Fed Needs Clear Low-Rate Pledge or

Federal Reserve Bank of Chicago President Charles Evans said the central bank needs a clear low- rate commitment or a third round of purchases of Treasuries and mortgage bonds to further stimulate a still struggling economy.
People outside the Fed have

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EU leaders to discuss growth as Greece case looms

European leaders will try to come up with ways to boost growth despite steep budget cuts across the continent when they meet in Brussels on Monday.
The 27 heads of state and government will get a taste of the popular frustration with austerity and high unemployment as they try to get to the summit in a […]

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Stocks open mixed ahead of Fed policy statement

Stocks are opening mostly lower ahead of a statement from the Federal Reserve and a news conference by its chairman.
The Fed will offer details Wednesday about how long it plans to keep interest rates very low. It also will release an economic forecast. Later, Fed Chairman Ben Bernanke will take questions from reporters.
Traders continue to […]

At $400 billion, Apple is worth more than Greece

Apple’s value on the stock market briefly rose to $400 billion on Thursday, a record high for what was already the world’s most valuable technology company.
The company’s market cap slipped below the $400 billion mark by midday as Apple’s (, Fortune 500) stock fell back from the all-time high of $431.37 it set earlier […]

China Mulls Relaxing Capital Rules for Banks - Bloomberg

China

9 eurozone nations downgraded by S&P

Standard & Poor’s said Friday that it has downgraded the credit ratings of nine euro area governments, including AAA-rated France and Austria.
S&P lowered its rating for Italy, Spain, Portugal and Cyprus by two notches. The move means Italian bonds are now rated BBB+, dangerously close to the junk bond level that could make […]

Code Year draws 200,000 aspiring programmers

"Learn to program" isn’t a typical New Year’s resolution, but it’s one that’s gone viral thanks to a clever campaign by Codecademy, a startup that helps newbies learn the basics of software coding.
The New York-based venture kicked off 2012 by launching Code Year. Sign up for the free project and you’ll receive an interactive […]

Euro-Area Crisis Presents Significant Risk for South Africa, Lagarde Says - Bloomberg

South Africa has become increasingly integrated into the global economy, leaving it exposed to

TSX starts 2012 trading on positive note

TORONTO

Ex-Fannie CEO Mudd leaves Fortress after SEC charges

Daniel Mudd is taking an immediate leave of absence from his role as CEO of investment firm Fortress Investment Group, less than a week after the Securities and Exchange Commission announced fraud charges against him and other former executives of Fannie Mae and Freddie Mac.
Mudd, who has headed Fortress () since August 2009, had […]