cheenious

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UK Finance Chiefs Expect 1% BoE Base Rate by Mid-2015

Nearly half of chief financial officers at UK firms think the Bank of England base rate will have reached 1% by June 2015.<p>Deloitte's survey of CFOs …

Will workplace robots cost more jobs than they create?

<b>The UK is set to unveil its robotics strategy on Tuesday, revealing a plan drawn up by the Technology Strategy Board that aims to spur the country on towards capturing a significant slice of what is predicted to become a multi-trillion pound industry.</b><p>From self-driving cars to robotic postal …

Robotics

Top 5 States With The Most Underwater Mortgages

The main theme these days in the U.S. housing market is that things are really looking up: Home prices are on the rise, driven by strong investment …

'More Frisky' Businesspeople Driving 2014 Loan Growth, Bank of America CEO says

NEW YORK (TheStreet) -- Loan growth looks likely to improve in 2014 as business confidence grows stronger, according to <b>Bank of America</b> (BAC) CEO …

Bank of America

4 Outrageous GOP Claims Of What Could Happen If Obama Continues Ignoring Laws

The House Judiciary Committee on Tuesday sought to determine whether President Barack Obama acted within his rights by suspending or waiving portions …

Goldman's Cohen: 'Look For More Market Upside--And Volatility--In 2014' (And Other Quotes Of The Week)

I had the privilege a bit over a week ago to attend an hour-long interview with Abby Joseph Cohen, senior U.S. investment strategist at Goldman Sachs. Cohen was the guest for a special primetime edition of the Bloomberg Surveillance radio program, hosted by Tom Keene and Michael McKee.<p>Ms. Cohen is …

Bernanke: Fed Will Stick With Easy Policy Until Needed

Federal Reserve Chairman Ben Bernanke said on Tuesday the Fed will maintain ultra-easy U.S. monetary policy for as long as needed and will only begin to taper bond buying once it is assured that labor market improvements would continue.<p>In a speech to the National Economists Club that echoed dovish …

Beware the looming corporate debt cliff

US corporations are issuing more bonds than ever (paywall), rushing to take advantage of rock bottom interest rates before the Federal Reserve winds back its loose monetary policy. But with every binge comes a hangover, and 2018 could be the year when the real impact of this year’s borrowing …

Interest Rates

Will Obama Approve Keystone? Bush's Advice 'Build The Damn Thing'

While the nation is in waiting mode to see whether Obamacare works, there's another important question of both economic and political importance that …

Greece prepares for general strike with visit of troika stoking anger on the streets

Athens is in shut down mood. The capital is preparing for a general strike with the members of the EU, IMF and European Central Bank – collectively known as the ,“troika” in town.<p>They have been jeered by workers after a first round of meetings to check on the governments progress in implementing …

Europe's recovery still fragile as eurozone business growth dips

The economic recovery in the eurozone lost some momentum last month.<p>Surveys of company purchasing managers (PMIs) showed only modest growth at businesses in the two largest economies – Germany and France.<p>The surveys showed companies cut jobs at a faster pace in October .. but they also continued to …

Low turnout for Greece strike as Athens tackles troika on austerity

The latest general strike against austerity in Greece saw a lower turnout than in previous rallies, blamed partly on bad weather and partly on a sense of despondency.<p>The strike coincides with the latest visit of international inspectors from the “troika” – the European Commission, International …

Euro Zone Continues Slow Recovery As Spain Exits Recession, But What About Italy, Greece And Cyprus Who All Still Struggle?

Spain has been through nine straight quarterly economic contractions, but after nearly two painful years the euro zone’s fourth-biggest economy has …

All aboard! Thousands take to buses in Lisbon to protest government austerity

Austerity protesters in Portugal took to buses to cross Lisbon’s landmark April 25th bridge after the government denied them permission to march across it.<p>Amid a cacophony of tooting horns, 400 buses made their way over to Lisbon, even paying the toll for the bridge.<p>There was disagreement on the …