Topic: Central Banking
Bernanke's Congress hearing put off due to weather
Reuters US Online Report Politics News
WASHINGTON (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke's scheduled testimony before Congress on Wednesday has been postponed due to inclement weather, the House of Representatives Financial Services Committee said on Tuesday. The hearing has not been rescheduled, the committee said. A weekend snowstorm closed government offices on Monday ...
Greece leads European stocks higher on rescue hope
AP News
Greece leads European, US markets higher on hopes of EU support amid debt crisisGreek stocks led European and U.S. markets higher on Tuesday on hopes that EU officials will provide the region's most heavily indebted economies with some form of support to keep the market crisis at bay ...
Greek bailout speculation lifts euro
Reuters US Online Report Business News
LONDON (Reuters) - The euro rose on Tuesday on speculation that European Union nations could bail out errant member Greece, while global stocks were flat and emerging market shares climbed. Expectations about a rescue for Greece followed news that European Central Bank President Jean-Claude Trichet was leaving a meeting of central ...
Fed's Dudley: Financial reform needs global scope
Reuters US Online Report Business News
WASHINGTON (Reuters) - A revamp of the financial system needs to be global in nature to prevent a repeat of the worst financial crisis in some 70 years, a top Federal Reserve policy maker said on Monday. "Although the raging crisis appears to be over, our work is not close to ...
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