Recent Posts

Keeping rates intact, US Fed maintaining an eye overseas

  WASHINGTON / AP When the Federal Reserve chose not to raise its key interest rate, it nevertheless made clear that its next move will be another increase. That stance puts it at odds with other major central banks, which are doing the reverse — seeking to ease credit to spur lending. That policy divergence could pose risks for the ...

Read More »

Deutsche rises after gain on cost reduction

  Bloomberg Deutsche Bank AG was the best performer among European lenders after reporting a surprise profit in the first quarter as legal expenses dropped and trading businesses performed better than analysts forecast. Net income declined to 214 million euros from 544 million euros in the year-earlier period, the company said in a statement on Thursday. Analysts had forecast a ...

Read More »

BoJ surprises as it holds off stimulus, delays inflation target

  Tokyo / AFP Bank of Japan (BOJ) shocked markets on Thursday as it held fire on fresh stimulus measures, sparking questions about whether there is anything left in its policy arsenal to kickstart a sliding economy. Dealers were caught off guard by the decision, which sent the yen skyrocketing, especially after another set of weak economic data in the ...

Read More »
Send this to a friend