A Japanese government panel warns there is "absolutely no guarantee" that domestic investors will keep financing the country's massive public debt, citing the risk of a spike in bond yields that could crimp long-term growth prospects, according to a draft report seen by Reuters on Monday.
Japan panel warns of dangers if debt not addressed
Slow Growing: Bad News for Jobs, Housing; CPI Tame
Thursday's economic reports featured mostly bad news, with housing starts plunging and jobless claims rising while inflation remained under control.
Eurozone in longest recession since birth of currency bloc
The economies of the 17 nations in the eurozone shrank in the first three months of the year, keeping the bloc in recession for the longest period since the single currency was established in a further dismal record after unemployment hit its highest level.
U.S. Deficit Narrows to $642 Billion in New CBO Estimate
The U.S. budget deficit will shrink by the end of fiscal 2013 to $642 billion, the smallest shortfall in five years, according to the nonpartisanCongressional Budget Office.
City of Detroit is financially 'insolvent'
The Detroit city government is weeks away from running out of the cash it needs to operate, according to an initial report from the emergency manager overseeing its finances.
Is the Fed Prepping Markets for the End of QE?
Fed officials have mapped out a strategy to wind down its $85 billion-a-month bond-buying program in careful steps, although the timing of when that will start is still being debated, noted Fed watcher Jon Hilsenrath wrote in the WSJ.
Fed's Bernanke warns shadow banking risks persist
Federal Reserve Chairman Ben Bernanke said on Friday that the shadow banking system continued to pose a threat to financial stability, and that bank funding markets might still not be able to cope with a major default
University Endowments Trim Holdings in US Treasurys
Many university endowments have scaled back their holdings of Treasury securities from as much as 30 per cent in 2008-09 to zero in some cases, say people familiar with their investment strategies.
Companies Cook the Books to Meet Targets: Survey
Hard-pressed company bosses across much of the world are under so much pressure to deliver on growth that many have resorted to cooking the books, Ernst & Young said in a survey Tuesday.
New York to sue BofA, Wells Fargo over mortgage practices
New York Attorney General Eric Schneiderman on Monday said he plans to sue Bank of America Corp (BAC.N) and Wells Fargo and Co (WFC.N) for violating the National Mortgage Settlement brokered last year between the country's biggest banks and 49 state attorneys general.