WASHINGTON, July 9, 2009 (Reuters) — The Federal Reserve on Thursday launched a robust defense of its independence and warned that efforts in Congress to put monetary policy under political sway would hurt the economy. ... > full story
WASHINGTON, July 9, 2009 (Reuters) — The number of U.S. workers filing new claims for jobless benefits fell to the lowest level since January, but the seasonally adjusted data was distorted by an unusual pattern of layoffs in the automotive industry. ... > full story
LONDON, July 9, 2009 (Reuters) — The Bank of England cut the pace at which it pumps money into Britain's economy on Thursday after unexpectedly deciding not to expand its 125 billion pound ($204 billion) asset buying scheme, raising fears it may stop purchases completely. ... > full story
WASHINGTON, July 9, 2009 (Reuters) — The number of U.S. workers filing new claims for jobless benefits fell sharply last week but the data was distorted by an unusual pattern of layoffs in the automotive industry, which amplified the decline. ... > full story
NEW YORK, July 8, 2009 (Reuters) — Bank of America Corp and JPMorgan Chase & Co are switching some customers who have fixed-rate credit cards to potentially higher variable rates, acting before a new law takes effect that limits what card issuers can charge. ... > full story
WASHINGTON, July 8, 2009 (Reuters) — U.S. President Barack Obama's administration is not discussing a second stimulus plan to jolt the U.S. economy out of recession, a White House budget official told Congress on Wednesday. ... > full story
WASHINGTON, July 8, 2009 (Reuters) — Total U.S. consumer credit fell by an unexpectedly slight $3.23 billion in May, Federal Reserve data showed on Wednesday, although the previous month's drop was revised to a steeper decline than initially thought. ... > full story
SOUTH BEND, Indiana, July 8, 2009 (Reuters) — The U.S. recession is likely to end this year, but the Federal Reserve will not be in a rush to change its policy stance while unemployment is still rising, a top Fed policy-maker said on Wednesday. ... > full story
NEW YORK, July 8, 2009 (Reuters) — Demand for U.S. mortgages bounced from seven-month lows last week as average 30-year borrowing costs were unchanged, helping ease pressure for aggressive Federal Reserve actions to push down long-term interest rates. ... > full story
WASHINGTON, July 8, 2009 (Reuters) — The global economy is slowly starting to pull out of its deepest recession since World War Two but recovery will be sluggish and policies need to remain supportive, the International Monetary Fund said on Wednesday. ... > full story
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Failure to release Biggs shows Jack Straw cannot be trusted July 8, 2009 (Birmingham Post, UK) — Dear Editor, If the truth be known, Britain has millions of innocent victims whose pain and suffering never ends. Victims of abuse, bullying, knife ...
Down and up session continues for TSX July 8, 2009 (Canada.com) — Toronto's main stock index was down 1% on Wednesday morning as lower commodity prices shook the resource heavy index and offset an International ...
SPL chief not involved in TV deal July 8, 2009 (BBC News) — The new chief executive of the Scottish Premier League Neil Doncaster will have no input in negotiations for any proposed live television deal ...
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