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As a result of the Dodd-Frank Act enacted by US Congress, a new regulation prohibiting US residents from trading over the counter precious metals, including gold and silver, will go into effect on Friday, July 15, 2011, Forex.com report.
Industrial output index was revised up to 1.3 pct m/m for March from 1.1 reported in preliminary reading while capacity utilization index was up 1.3 pct to 92.
Japan's PM Noda said that BoJ should take bold and appropriate action to beat deflation and tackling stronger yenHowever BoJ's Shirakawa remained cautious on the issue and said it quite clearly that monetary policy alone can't beat deflation and could backfire with unwarranted ...
Japanese economy expanded by 1.0 pct q/q in Jan-Mar quarter, little more than 0.9 pct expected by economistsRising consumer spending, post-quake rebuilding and good export performance helped the economy to bounce back form 0.
Gonzalez-Paramo said that ECB needs to remain flexible in using both standard and non-standard measures He also said that banks should be rigid to keep inflation in check He added that the EZ should put a lot of effort into creating a single authority to deal with troubled banks in the blocQuotes&...
Fed keeps door open to a fresh round of monetary stimulus, citing downside risks to economy Minutes of March meeting had said "a couple" members thought more stimulus might be needed.
Greece banks will get 18 bln euors support fund by next week for interim capitalization of four big banks Hellenic Financial Stability Fund's head added aid that the procedures to allocate funds will be completed by next week In late April the govt gave the go-ahead to the HFSF to provide the four ...
Barack Obama told lawmakers that he will work with both sides on balanced approach towards debt reduction - White House White House added that Obama said would not permit another down-to-the-wire debt ceiling crisisQuotes"The president made clear ...
ECB confirmed a Reuters report saying it has stopped providing liquidity to some undercapitalized Greek banks ECB official said "Pending the recapitalization of Greek banks that are severely undercapitalised as a result of the recent PSI operation, some of the Greek banks have been moved to Emergen...
SNB's Jordan said providing financial institutions the access to cbank funding might be dangerous He said Central banks need to use emergency measures very carefullyQuotes "It is a very, very dangerous issue because if you open up central bank liquidity to everybody and if you have a confidenc...
Canada's Fin Min said that stoppage of liquidity by ECB to some undercapitalized Greek banks is not a good news He said current crisis is turning point for EZ, and the fundamental issue is whether they wish to keep EZ together He also said that Canadian banks are strong but t not completely immune ...
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