Economy
Yuan Faces Pressure for Appreciation on China's Interest-Rate Gap, Yi Says The yuan is facing increased
pressure to appreciate as a widening interest-rate differential
spurs inflows of funds through "underground money shops,"
China’s top currency regulator said.
Job Openings in U.S. Climb for Second Month as Employers Gain Confidence Job openings in the U.S. rose in
January to the highest level in almost a year, signaling
employers are gaining confidence as the economic recovery takes
hold.
ECB's Weber Opposes `Institutionalization' of European Emergency Aid Fund European Central Bank council member
Axel Weber indicated he’s opposed to the establishment of a
European Monetary Fund if its purpose is to provide emergency
financial aid to countries.
Workers in U.S. More Confident About Enough Retirement Savings, EBRI Says U.S. workers are more confident
about having enough savings for retirement even after the
percentage of savers declined, according to the Employee Benefit
Research Institute.
Papandreou to Press Obama for U.S. to Support EU Crackdown on Speculators Greek Prime Minister George
Papandreou will press President Barack Obama to help Europe
combat “unprincipled speculators,” who he said have roiled
markets and threaten a new global financial crisis.
Fed's Evans Says Low Rates Needed for `Some Time' as Unemployment Lingers Federal Reserve Bank of Chicago
President Charles Evans said low interest rates are likely to be
needed “for some time” as high unemployment lingers and
inflation stays below his goal.
China's Accelerating Inflation May Spur Zhou to Raise Rates 'Within Weeks' China’s inflation probably
accelerated and exports climbed in February, according to
surveys of economists, increasing the likelihood of the central
bank raising interest rates from a five-year low.
U.K. Treasury Minister Myners Says Banks Haven't Learned Lesson From Crash U.K. Treasury Minister Paul Myners
said banks haven’t learned their lessons from the credit crunch,
arguing market discipline must go hand-in-hand with government
action to restore public faith in financial institutions.
Japan's Broadest Economic Indicator Rises as Export-Led Expansion Spreads Japan’s broadest indicator of
economic health rose for a 10th month, extending the longest
streak since 1997 as exports fueled the recovery.
Weber Says ECB Could Accept Lower-Rated Bonds as Collateral With Premium European Central Bank council member
Axel Weber said the bank could accept government bonds with
lower credit ratings as collateral against loans if a higher
risk premium were applied.
Pound's Slide to Help U.K. Outpace Euro Economies, Goldman's Nielsen Says The pound’s drop last week to a 10-
month low may help the U.K. economy grow faster than the region
sharing the euro, which is hobbled by budget deficits and aging
populations, according to Goldman Sachs Group Inc.
Sack Says Fed Selling Assets Would Risk Sudden Increase in Long-Term Rates Brian Sack, the New York Federal
Reserve Bank’s markets chief, said shrinking the central bank’s
$2.3 trillion balance sheet quickly through sales of assets
risks a sudden rise in long-term interest rates.
New Normal Becomes Old Normal With Exports Spurring Growth in New U.S. Mix The “new mix” is out to topple the
“new normal” as the paradigm for America’s economic future.
Fed May Lose Supervision of Small State Banks to FDIC, Senator Reed Says The Federal Reserve, which is urging
Congress to let it keep its bank supervising role, may lose
oversight of smaller state banks to the Federal Deposit
Insurance Corp., Democratic Senator Jack Reed said.
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