Economics,Politics
Bernanke Wields New Tools to Reduce Unemployment Rate
13.12.2012 10:33
Bloomberg: Chairman Ben S. Bernanke moved the Federal Reserve further into uncharted policy territory in combating joblessness by tying the bank’s interest-rate outlook to unemployment and inflation, while committing to an even faster expansion of the central...
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European Stocks Drop After Bernanke Fiscal Cliff Warning
13.12.2012 10:31
Bloomberg: European (SXXP) stocks dropped from their highest level in 18 months as Federal Reserve Chairman Ben S. Bernanke said the central bank’s plan to buy $45 billion a month of Treasury securities will fail to offset the fiscal cliff. U.S. index futures fluctuated, while...
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Bernanke Wields New Tools to Reduce Unemployment Rate
13.12.2012 10:29
Bloomberg: Chairman Ben S. Bernanke moved the Federal Reserve further into uncharted policy territory in combating joblessness by tying the bank’s interest-rate outlook to unemployment and inflation, while committing to an even faster expansion of the central bank’s balance sheet.
The...
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Euro Rebuilding Vision Fades as Merkel’s Campaign Looms
13.12.2012 10:27
Bloomberg: Europe’s leaders are losing the vision thing.
The word “vision” appeared seven times in a June outline for transforming the euro zone into an American or Swiss-style economic union. It dropped out of an October follow-up and is absent from a final...
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Central Banks Ponder Going Beyond Inflation Mandates
10.12.2012 14:35
Bloomberg: Inside the world’s oldest central bank, a new debate is raging over a dilemma facing monetary authorities around the globe.
Policy makers at Sweden’s 344-year-old Riksbank and elsewhere are arguing about how far they can look beyond their price mandates and focus instead on...
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Russian mafia whistleblower found dead outside UK mansion
10.12.2012 13:26
(Reuters) - A Russian businessman helping Swiss prosecutors uncover a powerful fraud syndicate has died in mysterious circumstances outside his mansion in Britain, in a chilling twist to a Russian mafia scandal that has strained Moscow's ties with the West.
Alexander Perepilichny, 44,...
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Greece extends buyback offer to reach target
10.12.2012 13:25
(Reuters) - Greece has extended its offer to buy back debt until Tuesday, seeking more bids from bondholders after falling just short of a target to retire bonds worth 30 billion euros at a cost of just 10 billion euros.
The buyback is designed to provide for about half of a...
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Italian political crisis drives up borrowing costs
10.12.2012 13:24
(Reuters) - Italian Prime Minister Mario Monti's imminent resignation drove up the country's borrowing costs on Monday, as markets took fright at the prospect of a return to an old-style Italian political crisis.
The spread between Italian BTPs and German Bunds widened to 349 basis...
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Global shares fall, euro slides as Monti deepens Italy uncertainty
10.12.2012 13:22
(Reuters) - The euro slipped towards a two-week low on Monday while shares and Italian bond prices also fell after Italian Prime Minister Mario Monti's decision to resign deepened euro zone uncertainty.
Monti announced over the weekend he would resign once the 2013 budget is...
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Italian political crisis kicks off campaigning as markets watch
10.12.2012 13:22
(Reuters) - Italian Prime Minister Mario Monti's imminent resignation has set off campaigning for an election expected in February, with financial markets on edge at the prospect of a return to an old-style Italian political crisis.
On Saturday the 69-year-old former European...
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