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Price Stability Should Remain Key: Fed’s Plosser

CAPE TOWN (Reuters) - The best way for central banks to foster sustainable economic growth and prevent instability is to keep inflation under control, Philadelphia Federal Reserve President Charles Plosser

March 29th, 2008

Stimulus to Create Up to 600,000 Jobs: Paulson

WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Friday that an economic stimulus program that will put $168 billion into consumers' hands this year and next could help

March 29th, 2008

Citi Says Lehman Has Ample Liquidity

(Reuters) - Lehman Brothers Holdings Inc <LEH.N> has ample liquidity to run its business and will generate positive earnings and grow book value per share this year, said Citigroup analyst

March 29th, 2008

Mortgage Rate Freeze Not Good Idea: OFHEO Chief

WASHINGTON (Reuters) - There are signs of improvement in U.S. housing markets but the idea of freezing mortgage rates for a period of time would be a mistake, the director

March 29th, 2008

BHP Billiton to Phase Out Standard Bank Business

JOHANNESBURG (Reuters) - Mining group BHP Billiton <BHP.AX> <BLT.L> will phase out annual business with Standard Bank <SBKJ.J> in the first corporate spat brought on by South Africa's power crisis.

March 29th, 2008

Citigroup Names New Head of Global Prime Finance -memo

HONG KONG (Reuters) - Citigroup, the largest U.S. bank struggling to recover from the credit crunch, tapped Nick Roe to be Head of Global Prime Finance, according to a company

March 29th, 2008

U.S. Incomes Seen Up in Feb, Core Prices Tame

NEW YORK (Reuters) - U.S. incomes probably continued to grow at a moderate pace in February, according to a Reuters poll, while underlying inflation pressures are likely to have eased.

March 29th, 2008

Sen. Schumer Urges New Financial Regulation: Report

NEW YORK (Reuters) - Sen. Charles Schumer on Friday called for a rethinking of the U.S. financial regulatory system, perhaps moving toward a single regulator, following the collapse this month

March 29th, 2008

Fannie, Freddie May Raise $20 Billion: Report

NEW YORK (Reuters) - Fannie Mae's <FNM.N> and Freddie Mac's <FRE.N> regulator will allow the mortgage financiers to raise as much as $20 billion in capital as part of an

March 29th, 2008

Wall Street Drives White House Campaign Cash Flow

WASHINGTON (Reuters) - Eight of the 10 largest donors so far to the U.S. presidential campaigns are Wall Street banks, led by Goldman Sachs, according to research on Thursday from

March 29th, 2008

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