Christian Noyer News
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Central banks should be careful what they say about the future if they want flexibility to set monetary policy.
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French Finance Minister Pierre Moscovici declared the era of austerity over after his German counterpart offered flexibility on deficit cutting amid renewed bickering between Europe’s two biggest economies.
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Bank of France Governor Christian Noyer said French politicians need to be “courageous” in revamping the nation’s economy in the face of cultural resistance to change.
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European Central Bank Governing Council member Christian Noyer said the European Union’s flawed Cyprus rescue won’t serve as a model for defusing future crises.
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U.S. stocks rallied, sending the Standard & Poor’s 500 Index to its highest level ever, as China’s imports grew, Japan reiterated its stimulus plans and investors speculated earnings will beat estimates.
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French President Francois Hollande, stung by one of his ministers admitting he’d hid an overseas bank account, is preparing some of the strictest reporting requirements in Europe for politicians.
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Several Federal Reserve officials said the central bank should begin tapering its quantitative easing program later this year and stop it by year end, minutes of their March meeting showed.
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Several Federal Reserve officials said the central bank should begin tapering its quantitative easing program later this year and stop it by year end, minutes of their March meeting showed.
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The Bank of France boosted provisions for potential losses by 49 percent after increasing the size of its balance sheet as part of the European Central Bank’s crisis-fighting measures.
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Asian stocks rose, with the regional benchmark index poised for the biggest gain in seven months, as the yen neared 100 to the dollar after the Bank of Japan said it will maintain stimulus and loan growth in China topped estimates.
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