Central Banks

Global shares falter as Wall Street tumbles; bond prices fall


NEW YORK - Global equity markets fell on Wednesday, reversing earlier gains driven by solid corporate earnings and mild U.S. inflation data that may let the Federal Reserve keep interest rates lower for longer, as U.S. stocks retreated after some big corporate names sold off.


U.S. inflation muted in September as energy costs drop 22 Oct 2014

WASHINGTON - U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while.


BoE's Bailey - too late to revise allowances for 2014 bank bonuses 22 Oct 2014

LONDON - It is too late to change the allowances paid to top banking staff that have been deemed to breach European Union law, a senior Bank of England official said on Wednesday.


Eyes on growth numbers after BoE minutes hurt sterling 22 Oct 2014

LONDON - Sterling fell around half a percent against a stronger dollar on Wednesday after Bank of England minutes showed policymakers were firmly against raising interest rates when they met earlier this month.


Pimco's banking expert expects 18 lenders to fail ECB stress test 22 Oct 2014

LONDON - Fixed income investment firm Pimco's global banking specialist, Philippe Bodereau, expects 18 banks will be seen to have failed the European Central Bank's stress test of 130 regional lenders when results are published by the ECB on Sunday.


ECB cools speculation over bank health checks ahead of results 22 Oct 2014

MADRID/VIENNA - The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares lower.


Bank of England minutes add to signs rate hike on back burner 22 Oct 2014

LONDON - Most Bank of England policymakers are firmly against raising interest rates, seeing little evidence of inflation pressures while the slowing euro zone poses growing risks, minutes of their latest meeting showed.

Austria's Erste denies report it has failed stress tests 22 Oct 2014

MADRID/VIENNA - Austria's Erste Bank rejected a report that it was one of at least 11 banks that had failed the European Central Bank's landmark health check, while other banks named by Spanish newswire Efe did not comment.


Quiet critic of Kuroda's 'monetary shamanism' turns up the volume 22 Oct 2014

TOKYO - Izuru Kato is a soft-spoken and bookish economist, but his dismissal of the Bank of Japan's stimulus policy as "monetary shamanism" is ringing loud in the ears of bank Governor Haruhiko Kuroda.


China central bank seen playing safe as slowdown fans policy debate 22 Oct 2014

BEIJING - China's central bank is likely to hold its line against an interest rate cut even as growth slows to a quarter-century trough, as the politics of reform influence the conduct of monetary policy, government sources involved in internal policy discussions say.