KiKi Gu

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Yellen resists pressure to tighten monetary policy more quickly

Resisting pressure to tighten monetary policy more quickly, Federal Reserve Chairwoman Janet L. Yellen said there was no "simple recipe" for central bank policymakers in deciding when the labor market had improved enough to handle a rise in interest rates.<p>Economic conditions are improving but the …

Economics

Dollar marks biggest weekly gain against yen in a year

NEW YORK (MarketWatch) — The U.S. dollar moved higher on Friday after the top Federal Reserve official suggested the economy is moving toward the …

Economics

Unexpected summer hit: Chinese stock funds

NEW YORK (AP) — Surprise: One of the summer's hottest investments was also one of the most anxiety-inducing a few months earlier.<p>Dollars are pouring into China again despite worries about the country's slowing economic growth. Chinese stock mutual funds have returned an average of 12.5% over the …

Economists give clashing views at Jackson Hole

JACKSON HOLE, Wyoming (AP) — Most visitors to Wyoming's Grand Teton National Park are drawn to the peak that gave the park its name — a 13,776-foot monolith that dominates the sweeping skyline.<p>But for the economists and central bankers who gathered in a lodge here for the past three days, attention …

Trade Deals from Hell

The latest reports from Europe indicate that the continent is slipping back into recession. The U.S. is doing only slightly better, with positive economic growth but scant progress on the jobs front, and no growth in the earnings of the vast majority of Americans.<p>Meanwhile, global climate change …

Resurgence of Canadian exports adds to optimism ahead of GDP data

Euro falls, stocks rise on ECB stimulus bet | Reuters

LONDON (Reuters) - The euro fell to a near one-year low against the dollar and euro zone stocks and bonds rallied on Monday as investors positioned for rising chances of further policy easing by the European Central Bank.<p>A man looks up as he is reflected on an electronic board displaying Japan's …