Category Archives: Economic
ECB Chief Says Bank Helped Avert Disaster
By GEOFFREY T. SMITH DAVOS, Switzerland—European Central Bank President Mario Draghi told the World Economic Forum on Friday that the ECB’s actions in December had averted financial disaster, and cited evidence of
Stocks jump over US Fed low rate pledge
The stock has market bounced to its highest close since last spring after the Federal Reserve pledged to keep interest rates near zero for almost three more years. Bond yields dropped sharply,
Rupee and the bears
THE result of headless-chicken financial markets or a canary in the coal mine? India is grappling with this question. On November 22nd the rupee fell to an all-time low against the dollar.
Text of Obama’s State of the Union address
By MarketWatch The following is the full text of U.S. President Barack Obama’s 2012 State of the Union address: Mr. Speaker, Mr. Vice President, members of Congress, distinguished guests, and fellow Americans:
Obama calls for economy ‘built to last’
In remarks that advance the theme of his re-election campaign to help the middle class, Obama said on Tuesday he planned to help homeowners trapped in debt, students struggling to pay for
