IBT Staff Reporter

65911-65940 (out of 154947)

Fed's Bullard says effects of QE2 could lag by a year

St. Louis Federal Reserve President James Bullard said on Thursday that while the central bank's massive bond buying program impacted financial markets immediately, its effect on the broad economy will lag by as much as a year.

Obama to do Twitter session on economy on July 6

President Barack Obama will hold a town hall meeting on the U.S. economy and jobs on July 6, the White House said on Thursday, but it will be in the virtual world of Twitter, not a brick and mortar building.

Analysis: H2 risks may staunch emerging bond issue flood

Emerging market debt issuance has soared in the first six months of 2011, driven by heavy corporate bond volumes and flying in the face of debt problems in the developed world, but risk aversion may erode demand in the second half.

Visa, MasterCard more investable after new fee rules

The revised Federal Reserve rules governing how much banks charge retailers to process debit card purchases was given a big thumbs-up by some analysts, who expect the rules to be a huge boost to card networks Visa and MasterCard .

Greece passes austerity after trouble-free vote

The Greek parliament passed a second austerity bill Thursday, opening the way for the EU and IMF to release a 12 billion euro ($17 billion) loan installment which Athens urgently needs to stave off bankruptcy.

HSBC adds to sweeping bank job cuts in Europe

HSBC Holdings Plc is poised to chop about 700 jobs in its UK retail bank arm, as staff cuts begin in earnest at banks across Europe battling a limp economic recovery, trading woes and tougher regulation.

Reid Cancels July 4th Recess

Senators stalled on budget talks will have to miss Fourth of July festivities as the chamber’s top Democrat signaled there will be no recess.

Analysts upbeat on Visa, MasterCard after new card fee

The revised Federal Reserve rules governing how much banks charge retailers to process debit card purchases was given a big thumbs-up by analysts, who see the rules being a huge boost to card networks Visa and MasterCard .

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