Money and Monetary Policy

By Danielle Robinson and Joy Ferguson NEW YORK, May 17 (IFR) - If anyone needed evidence that parts of the high-yield bond market no longer offer protection against rising interest rates, then they received it this week, when the highest quality, longest...

In 2010, while peeling back the layers of Hialeah's "shadow banking" industry, federal prosecutors pressed the city's mayor about allegations that he had collected exorbitant cash interest payments on more than $1 million in loans he made to friends and...

CHICAGO (Reuters) - The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation and overly high unemployment over the next two to three...

NEW YORK (Reuters) - The dollar rallied across the board on Friday, topping the 103-yen level as it hit a 4-1/2-year high against the Japanese currency, after data showing a robust rebound in U.S. consumer sentiment prompted investors to add to bullish...

* PBOC guides yuan higher with strong midpoint fixing * Traders raise yuan appreciation target to 6.0/dollar * SAFE data shows continued oversupply of dollars * Yuan REER up for 7th straight month in April - BIS data By Lu Jianxin and Pete Sweeney...

* Upgrade stamps approval on decade of reform * Move expected to boost investment flows * Bond yields hit record lows, Turkish lira weakens * Minister warns of lira appreciation pressure By Daren Butler ISTANBUL, May 17 (Reuters) - Turkey hailed...

After some dismal performances during the economic downturn, most local banks are growing profits again. The more than 80 locally chartered retail banks and thrifts in the St. Louis region reported $77.2 million in profits in the first quarter that...

* University of Michigan consumer sentiment data, leading indicators on tap * J.C. Penney dips after earnings * Kansas City Southern to join S&P 500 * Futures up: Dow 39 pts, S&P 4.4 pts, Nasdaq 5.75 pts By Chuck Mikolajczak NEW YORK, May 17...

* Fed officials urge bank to begin stimulus withdrawal * Dollar rises to near 10-month highs * Bund future surges on talk ECB edging towards negative rates * European shares recover as investors buy the dips * Copper up for 2nd day after China data By...

Columbus plans to seek voter approval of a bond package in the Nov. 5 election to pay for infrastructure improvements without raising taxes. City Auditor Hugh J. Dorrian said he estimates the city will ask voters to approve an $800 million bond package,...

ORLEANS, France (Reuters) - The European Central Bank will keep its loose and growth-supportive monetary policy stance in place for "quite a long time", ECB executive board members said on Friday. With the euro zone economy stuck in recession, the ECB...

* Mineworkers union leader demands meeting with Zuma * ANC deputy president says hard to tell what is going on * Rand slides to four-year low against dollar By Xola Potelwa RUSTENBURG, South Africa, May 17 (Reuters) - The leader of South Africa's...