Fwd: [bangla-vision] Fw: Business Today: Bernanke eases worries about monetary tightening

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Date: Thu, Feb 25, 2010 at 5:45 PM
Subject: [bangla-vision] Fw: Business Today: Bernanke eases worries about monetary tightening
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From: Reuters.com <mail@nl.reuters.com>
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Sent: Thu, February 25, 2010 5:56:49 AM
Subject: Business Today: Bernanke eases worries about monetary tightening

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WED 24 Feb 2010    Bernanke eases worries about monetary tightening Senate seeks bank reform, Obama weighs in Stocks rise on the promise of more cheap money New home sales hit record low, prices tumble GM to wind down Hummer after China sale fails Obama rejects criticism of agenda as "socialism" A tale of two Das: Citi CEO, academic and mortgages Toyoda takes center stage in safety crisis SEC reins in short sellers with new restrictions Jan durable goods orders seen up 1.5 percent Business Update: Housing retreat South Africa gears up for World Cup Towns: Strengthen auto oversight Bernanke eases worries about monetary tightening February 24, 2010 03:44 PM ET WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke told Congress on Wednesday a weak job market and tame inflation warrant low interest rates for "an extended period," dampening speculation a policy tightening might be nearing. Full Article Senate seeks bank reform, Obama weighs in February 24, 2010 04:16 PM ET WASHINGTON (Reuters) - Key senators pushed for a bipartisan agreement on a package of reforms to tighten rules for financial industry behavior as President Barack Obama on Wednesday blasted critics who call his policies "socialism." Full Article Stocks rise on the promise of more cheap money February 24, 2010 04:29 PM ET NEW YORK (Reuters) - Federal Reserve Chairman Ben Bernanke reassured lawmakers interest rates will remain low, driving stocks higher on Wednesday as investors welcomed the promise of more cheap money. Full Article New home sales hit record low, prices tumble February 24, 2010 04:23 PM ET WASHINGTON (Reuters) - Sales of new homes unexpectedly fell to a record low in January while demand for loans to buy homes hit a 13-year low last week, fanning fears of renewed weakness in the housing market. Full Article GM to wind down Hummer after China sale fails February 24, 2010 03:19 PM ET DETROIT (Reuters) - General Motors Co will wind down its Hummer SUV line after failing to complete a deal to sell the brand to China's Sichuan Tengzhong Heavy Industrial Machinery Co, the automaker said on Wednesday. Full Article Obama rejects criticism of agenda as "socialism" February 24, 2010 02:38 PM ET WASHINGTON (Reuters) - President Barack Obama launched a vigorous defense of his economic agenda on Wednesday, rejecting critics who say it amounts to "socialism" and insisting his policies would boost U.S. competitiveness. Full Article A tale of two Das: Citi CEO, academic and mortgages February 24, 2010 03:08 PM ET NEW YORK (Reuters) - Sanjiv Ranjan Das, a professor at California's Santa Clara University, last fall attacked the problem of "underwater" mortgages often cited as an Achilles' heel to the U.S. housing market. Full Article Toyoda takes center stage in safety crisis February 24, 2010 03:51 PM ET WASHINGTON (Reuters) - Toyota Motor Corp chief Akio Toyoda stepped to center stage in a sprawling U.S. investigation of the Japanese automaker's safety crisis, apologizing to consumers and pledging reforms to skeptical lawmakers. Full Article SEC reins in short sellers with new restrictions February 24, 2010 03:14 PM ET WASHINGTON (Reuters) - Securities regulators adopted a new rule to restrict short selling more than a year after the financial crisis provoked cries to rein in investors who bet on a stock's decline. Full Article Jan durable goods orders seen up 1.5 percent February 24, 2010 03:00 PM ET The median forecast for new orders for durable goods is for a 1.5 percent rise in January after a 1.0 percent gain in December. Forecasts range from a drop of 0.5 percent to a gain of 5.0 percent. Full Article

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