TOKYO - Asian shares struggled to stay positive on Tuesday after downbeat economic data pressured Wall Street ahead of a key U.S. jobs report that could provide important clues to the timing of the Federal Reserve's interest rate increase.
TOKYO - Bank of Japan Deputy Governor Kikuo Iwata on Tuesday played down any risk that expected interest rate increases by the U.S. Federal Reserve or the Bank of England could pose to financial markets, and dismissed suggestions that the BOJ should raise rates to prevent the yen from falling too fast.
LONDON - As the Bank of England moves closer to raising interest rates for the first time since 2007, the strength of sterling is causing disagreement among its policymakers over when to pull the trigger.
LONDON - New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all links with his previous employer, one of the world's biggest hedge funds, to avoid "any mistaken impression" of a conflict of interest.
ATHENS - Greece will make it a priority to recapitalise the nation's banks by the end of this year, probably using a bail-out fund to plug capital shortfalls, a Greek central bank official told Reuters on Friday.
LONDON - Now that U.S. Federal Reserve chief Janet Yellen has made it clear she's looking out for "some" improvement in the job market before voting for the first Fed interest rate rise in nearly a decade, so is everyone else.
LONDON - The Bank of England will for the first time release a slew of key reports alongside its monthly monetary policy decision on Thursday, meaning investors and the public will have to contend with a flood of information usually released separately.
NEW YORK - As traders, market pundits and economists jaw over whether the Federal Reserve this year will lift its benchmark lending rate for the first time in almost a decade, several corners of the U.S. bond market aren't waiting around.
MOSCOW - Russia's central bank cut its key interest rate by 50 basis points to 11 percent on Friday as expected, saying risks of the economy cooling now outweighed inflation risks.
BRUSSELS - Euro zone inflation was unchanged in July as a further decline of energy prices negated the impact of more expensive industrial goods and services, leaving the European Central Bank with more work to do to push up prices.