From Standard Poor's Financial Communications As more Americans shoulder the responsibility of funding their own retirement, many rely increasingly on their 401(k) retirement plans to provide the means to meet their investment goals. That's because 4
TOKYO (Reuters) - Japanese firms cut capital spending by 4.9 percent in April-June from a year earlier, data showed on Monday, confounding forecasts and adding to views that the Bank of Japan will hold off from raising rates this month. The first de
JACKSON HOLE, Wyoming (Reuters) - Central banks should focus on house price swings only if they risk causing harm to the broader economy, and keep their eyes on ensuring stable prices and employment, Federal Reserve Governor Frederic Mishkin said on
One man is sometimes vilified for being too academic; the other is rarely in any danger of that. But Ben Bernanke, chairman of the Federal Reserve, and George W. Bush, US president, were united in one respect on Friday. Both tried to restore some con
TOKYO (AP) -- Japan's new finance minister said Friday he exchanged notes over the phone with U.S. Treasury Secretary Henry Paulson on the possible fallout from the U.S. credit crisis. In what he called a 20-minute courtesy call following his appoint
U.S. Faces Deep Economic Downturn but Recession Unlikely, Says Nobel Laureate Stiglitz KUALA LUMPUR, Malaysia (AP) -- The U.S. could face a prolonged economic downturn due to its subprime mortgage woes, but is unlikely to plunge into a recession, No
NEW YORK/LONDON (Reuters) - The Federal Reserve on Friday reassured investors it would take any steps needed to shelter the U.S. economy from a global credit squeeze, while President George W. Bush promised to help struggling homeowners refinance th
Federal Reserve chairman Ben Bernanke described the recent housing downturn as "sharp" and added "that further declines in homebuilding are likely" in a highly anticipated speech Friday morning. But he also hinted that the central bank was prepared
Commodities Rally After Bernanke Says Fed Will Protect Economy NEW YORK (AP) -- Commodities rallied Friday along with Wall Street as investors reacted to Federal Reserve Chairman Ben Bernanke's assertion that the central bank will "act as needed" to
WASHINGTON (Reuters) - President George W. Bush on Friday tried to calm financial market turmoil from the credit crisis by announcing proposals intended to prevent homeowners from defaulting on risky mortgages. Rising U.S. defaults on so-called subp
DETROIT (Reuters) - Honda Motor Co Ltd (Tokyo:7267.T - ; NYSE: - ) is on track for a 3 percent increase in U.S. sales in 2007, an executive said on Friday, but he also called on the Federal Reserve to cut interest rates to boost consumer confidence.
South African President Says Regime Change Not the Way to Fix Problems in Zimbabwe CAPE TOWN, South Africa (AP) -- South African President Thabo Mbeki insisted Thursday that negotiations between Zimbabwe's ruling party and its opposition were the on
JACKSON HOLE, Wyoming (Reuters) - The Federal Reserve will take the necessary steps to shelter the economy from turmoil in financial markets but will not bail out investors who made mistakes, Fed Chairman Ben Bernanke said on Friday. "The committee
Economic Growth Attracts Handful of Egyptians Back From Dubai CAIRO, Egypt (AP) -- Mohamed el-Kashashy has the kind of business experience that could help drive Egypt's economy. During six years working in brand management and marketing, he has led
AP Interview: France's First Female Finance Chief Challenges Traditions PARIS (AP) -- She's French. She's female. And she is causing quite a stir. Christine Lagarde, the first woman finance minister for a G-8 nation, was rated the best minister in P
·Treasury's Paulson wants fas
·Euro Drifts Lower Against US
·Dollar Edges Higher Against
·Greenspan Doubts US Will Fac
·Home builders forecast: Not
·Study: D.C. Poverty Up Despi
·Chinese Economy Surges 11.5
·Economic Watchdog, Oct. 24
·Another Quarter-Point Cut Is
·German Business Confidence D
·NZ Interest Rate Steady at 8
·Brazil Unemployment Falls in
·Euro Drifts Lower Against US
·Dollar Edges Higher Against
·Greenspan Doubts US Will Fac
·Home builders forecast: Not
·Study: D.C. Poverty Up Despi
·Chinese Economy Surges 11.5
·Economic Watchdog, Oct. 24
·Another Quarter-Point Cut Is
·German Business Confidence D
·NZ Interest Rate Steady at 8
·Brazil Unemployment Falls in
Economy
