Word: banking
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
That kind of talk has mobilized political leaders across Europe - many of whom are now screaming for European Central Bank (ECB) authorities to intervene with measures to bring exchange rates back into balance. French President Nicolas Sarkozy in particular has been scathing in his demands that the ECB drop its obsession with controlling inflation and, instead, introduce measures that would allow European economies to expand faster. As part of that, the French are calling on the ECB to reduce its benchmark lending rate of 4% in much the way the U.S. Federal Reserve has in the past months. That move...
...Central banks are supposed to "lean against the wind." Monetary policymakers increase overnight interest rates when strong growth is threatening to push up inflation, and they reduce rates when economies begin to slide into recession and deflation. But what to do when the wind is a cyclone? That is the question confronting the U.S. Federal Reserve, the European Central Bank and their counterparts as the financial storm spawned by U.S. subprime mortgages continues to wreak havoc across credit markets. The resulting higher borrowing rates and tighter credit standards threaten to pull the U.S. economy into recession...
...this small sample, the report found MEPs paying money to their own bank accounts, to family members, to companies with no activity in their annual accounts, to service providers with irrelevant activities like the provision of child care and the trading of wood, and - in one case - a Christmas bonus worth 19 times the assistant's monthly salary. The auditors also refer to abuse of travel costs and expenses...
...move that is likely to bog down upcoming Israeli-Palestinian peace talks, Israeli Prime Minister Ehud Olmert signed off on plans to build more than 1,000 homes inside disputed West Bank territory and in East Jerusalem...
...settlement, rightwing politicians within his fragile coalition. Israel Radio reported that Olmert approved the settlement construction in the face of threats from the ultra-orthodox Shas party to pull down his government. Work will now restart on settlements in Givat Zeev, an ultra-orthodox enclave in the West Bank, and in the East Jerusalem neighborhood of Pisgat Zeev...