Obama Says Reid Will Help Continue Policies Fixing U.S. Economy
President Barack Obama said Harry Reid will help continue policies that are turning around the economy and helping working families as he campaigned in Nevada for the top Senate Democrat’s re-election campaign.
Geithner says US taxpayers recovering government bailout investment
WASHINGTON – Members of a watchdog panel on Tuesday pressed Treasury Secretary Timothy Geithner on looming losses for banks and foreclosure relief
Moody’s says NZ banks reliant on wholesale funding
Moody’s Investors Service says New Zealand banks remain resilient, but rely more than other banks on wholesale funding. The credit rating company held a presentation in Wellington today at which it cited strong support from highly rated Australian parent banks and New Zealand’s sovereign credit rating as positive factors for the ratings of New Zealand banks. It declined to comment on whether it …
Policy rates need to rise, says Gokarn
Interest rates will only rise in the coming months with the Reserve Bank of India stating it will not digress from the trajectory of monetary tightening set last year.
China May Raise One-Year Bill Yields to Entice Funds, CICC Says
May 24 (Bloomberg) — China’s central bank may offer higher yields on one-year bills this week for the first time in four months to bolster investor demand amid rising money-market rates, according to China International Capital Corp.
(AFX UK Focus) 2010-04-19 12:48 India cbank says policy focus to contain inflation
MUMBAI, April 19 (Reuters) – India’s central bank said on Monday, a day before its annual monetary policy announcement where it is widely expected to further tighten the policy, the weight of policy balance may have to shift to containing high inflation. “While recovery in private demand needs to be stronger to reinforce the growth momentum, the already elevated headline inflation suggests that …
Pa. woman sues bank, says its contractor took parrot from home during wrongful repossession
PITTSBURGH – A Pittsburgh-area woman is suing Bank of America, claiming it wrongfully repossessed her home and saying that a bank contractor trashed the house and took her parrot.
