Central Banks

Dollar falls on business spending, euro eases on Greece

Photo

NEW YORK - Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday and gave Federal Reserve policymakers even less reason to raise near-zero interest rates any time soon.

Factbox - Greek banks on liquidity drip-feed while Athens haggles with creditors 23 Apr 2015

ATHENS - Greece's banks have been leaking deposits since political turmoil hit the country in December. As a result, they are dependent on emergency liquidity assistance from the Bank of Greece, while Athens haggles with its creditors over reforms.

Photo

ECB's Praet urges countries to reform for recovery to last 23 Apr 2015

BERLIN - Countries in the euro zone need to reform in order for the economic recovery to become a lasting one, the European Central Bank's chief economist said on Thursday, saying one such step would be to loosen regulation for employers.

Greece may ask Europe to buy bonds to pay for redemptions - paper 23 Apr 2015

ATHENS - Greece is considering asking the European Stability Mechanism (ESM) to buy Greek government bonds held by the European Central Bank (ECB) to pay for debt redemptions this summer, newspaper Kathimerini reported on Thursday.

Photo

Fed eyes ability of asset managers to repay in a panic 23 Apr 2015

WASHINGTON/NEW YORK - Sections of the U.S. financial system that may be vulnerable to investor panic are raising concerns inside the Federal Reserve, as policymakers preparing for the first interest-rate hike in nearly a decade seek to ensure that the market is ready and able to handle it whenever it happens.

Photo

Global growth outlook steady despite oil fall, stimulus burst 22 Apr 2015

LONDON/BENGALURU - A collapse in oil prices that gave a windfall to the world's energy consumers and a flurry of policy easing from central banks might have been expected to brighten the outlook for global economic growth.

Photo

U.S. economy to rebound in second quarter; strong dollar a threat 22 Apr 2015

WASHINGTON - U.S. economic growth is set to rebound in the second quarter, but a strong dollar could slow momentum and push the first interest rate hike from the Federal Reserve to later this year, a Reuters poll found.

Photo

No Bank of England rate rise until early 2016 22 Apr 2015

- The Bank of England will wait until early 2016 before raising interest rates, but with economic growth forecast to stay steady and inflation below target, even then it is a close call, according to a Reuters poll of economists.

Photo

Bank of England upbeat on euro zone, eyes inflation pressures - minutes 22 Apr 2015

LONDON - Bank of England policymakers struck a more bullish tone on the euro zone and the prospects for higher inflation in their latest set of policy minutes on Wednesday, pushing sterling higher, though a rate rise still appears some way off.

Photo

BOJ to cut this fiscal year's CPI forecast, keep upbeat outlook - sources 22 Apr 2015

TOKYO - The Bank of Japan is likely to cut its inflation outlook for the current fiscal year next week, but will forecast price growth to roughly reach 2 percent in the following two years, sources said, underscoring the BOJ's conviction that a steady recovery will keep the economy on track to hit the target.