China to Tighten Monetary Policy in 2011

Chinese leaders say they will tighten monetary policy in 2011, a sign that authorities are increasingly concerned about rising inflation.

The Politburo decided that China’s monetary policy should shift “from relatively loose to prudent next year,” Th…

SEC in Talks to Settle Mortgage-Bond Probe

Regulators are in talks with several major banks to settle a number of investigations of their sales of mortgage-bonds, The Wall Street Journal reported.

The probe focused on the sale of pools of mortgages and other loans as collateralized debt oblig…

ECB Leaves Rates Unchanged; Markets Await Word from Trichet

The European Central Bank left interest rates unchanged for a 20th straight month.

Officials at the ECB in Frankfurt left the benchmark lending rate unchanged at 1%, Bloomberg News reported. The move was widely forecast by analyst and economists.

A…