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ECB's Trichet Says Exit From Unconventional Policy To Be Gradual
(RTTNews) - European Central Bank President Jean-Claude Trichet said on Thursday that the central bank will unwind its unconventional monetary policy in a timely and gradual manner.
"We ...
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Front Page News » News: Trichet Reiterates Gradual Exit; Says Premature To Declare Crisis Over 11/20/09 09:17 am
(RTTNews) - It is too early to declare that the global crisis is over and the current non-standard monetary policy measures will have to be progressively phased out, European Central Bank President Jean-Claude Trichet ...
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News: Malaysia's Economic Contraction Slows In Q3 11/20/09 08:02 am
(RTTNews) - Malaysia's economic contraction eased in the third quarter, in line with the global economic recovery, suggesting that the economy is likely to recover from the recession soon.
Gross domestic produc...
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News: BoJ Holds Key Rate, Raises Economic View; Govt Declares Deflation 11/20/09 03:24 am
(RTTNews) - Friday, the Bank of Japan announced its decision to maintain its key interest rate at a level close to zero and raised its economic assessment given the recent improvements in the economic conditions. Meanwh...
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News: European Economics Preview: German Producer Price Data Due 11/20/09 01:15 am
(RTTNews) - Major statistical reports scheduled for release on Friday include producer price inflation report from Germany and industrial orders data from Italy.
At 2:00 am ET, Germany's Federal Statistical Offi...
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News: New Zealand Dollar Tumbles On Weak Equities 11/19/09 11:27 pm
(RTTNews) - Friday in Asia, the New Zealand dollar plummeted against its major counterparts as Asian equities extended a global slump, reducing demand for higher-yielding currencies.
The NZ dollar plunged to a ...
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News: Belgian Prime Minister Herman Van Rompuy Named First EU President 11/19/09 05:20 pm
(RTTNews) - European leaders attending a summit in Brussels on Thursday named Belgian Prime Minister Herman van Rompuy as the first permanent president of the European Commission, a post created by the recently adopted ...
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News: Fed's Fisher: "Too-Big-To-Fail" Must Be Addressed 11/19/09 04:50 pm
(RTTNews) - Dallas Federal Reserve President Richard Fisher said Thursday that full global financial stability would not be achieved until the issue of "too-big-to-fail" is addressed.
Speaking at the conclusion ...
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News: Reid And McConnell Engage In War Of Words Over Health Care Reform 11/19/09 03:47 pm
(RTTNews) - One day after Senate Majority Leader Harry Reid's, D-Nev., $848 billion health care reform plan was made public, the war of words between Democrats and Republicans over the bill continued.
The 2,074-...
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News: Senate Homeland Security Committee Launches Ft. Hood Attack Investigation 11/19/09 03:42 pm
(RTTNews) - The Senate Homeland Security and Governmental Affairs Committee Thursday launched an investigation into the recent massacre at Fort Hood.
Sen. Joe Lieberman, I-Conn., the chairman of the committee, s...
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News: Geithner: More Work To Be Done To Build Strong Financial System 11/19/09 11:21 am
(RTTNews) - Treasury Secretary Timothy Geithner said Thursday that the U.S. has a long way to go to ensure a full economic recovery and guarantee that last year's financial collapse will not happen again in the future.<...
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News: Philly Fed Index Shows Much Bigger Than Expected Increase In November 11/19/09 11:12 am
(RTTNews) - Activity in the mid-Atlantic region's manufacturing sector is picking up in November, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, with the index of activity in the...
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News: Leading Indicators Index Increases For Seventh Straight Month In October 11/19/09 10:30 am
(RTTNews) - While the Conference Board released a report on Thursday showing a continued increase in its leading economic indicators index in the month of October, the increase by the index was slightly smaller than eco...
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News: New Jobless Claims Come In Unchanged, Remain Above 500,000 11/19/09 09:18 am
(RTTNews) - Thursday morning, the Labor Department released its report on first-time claims for unemployment benefits in the week ended November 14th, showing that initial jobless claims came in unchanged.
The r...
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News: UK Retail Sales Grow At Fastest Annual Rate In 17 Months 11/19/09 08:25 am
(RTTNews) - Retail sales in the UK rose at their fastest pace in seventeen months in October, suggesting that the British economy may exit from recession in the fourth quarter. Separate data showed that public sector ne...
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News: OECD Raises 2010 GDP Growth Outlook; Sees China Leading Global Recovery 11/19/09 07:54 am
(RTTNews) - Thursday, the Organization for Economic Co-operation and Development sharply raised its combined growth forecast for its 30 member nations. But, the global recovery led by China is still too timid to halt th...
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News: Obama Winds Up Asia Tour Urging North Korea To Return To Nuclear Talks 11/19/09 07:45 am
(RTTNews) - In a clear message to North Korea that the door is still open for resolving the dispute over its nuclear program, United States and South Korea urged Pyongyang to return to international nuclear negotiations...
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News: European Economics Preview: UK Retail Sales, Public Sector Finance Reports Due 11/19/09 02:01 am
(RTTNews) - A slew of statistical reports are due from Europe on Thursday. Among the major reports, retail sales and public sector finances from the United Kingdom are expected to dominate the scene.
At 2:15 am ...
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News: Panel Recommendation To Reduce Mammograms Sparks Controversy 11/18/09 02:19 pm
(RTTNews) - A federal health panel's recommendations to reduce the number of mammograms performed on women over 40 sparked controversy in Washington on Wednesday.
The U.S. Preventive Services Task Force recently...
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News: Kanjorski Seeks To End "Too Big To Fail" Financial Firms 11/18/09 01:46 pm
(RTTNews) - Rep. Paul Kanjorski, D-Penn., Wednesday unveiled an amendment to financial regulation reform legislation before the House Financial Services Committee aimed at ending the problem of firms that have become "t...
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News: Holder Defends Decision To Hold Civilian Trials For 9/11 Suspects In U.S. 11/18/09 12:15 pm
(RTTNews) - Attorney General Eric Holder testified before the Senate Judiciary Committee Wednesday, defending his decision to allow five September 11th terrorist suspects, including alleged mastermind Khalid Sheikh Moha...
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Christian Leaders Unveil "Call...
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