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Everybody hates the Fed

Everybody hates the Fed By Saumyatanu Mukherjee, senior writer December 10, 2010: 3:10 PM ET NEW YORK (forexfounders.com) -- The Fed is taking heat from just about everyone lately. Federal Reserve Chairman Ben Bernanke has been under such fierce attack that he made an unusual appearance on "60 Minutes" Sunday to...

China interest rate hike may be imminent: state media

China interest rate hike may be imminent: state media   China may raise interest rates as early as the end of this week after Beijing pledged to tighten its monetary policy in 2011 to fight inflation, state media reported Tuesday. There is a "sensitive policy window" for a rate hike this weekend, before the release on Monday of key economic indicators for November, including the consumer inflation reading, the ...

European stocks mostly head higher

European stocks mostly head higher   Europe's main stock markets mostly rose on Thursday as investors took a breather over the eurozone debt crisis while awaiting the Bank of England's latest decision on interest rates. Approaching midday trade, London's FTSE 100 index was up 0.35 percent at 5,814.55 points. Frankfurt's DAX 30 index dipped 0.04 percent to 6,973.29 points and in Paris the CAC 40 grew 0.53 percent to 3,852.19 points.

FTSE rises in morning trade

FTSE rises in morning trade   London's main stock market rose on Thursday as investors took a breather over the eurozone debt crisis while awaiting the Bank of England's latest decision on interest rates. Approaching midday trade, the FTSE 100 index was up 0.35 percent at 5,814.55 points. "Markets are just tracking higher slowly but surely as finally investors are no longer focusing on the doom and gloom scenario...

Bank of England keeps record low rates

Bank of England keeps record low rates The Bank of England voted on Thursday to keep its key interest rate at a record low 0.50 percent amid expectations that Britain's robust economic recovery will slow next year. BoE policymakers also decided to maintain the size of the central bank's stimulus programme at 200 billion pounds (238 billion euros, 315 billion dollars). Both announcements had been widely...

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Franc Rises as ECB Meeting Doesn’t Provide Solution to Problems Friday, December 03, 2010 5:28 AM The Swiss franc gained against the euro as the meeting of the European Central Bank’s policy makers failed to provide the solutions to the European sovereign-debt crisis. The currency also rose versus the US dollar after the report showed that the US jobless claims rose more than expected. The claims for...