Bernanke

2010-03-20T06:15:46Z

Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, Wednesday, March 17, 2010, before the House Financial Services Committee. (AP Photo/China warns US against sanctions over currency dispute, says may report trade deficit in March</div><div><p>China's commerce minister warned the United States on Sunday against imposing trade sanctions over Beijing's currency controls, and said his country was likely to report a trade deficit in March.</p&g...

India faces more rate hikes: analysts

2010-03-21T00:15:39Z

<div><p>India's central bank looks set to tighten monetary policy further after raising interest rates for the first time in nearly two years as it bids to check spiralling inflation, economists say.</p><p>In a move that surprised experts, the Reserve Bank of India (RBI) hiked short-term rates from record lows late Friday to battle near double-digit annual i...

Gov't preparing tough pre-election budget

2010-03-20T23:15:36Z

<div><p>The government will deliver a critical pre-election budget this week to help fix the dire public finances but some experts fear political posturing with an election around the corner.</p><p>Chancellor of the Exchequer Alistair Darling will announce what could be his final annual budget on Wednesday, with opinion polls showing the Conservatives could achieve a narrow victory in the vote expected on Ma...

Britain facing tough pre-election budget

2010-03-20T21:15:36Z

<div><p>Britain's Labour government will deliver a critical pre-election budget this week to help fix the dire public finances but some experts fear political posturing with an election around the corner.</p><p>Finance minister Alistair Darling will announce what could be his final ann...

IMF paints grim picture of fiscal tightening needs

2010-03-20T21:00:11Z

<div><p>BEIJING (Reuters) - Developed countries with big budget deficits must start now to prepare public opinion for the belt-tightening that will be needed starting next year, the No. 2 official at the IMF said on Sunday.</p><p>John Lipsky, the

Bernanke: Keep Fed as watchdog of small US banks

2010-03-20T07:45:07Z

<div id="subtitle">Fed Chairman Bernanke tries to makes case for Fed to retain role as watchdog of smaller banks</div><div><p>Federal Reserve Chairman Ben Bernanke made a fresh pitch Saturday to retain oversight of small banks, contending that what the Fed learns from that role helps it assess the overall health of the entire U.S. financial system.</p><p>Bernanke, in a speech to the

2010-03-20T07:15:17Z

<div><p>Orlando, Florida (Reuters) - Regulators must be "significantly tougher" on large and complex financial firms to limit wider risks, but big firms are still needed to keep the global economy humming, Federal Reserve Chairman Ben Bernanke said on Saturday.</p><p>Bernanke told an

China inflation goal tough but reachable: official

2010-03-20T04:30:04Z

<div><p>BEIJING (Reuters) - China's 2010 inflation goal of 3 percent is tough but achievable, with good grain supplies and excess capacity helping keep prices down, while growth should hit 8 or 9 percent, senior government advisers told a conference on Saturday.</p><p>The chief economist of the India's central bank unexpectedly hikes key interest rates a quarter point on inflation fears</div><div><p>India's central bank has unexpectedly hiked key interest rates a quarter of a percentage point, as the bank tries to cool high inflation amid a faster-than-expected economic rebound.</p><p>The bank raised the benchmark repo rate — at which the central bank makes short-term loans to commercial ba...

Bair says Senate bill must be tweaked

2010-03-19T18:00:35Z

<div id="subtitle">FDIC chairman says loopholes must be filled in Senate overhaul bill to end 'too-big-to-fail'</div><div><p>A key senator has agreed with the head of the Federal Deposit Insurance Corp. to change new Senate legislation to ensure an end to the "too-big-to-fail" approach that brought the government rushing in to bail out big banks in the financial crisi...

Barroso wants EU to agree loans for Greece

2010-03-19T18:00:12Z

<div><p>BRUSSELS/ATHENS (Reuters) - European Commission President Jose Manuel Barroso urged EU member states on Friday to agree a standby aid package Greece after Athens said it could turn to the IMF ...

Fed must reveal data on loans to firms, court says

2010-03-19T16:00:18Z

<div id="subtitle">NY appeals court: Fed must reveal documents identifying firms that received Fed loans</div><div><p>The Federal Reserve must reveal documents identifying financial companies that received Fed loans to survive the financial crisis, a federal appeals court ruled Friday.</p><p>A panel of the 2nd U.S. Circu...

Court orders Fed to release bailout documents

2010-03-19T14:45:28Z

<div><p>NEW YORK (Reuters) - In a significant victory for news media, a federal appeals court said the Federal Reserve must disclose records on emergency lending programs to banks bailed out by the government in the financial crisis.</p><p>The Second Circuit Court of ...

Analyst sees little impact from home tax credit

2010-03-19T14:30:50Z

<div id="subtitle">Analyst says home tax credit not helping builder much, so expiration unlikely to hurt either</div><div><p>Pulte Homes Inc. is not seeing many sales as result of a federal tax credit designed to spur home purchases, an analyst wrote Friday, so its sales are therefore unlikely to fall after the incentive expires.</p><p>Last year, Congress created a homebuyer tax credit of up to $8...

Appeals court rules bank loans can be disclosed

2010-03-19T14:30:44Z

<div id="subtitle">NY appeals court: Federal Reserve should reveal records about loans to private banks</div><div><p>The Federal Reserve must reveal documents identifying financial companies that received Fed loans to survive the financial crisis, a federal appeals court ruled Friday.</p><p>A panel of the 2nd U.S. Circui...

PUBLIC DEBT

2010-03-19T13:31:27Z

Graphic shows projected U.S. federal debt held by public

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Belgium Greece Financial Crisis

2010-03-19T11:17:46Z

An attendee reads a financial paper prior to a meeting on 'Building a Crisis Framework for the Internal Market' at EU headquarters in Brussels, Friday March 19, 2010. In a Friday speech, European Central Bank President Jean Claude Trichet said the credit default swaps market needs to be more transparent to regulators and...

Corrected: Dow gains on Boeing strength, S&P dips

2010-03-19T08:16:49Z

<div><p>Removes reference in 9th paragraph to FedEx being the largest package shipping company</p><p>By Ryan Vlastelica</p><p>NEW YORK (Reuters) - The Dow industrials rose on Thursday on

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