01 Feb 2005 01:46 PM

The Federal Open Market Committee is expected to raise Fed funds rate a quarter-percent to 2.5% in the two-day meeting starting today. Most analysts anticipate sixth straight increase in a row as the US monetary policy makers have been following their “accommodative” ‘measured” policy of rate increases since June 2004. The

22 Jan 2005 06:49 AM

The Federal Reserve officials have indicated in a string of sayings on Tuesday that the US financial policy makers will continue to raise rates at the same measured pace as before. Fed Governor Susan Bies said in Baltimore that with moderate inflation expectations and continuing economic

20 Jan 2005 05:29 PM

Wall Street paid its largest bonuses to specialists in commodity trading and mergers and acquisitions, the areas where the firms are making the most money. Senior

10 Jan 2005 08:54 AM

The dollar hovers around its seven-week high trading at $1.3070 on the statement from the US Treasury Secretary John Snow who said the Bush administration wants “to do things to sustain the strength” of the dollar. The determination the US leadership showed in bringing down the budget deficit that hit a record $412 billion last year was supportive of the dollar. ``In the past he would say `strong dollar’ and then talk about market forces; now he’s talking strong dollar and saying

20 Dec 2004 08:24 AM

Yukos has lost its main asset, Yuganskneftegaz, sold in an auction held by the Russian Fund of Federal Property, for $9.35 billion. The buyer was a little known company OOO “Baikalfinansgroup”, although most familiar with the matter suspect that the real buyer was the state-owned Gazprom or another major oil company Surgutneftegaz. The

15 Dec 2004 08:04 AM

Federal Reserve did not let the analysts down in their expectations of another rate hike in its December 14 meeting, bringing it up 25 basis points to 2.25. The rise in the Fed funds rate was accompanied by a hike in the symbolic discount rate that Fed uses to charge banks for overnight loans to 3.25. The

14 Dec 2004 09:05 AM

The US merger and acquisition market is showing strong signs of revival with its dollar value soaring 30% in 2004. Corporate execs may feel pressured for time amid prospects of a Fed rate hike and recent dollar slide. Normally, this would bring down the appetite for acquisitions. Now, against the background of healthy corporate

10 Dec 2004 08:13 AM

Japan’s economic recovery may be coming to an end once again, as the previous two upturns the country has experienced since the early 1990s proved to be of short duration. Concern was provoked by the release of private-sector machinery orders that help to assess the corporate investment

01 Dec 2004 10:35 AM

On thing everybody agrees on when it comes to discussing the dollar is that it is bound to fall. The top reason is the soaring US budget deficit that hit $412.5 billion this year. High oil prices hovering around $50 a barrel also weigh heavily on the US economy, as well as the current account deficit predicted to surge to 6.4% of the Gross

11 Nov 2004 08:09 AM

In a meeting of the Federal Open Market Committee Wednesday, the policy makers fulfilled the expectations of the analysts announcing a quarter-point rise in its target for the Federal funds Rate, bringing it 2% from 1.75%, the

09 Nov 2004 10:01 AM

Lots of American consumers cannot resist the temptation to replace their old clunkers with brand-spanking wonders of modern technology at the time when auto financing rates have dropped to the average of 5.79% for a 48-month new car loan. The auto loan market that once consisted of simple paydown structures with short repayment terms available only to consumers with a good credit history now has a bewildering assortment of loan types and caters to the needs of different categories of car buyers.

05 Nov 2004 07:59 AM

9.9 million Americans had their IDs stolen in 2003. Businesses and financial institutions in the US lost over $48 billion due to theft of personal and financial information. In Britain, analysts estimate that fraud accounts for losses of ₤14billion annually, where card crime comprises ₤402million. Virtually every developed country faces the problem of credit card fraud that can keep consumers from online banking and shopping and makes some wonder whether their credit history could suffer if they defaulted on a mortgage payment because of scamsters overdrawing the account.

03 Nov 2004 07:33 AM

The property market continues to be a pillar propping up the US economy considering the fact that the majority of homeowners have more wealth in their homes than in financial assets such as stocks and bonds.

30 Oct 2004 09:15 AM

The oil industry is definitely on the rise as analysts predict a bull market for several years ahead. Here are major companies with their market capitalization figures:

27 Oct 2004 10:29 AM

This brings us to perhaps the most important point: your broker’s ethical code. This ephemeral entity has a quantifiable expression which is a history of fines, lawsuits and complaints brought by customers against the brokerage.