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Ford Motor Co is set to announce it is closing its two Australian auto plants and will cease production in the country by 2016 as it struggles with sliding sales, high costs and a strong...
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The European Central Bank could expand its monetary policy toolkit if needed to respond to threats to price stability, and must ensure the euro zone economy does not enter a downward spiral, ECB...
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Below are highlights of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday.
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Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday.
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Bank of Japan Governor Haruhiko Kuroda said on Wednesday that the central bank would closely monitor moves in the government bond market and respond with flexibility in its purchases of government...
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The Bank of Japan kept policy steady despite concerns over recent volatility in bond market, saying growth is starting to pick up.
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Two senior Federal Reserve officials on Tuesday played down the chances that the U.S. central bank would signal a readiness to reduce its bond buying at its meeting next month, dampening...
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Two senior Federal Reserve officials on Tuesday played down chances that the U.S. central bank would signal a readiness to taper bond buying at its meeting next month, dampening speculation the...
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An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain's finance ministry says.
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The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation and overly high...
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The European Central Bank will keep its loose and growth-supportive monetary policy stance in place for "quite a long time", ECB executive board members said on Friday.
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Japanese Prime Minister Shinzo Abe, unveiling the latest tranche of his growth strategy on Friday, set targets to triple infrastructure exports, double sales of agriculture products overseas and...
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The European Central Bank could use its new supervisory role from next year to single out weak banks and make it harder for them to get its financial support, people familiar with the matter say.
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The Richmond Fed president said an improving housing market suggests it is time for the central bank to stop aiming its stimulus at the sector.
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Japan's economy grew faster than expected in January-March, expanding at its quickest pace in a year on the back of solid private consumption and a rise in exports spurred by Prime Minister Shinzo...
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Japan's economy grew faster than expected in January-March, expanding at its quickest pace in a year on the back of solid private consumption and a rise in exports spurred by Prime Minister Shinzo...
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Investors are becoming increasingly picky about which bonds and stocks they buy in Southeast Asia's fast-growing economies as the risk of policy bungling makes them more discerning.
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Barclays Plc , the first bank to settle with authorities over alleged manipulation of the Libor interest rate, on Monday won the dismissal of a U.S. lawsuit by shareholders who claimed they lost...
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Prices for U.S. Treasuries added to losses on Monday after data showed retail sales for April unexpectedly rose.
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Investors convinced China's currency is once again a one-way bet upward should think again: signs of slowing economic growth could cut short the yuan's rally.
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Group of Seven finance officials agreed on Saturday to press on with measures to deal with failing banks and gave a green light to Japan's efforts to galvanize its economy.
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Japanese long-term interest rates should not shoot higher as a result of money flowing out of government bonds, Bank of Japan Governor Haruhiko Kuroda said on Saturday.
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Major central banks did not face calls to do more to boost the world economy when Group of Seven finance officials met on Saturday, European Central Bank President Mario Draghi said.
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Group of Seven finance officials agreed on Saturday to press on with measures to deal with failing banks that do not land taxpayers with the bill, British finance minister George Osborne said.
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China's foreign exchange regulator will this month simplify the rules governing foreign direct investment (FDI), the latest step towards deregulation and market reform under China's new leadership.
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Peregrine Financial Group's bankruptcy estate may have "viable" claims against JPMorgan Chase & Co and U.S. Bancorp for harm done to clients of the now-failed brokerage, and may pursue them in...
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U.S. Federal Reserve Chairman Ben Bernanke said on Friday that requiring big banks to hold more and higher quality capital could help address the "too-big-to-fail" problem in a way that stops...
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Russell Wasendorf Jr.
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Cyprus' central bank said on Thursday most of the depositors who lost money at bailed-out Bank of Cyprus were from overseas and that Cypriots had not been hit as hard as might have been expected.
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The bailout of Cyprus shows how urgently the euro zone needs to establish a banking union to break the negative feedback loop between weak banks and governments, European Central Bank Executive...
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European Central Bank Executive Board member Joerg Asmussen said on Tuesday recent economic data had been poor but added that he expected the economy to pick up over the course of 2013.
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Citigroup Inc has sued Barclays Plc to recover more than $141 million for providing foreign exchange services to a unit of Lehman Brothers Holdings Inc soon after Lehman's bankruptcy.
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Next to nothing stands in the way of a destabilizing fire sale in a vast part of U.S. financial markets if a dealer were to default, top Federal Reserve researchers warned in a paper that aims to...
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Non-deliverable forwards are used to hedge or speculate against currencies when exchange controls make it difficult for foreigners to trade in the spot market directly.
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Mukesh Kumar Chhaganlal said he tried to warn his manager at UBS AG about the "increasingly unrealistic" currency rates being set last year for the Indonesian rupiah against the dollar.
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Wall Street is looking for the Federal Reserve to buy a total of $1.
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Royal Bank of Scotland is expected to report its first quarterly profit in 18 months on Friday, the fruit of efforts to focus on bread and butter lending and shed the high risk assets that led to...
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It's looking like an unsettling spring in Canadian housing, a market that has proven far more even-keeled and less scary for investors in recent years than in the United States.
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The European Central Bank's decision makers were split over whether to cut or hold interest rates, its head, Mario Draghi, implied on Thursday.
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Extended weak economic activity and tame inflation persuaded the European Central Bank to cut interest rates, ECB President Mario Draghi said on Thursday.
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The European Central Bank cut interest rates 0.25-percentage point to 0.5%, the lowest level on record, to help prop up the eurozone’s ailing economy.
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Traders of short-term interest rate futures continue to expect the Federal Reserve to continue to hold rates near zero for better than two more years, after the U.S. central bank promised to press...
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Inflation in the euro zone has fallen to a three-year low and unemployment hit a new record, cementing expectations of an interest rate cut by the European Central Bank later this week.
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Inflation in the euro zone has fallen to a three-year low and unemployment is at a new record, data showed on Tuesday, raising expectations of an interest rate cut by the European Central Bank to...
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There are still good reasons for countries to join the euro zone, despite its difficulties at the moment, European Central Bank Executive Board member Joerg Asmussen said on Monday.
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Greek lawmakers on Sunday approved a reform law to unlock about 8.
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There are no calls for celebration, no desire to relax in the corridors of Brussels but some officials believe the euro zone has turned a corner, sharpening the focus on longer-term reforms and...
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