ECB to boost banks with more cheap cash, say economists: Poll

LONDON: The European Central Bank will soon provide another shot in the arm for Europe's strained banks with a more cheap, long-term loans, according to a firm majority of economists polled by Reuters.

Markets Drift Lower After Fed Announcement

Stocks on Wall Street fell in volatile trading on Wednesday after the Federal Reserve said it would keep its stimulus program intact for the time being, as expected, though it also nodded to a weaker economic growth outlook.

Japanese households spending more, unemployment down

TOKYO: Japan's thrifty households boosted their spending last month while unemployment fell, data showed Tuesday, as the International Monetary Fund (IMF) gave a thumbs up to Tokyo's economic policy blitz.

US Federal Reserve to hold its fire this week, wants clearer economic view

WASHINGTON: Federal Reserve officials are unlikely to make any shift to monetary policy this week as they wait for more evidence of how badly Washington's budget battle has hurt the US economy.

China Starts Prime Loan Rate as New Benchmark in Market Push

China started publishing a new lending rate based on quotes from banks and signaled it may eventually replace the current benchmark set by the People’s Bank of China, deepening a shift to market-based interest rates.

Carney says the Bank of England is 'open for business'

The Bank of England intends to boost the availability of finance for banks, a move which could help them lend to consumers.

The biggest US economy killer: US government

The government shutdown and debt ceiling crisis inflicted a toll on the American economy, but that cost is only a fraction of the total damage that the federal government has been causing to the American economy.