Asia shares mixed ahead of Bernanke testimony
Asian shares were mixed Tuesday after a dip on Wall Street ahead of testimony from the US Federal Reserve chief and a policy meeting of the Japanese central bank.
Asian shares were mixed Tuesday after a dip on Wall Street ahead of testimony from the US Federal Reserve chief and a policy meeting of the Japanese central bank.
The dollar edged higher Tuesday against the euro after Ben Bernanke confirmed the US Fed’s stimulus program would continue, while the yen traded flat ahead of the nomination of a new Bank of Japan chief.
Federal Reserve officials in 2007 badly underestimated the scope of the approaching financial crisis and how it would tip the U.S. economy into the deepest recession since the Great Depression, transcripts of the Fed’s policy meetings that year show.
Chairman Ben Bernanke sent a clear message Friday that the Federal Reserve will do more to help the still-struggling U.S. economy.
Asian markets were little changed in cautious early Tuesday trading, stalled by global worries about the impact of the eurozone debt crisis as investors awaited the release of key U.S. economic data.
Federal Reserve Chairman Ben Bernanke said recently that small businesses are still struggling to get loans more than two years after the recession ended. He said that banks could help them by easing overly tight lending standards.
SINGAPORE — Oil was higher in Asian trade on Thursday ahead of a speech by US Federal Reserve chief Ben Bernanke, analysts said. Oil markets were also underpinned by the ongoing Libya unrest as it became increasingly apparent that the North African country will take longer than expected to get its crude production facilities back [...]
NEW YORK—The dollar rose against the euro and yen on Thursday after US central bank chief Ben Bernanke ruled out an imminent round of monetary easing, as gold soared to record highs amid global uncertainty. The dollar was trading at $1.4141 against the euro in New York at 2100 GMT on Thursday, compared to $1.4153 [...]
