Oil prices dropped Monday as investors paid close attention to speeches from Federal Reserve officials for clues on monetary policies. New York Fed President William Dudley on Monday defended the Fed's decision not to trim its massive ...
Tags: Oil Prices, Fed Tapering Fears
The local sharemarket fell in cautious trade yesterday before US Federal Reserve chairman Ben Bernanke's testimony to US congress and the release overnight of the minutes of this month's Fed board meeting. The benchmark S&P/ASX 200 closed ...
Tags: Sharemarket, Bernanke, US Congress
The Federal Reserve Bank of New York (New York Fed) has completed the sale of the remaining securities in the Maiden Lane III (ML III) portfolio. The apex banking regulator said that it garnered a net gain for the benefit of the public of ...
Tags: New York Fed, remaining securities, Maiden Lane III, finance
The Federal Reserve Bank of New York is all set to dispose more than $7bn in face value of “toxic” securities related to the government bailout of American International Group (AIG). The central bank of the US has planned to ...
Tags: NY Fed, face value, government bailout, insurance, AIG
The Federal Reserve Bank of New York has sold over $4bn of packaged mortgage debt, further reducing a portfolio of assets associated with the bailout of Dutch insurer American International Group (AIG). Since the sales of the securities ...
Japanese stocks rose, with the Nikkei 225 (NKY) Stock Average rising the most in two weeks, after a North Korean rocket launch failed and Fast Retailing Co. Forecast record profit. Shares pared gains as slower growth in China tempered ...
Tags: market view, robotics
Manufacturing in the New York region unexpectedly expanded in November, as measures of shipments and the employee workweek improved. The Federal Reserve Bank of New York’s general economic index rose to 0.6, the first positive reading ...
Tags: market view, heavy machinery