Friday, July 11th, 2008
U.S. Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson Thursday told Congress that regulators should gain greater powers in oversight of financial market.
"Cooperation between the Fed and the SEC (Securities ...
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Wednesday, July 9th, 2008
The dollar rose against major currencies on Tuesday as Federal Reserve Chairman Ben Bernanke bolstered the market with a speech and oil prices tumbled.
Bernanke promised on Tuesday to consider retaining an emergency lending facility ...
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Friday, June 27th, 2008
The dollar fell against most major currencies on Thursday, extending losses of the previous session as Wall Street plunged.
The dollar continued losing grounds after the U.S. Federal Reserve failed to give a strong signal that it wo ...
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Thursday, June 26th, 2008
The U.S. Federal Reserve decided Wednesday to hold a key interest rate steady at 2 percent in highlighting inflation risks.
The Federal Open Market Committee, the Federal Reserve's decision-making body, said it expects inflation to ...
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Thursday, June 26th, 2008
The dollar fell against most major currencies on Wednesday after the U.S. Federal Reserve decided to leave the key interest rate unchanged.
The central bank announced that it was keeping the federal funds rate at 2 percent, ending a ...
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Wednesday, June 25th, 2008
Wall Street lost ground in early trading Tuesday, as investors awaited the Federal Reserve's decision on interest rates and after UPS Inc. lowered its profit guidance.
UPS, the world's largest shipping carrier, lowered its second-qu ...
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Tuesday, June 24th, 2008
The U.S. Federal Reserve and Securities Exchange Commission (SEC) are finalizing an agreement to start the process of redrawing how Wall Street is regulated, the Wall Street Journal said on its website on Sunday.
The agreement, which ...
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