New Fed Chair Yellen keeps policy on track

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VietNam News English 6 month(s) ago

New Federal Reserve chief Janet Yellen kept the central bank firmly on the path set by predecessor Ben Bernanke on Wednesday, shrugging off recent economic weakness as largely weather-caused.

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Oil prices mixed in Asian trade

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VietNam News English 7 month(s) ago

US oil prices remained above US$100 a barrel in Asian trade on Tuesday on stronger demand, but trading was subdued ahead of new Fed chief Janet Yellen's testimony to Congress.

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U.S. Senate confirms Yellen as Fed's next chair

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VietnamNet English 8 month(s) ago 1 related news

U.S. Senate confirms Yellen as Fed's next chair

U.S. Senate on Monday confirmed Janet Yellen as the next head of the Federal Reserve, to replace the outgoing Fed chairman Ben Bernanke whose term ends at the end of this month.

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US Federal Reserve pulls back on stimulus effort

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VietnamNet English 9 month(s) ago

US Federal Reserve pulls back on stimulus effort

The US Federal Reserve has announced a slowdown in its effort to boost the US economy.

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At Jackson Hole, a growing fear for Fed independence

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Báo Tuổi Trẻ English 26 month(s) ago

Increasing political encroachment on the Federal Reserve, particularly from the Republican Party, could threaten the central bank's hard-won independence and undermine confidence in the nearly 100-year old institution.

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Bernanke says communication essential to Fed's policy effectiveness

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VietnamNet English 9 month(s) ago

Bernanke says communication essential to Fed's policy effectiveness

U.S. Federal Reserve Chairman Ben Bernanke said on Monday that improved communication helps the public understand the Fed's policy intention and rationale, which is key to the legitimacy of the central bank.

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Bitcoin value jumps, after US authorities appear positive

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Báo Tuổi Trẻ English 10 month(s) ago

Bitcoin value jumps, after US authorities appear positive

Call it a speculative bubble or the rise of a currency of the future: the bitcoin jumped in value Tuesday after US authorities appeared to give the virtual money their blessing.

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Dollar slips against euro ahead of Bernanke speech

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Báo Đầu Tư English 10 month(s) ago

Dollar slips against euro ahead of Bernanke speech

The dollar dipped against the euro on Tuesday as traders awaited a speech by Federal Reserve chief Ben Bernanke hoping it will reveal the direction of the bank's easy-money policy.

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US agencies to say Bitcoins offer legitimate benefits

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Báo Thanh Niên English 10 month(s) ago

US agencies to say Bitcoins offer legitimate benefits

The price of Bitcoins has more than doubled even after the closing five weeks ago of the “Silk Road Hidden Website,” where people could obtain drugs, guns and other illicit goods using Bitcoins

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Asian shares lifted by news Yellen to be tapped for Fed chair

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Báo Đầu Tư English 12 month(s) ago

Asian shares lifted by news Yellen to be tapped for Fed chair

Asian stock markets were mostly higher Wednesday on news that President Barack Obama would nominate Janet Yellen to take over from Ben Bernanke as Federal Reserve chief, raising hopes the bank would stick to its easy money policy.

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Obama to name Janet Yellen as next Fed chair

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VietnamNet English 12 month(s) ago

Obama to name Janet Yellen as next Fed chair

U.S. President Barack Obama is to nominate current Federal Reserve Vice Chairwoman Janet Yellen to be the next Fed chief on Wednesday, media reports said Tuesday.

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ADB sees East Asia growth risk on $8 trillion funding challenge

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Báo Thanh Niên English 12 month(s) ago

ADB sees East Asia growth risk on $8 trillion funding challenge

The Asian Development Bank (ADB) headquarters stands in Manila. The ADB in July cut its 2013 growth forecast for developing Asian economies, including India, to 6.3 percent from a 6.6 percent expansion predicted in April.

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Dollar falls as Fed maintains stimulus

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Báo Đầu Tư English 12 month(s) ago

Dollar falls as Fed maintains stimulus

The dollar on Wednesday tumbled against other major currencies after the Federal Reserve's surprise decision to maintain its aggressive monetary stimulus programme.

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US dollar pushes higher amid more growth signs

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Báo Đầu Tư English 13 month(s) ago

US dollar pushes higher amid more growth signs

The US dollar pushed higher for the fifth straight session Tuesday helped by fresh signs of firm growth in the United States and another push higher in dollar bond yields.

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Bernanke defends Fed stimulus as China, Brazil raise concerns

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Báo Tuổi Trẻ English 25 month(s) ago

Bernanke defends Fed stimulus as China, Brazil raise concerns

TOKYO – Federal Reserve Chairman Ben Bernanke said on Sunday it was far from clear that the U.S. central bank's highly stimulative monetary policy hurts emerging economies, defending a policy raising concerns in China, Russia and Brazil.

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