Posted by Reuters: Business News on February 1, 2012
GLADWYNE, Pennsylvania (Reuters) – A top Federal Reserve official sharply criticized the U.S. central bank’s decision last week to telegraph ultra low interest rates for nearly three more years, saying on Wednesday the move undermined confidence and caused confusion.
Posted by Reuters: Business News on January 24, 2012
WASHINGTON (Reuters) – The euro zone debt crisis is escalating and could derail the global economic recovery, the International Monetary Fund warned on Tuesday as it called for urgent action to restore confidence.
Posted by Reuters: Business News on January 16, 2012
LONDON (Reuters) – The cruise ship industry faces an uphill task to restore confidence among customers spooked by spectacular images of the stricken Costa Concordia flipped on its side and could suffer a major hit to sales in a key booking period.
Posted by Reuters: Business News on January 13, 2012
TOKYO (Reuters) – Asian shares rose to a one-month high and the euro clung near its strongest in a week on Friday as strong demand in Spanish and Italian debt sales tempered risk aversion ahead of another auction from Rome later in the day.
Posted by Reuters: Business News on January 12, 2012
FRANKFURT (Reuters) – The European Central Bank’s flood of cheap three-year money is helping the euro zone’s banking system substantially and supporting confidence in the bloc’s economy which is showing some signs of stabilization, its president said on Thursday.
Posted by Reuters: Business News on December 22, 2011
BRUSSELS (Reuters) – After two years of turmoil that has shattered confidence in the economics and politics of European monetary union, it would be rash in the extreme to suggest an end is in sight.
Posted by Reuters: Business News on December 21, 2011
TOKYO (Reuters) – Asian shares and the euro eased on Thursday as doubts remained over how much of the funds banks raised from an inaugural long-term European Central Bank tender will actually flow into struggling euro zone economies and help restore confidence.
Posted by Reuters: Business News on December 16, 2011
NEW YORK (Reuters) – Wall Street stocks opened higher on Friday as investors were more attracted to risk assets, with the euro higher and key euro zone bond yields down.
Posted by Reuters: Business News on December 13, 2011
(Reuters) – Avon Products Inc is looking for a new chief executive to replace Andrea Jung, who has lost the confidence of Wall Street after a myriad of problems, including a federal bribery probe and weak sales in key international markets.
Posted by Reuters: Business News on
STRASBOURG, France (Reuters) – Up to 26 European Union countries will finalize a pact to enforce budget discipline more strictly in the euro zone by March, a top official said on Tuesday, as the bloc tries to move quickly to rebuild confidence but without Britain’s backing.
