The Federal Reserve has made $14 billion in profits on loans made in the last two years, The Financial Times reported on Monday, citing officials close to the matter.
Monthly archives for August, 2009
No need for second U.S. fiscal stimulus package: survey (Reuters)
The U.S. economy does not need a second fiscal stimulus package, instead the government should cut spending over the next two years, according to a survey of business economists released on Monday.
Japan industrial production up 1.9 percent in July (AP)
Japan’s factory output rose for the fifth straight month in July as manufacturers gained confidence in the country’s nascent recovery.
Japan industrial production up 1.9 percent in July (AP)
Japan’s factory output rose for the fifth straight month in July as manufacturers gained confidence in the country’s nascent recovery.
Calls for fast action in Japan after historic vote (AP)
The morning after a historic victory by Japan’s opposition party in national elections, pressure was already mounting Monday for quick, definitive action on a host of problems facing the country, with jump-starting the economy at the top of the list.
Calls for fast action in Japan after historic vote (AP)
The morning after a historic victory by Japan’s opposition party in national elections, pressure was already mounting Monday for quick, definitive action on a host of problems facing the country, with jump-starting the economy at the top of the list.
Japan Democrats’ win may buoy Nikkei, dent JGBs (Reuters)
A historic election win for Japan’s opposition Democratic Party on Sunday is likely to buoy Tokyo shares on hopes for less policy deadlock, putting pressure on Japanese government bonds and the yen.
Japan Democrats’ win may buoy Nikkei, dent JGBs (Reuters)
A historic election win for Japan’s opposition Democratic Party on Sunday is likely to buoy Tokyo shares on hopes for less policy deadlock, putting pressure on Japanese government bonds and the yen.
Governors Highway Safety Assoc. backs texting ban (AP)
The national association representing state highway safety officials on Sunday threw its support behind a growing movement to ban text messaging by drivers, reversing its previous stand.
Japanese election upends long-ruling party (AP)
Japan’s opposition swept to a historic victory in elections Sunday, crushing the ruling conservative party that has run the country for most of the postwar era and assuming the daunting task of pulling the economy out of its worst slump since World War II.