Tag Archives: Us Federal Reserve

$100 bill redesigned – The US Federal Reserve has given an all new design for the $100 bill. The new $100 bills will begin circulating from October 2013, that is almost 2 years after it was initially planned. The Fed has set a target date of Oct. 8. The redesigned note incorporates added security features, such as a blue, 3-D ... Read More »

In a historic move, the Federal Reserve has cleared and allowed China’s Biggest Bank ICBC to takeover a US bank by a Chinese state-controlled company. Just days after high-level US-China economic talks in Beijing, the Federal Reserve approved an application from Industrial and Commercial Bank of China to buy a majority stake in the US subsidiary of Bank of East ... Read More »

The US economy grew at a faster pace than initially thought, figures show. The economy grew at an annualised rate of 2.5% in the July-to-September period, up from an earlier estimate of 2%, the Commerce Department said. Earlier this month, the US Federal Reserve said it would pump $600bn (£373bn) into the economy to try to boost the economic recovery. ... Read More »

China, the owner of a large portion of U.S. debt,  has begun to put the screws on local banks with new rules on credit and some of the biggest state-owned banks will be affected in the country. “The jump in the dollar is accompanied by a dip in the yen this morning, which could yet allow the Bank of Japan ... Read More »