Ben S. Bernanke's, Federal Reserve Chairman, statement continued to rattle markets. Investors pulled out around US$60 billion.
Tags: Federal Reserve
Fed's Reduced Bond Buying Threat Results in Fund Withdrawals
Fed's reduced bond buying threat resulted in fund withdrawals from several investors. After the Federal Reserve announced that it may slow down the pace of its asset purchases this year, several investors reacted by withdrawing their investments in mutual funds.
Philippine Stock Exchange Says Sales Record Achievable.
The PSE President Hans Sicat says sales record still achievable within the year. According to the Philippine Stock Exchange, the target for record shares sales for 2013 is still achievable.
Wall St Week Ahead: There’s No Need to Fear Good Stocks News
According to data shown by the US government, higher jobs were created last June that totaled to 195,000 from the previous forecasted of 165,000 job generation.
Transatlantic Monetary Divide Accelerates Dollar Surge
The interest rates of US are expected to increase within 14 months that should have the world brace for prolonged dollar surge.
Latest News
Credit Suisse's falling stocks boded ill for other Swiss stocks. (Photo : Reuters)The image shows an office of Credit Suisse, whose falling stocks indicated a drop of other Swiss stocks as well.
Pimco Total Return Fund of Bill Gross recorded US$9.9 billion withdrawals due to Federal Reserve's scaling back of its own purchases.
Alstom issued bonds while credit risk was at a reduced level. (Photo : Reuters)This is the logo of Alstom. Alstom SA sold bonds for the first time since October last year, with the cost of insuring debt against losses at the lowest level in two weeks.
Asia-pacific investors continue to fret due to Fed’s quantitative easing and China’s economic slowdown.
The International Monetary Fund said the markets overreacted even if the US Federal Reserve didn't know how to stop buying bonds.
World Bank President Jim Yong Kim addressed the aims of the global lender to reduce poverty. (Photo : Reuters)President Jim Yong Kim of World Bank, gives a lecture on global creditor's goals.
Asian markets buckled badly after the Federal Reserve indicated eventual end to free money on Thursday.
Stephen Poloz, new central bank chief for Bank of Canada said on Wednesday that the bank can no longer rely on its usual models to assess the economy.
The US economy remained stuck at a sluggish pace after the Federal Reserve chairman suggested the US central bank was prepared to reduce its bond acquisitions.
