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Thursday, September 9, 2010

Fed softens economy view as it renews low-rate vow

Posted by Reuters: Business News on June 24, 2010

WASHINGTON (Reuters) – The Federal Reserve acknowledged a faltering pace of U.S. economic recovery on Wednesday as it renewed its vow to hold benchmark interest rates exceptionally low for an extended period.



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Fed softens economy view as it renews low-rate vow

Posted by Reuters: Business News on June 23, 2010

WASHINGTON (Reuters) – The Federal Reserve acknowledged a faltering pace of U.S. economic recovery on Wednesday as it renewed its vow to hold benchmark interest rates exceptionally low for an extended period.



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Stock futures slip on caution over China’s yuan move

Posted by Reuters: Business News on June 22, 2010

NEW YORK (Reuters) – Stock index futures dipped on Tuesday as investors reassessed a vow by China for more flexibility on its currency and turned cautious ahead of data expected to show a slight rise in U.S. home sales.



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Stock futures slip with world stocks on China caution

Posted by Reuters: Business News on

NEW YORK (Reuters) – Stock index futures dipped on Tuesday as investors took a more cautious view over China’s vow of more yuan flexibility, while data on home sales was on tap later in the morning.



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China makes good on flexibility vow

Posted by Reuters: Business News on

SHANGHAI (Reuters) – China pulled back the veil on its new currency regime a little further on Tuesday, appearing to engineer a fall in the yuan to make clear its vow of flexibility did not include one-way bets for appreciation.



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China loosens reins further on yuan ahead of G20

Posted by Reuters: Business News on

SYDNEY (Reuters) – China’s yuan jumped on Tuesday to its highest level since the currency was revalued in 2005 as the central bank signaled it would tolerate yet further gains to make good on its vow for more foreign exchange flexibility.



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Wall Street up on China currency move but gains pared

Posted by Reuters: Business News on June 21, 2010

NEW YORK (Reuters) – Stocks rose on Monday but were off early highs as investors digested China’s vow to allow a flexible yuan currency.



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Wall Street rises on China currency but gains capped

Posted by Reuters: Business News on

NEW YORK (Reuters) – Stocks rose on Monday as China’s vow to allow a flexible yuan currency reassured investors about the global recovery and improved the profit outlook for many U.S. multinational companies.



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Wall Street rises as China move boosts resource shares

Posted by Reuters: Business News on

NEW YORK (Reuters) – Stocks climbed on Monday as China’s vow to allow a flexible yuan invigorated optimism in the global recovery and raised the outlook for sales in the long term at U.S. multinationals.



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Wall Street jumps on China yuan move

Posted by Reuters: Business News on

NEW YORK (Reuters) – Socks rose at the open on Monday as China’s vow to allow a flexible yuan invigorated optimism in the global recovery and raised the outlook for sales in the long term at U.S. multinationals.



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