World economy talk

**uls** · June 7th, 2012 09:18 PM

China rate cut 0.25%

this is not the usual RRR (reserve requirement ratio)

this is major

**interruptedz** · June 7th, 2012 10:01 PM

dont forget that china recently open its currency for trading.its now being traded in japan.it plans to overtake the dollar as the new intl currency. red it in business world di ko makita online link

**uls** · June 8th, 2012 09:48 AM

Bernanke disappoints

DOW +46.17 +0.37%, NASDAQ -13.70 -0.48%, S&P 500 -0.14 -0.01%

Bernanke offers few hints of Fed stimulus | Reuters

(Reuters) - Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. central bank was ready to shield the economy if financial troubles mount, but offered few hints that further monetary stimulus was imminent.

Bernanke told Congress the Fed was monitoring "significant risks" to the U.S. recovery from Europe's debt and banking crisis closely.

But for financial markets hungry for clues about the prospect for a third round of Fed bond buys, Bernanke's testimony disappointed. Many economists at prominent banks have been expecting the Fed to take some new policy steps at its June 19-20 meeting.

**uls** · June 8th, 2012 10:08 AM

News Headlines

Asian stocks opened mixed on Friday, as the optimism over China's surprise 25 basis point rate cut was tempered after U.S. Federal Reserve Chairman Ben Bernanke did not offer the prospect of an immediate stimulus in a speech on Thursday.

**Monseratto** · June 8th, 2012 10:52 AM

No QE3 on the horizon?

**uls** · June 8th, 2012 11:04 AM

now everyone's waiting for the June 20 FOMC statement

hoping hints of QE is in there

**uls** · June 8th, 2012 06:45 PM

rumortime:

Spain to make formal request for aid this weekend

update:

Spain - no comment

Spain - no decision until after bank audits

**uls** · June 8th, 2012 07:33 PM

eto may article na

Exclusive: Spain to request EU bank aid on Saturday: sources | Reuters

Exclusive: Spain to request EU bank aid on Saturday: sources

By Julien Toyer and Matthias Sobolewski
MADRID/BERLIN | Fri Jun 8, 2012 6:23am EDT
(Reuters) - Spain is expected to request European aid for its ailing banks at the weekend to forestall worsening market turmoil, becoming the fourth and biggest country to seek assistance since the euro zone's debt crisis began, EU and German sources said.