Yellen becomes Obama's top Fed candidate

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
After Lawrence Summers' denial to participate in the race for Fed presidency, the Central bank's current vice-president Janet Yellen became the top candidate for taking the seat and become the first chairwoman. Markets could approve her candidacy, as she supports the QE program and may pause the tapering. Barack Obama is going to announce his choice not as earlier as on September 22.
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Tue, 17 Sep 2013 09:02:06 GMT

U.K. government sells stake in Lloyds bank

The government of the United Kingdom announced a sale of its stake in the county's biggest mortgage lender Lloyds Banking Group Plc for 3.2 billion pounds. About 6% or 4.28 billion shares of the bank were sold, while the price per share reached 75 pence. Despite that, the U.K. government still owns a stake in another bank, the RBS Group,

Tue, 17 Sep 2013 08:40:05 GMT

RBA may cut rates in future

The Reserve bank of Australia's officials said on Tuesday that there still is a possibility of cutting main interest rates, if the economic conditions in the country become worse and the investment continue falling. After today's meeting the RBA decided not to change the interest rate, leaving it at 2.5%. RBA economists pointed out that slumping dollar exchange rate may

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