u.s. federal reserve chairman ben bernanke has signalled that the u.s. central bank is poised to take new measures to boost america's sluggish economy. in a speech in boston on friday, ben bernanke said stubbornly high unemployment and the growing risk of deflation there make the case for further action. that action could come at the end of the fed's next regular meeting in early november and is likely to take the form of so- called quantitative easing, whereby the fed purchases large amounts of government bonds to boost the economy through a lowering interest rates to stimulate spending. despite ben bernanke making a pretty clear that more stimulus is on the way, shares fell on wall street. earlier, i spoke to our correspondent at the new york stock exchange and asked why the market reacted negatively to bernanke's speech. >> you could read the statement from federal chairman ben bernanke that more cheap money is on its way, but you could very well read the statement that may be more money but maybe not as much as wall street

u.s. federal reserve may implement massive additional credit easing. the downside was capped as better than expected u.s. housing data later prompted dollar buying. >>> tokyo stocks are slightly lower on tuesday morning. export-related shares like cars and electronics led its highest level in 15 years. the nikkei entered the morning session at 9,383, down 0.2% from yesterday's close. but wall street's overnight rally is limiting the down side. and here's a look at the latest long-term interest rates. this is the yield on the benchmark ten had of year japanese government bond. in other asian markets, the hang seng opened 0.4% higher. it's down 0.1%. the blue chips are almost unchanged. and the sse composite down 0.3%. back to the main news with catherine. >>> a magnitude 7.7 earthquake has struck off indonesias sumatra island. a 65-centimeter tsunami has been observed in padang. no damage or casualties have been reported. the u.s. geological survey says the quake occurred at 14:42 utc on monday. the institute first announced that the magnitude was 7.5, b

u.s. federal reserve. our correspondent sent us this summary of the day's trading in frankfurt. >> the prospect of more quantitative easing by the u.s. federal reserve pushed the stock prices up in frankfurt on wednesday, but also, a few hard economic factors drove the market up. the chipmaker intel and the bank j.p. morgan chase beat analyst expectations with their third quarter earnings reports. the industrial production in europe is also stronger than anticipated. the increase in the eurozone's mfg. sector in august was up nearly 8%. >> we can stay in frankfurt for a closer look at the day's closing numbers and the dax, finishing more than 2% higher. euro stoxx 50 enjoying similar strong gains, closing. in the united states, dow rallied. euro trading and the value of $1.3955. britain's biggest mortgage lender, a state-supported lloyd's banking group has announced plans to cut 4000 jobs in its administrative and information technology divisions as it looks to reduce costs. the u.k. government still ownsw

u.s. federal reserve may further ease monetary policy is keeping the yen strong. here's a look at the latest long-term interest rates. here's a look it at the japanese ten-year government bond. the hang seng opens up 0.4% higher. the shanghai for major blue chips is up 0.3%. and the sse composite is up 1.3%. >>> we'll be back with more business news later. now back to catherean. >>> fifa is investigating allegations that two of its committee executives were selling their votes. they said reporters posing as executives from the u.s. found executives willing to accept money in change for selling their bids. they're identified as fifa's vice president and another member of the executive committee. they have released video of the undercover operation. fifa's executive committee is expected to decide in december which countries will host the world cup in 2018 and 2022. >>> 3 high-ranking prosecutors say they will resign to take responsibility for the cover-up of a scandal involving their subordinates at the osaki district public prosecutor's office. the case started wh

u.s. federal reserve has given the strongest indication that he may need to take more action to help the fragileconomy of the u.s. keep on track. >> in the u.k., the prime minister, david cameron has intervened to stop wrangling about the scale of cuts. it is believed the british army, navy and air force will face significant reductions, but the overall cut is now thought to be less than 10%. our defense corporate has more details. >> this was one of the toughest parts of the spending row. the prime minister intervened personally. at one stage it seemed it was agreed the m.o.d. thought it got a 7% cut, and then the treasury came back wanting a 10% cut. the general staff were angry and described it as a betrayal. they warned that cuts of 10% or more would hamper work on the front lines. settlement has finally happened this evening. we don't have the full details. we consider it will be less than 10%. it will still be painful. we believe britain will get the two aircraft carriers. they may lose up to 5,000 personnel in manpower over the next couple of years. the m.o.d. is saying it is a settlement

u.s. federal reserve white house is talking to china trying to share their experience while the u.s. federal reserve continues to print billions of dollars and pumping them into the economy isn't it isn't it actually a policy of dollar depreciation while they're voting for appreciation i would say that as a new government in the ward and there are first of all would like to solve all problems the problem of all nations as well as china as well as russia as well as british to go with an. of course of course it is a great danger for the united states that the economy ees facing the double deep economic recovery is not stable is not fast and there are great concerns that unemployment is high enough and the economy milf we may phase the second decline in the role and of course federal federal reserve would like to help to boost the economy by cheap money so money for a policy maybe is not the best instrument but is the only one remaining in the hands of the most of those social you think there the u.s. will continue the policy are of cheap credit and the price of the dollar will continue

u.s. federal reserve has indicated it may pump more dollars into the economy in order to kick start growth. but printing money generally results in a loss of value, meaning each dollar would be worth less. the scenario has led investors to sell off u.s. dollars and invest in other currencies instead. the euro is benefiting. it is now worth one u.s. dollar -- $1.40 u.s.. the u.s. government is determined to bolster the country's economy by injecting cash. analysts expect a multi-billion dollar stimulus package will be announced. dismal economic announcements are forcing the government to take action. >> while most european markets suffered losses this thursday, germans posted modest gains. >> more and more investors are convinced that, soon, the federal reserve will push a lot of fresh money into the economy. this prospect of porsche surged currencies again. the prospective also pushed to the euro upward. bulls also heavily in demand and other commodities and foodstuff -- gold was also heavily in demand and other commodities and foodstuff. hugo boss, the fashion maker, hilistededis market f

u.s. federal reserve is also likely to take additional monetary-easing measures next month. >>> japanese prime minister naoto kan says his government will continue to watch the foreign exchange markets and take action, if necessary, to prevent the yen from rising. an take action, if necessary, to prevent the yen from rising. at a lower house session on thursday, opposition leaders criticized the government for how it's handled the yen's appreciation. >> translator: why did the government wait until the dollar fell to 82 yen before it intervened? if the government had done something earlier, it would have been more effective. >> translator: the government intervened with the aim of preventing excessive fluctuations in the foreign exchange market. we will remain vigilant and take decisive measures once again, if necessary. >> prime minister kan also called on opposition parties to agree to hold consultations with the government to formulate policies on pension, health care, and social security. >>> the vietnamese government revealed on wednesday that china had captured a vietnamese fishing boat

u.s. federal reserve will do the same. with that in mind, the most economically sensitive stock sectors, materials and industrials, led the rally. the basic materials exchange traded fund added almost 3%. it is now well above its may high, and is within 50 cents a new 52 week high. it was a gold miner, a steel maker and a fertilizer company top the gainers. the miner, freeport mcmoran, rallied 4.5% to more than a two year high. steel maker allegheny tech was up 4%. steel stocks have been weak over worries about global demand. and fertilizer firm c.f. industries jumped 4%. industrial stocks were moving nicely, too. the sector e.t.f. added more than 2.5%, but remains just below its may high of just over $32 per share. there was only one loser among the s&p 500 industrial sector-- iron mountain. it's a records management company. shares cratered today, falling 9% on four times average volume. as earning season approaches, it warned that its 2011 outlook is below analysts' average estimates. speaking of outlooks, september sal

u.s. federal reserve will take larger than expected monetary easing measures. the greenback is currently trading at 80.67-69 while the euro's at 112.20-24. market players took their cue from news that the fed surveyed financial institutions to determine the size of credit easing measures. >>> japanese manufacturers are making more effort to deal with a strong yen as the currency hovers near the highest level in 15 1/2 years against the dollar. in midterm earnings reports released this week, a number of auto and electronics makers have raised the exchange rate forecast for the second business half year through march 2011. among electronics makers sharp revise the its forecast rate to 82 yen per dollar. that's its second upward revision this year. in july the company had raised its rate by two yen to 88 yen per dollar. nec and tdk also revised their rates by at least 70 and 80 rates per dollar. mitsubishi motor raised its forecast. they will also buy more parts from other countries. the measures are aimed at securing profits even if the yen stays strong for some

u.s. stocks are rising after indications that the federal reserve is ready to issue more stimulus obviously comic reports are also adding strength to the market retail sales climbed in september by more than economists predicted. a u.s. federal reserve chairman ben bernanke said on friday he is ready to support the economy though he did not say how investors believe the u.s. is ready to increase liquidity and push down interest rates but some analysts say central banks are failing to deal with the cause of the crisis asian investment experts have published a critical book called the gathering storm artie's lower emmet spoke to the co-author patrick young to ask what governments and central banks i doing wrong we've spent the last twenty years at an all you can eat buffet and we've basically kept eating and kept eating and eating and now we're food and i think the problem with that central banking is all about effectively when the party gets going the central bank must remove the punch bowl as well what's actually happened here is you know ben bernanke up the point where we got to one minute

u.s. federal reserve policy meeting next week. focus is now on what level of additional monetary easing america's central bank will implement. turning to currencies, the dollar's losing ground against the yen on speculation that the united states will take additional monetary easing measures. the dollar is currently trading between 81.62-66 while the euro is now at 112.66-71. sources say that the dollar is under strong selling pressure ahead of the fed policy's meeting next week. are and here's a look at the latest long-term interest rate. this is the yield on the benchmark 10-year japanese government bond. in other major markets hong kong's hang seng opened up half i percent higher. it's currently up 0.2%. the shanghai key index for major blue chips is slightly in the red. and in shenzhen the sse composite is slightly up, 0.2%. >>> japan's prime minister naoto kan has revealed his intention to join the transpacific partnership, a proposed free trade agreement in the asia pacific region. but the news may not be well received among

u.s. federal reserve's expected stimulus measures may not be enough to boost the economy japan's nikkei average and slightly higher but also from its morning highs exporters got a modest lift the yen reversed some of its recent strength against the u.s. dollar and hong kong's hang seng is trading one point eight percent lower. european stocks are also down in morning trading session of the footsies trading point eight percent lower with minors leading declines with xstrata and rio tinto old down over two percent on lower metals prices british american tobacco is also shedding one point nine percent after a trading update and germany's dax is down almost half a percent banked up one point four percent company results. the russian markets are trading lower following downturns in asia yes is losing point seven percent of the my six percent lower this hour all the blue chips are in the red on both bourses bucking the trend is removed hydro. russian banking sector profits have grown twelve fold to the first nine months of this year the banks made at that total a net total of twelve billion dollars c

u.s. federal reserve stimulus measure may be smaller than expected to ban sneakiest trading flat this hour investors are looking ahead to there were nice of results from major japanese later this week. now the russian markets will open in about an hour and here are today's closing figures most stocks finished in the red on lower oil and metals prices and that had a negative effect a most energies major banks were also under pressure of b.b.b. was down one point eight percent and bank finished point eight percent lower. now all staff has posted a one hundred twenty percent increase in net profit for the third quarter compared to the same period last year russia's largest oil producer heard just over two point five billion dollars from july to september beating analysts forecast growth of crude oil production as well as high crude oil and petroleum prices were the main factors putting proof results is also revealed its plans to participate in oil gas and refining projects in ecuador. now energy efficiency was a top issue at the presidential commission on modernisation to be treatment of told

u.s. federal reserve's expected stimulus measures may not be enough to boost the economy japan's nikkei average and it's like you higher but often this morning highs exporters go to the longest lived together reverse some of its recent strength against the u.s. dollar and hong kong's hang seng is trading at one point seven percent lower this hour. here in russia markets opened lower as well following downturns in asia the r.t.s. is down half a percent in the my six is trading a quarter of a percent lower all of the blue chips are in the red of both of course is bucking the trend is ross telecom and also hydro. well some banking sector profits have grown twelve fold in the first nine months of the year the banks made a net total of twelve billion dollars compared with just one billion in the same period in two thousand and nine and russia central bank is forecasting that the sector net profit will reach sixteen billion by the end of two thousand and ten however the crisis is still taking its toll of many banks with one hundred seventeen still suffering losses. global car production in two thousa

u.s. federal reserve minutes suggesting it's closer to injecting more stimulus into the american economy has boosted sentiment and positive forecast in the world's largest chip maker intel a lending support to tech stocks. and here in moscow both russian forces are around one percent higher echoing upward trend markets and you may just leaving the gains of raising the previous session losses because outperforming on the my sex nearly one point three percent this hour. rushes to hold a roadshow for swiss franc euro bonds next week it aims to raise several hundred million dollars in the finance gazprom bank have issued euro bonds denominated in swiss francs. and that's all the business news for this but we've got more coverage online at slash. almost seventy years of the red machine which so moved people wanted to leave in the past. he came to make changes to society it was immediate. to move the body but it wasn't possible to change the country's regime so quickly and with no ma boom op or no calls only fundamental changes in the state minimum people's minds want to. look every month we give

u.s. federal reserve stimulus measure may be smaller than expected japan's nikkei is down point thirteen percent in wednesday's trading session investors are looking ahead of the release of results from major japanese privacy later this week. now the us is ducks finished in the red on tuesday on lower oil and metals prices most energy majors were in the red as the price of crude fell banks also sell for its d.t.b. was down one point eight percent it's a bad bank finish point eight percent lower. are all snafus posted a one hundred twenty percent increase in net profit for the third quarter compared to the same period last year which is the largest oil producer earn just over two point five billion dollars from july to september meeting and those forecasts growth of crude oil production as well as high crude oil and petroleum products prices were the main factor as well improved results well snap also revealed its plans to participate in oil gas and refining projects in ecuador. and edgy efficiency was the top issue of the presidential commission on modernisation and the treatment of aid of told

u.s. federal reserve expected stimulus measures not be enough to boost the economy japan's nikkei average ended slightly higher but off from its morning ised exporters got a modest lift to get reverse some of its recent strength against the u.s. dollar hong kong's hang seng is trading one point eight percent this hour. and stocks in europe down in early trading as well the foot seas trading point eight percent lower with miners leading the declines because of missed xstrata and rio tinto all down over two percent on lower metals prices british american tobacco is also shedding one point nine percent after a trading update and germany's dax is down almost half a percent with deutsche bank up one point four percent on top of the results. the russian markets are trading lower following downturns in asia the r.t.s. is down over half a percent and a mind that trading over a quarter of a percent lower all the blue chips are in the red on both of course is bucking the trend is ross telecom and. russian banking sector profits have grown twelve fold in the first nine months of this year the banks

u.s. federal reserve meeting duration natural resources with an extra zero losing between one point six and two percent now both the russian markets there are also falling amid its mid session here in moscow again following those sharp falls in asian stocks banks and energy majors among the worst performing. is sitting over a percent local and roof hydro also losing telecom its top over one percent. moody's rating agency has lifted its outlook for russia's banking sector from negative to stable its side with better operating environment harlequin a-t. on the banks buffer against bad loans. brussels to make oh yeah broz plans to sell bonds for six hundred fifty million dollars the company is looking to refinance more than three billion dollars spent on acquisitions in north africa yes ross will also provide three point two billion dollars of new loans to just start in two thousand and eighteen. google is to introduce its own inflation index to track global prices the google price index will use live data from the web to show price changes for goods it will be more up to date than government'

u.s. federal reserve from financially repressing the american population of savers through zero percent interest rates and endless quantitative easing there that's a great point max and i think people are beginning to realize that not only do we have a war on capitalism emanating from washington we also have a war on savings and investment and these people who buy into that keane's in claptrap of sort of the paradox of thrift they really don't understand where jobs come from jobs and jobs come from investment and don't write savings should be investment so when you take a surplus in one area of the economy and reinvest it and put it to profitable use those are the seed to turn into new jobs and businesses and with the federal reserve punishing savers right now and basically pushing us further down the road towards an eventual currency crisis it we're not doing anyone any favors with the exception of the too big to fail who are trying to profit from this game of extended pretend now going back to the seventy's and early eighty's the u.s. was in a somewhat similar situation paul volcker was the fe

u.s. federal reserve signals it's likely to take new steps to boost the american economy. over night in asia stock markets all posted gains. they are responded to an unexpected increase in japan machinery order for the month. >>> checking in on wall street. it looks like we'll have a pretty good opening as well. we have earnings come in this morning. october usually a pretty good earnings month. jp morgan chase reports a profit. they jumped 23% in the first quarter. today the environmental protection agency is expected to announce it's approval for a higher concentration of ethanol. right now the epa has only improved a 10% increase. but reports say tests shows cars built in 2007 can handle a 15% mix of the corn base fuel. >>> time now just turning 5:21 general motors is preparing everyone ready for accidents for electric call car. focusing on its new volt electric car which goes on sale next year. this training included how to shut off the electric power and where to cut the strong steel body of the vehicle if someone was trapped inside. chevy says it will offer this clas

u.s. federal reserve will put more money into the economy. those gains follow a jump in most asian markets. and the shanghai index closed up 2.5%. they expect friday's u.s. job report will have the government take action. >>> stock features rose slightly this morning. investigators hoping to extend that rally. the dow up 57 points when the marts closed on friday. hoping the fed will stimulate the economy. >>> san francisco base retailer gap says it's already rethinking the new logo it introduced last week. gap customers have been sounding off on the company website saying they don't like the change. some have threatened to stop shopping at gap if it doesn't switch back. something gap can ill afford since it was one of the clothing stores that saw a drop in september. they are asking the customers for their ideas on a logo. >>> sis tomorrow a reality sell -- space tourism a reality celebrates. similar to this earlier test. they released it at an altitude of 45,000 feet. it's successfully landed in the desert. plans to start sending tourists in

u.s. the federal reserve has just announced another round of quantitative easing but who's right nobody is right i mean that's really the problem the difficulty is that when you've drunk three bottles then you may well think that you're capable of putting the world to right but at the same point in time you know you're going to wake up in the morning with a hangover this is the point where we're working up in the morning with a terrible hangover in a new book the gathering storm a group of finance he has got together to say that governments have learned nothing from this crisis policymakers to apply. old models and their economic projections and that could lead to inflation hitting ordinary people hard debt will have to be repaid and restructuring will have to begin but in the city there's a fear that people are in denial for sense of security i think yeah i think it's very convenient from the political perspective and overall feel good. to feel better you know people want to feel better you know but it's the fundamentals are not great people are still in denial out. there from the tax man

u.s. the federal reserve has just announced another round of quantitative easing but who's right nobody is right i mean that's really the problem the difficulty is that when you've drunk three bottles then you may well think that you're capable of putting the world to right but at the same point in time you know you're going to wake up in the morning with a hangover this is the point where we're working up in the morning with a terrible hangover in a new book the gathering storm a group of finance he has got together to say that governments have learnt nothing from this crisis policymakers are applying old models in their economic projections and that could lead to inflation hitting ordinary people hard when looking at the fiscal position. of the size of the deficits that governments are running. in relation to the size of the economy is yes we are we facing. sort of conditions which would be more associated with water time than with a peaceful prosperous development and that doesn't look sustainable for very long debts will have to be repaid and restructuring will have to begin but in the

u.s. currency first the dollar continues to slide on thursday after the federal reserve the u.s. central bank hinted it would start another round of concert printing news that the fed is planning to inject more liquidity to support asset prices caused investors to flee to safe havens gold and emerging markets stocks where the main game is. now does well it turns it comes just a day after russia's central bank said it would allow the ruble to trade more freely against the dollar and the euro it gives the ruble more room to maneuver before the central bank intervenes the central bank's deputy head says the trading ban was needed there's no inflation targeting he said the move will reduce the risk of speculative inflows of money. however analysts say the ruble is responding to trade flows as other central banks action could have little impact in the face of these fundamentals and the situation is also stay in the bill in the long run and despite any technical decisions despite the existence or elimination of when they're all wide chorus of brain but central bank will have to react t

u.s. federal reserve will also do when they meet in december. >> all of these feds, all of these governmentsrho you remember, joe, a y and a half ago, we talked about the risk the global bubble was a balloon and all are huffing and puffing into the balloon and trying to keep the air in it but it is still riddled with holes. it is difficult to stimulate growth when you have that much damage to the system. >> i will repeat again. alan greenspan was beaten up unmercifully because the fed cheapened money, lowered the rates. >> yes. >> alan greenspan looks like a tight-fist tight-fisted meiser compared to others. >> people were burnt terribly so. now, you are trying to tell them go out and take this free money and do stuff with it. they don't want to do that. the big fear is, you don't want to go into a deflationary spiral. the banks say, pump this money in and they are willing to take the risk, down the line, you have money flooding the system. every dollar isn't worth as much as it used to be. that's bad for everybody. that's bad for standards of living and potentially bad for inflation. they a