The Reserve Bank of India (RBI) will stick to its exchange rate policy and the guidance provided on monetary policy would hold until further notice.
Sysco Corporation (NYSE:SYY) reported quarterly earnings per share of 55 cents Monday, topping analyst consensus estimates of 52 cents per share. Revenues for the food service logistics company were markedly higher, $10.59 billion versus analyst estimates of $10.49 billion. Net earnings were $302.65 million, an increase of $3.58 million, or 1.2%, when compared to quarterly earnings from a year ago.
Retail sales in the 17 countries sharing the euro fell more than expected in September despite some resilience in powerhouse Germany, the EU's statistics office said on Monday, reinforcing concern that the bloc's economy may be heading for a recession.
The Reserve Bank of India (RBI) may consider reversing its tight monetary stance as inflationary woes begin to ebb next month, a top policy adviser said.
The European Central Bank cut its main interest rate by 25 basis points to 1.25 percent on Thursday as the euro zone's worsening debt crisis outweighed the concern over persistently high inflation.
Howard Archer, chief European and U.K. economist said, The move also suggests that Mario Draghi will not be afraid to make bold decisions.
Canada's central bank is particularly vigilant in monitoring the effects of currency moves on inflation in times of great volatility, Bank of Canada Governor Mark Carney said on Wednesday.
The Monetary Policy report from the FOMC was released today as Federal Reserve Chairman; Ben Bernanke will offer his third live video press conference of the year today at 2:15 EDT.
The FOMC statement released on Wednesday announced that the Federal Reserve will continue its program of Operation Twist to support the economy.
Kenya's central bank bared its teeth against stubbornly high inflation on Tuesday with a record rate rise that is seen supporting the shilling, boosting appetite for long-term bonds and helping secure the approval of extra funds from the IMF.
Zambia's central bank slashed its reserve ratios on Tuesday to cut the cost of borrowing for commercial banks and consumers in a bid to stimulate economic growth in Africa's biggest copper producer.
China's big manufacturers ran at their slowest pace in October since early 2009, purchasing managers' data shows, though signs of a bounce-back at smaller firms and a sharp fall in factory-gate prices suggest no swift change to interest rates.
China's big manufacturers ran at their slowest pace in October since early 2009, purchasing managers' data shows, though signs of a bounce-back at smaller firms and a sharp fall in factory-gate prices suggest no swift change to interest rates.
Nigeria's Central Bank Governor Lamido Sanusi said on Monday the bank would review its target band for the naira in the next few days, and depending on where the exchange rate settles may move its midpoint to 155/156 to the dollar, compared to its current 150.
The International Monetary Fund on Monday trimmed its 2011 growth outlook for Kenya on Monday and backed further funds to boost the country's foreign exchange reserves to help tackle a widening balance of payments gap.
European Central Bank President Jean-Claude Trichet was quoted by a German newspaper as saying inflation in the euro zone would be very low over the next 10 years, with expectations currently for around 1.8 percent.
European Central Bank President Jean-Claude Trichet was quoted by a German newspaper as saying inflation in the euro zone would be very low over the next 10 years, with expectations currently for around 1.8 percent.
Annual inflation in Kenya rose more than expected to 18.91 percent in October as food, electricity and fuel prices increased along with transport costs, but analysts said it was close to peaking.
A look past the upbeat headlines from this week's third-quarter gross domestic product report points to a more tentative diagnosis of the U.S. economy than initial responses indicated.
The ink is barely dry on European leaders’ plan to resolve the Greek / Europe debt crisis, and attention has already turned to the U.S. Federal Reserve. Is there enough liquidity in the global financial system or will Fed Chairman Ben Bernanke need to deploy more monetary stimulus to grease the wheels of commerce?
U.S. economic growth increased at its fastest in a year in the third quarter as consumers and businesses set aside fears about the recovery and stepped up spending, creating momentum that could carry into the final three months of the year.
Despite an elevated level of risk aversion – and the fact that the source of the risk is the European debt crisis – the euro remains “surprisingly resilient” against the safe-haven U.S. dollar, said Samarjit Shankar, managing director at Bank of New York Mellon
