Bank of England Governor Mervyn King defended policy makers’ decision to hold interest rates at a record low as he noted risks to the economic recovery from the sovereign-debt crisis in the euro area.
BusinessWeek.com — Finance
Bank of America Corp. said its $ 2.8 billion in accords with Fannie Mae and Freddie Mac, the government-owned firms pushing lenders to repurchase soured mortgages, was a “necessary step” in the housing recovery.
BusinessWeek.com — Finance
Bank of America Corp. said its $ 2.8 billion in accords with Fannie Mae and Freddie Mac, the government-owned firms pushing lenders to repurchase soured mortgages, was a “necessary step” in the housing recovery.
BusinessWeek.com — Finance
Chancellor of the Exchequer George Osborne defended an increase in value-added tax that took effect today as necessary to tackle the U.K.’s record budget deficit, as his opponents warned it would hamper economic growth.
BusinessWeek.com — Finance
French President Nicolas Sarkozy said today that an end of the euro common currency would signal the end of Europe.
BusinessWeek.com — Finance
French President Nicolas Sarkozy said today that an end of the euro common currency would signal the end of Europe.
BusinessWeek.com — Finance
Federal Reserve Chairman Ben S. Bernanke took his defense of the U.S. central bank’s monetary stimulus abroad, saying it will aid the world economy, and implicitly criticized China for keeping its currency weak.
BusinessWeek.com — Finance
Feed
