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ECB unwinds liquidity support for banks

The surprise announcement of tougher standards for asset-backed securities used as collateral highlights how far the bank is planning its 'exit strategy' to dismantle measures taken after last year's collapse of Lehman Brothers

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Wall Street lower on Dell's earnings, Trichet remark

Wall Street continued the previous decline Friday, after the technology giant Dell posted disappointing earnings and European Central Bank (ECB) President Jean-Claude Trichet said policy makers will withdraw emergency cash...

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ECB Takes Step Toward Crisis Exit

BY BRIAN BLACKSTONE FRANKFURT, Germany -- European Central Bank President Jean-Claude Trichet warned banks against "addiction" to abundant and cheap credit as the ECB took a first step toward unwinding its financial-support...

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Dollar Rises as Investors Cut Exposure to Higher Yielding Assets

The U.S. Dollar is up sharply against most major currency as investors continue to cut exposure to higher risk and higher yielding assets. Some traders are calling this the start of a major bottom. Others feel that this is...

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Stock Indices in Position to Form Weekly Reversal Top

The stronger Dollar is pressuring equity and commodity prices today. Some traders believe this is the start of a change in trend in higher risk markets while other feel this is just early end-of-the-year liquidation. Comments...

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Document Security Systems Announces Ruling in Patent Validity Hearing by Austrian Patent Office

Posted on: Friday, 20 November 2009, 15:30 CST ROCHESTER, N.Y., Nov. 20 /PRNewswire-FirstCall/ -- (the "Patent"), that was awarded to the Company by the European Patent Office, has been deemed invalid in Austria due to "added...

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Market Snapshot: U.S. stocks off lows as tech losses ease slightly

Stocks stay weak but climb off day's lows Dollar gets a rise on talk of tightening; Treasurys climb By Geoffrey Rogow & Donna Kardos Yesalavich, MarketWatch NEW YORK (MarketWatch) -- U.S. stocks were weaker but off their lows...

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Market Snapshot: Risk aversion sends stocks lower for 3rd day

Blue chips score weekly gain as indexes bounce off day's lows By Peter McKay, MarketWatch NEW YORK (MarketWatch) -- Investors sought safety Friday by selling stocks for a third straight day in favor of the dollar and Treasurys,...

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Auditing the central bank: a jolly good thing!

What is so important about H.R. 1207: the Federal Reserve Transparency Act of 2009 aka the ‘Audit the Fed’ bill? This bill “To amend title 31, United States Code, to reform the manner in which the Board of Governors of the...

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Banks can't be addicted to liquidity-Trichet

Banks run the risk of becoming addicted to cheap and abundant central bank funds, European Central Bank President Jean-Claude Trichet said on Friday, stressing these will be withdrawn as the situation normalises.

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