Front Page

  • 2011-04-05 04:21

    FRANKFURT (MNI) - The European Central Bank on Tuesday allotted
    E84.5334 billion in its main seven-day refinancing operation at a fixed
    rate of 1.0%.

    The ECB satisfied all of the 161 bids received.

    Today's operation resulted in a net drain of E15.9058 billion after
    the ECB allotted E100.4392 billion in its 7-day MRO last week.

    --Frankfurt bureau. Tel: +49-69-720-142. Email:

    [TOPICS: M$X$$$,M$$EC$,MGX$$$]

  • 2011-04-05 03:39

    -- See Separate Table For Details Of Individual Forecasts

    TOKYO (MNI) - Japan is expected to have posted a current account
    surplus of Y1.709 trillion in February, up 7.3% on year, the first y/y
    rise in two months after -47.6% in January and +30.5% in December,
    according to the median forecast of economists surveyed by Market News

    The Ministry of Finance will release the data at 0850 JST on
    Friday, April 8 (2350 GMT on Thursday).

  • 2011-04-05 03:02

    FRANKFURT (MNI) - The German federal government is seeking bids for
    the E5 billion top-up of its 1.5%-coupon, two-year notes with a March
    2013 maturity, the Bundesbank announced Tuesday.

    Bids are due by 900 GMT on Wednesday, with results of the
    allocation to be announced shortly thereafter.

    Including the E13 billion outstanding of this issue, the top-up
    will boost the volume of the March 2013 Schatz to E18 billion.

    The new tranche will settle on Friday, April 8. The issue matures
    on March 15, 2013.

  • 2011-04-05 02:53

    BERLIN (MNI) - German Economics Minister Rainer Bruederle wants to
    hold on to his job regardless of the outcome of the power struggle in
    his Free Democratic Party (FDP), he told German daily Rheinische Post in
    an interview published Tuesday.

    Asked by the paper if he will remain Economics Minister, Bruederle
    replied: "Yes, that is my firm intention."

    Foreign Minister Guido Westerwelle announced on Sunday that he
    won't run again as head of the Liberals at the next party convention in

    Likely candidates to succeed Westerwelle at the helm of the party

  • 2011-04-05 02:13

    SINGAPORE, April 5 (MNI) - The U.S. dollar remained steady near
    midday levels through the Asian afternoon Tuesday, barely moving after
    the Reserve Bank of Australia did exactly as the market expected and
    issued a largely unchanged policy statement.

    Given that markets in mainland China and Hong Kong were closed
    today for, and a lackluster U.S. session overnight, Asian markets got
    off to a slow start.

    Initial market attention was on comments by Federal Reserve
    Chairman Ben Bernanke, who said that the Fed would "respond" if

  • 2011-04-05 00:16

    By Shigeo Kodama

    TOKYO (MNI) - Japan's government is expected by analysts to upgrade
    on Wednesday its economic assessment based on the coincident composite
    index for February, saying the index shows Japan's economy is
    "improving," instead of its current view that it is "pausing."

    But they warn that the improvement will be short-lived as
    industrial production, large industrial power consumption, and other
    components of the index are expected to slump in March, hit by the March
    11 earthquake and tsunami.

    The coincident composite index (CI), which reflects current

  • 2011-04-05 00:03

    Eurozone - February
    Retail Sales
    %mom %yoy

    Median forecast* 0.0 0.6
    High forecast 0.3 0.9
    Low forecast -0.3 0.3
    Previous period 0.4 0.7

  • 2011-04-04 22:48

    SINGAPORE, April 5 (MNI) - The U.S. dollar spent a subdued Asian
    morning slightly firmer but within narrow trading ranges, with the
    Australian dollar holding a modestly weaker tone ahead of a Reserve Bank
    of Australia rate decision later today.

    Markets in mainland China and Hong Kong are closed today for the
    Ching Ming (tomb sweeping) holiday. Given this, and a lackluster U.S.
    session overnight, Asian markets got off to a slow start.

    Initial market attention was on comments by Federal Reserve
    Chairman Ben Bernanke, who said that the Fed would "respond" if

  • 2011-04-04 20:50

    -- Noda: To Compile 1st Extra Budget Without Issuing Deficit Bonds
    -- Noda: Expect BOJ To Support Economy Through Monetary Policy

    TOKYO (MNI) - Japanese Finance Minister Yoshihiko Noda said on
    Tuesday that he will ask his colleagues from the Group of Seven
    industrialized nations to continue cooperating in the currency market
    following a rare instance of concerted G-7 forex intervention last

    The finance ministers and central bank governors from the G-7 and
    the Group of 20 major and emerging economies are expected to meet in

  • 2011-04-04 20:05

    By Steven K. Beckner

    STONE MOUNTAIN, GA. (MNI) - Federal Reserve Chairman Ben Bernanke
    said Monday evening that the Fed will "respond" if inflation pressures
    persist, but made clear that is not his expectation.

    If anything, Bernanke said that underlying inflation may ultimately
    prove to be too low relative to historical norms.

    And he pointed to continued problems in the housing market, which
    he said are retarding economic growth.

    A few Federal Reserve officials have suggested lately that the