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A collection of news and information related to Central Bank published by this site and its partners.
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As stocks hit new highs, is the market overheating?
NEW YORK -- Wall Street will be watching Ben Bernanke's testimony before Congress on Wednesday, hoping the Federal Reserve chairman will offer clues as to when the central bank may begin turning off its spigot of easy money. Investors will also be...Tags: Money and Monetary Policy, Federal Reserve, U.S. Congress, Ben Bernanke, Stock Market
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Eurozone economy shrinks in first quarter, marking longest recession
This post has been corrected. See the note below for details.WASHINGTON -- The Eurozone economy contracted 0.2% in the first three months of the year compared with the previous quarter, marking the region's longest recession since its single currency was created in 1999. The 17-nation Eurozone now has been in...Tags: Productivity, Italy, Money and Monetary Policy, European Central Bank
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Stock market rises back into record territory
The stock market marched back into record territory as investors seized on the latest encouraging news about the economy. On Tuesday, it was a report on the health of small businesses. Small business owners were slightly more optimistic in April,...
Tags: Sony Corp., Economy, Business and Finance, Upstream Oil and Gas Activities, Federal Reserve, Small Businesses
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Bloomberg in damage-control mode over client snooping
Officials at Bloomberg, the New York financial news and information service, scrambled to deal with an unfolding customer privacy scandal after admitting its journalists had snooped on business clients for years through its network of terminals ubiquitous...
Tags: Investments, Economy, Business and Finance, Federal Reserve, U.S. Department of the Treasury, Michael Bloomberg
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Europe could drop interest rate below zero on excess bank deposits
WASHINGTON -- The European Central Bank could reduce the interest rate it pays on excess bank deposits to below zero to boost growth in the recession-plagued region, a top official said. The comments over the weekend by Italian Central Bank chief...
Tags: Money and Monetary Policy, Banking, Economy, Business and Finance, Federal Reserve, European Central Bank
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European Central Bank cuts key interest rate to fight recession
WASHINGTON -- The European Central Bank on Thursday lowered its key interest rate to a record low level in an effort to spur economic growth in the recession-plagued Eurozone. The central bank's policymakers lowered its main refinancing rate by 0.25...
Tags: Labor Markets, Mario Draghi, Employment Opportunities, Economy, Business and Finance, Money and Monetary Policy
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Fed is open to altering bond policy
WASHINGTON — Federal Reserve policymakers signaled for the first time that they could "increase or reduce" their controversial efforts to stimulate the economy in the future, but for now they're holding pat. After a two-day policy meeting, the...
Tags: Labor Markets, Employment Opportunities, Money and Monetary Policy, Economy, Business and Finance, Federal Reserve
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Are your mortgage modification terms worth continuing payments?
Financially strapped homeowners who are close to foreclosure may want to face the music now rather than continuing to struggle with their monthly payments. There's a high probability of losing the house anyway, even with the government's help. According...
Tags: Economy, Business and Finance, Federal Reserve, Mortgages, Financial and Business Services, U.S. Department of the Treasury
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Federal Reserve officials stay course on stimulus, interest rates
WASHINGTON -- Federal Reserve policymakers said Wednesday they would continue their stimulus efforts and hold steady on rock-bottom interest rates, but announced no new actions as the economy appeared headed for another spring slowdown. After a two-...
Tags: Labor Markets, Employment Opportunities, Money and Monetary Policy, Economy, Business and Finance, Federal Reserve
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Eurozone's unemployment climbs to 12.1%, a fresh record high
WASHINGTON -- The Eurozone's unemployment rate hit a record high of 12.1% in March as the region continued to struggle with recession, government officials said Tuesday. The seasonally adjusted jobless rate for the 17-nation group topped the previous...
Tags: Labor Markets, Employment Opportunities, Economy, Business and Finance, European Union, Federal Reserve
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Dow continues to sizzle, topping 15,000 for the first time
NEW YORK — Another day, another milestone on Wall Street. The red-hot Dow Jones industrial average barreled past 15,000 to close Tuesday at its highest point in history. It marked the 16th record close for the blue-chip index this year and...
Tags: Earnings, Labor Markets, Walter Hamilton, Economy, Business and Finance, Federal Reserve
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Dow closes above 15,000 for first time [video chat]
NEW YORK -- The Dow Jones industrial average on Tuesday closed above 15,000 points for the first time, clearing a psychological hurdle as stocks continue a strong rally this year. It was only three months ago when the Dow, the iconic blue-chip index for...
Tags: Money and Monetary Policy, ING Group, Federal Reserve, Stock Market, Credit Ratings
May 20, 2013
|Story| Los Angeles Times
May 15, 2013
|Story| Los Angeles Times
May 14, 2013
|Story| AP Member Choice Complete
May 14, 2013
|Story| Los Angeles Times
May 13, 2013
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May 2, 2013
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May 1, 2013
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May 10, 2013
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May 1, 2013
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Apr 30, 2013
|Story| Los Angeles Times
May 7, 2013
|Story| Los Angeles Times
May 7, 2013
|Story| Los Angeles Times
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