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05 Nov 2009 04:36
, Nov 05 07:22, Nov 05 12:22, Nov 05 21:22Bank of England Raises Bond-Purchase Plan to $331 Billion, Maintains Rate The Bank of England raised its bond- purchase plan by 25 billion pounds ($41 billion), the third increase since March, as policy makers try to cement Britain’s recovery from its longest recession on record.
Fed Signals Return to Growth Alone Doesn't Warrant Interest-Rate Increase Federal Reserve officials signaled a return to economic growth alone won’t warrant higher interest rates, saying an increase will instead depend on when the labor market and inflation pick up.
Stocks, Commodities Fall as Bonds and Yen Climb Before ECB, BOE Decisions Stocks and commodities fell while the yen and government bonds rose as investors weighed when central banks will withdraw stimulus measures after the Federal Reserve signaled no change in its monetary policy.
UBS Gets Fewest `Buys' Among Biggest Banks as Analysts Fret, Clients Flee UBS AG, the Swiss bank that posted a fourth straight quarterly loss this week, ranks lowest among Europe’s largest lenders in the estimation of industry analysts.
JPMorgan Deal Arranging Alabama Swap Supplied Rolex, Shoes to Politicians JPMorgan Chase & Co.’s Charles LeCroy explained to a colleague in 2003 how he planned to keep his job as the chief bond banker to Jefferson County, Alabama.
BNP Paribas Third-Quarter Net Rises 45% on Fortis Assets, Investment Bank BNP Paribas SA, France’s largest bank, said third-quarter profit rose 45 percent, helped by the purchase of Fortis assets and a rebound at the investment bank.
Default Rate Rises to Highest Level Since Great Depression, Moody's Says The global speculative-grade default rate rose to 12.4 percent in October, surpassing the record set in 1991 for the highest proportion of defaults since the Great Depression, according to Moody’s Investors Service.
Obama Bid for Progress in Middle East Peace Talks Dealt Setback, Arabs Say The Obama administration’s effort to end the Middle East conflict has suffered a setback, the Arab League said at the United Nations after Secretary of State Hillary Clinton assured Egyptian leaders of the U.S. commitment.
Taxpayers May Shift Income to 2009 as U.S. Government Seeks Stimulus Cash The U.S. government is spending $787 billion to stimulate the economy, the deficit is $1.4 trillion and Congress is debating costly changes to health care. The taxpayers’ bill to pay for it isn’t far behind.
UN Moves About 600 Staff in Afghanistan After Five Killed in Taliban Raid The UN will move about 600 of its international staff members in Afghanistan, removing some from the country, following an Oct. 28 attack by Taliban militants that killed five of the agency’s workers in a Kabul guesthouse.
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