FED COULD RAISE INTEREST RATES THIS YEAR May 9, 2012 RECENT improvements in the US economy should mean the Federal Reserve’s next policy move will be to raise interest rates, possibly by the end of the year, Minneapolis Fed president Narayana Kocherlakota said yesterday. “I would say in six to nine months we should begin to be thinking about initiating our exit strategy,” he explained.
RAPID RESPONSES May 9, 2012 Facebook’s trials [Re: Is Facebook’s estimated market value excessively high?, Tuesday] Facebook is often compared to Microsoft. They’re both hugely successful companies that tens of millions use, but which few really love (in contrast to Apple). Facebook has shown impressive growth in revenues and profitability, but to become a $100bn company it must face two [...]
Asian growth boosts profit at Deutsche Post May 8, 2012 Deutsche Post DHL said it was upbeat on the rest of the year yesterday after new contracts and demand for express delivery services in Asia helped it beat expectations for sales and profit in the first quarter. “There is still very healthy growth [in Asia] and we are profiting from that because we are still [...]
RAPID responses May 7, 2012 King looks coy [Re: Mervyn King should have hiked rates to deflate the bubble, Thursday] Mervyn King does seem self-contradictory when he describes growth before 2008 as a bust without a boom. But much of the financial bubble was “offshore,” outside the direct control of central banks. Specifically, much London banking involved transactions in dollars, [...]
Mervyn King should have hiked rates to deflate the bubble May 3, 2012 SIR Mervyn King, the governor of the Bank of England, is not one for mea culpas. His speech last night was an extraordinary defence of his record in office – and a largely unfair attack on his detractors, ignoring their intellectual arguments and questioning their motives. He did admit that he should have done more [...]
Cisse wonder goal halts Chelsea’s top-four bid May 2, 2012 Striker continues scoring streak to inspire Newcastle victory CHELSEA 0 vs NEWCASTLE 2 CHELSEA manager Roberto di Matteo admits his side’s hopes of qualifying for the Champions League hinge on winning the trophy after Newcastle, and Papiss Cisse’s goal of the season contender, tore their top-four hopes to ribbons. Red-hot Cisse’s extraordinary double, capped by [...]
Mervyn King should have hiked rates to deflate the bubble May 2, 2012 SIR Mervyn King, the governor of the Bank of England, is not one for mea culpas. His speech last night was an extraordinary defence of his record in office – and a largely unfair attack on his detractors, ignoring their intellectual arguments and questioning their motives. He did admit that he should have done more [...]
Greenspan bullish on stocks yet warns over house slump May 2, 2012 ALAN Greenspan, previously head of the US Federal Reserve, said yesterday that equities remain good value, yet warned that the housing slump is weighing on America’s recovery. “Stocks are very cheap,” Greenspan said, “There is no place for earnings to grow except into stock prices.” But Greenspan warned that the US housing sector is “going [...]
FED OFFICIAL CALLS FOR SHADOW BANK RULES May 2, 2012 US REGULATORS should take steps to strengthen government oversight of money market funds and short-term bank funding markets so that the “shadow” banking system can be better policed, said Fed governor Daniel Tarullo yesterday.
Manufacturing figures boost US growth hope May 1, 2012 HOPES for a healthy economic recovery were kept alive in the US yesterday as new data showed a manufacturing rebound in April, after two months of slowing growth. Rising growth hopes also led Atlanta Fed president Dennis Lockhart to say he does not think more quantitative easing is needed. Factory output accelerated in the month [...]