped 5.8 percent yesterday and the rupee suffered its worst […]
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Federal Reserve Bank of San Francisco President Janet Yellen said the prospect that policy makers will leave the benchmark U.S. interest rate near zero for the next several years is “not outside the realm of possibility.”
“We have a very serious recession, we have a 9.4 percent unemployment rate,” and inflation possibly falling further […]
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