FEDERAL RESERVE

European stocks gain in the morning trade, following global markets, on hopes of US lawmakers reaching a solution on the 'fiscal cliff'.

Leading candidate for Prime Minister seeks big changes for BoJ that have implications for central banks all over the world.

Eurozone concerns continue with Greek bailout issues.

Nikkei gains 0.04 percent while KOSPI closes 0.23 percent up. Hang Seng and Shanghai indices also end trade at 1.20 and 0.37 percent higher.

Japanese economy contracts 0.9% in third quarter and by 3.5% on yearly basis.

Traders from UBS and the Royal Bank of Scotland and Barclays could be arrested as part of the months-long probe into allegations of rate rigging in the bank rate known as Libor.

Investors prepare for market reaction after the President's resounding election victory and return to the White House

With both the Fiscal Cliff and a new Fed Chairman in play for the next President, global investors await results of the most economically important elections in decades.

Improved US jobs data fails to cheer

HSBC says it has put aside an extra $800m to satisfy US regulators but adds the costs of its money laundering activities could be "significantly" higher than $1.5bn

Amendments to Vicker's Report likely after parliament grills Finnish central bank governor Erkki Liikanen.

Quazi Mohammad Rezwanul Ahsan Nafis got into US on a student visa

FX specialists debate on whether the US Federal Reserve is intentionally weakening the dollar, resulting in a ‘currency war’.

Vikram Pandit steps down after five years at the head of Citigroup after third-biggest US bank posts solid earnings

World Bank's East Asia and Pacific Economic Monitor predicts the region's growth to be 7.2%.

Labour Party Leader Ed Miliband's attack on the economic record of Prime Minister David Cameron and Chancellor George Osborne raises several questions of accuracy.

Treasury secretary bears brunt of blame over litigation costs related to Libor rigging.

Founder of world's biggest bond fund says US needs annual $1.6 trillion in austerity measures.

Asian markets were mixed in the week as worries over European debt crisis continued amid positive measures from governments.

Most Asian markets ease following news of low business confidence in Germany and weak forecast from Caterpillar.

Monetary policy uncertainty and lack of cues from central banks impact markets.