Analysts are unanimous in expecting interest rate to remain unchanged at 1%. At the press conference after, Trichet will focus on
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Welcome to ‘RAN’s archive
Hershey preparing co. bid to top Kraft’s offer for Cadbury
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BOE’s Kate Barker said that Britain’s economic growth will be patchy in the first half of 2010 but improve thereafter
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US
Fed’s Plosser said that the Federal Reserve policy makers must raise the benchmark interest rate “well before” unemployment falls to an acceptable level in order to keep inflation in check.
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Heading into the North American open, WTI crude futures are trading lower after yesterday’s API report showed a large build in US crude, gasoline and distillate stockpiles.
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US President Barack Obama will announce plans on Thursday to raise up to USD 120bln from major US financial firms to cover expected losses from a taxpayer-funded bank bailout
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GLOBAL **China hikes Reserve Requirement Ratio and tightens short term liquidity**
China Central bank said it is raising Banks’ reserve requirement ratio by 0.5% effective from January 18.
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US Equities opened higher on Monday ahead of the start of earnings season and following strength in the Asian session. Nevertheless, those gains were pared early
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Fed’s Bullard said that US Federal Reserve monetary policy is unlikely to pushed off course by December’s surprising job losses.
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Leading City firms, including some of the biggest dealers in gilts say a downgrade of Britain’s AAA sovereign debt rating remains unlikely this year. (Sunday Times) Most experts point out that the rating agencies have
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