Arcive of financial news
India's central bank unexpectedly ordered lenders to set aside more reserves for the second time in less than two weeks to tame runaway inflation.
The Reserve Bank of India raised its cash reserve ratio to 8.25 percent from 8 percent, according to a statement in Mumbai. Nineteen of 20 analysts surveyed by Bloomberg News […]
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The U.S. Federal Reserve is expected to put an exclamation point on its string of interest- rate cuts with a small reduction this week and may signal that its rate-cutting cycle is done for now.
Rising global inflation and the Fed’s hope that a blend of monetary and fiscal stimulus will shore up the anemic […]
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Deutsche Bank AG, Germany's largest bank, joined HSBC Securities and JPMorgan Chase & Co. in pushing back its prediction for when the European Central Bank will start lowering interest rates.
Deutsche, HSBC and JPMorgan economists put aside signs this week that economic growth in the 15-nation euro area is slowing to forecast that the […]
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After two past rejections, the owner of Arby’s shaved roast beef sandwich restaurants is buying Wendy’s, the fast-food chain famous for its made-to-order square hamburgers and chocolate Frosty dessert, for around $2 billion.
Triarc Companies Inc. (TRY.B), which is owned by billionaire investor Nelson Peltz, said Thursday it will pay about $2.34 billion in an […]
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With gas prices hitting record levels, the traditional family road trip has become a source of dread. It now costs some serious money to drive a few hundred miles.
But there are some things you can do to cut the cost and still arrive with your sanity intact and your armpits dry.
Pick the right tool […]
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Former Federal Reserve Chairman Alan Greenspan said he hopes the worst of the credit-market crisis is over and that the length of a U.S. recession depends on how long the financial turmoil lasts.
The situation is still critical, and the crisis may drag into next year, Greenspan said via satellite to a conference at […]
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US Airways Group Inc. chairman and chief executive Doug Parker told airline employees Thursday that more mergers, possibly one involving the Arizona carrier, could occur in the wake of Delta Air Lines and Northwest Airlines' planned marriage.
The $18 billion Delta/Northwest merger and high oil prices could push other airlines toward consolidation, Parker said […]
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All three oil and gas companies accused by the Colorado Attorney General's office of endangering a trout hatchery in a Western Colorado creek with a pipeline construction project say they were blindsided by the allegations and the state's demand for an immedate restraining order and injunction to halt the project.
But a state […]
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Delta Air Lines confirmed a deal to merge with Northwest Airlines, ending months of speculation and creating the world's largest airline.
The airlines — which emerged from bankruptcy protection a year ago — will need antitrust approval and union support. Delta's pilots apparently approved a post-merger contract late Monday, considered a critical step […]
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New Zealand's annual inflation rate probably accelerated in the first quarter, exceeding the top of the central bank's target band and adding to signs Governor Alan Bollard may delay cutting record-high interest rates until 2009.
The consumer prices index rose 3.5 percent in the year ended March 31 from 3.2 percent in December, according […]
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