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Fed 'could end bond-buying in 2014'
The Federal Reserve maintains its $85bn-a-month (£54bn) asset purchase programme, but says it could begin scaling back later this year and ending it completely in 2014.
IMF: Spain making strong progress
The IMF says Spain has made strong progress on its economy, but the outlook remains "difficult" and more action is needed to boost job creation.
Paid-for news 'gains favour online'
A study by Reuters suggests more people are becoming willing to buy online news, but warns that social media may be eroding brand recognition.
Cyprus leader attacks bailout terms
Cyprus President Nicos Anastasiades urges eurozone leaders to help his country's biggest bank and sharply criticises the bailout agreed in March.
Wall Street Market Report
Shares on Wall Street fell after the US Federal Reserve said it's bond buying may taper off later this year.
Dolce and Gabbana sentenced to jail
Italian fashion designers Domenico Dolce and Stefano Gabbana are sentenced to jail in Italy for tax evasion but have appealed against the verdict.
Drug firms fined for blocking rivals
Nine drug companies are fined for delaying cheaper generic drugs coming to market.
Jail reckless bankers, report urges
Measures including criminal sanctions to make bankers responsible for their own failings, are called for in a new report.
PlayStation update freezing consoles
A system software update has rendered some PlayStation 3 consoles unusable, manufacturer Sony confirms.
China's Wanda to buy UK yacht maker
Dalian Wanda Group, a Chinese property developer, says it will spend £1bn ($1.6bn) to buy a British yacht maker and property in London.
Dow sinks 200 points after Fed hints at stimulus easing
Read full story for latest details.
Investors shouldn't worry about the Fed
The Fed won't raise rates or reduce bond purchases just yet, and when they do, the economy and financial markets will be ready.
Chinese billionaire buys 007's yacht maker
A British yacht maker that crafts luxury vessels for James Bond films is being bought by Chinese billionaire Wang Jianlin.
Bernanke won't blow up bond market
Investors are worried about when the Federal Reserve will end its bond buying program. But the Fed isn't as important as you think.
Don't believe Greenspan's bullish case for stocks
The former Fed chair's take on equity-risk premiums is seriously flawed.
U.K. to begin sale of bailed-out banks
The U.K. government is preparing to sell its 39% stake in Lloyds Banking Group as it looks to return two of the country's biggest lenders to the private sector.
FedEx offers glum outlook on economic growth
Despite a tepid forecast for 2014 earnings and the U.S. economy, shares of FedEx rallied.
New: CNNMoney's Hot Stocks
CNNMoney readers love tech stocks. Apple is by far the most looked up ticker on the site. Google, BlackBerry and Nokia also make the list. Here's a snapshot of the top 10.
Private equity spin in Massachusetts Senate debate
Massachusetts voters heard a lot about private equity last night, but not all of it was accurate.
Bond investors bracing for Bernanke
Read full story for latest details.
Morning Report - US Dollar king of the FX Hill, Aussie got smashed
Rightyo, what a night! Bernanke didn't fluff his words last night he looked the camera in the eye and said that if things go as the FOMC thinks they will that the taper is on track to begin this year and tha tthe unemployment rate in 2014 is going to be in the 6.5-6.8 range not the 6.7-7.0% range. At his presser he essentially added also that the markets are the markets and he can't help it if people are thinking that easing is going to be more than it is. So it is no surprise that bonds
AUD tumbles as the end to stimulus looms
Australian Dollar: Justifying the hype around in what has turned out to be the most important FOMC meeting this year, the importance of Monetary Policy within the US cannot be underestimated. Tumbling in a big way against its US Counterpart overnight an announcement by the US Federal Reserve that they could begin reducing bond purchases later this year sent higher the yielding asset tumbling. Shedding a full two and half cents following the meeting the Australian dollar slumped to its lowest
Market waiting for Lame Duck FOMC
It was RISK ON yesterday – (at least for some)…. the G8 (who?) completely ignored as investors await word from the FED. Volume was pathetic - reflecting the fact that large asset managers – mutual funds, hedge funds, pension plans etc were NOT trading to any real extent –…..they were along for the ride as high speed, day traders, prop traders dominated the session......Remember that the large asset managers are invested - they just don't react to every 'tweet' or rumor that creates all of the
Commodity currencies ease in thin trading
Euro hits 4-month high after German data, later retreating against the dollar Sterling dips against dollar after encouraging U.S. data Commodity currencies ease in thin trading USD – The US dollar rose against most major currencies as market participants bet the Federal Reserve may signal it is close to reducing its bond-buying program aimed at propping up the economy. The Financial Times reported on Monday the Fed was likely to signal that a move to reduce the program was close. A winding
Breakdown of What FX Traders Can Expect from the Fed
All of the major currencies are trading quietly ahead of the Federal Reserve's monetary policy announcement. The U.S. dollar is slightly lower which implies that investors are wary of how much support the central bank will provide to the greenback. Lets take a look at the various FOMC events scheduled for today and what forex traders should expect. 2pm ET / 18 GMT - FOMC Statement and Federal Reserve Economic Projections The Federal Reserve will release its monetary statement 15 minutes earlier
EUR/USD: Trading the US Unemployment Claims
US Unemployment Claims is released weekly, and measures the number of people filing for unemployment for the first time. It is considered an important measure of the health and direction of the US economy. A reading which is higher than the market forecast is bullish for the euro. Indicator Background Analysts closely monitor employment data, and Unemployment Claims provides them the opportunity to track the US employment picture on a weekly basis. The labor market is highly
Deciding The Fate Of The World
Good day. And a Wonderful Wednesday to you! Well. Today's "the day" we've all been waiting for with much anticipation. Anticipation is making me late, Is keeping me waiting. Yes, the fate of the world is in the hands of one man today. OK, maybe I went a little overboard there, with the fate of the world stuff, but. if you count the number of media reports on TV, in the newspapers, on the internet, and anywhere else a story can show up, you would think that this FOMC meeting today would be akin
Cautious tone in markets ahead of Fed press conference
Good morning, Today’s US opening call provides an update on: Cautious tone in the markets ahead of Fed press conference; Bernanke expected to ease concerns over tapering in the coming months; No surprises in BoE minutes, voting remains at 6-3 against further QE. Attention is firmly on the Fed’s monetary policy decision and press conference later, with investors clearly concerned that any hints at tapering in the coming months could mark the end of the rally that has seen equity indices reach
The dollar reaction to the Fed meeting will be key
The much anticipated Federal reserve meeting takes place today and the dollar reaction will be key, with a close eye on equities after the initial response to the statement.
Czech central bankers talk against koruna
Headlines Czech central bankers talk against koruna New Hungarian leading indicator Uncertainty ahead of today’s outcome of Fed meeting weighed on the Polish zloty and the Hungarian Forint. Both lost around 0.8% on fears of the approaching end of Fed´s QE policy. The Czech koruna, in contrast, remains resilient both to uncertainty ignited by the Fed and ongoing domestic political crisis. Although the koruna can continue to ignore domestic politics as well as regional volatility, the room for