Utility CEOs Slam EU Energy Policy
The chief executives of eight leading energy utilities criticized the European Union's political leaders for the bloc's fragmented energy policy, calling for a more favorable market environment to encourage investment in energy infrastructure.
Bernanke expected to stay the course on Fed policy
NEW YORK - Federal Reserve Chairman Ben Bernanke is not expected to hint at a pending policy change when he testifies before the U.S. Congress on Wednesday despite some speculation among investors that the central bank could soon reduce its massive bond buying program.
BOJ Stands Pat, Raises View
The Bank of Japan raised its assessment of the economy once again and stood pat on policy, showing confidence in its drastic easing program despite recent volatility in the bond market.
China’s Brutal One-Child Policy
In China, the rich can pay a fine and have a second child. The poor face menstrual monitoring and state-mandated abortions.
In Europe, a Fed President Urges Quantitative Easing
James Bullard, a member of the Federal Reserve’s policy committee, warned Europe of becoming trapped in the economic stasis from which Japan is only now emerging.