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NEIL MACKINNON
Relentless yield climb continues as Fed to let inflation run hotThe number of Americans filing for jobless benefits unexpectedly rose last week, while a separate report indicated the Philly Fed business ...
- Spain faces first big debt test of 2011
In reaction to the Portuguese issue, the Madrid stock market's Ibex-35 index soared 5.42 per cent on Wednesday, powered by banking shares.
- Pressure on Portugal heightens amid debt fears
Europe's debt crisis flared up once again Monday, as Portugal's borrowing rates briefly spiked to euro-era highs amid reports Germany and F...
- US unemployment spike sends stocks into reverse
An unexpected increase in the US unemployment rate in November sent stocks into reverse Friday.
- Euro slumps to two-month low on Ireland rescue, Korea fears
The euro hit a new two-month low on Monday and equities struggled, as Ireland's bailout failed to ease eurozone debt concerns.
- Stress tests are debt-crisis hurdle for Europe
Results of EU stress tests to uncover the depth of rot in the continent's banking system come out later this week - and an accurate reading...
- Europe searches for way out of debt crisis
Financial mkts are betting heavily that Greece's crushing debt could drag down entire eurozone. Check out the top gainers, losers and recom...
- Europe searches for way out of debt crisis
Financial markets are betting heavily that Greece's crushing debt could drag down the entire eurozone, and that could force reluctant EU le...
- BoE holds rates at record low, retains £200-billion bond plan
The Bank of England stuck to its plan to buy as much as £200 billion ($326 billion) in bonds as officials seek to ensure the economy’s esca...
- G-7 finance ministers face dollar concerns
Finance ministers from the Group of Seven rich countries face concerns over the future of the U.S. dollar as they meet Saturday in a forum ...
- Europe's central banks set to cut rates sharply
Europe's two main central banks are under mounting pressure to cut interest rates aggressively Thursday after a run of dismal economic data...
- ECB, BoE may back Fed as its ammunition runs dry
Federal Reserve chairman Ben S Bernanke has so far shouldered most of the burden of saving the global economy and financial markets. He may...
- Fed teams up with peers to ease credit crunch
The Federal Reserve plans to ease 'elevated' short-term funding pressures by injecting cash to banks through auctions and providing $24 bil...
- King deserves new term at Bank of England helm
Mervyn King deserves a second term as Bank of England governor because his success at containing inflation outweighs concerns that he contr...
- BoE, ECB move to check rise in borrowing costs
While BoE offered extra cash, ECB is ready to help restore ‘orderly’ conditions.
- Trichet may have to scrap 'vigilance' vow on inflation
In the annals of central-banker buzzwords, “strong vigilance” is probably about to go the way of “measured pace”. Investors and economists ...
- BoE may need more rate moves to rein in consumers
Bank Of England governor Mervyn King may find Thursday’s interest-rate increase won’t be enough to deter British consumers.
- Dollar in doldrums, but world couldn't care less
The dollar’s almost absent-minded meandering to record lows this week has been critical to allowing the rest of the financial world carry o...
- BOE keeps key rate at 5.25%
The Bank of England kept its benchmark interest rate at a 5 1/2-year high as policy makers assessed whether three increases in the past six...