The surprising news that Larry Summers has withdrawn his bid to become the next chair of the US Federal Reserve has opened up the big question of who should lead America’s central bank. The new front runner…
Indian Finance Minister P. Chidambaram is facing high inflation, an annual trade deficit of US$200 billion and a falling rupee.
AAP
The Indian economy is in trouble. The anticipated tapering of the US Federal Reserve’s aggressively expansionary quantitative easing program has seen a drying up of capital inflow into a country with a…
A US inquiry is questioning Lynn Tilton and her firm Patriarch Partners over its relationship with an ex-Army official, Norbert E Vergez.
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US reports have recently circulated of a government probe into the hiring of former Colonel Norbert Vergez by the private equity firm Patriarch Partners, headed by billionaire “turnaround queen” and would-be…
Fabrice Tourre, a former trader for Goldman Sachs, walks out of the United States Federal Court after being found liable for defrauding investors.
AAP
Echoes of the Global Financial Crisis resonate while debate continues on the best way of dealing with its consequences, including the actions taken by the Europeans and Americans to counter its effects…
Global markets have experienced sharp sell-down off fears of a wind-down in US quantitative easing.
AAP
The response to US Federal Reserve Ben Bernanke’s comments about the possibility of ending its policy of quantitatitive easing has helped evoke a global sell-off as markets question his upbeat assessment…
The US Federal Reserve has made explicit the economic targets it wants to reach through its monetary policy.
AAP
The announcement by the US Federal Reserve Bank that it would link its monetary policy to the achievement of specific economic targets beyond inflation is a new development in its approach to policy. In…
The US Federal Reserve has extended its bond-buying program, but will it be effective in boosting the economy?
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In an attempt to bolster the economy, the Federal Reserve announced a fresh round of bond purchases to replace Operation Twist, the stimulus program that is set to expire this month. It will spend $US45…
Publishing long-term interest rate projections can allow the Reserve Bank to operate with greater transparency.
AAP
Shaun Vahey, Australian National University and Liz Wakerly, Australian National University
Today, all eyes will be on the Reserve Bank amid speculation that the cash rate will be eased by at least 25 basis points. The RBA has often faced pressure from politicians and business leaders to reduce…
Greg Smith’s expose on Goldman Sachs could reframe the debate on regulatory reform - but is business media on board?
AAP
The worst damage to the Goldman Sachs franchise from the extraordinary attack on its corporate culture by a mid-level former employee comes from its clinical execution. With exquisite timing, Greg Smith’s…
Bank of England Governor Mervyn King has warned UK banks to prepare for the worst.
Bank of England Governor Mervyn King has called on British banks to lift their capital reserves, hold off on paying dividends and cut bonuses amid growing fears about Europe’s economic stability. King’s…
US House Speaker John Boehner wants government programs cut: but is austerity politics the answer?
AAP
For some time, it appeared that the severity of the global financial crisis had created a compelling “learning moment” that promised to return the world to a more civilised form of capitalism. Insufficient…
There is economic reasoning behind Glenn Stevens’s low public profile.
AAP
Late last month, Ben Bernanke held the first ever press conference by a chairman of the US Federal Reserve Bank. For more than an hour, he took questions about the Federal Open Market Committee’s decision…