ECB Keeps Rates at Record Low
Airtime: Thurs. Oct. 7 2010 | 7:45 AM ET
The European Central Bank kept interest rates on hold Thursday, as expected. Jörg Krämer, chief economist at Commerzbank, considers the strategy of the central bank.
Airtime: Thurs. Oct. 7 2010 | 7:45 AM ET
The European Central Bank kept interest rates on hold Thursday, as expected. Jörg Krämer, chief economist at Commerzbank, considers the strategy of the central bank.
Discussing the President’s handling of the economy, with Rep. Peter Roskam, (R-IL), and Rep. Tim Ryan, (D-OH).
The way the recovery is being engineered is quite wrong, says David Roche, global strategist at Independent Strategy Ltd, as it is sowing the seeds of greater instability. He talks about the sovereign debt bubble, with CNBC’s Amanda Drury & Sri Jegarajah.
A gradual appreciation of the yuan will be very good for companies exporting to China, says Jim McCaughan, CEO of Principal Global Investors. He assesses the impact of a stronger yuan, with CNBC’s Martin Soong, Karen Tso & Sri Jegarajah.
Roach: US Jobless Rate Actually Stands at 11.5%.Official data showed U.S. jobless rate in February remain unchanged at 9.7% but Stephen Roach, Asia chairman at Morgan Stanley, believes the real number actually stands at 11.5%. He explains why this discrepancy, with CNBC’s Martin Soong, Karen Tso & Sri Jegarajah.
It’s very important for the Chinese economy to maintain its stable trajectory. A stable growth path for the Chinese economy is good for global growth, Andrew Sheng from China Banking Regulatory Commission said Friday. The fiscal stimulus has been very positive. Growth has come back but uncertainties remain, he added.
West African-focused miner Randgold Resources reported a 79% jump in full-year profit, benefiting from high gold prices and record production. It plans to raise its full-year dividend by 30%. “It was a great year,” CEO Mark Bristow said Monday. “We strengthened our balance sheet through last year.”