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Global Markets Head Lower

Global stock markets headed lower at the end of a turbulent month that was dominated by concerns over China and the timing of the U.S. Federal Reserve’s future interest rate rise.

Meet the Private Watchdogs Policing Finance

The use of outside monitors to police financial institutions that have misbehaved has exploded in recent years, sometimes generating friction.

Fed Appears to Hold Line on Rate Plan

Federal Reserve officials emerged from a week of head-spinning financial turbulence largely sticking to their plan to raise U.S. interest rates before the end of the year.

EU Ministers Push for Action on Migrant Crisis

Germany, France and the U.K. pushed for a faster response in dealing with a migration crisis, as Hungarian police detained a fifth person in connection with the deaths of 71 migrants found in a truck in Austria.

Crises Put First Dents in Xi Jinping’s Power

Before a planned visit to the U.S., the Chinese president’s image as a bold leader is being undermined by his botched handling of the stock market rout and the country’s economic slowdown.

U.A.E. Takes Lead in Southern Yemen

U.A.E. forces prevented Houthi rebels in Yemen from overrunning the Yemeni port city of Aden and now also reluctantly find themselves in the business of nation-building.

Eni Reports Huge Natural-Gas Discovery off Egypt

Eni SpA said it made a massive natural-gas discovery off the coast of Egypt in what the Italian oil-and-gas company is calling the largest ever find in the Mediterranean Sea.

Apple’s Ad Blockers Rile Publishers

Apple’s move to make it easier to block ads on iPhones and iPads is troubling publishers and heightening tensions with its Silicon Valley neighbors like Google.

Personal Tech

Google OnHub Review: The Wi-Fi Router Gets a Brain

The search giant enters the home networking category, and makes your old router look stupid.

Iliad Lifted by New Mobile Clients

Iliad said net profit rose 16% in the first half as the French low-cost telecom company continued to win over new mobile clients with its ultracheap tariff plans.

Alibaba Targets Rural China for E-Commerce Growth

China e-commerce titans Alibaba and JD.com, facing a slowdown in the growth of their core urban customers, are battling to crack a new frontier: the sprawling countryside with some 600 million potential shoppers.

Hip-hop producer Irv “Gotti” Lorenzo, center, is seen in 2007. He calls himself a Signature Bank customer for life after the bank stood by him when he was facing money-laundering charges.

Hip-hop producer Irv “Gotti” Lorenzo, center, is seen in 2007. He calls himself a Signature Bank customer for life after the bank stood by him when he was facing money-laundering charges.

The Only Bank This Hip-Hop Mogul Will Use

Low-profile Signature Bank has become one of the nation’s fastest-growing lenders, attracting a fan base ranging from hip-hop mogul Irv “Gotti” Lorenzo to former Congressman Barney Frank

BNY Mellon’s Pricing Problems Persist

Executives at Bank of New York Mellon Corp. are racing against the clock to make it through a backlog of pricing issues before the markets open Monday morning.

Lawyer’s Offstage Acts Threaten Record Pact

When federal agents showed up at Keila Ravelo’s home three days before Christmas, they kicked off a chain of events that could send her to prison and scuttle the biggest antitrust settlement in U.S. history.

Ageas to Sell Hong Kong Life Insurance Business

Belgian insurance company Ageas said Sunday it will sell its Hong Kong Life insurance business to Chinese asset-management firm JD Capital for €1.23 billion.

Suppliers Feel Pain as Coal Miners Struggle

As big coal miners struggle, their equipment suppliers—thousands of businesses sprinkled throughout Pennsylvania, West Virginia, Ohio and Kentucky—are scrambling to find new customers anywhere they can. 85

China Slowdown to Hit Asia Electronics Supply Chain

After several years of torrid expansion, the slowdown in smartphone sales in China is expected to hit Asian parts suppliers.

VW Is Told to Shed Suzuki Stake

An international court has ordered Volkswagen of Germany to sell its nearly 20% stake in Suzuki, allowing the Japanese auto maker to extricate itself from the tie-up after a four-year struggle.

Canadian Oil Sands Halts Crude Production at Syncrude

Canadian Oil Sands Ltd.has halted production at its Syncrude project in northern Alberta after a fire damaged equipment at its synthetic crude oil processing facility.

In Japan, Foreigners Fill Workforce Gaps

Non-Japanese are taking a bigger role in powering Japan’s economy, as a labor shortage impels the nation to overcome its longstanding resistance to foreign workers.

France to Finance Tax Cuts With Cost Savings

The French government says it can find $2.2 billion worth of savings in 2016 to pay for tax cuts for households without sacrificing France’s commitment to reduce the budget deficit.

Climate Change Builds as 2016 Issue

President Barack Obama’s trip to Alaska’s Arctic on Monday will likely reverberate much farther south, on the 2016 presidential campaign trail, where global warming is expected to emerge as a key issue. 259

Egypt Rejects Criticism of Journalists’ Jail Sentences

Egypt’s foreign ministry rejected international criticism of a court’s decision to sentence a team of Al Jazeera journalists to three years in prison, summoning the British ambassador to Egypt for condemning the verdict.

At Least 11 Die in Saudi Arabia Fire

A large fire at a residential compound of Saudi Arabia’s state-owned oil giant killed at least 11 people and injured more than 200, officials said. The cause of the fire was unknown.

Video

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11

Buzz Aldrin Developing Plan to Colonize Mars

1:09

Urban Gardner

My Ping-Pong Paddling by Tennis Star Rafael Nadal

Columnist Ralph Gardner Jr. takes on tennis champion Rafael Nadal in ping pong. It was probably a good thing that they didn’t keep score.

Music

Foals’ ‘What Went Down’ Is a Visceral Confessional

Yannis Philippakis, the lead singer whose energetic stage presence and novelistic lyrics have made Foals one of British rock’s most compelling propositions, talks about the band’s fourth album.

WSJ Blogs

Real-time commentary and analysis from The Wall Street Journal
Die Seite Drei
Schnelle Analysen und Beobachtungen zum Zeitgeschehen

Ben Bernanke – der große Kommunikator

Ben Bernanke hat die US-Zentralbank aus der kommunikativen Steinzeit geführt. Er hat regelmäßige Pressekonferenzen eingeführt und tritt im Fernsehen auf. Für die Federal Reserve war das früher undenkbar. Jetzt hat sich Bernanke sogar auf Twitter eingelassen. Die volle Wucht des Mediums hat er zwar noch gescheut, aber immerhin konnten bei einer Diskussionsrunde an der Uni Michigan Fragen eingereicht werden, die der wichtigste Währungshüter der Welt beantwortete. „Wir sind etwas altmodisch“, meinte er dazu lakonsich. „Aber wir kommen voran.“

Associated Press
US-Notenbankchef Ben Bernanke stand an der Uni Michigan Rede und Antwort – auch für Internet-Nutzer.

Bernanke hat damit innerhalb der verstaubten und geheimbündlerischen Welt der Notenbanker eine kleine Revolution eingeläutet, die dem professoral auftretenden 59-Jährigen so keiner zugetraut hatte. Er hat das Erbe einer Kaste ausgeschlagen, deren letzter dieser Art sein Vorgänger Alan Greenspan gewesen ist: Vieldeutige Orakel.

Greenspan verkündete seine Einfälle zur Geldpolitik, die ihm unter der Dusche gekommen waren, murmelnd, nuschelnd und am liebsten nichtssagend. „Ich sollte sie warnen – falls ich mich besonders klar ausgedrückt haben sollte, haben sie mich wahrscheinlich missverstanden“, ist sein bekanntestes Zitat. Gegen die Fed-Entscheidungen waren die Kommuniquees des Kremls zu Sowjetzeiten Offenbarungen einer klaren Sprache. Das kommunikationswissenschaftliche Axiom „Man kann nicht nicht kommunizieren“ schien für die Zentralbankwelt außer Kraft gesetzt.

Dem hat Bernanke ein Ende gesetzt. Er hat sich auch dafür stark gemacht, klare Zeiträume zu benennen, wie lange Zinsen niedrig bleiben und wie stark die Arbeitslosigkeit sinken soll. Ob er bald selbst in die Tasten hauen wird, um die Welt mit 140 Zeichen langen Nachrichten zu überraschen, steht aber noch in den Sternen. Das überlässt er anderen, die sich in Fake-Accounts über die 1-Billion-Dollar-Münze lustig machen oder Häme gegen den Bundesbankchef verteilen.

Am meisten, erklärte Bernanke, interessiere er sich unter den neuen Medien für Blogs über Baseball. Aber er scheint auch ab und zu in Foren über die Geldpolitik zu lesen. „Das Internet ist eine gute Plattform für den intellektuellen Austausch.“

Die Fed ist etwas altmodisch. Aber sie kommt voran.

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Die Seite Drei – Über uns

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The Wall Street Journal & Breaking News, Business, Financial and Economic News, World News and Video
Search

Global Markets Head Lower

Global stock markets headed lower at the end of a turbulent month that was dominated by concerns over China and the timing of the U.S. Federal Reserve’s future interest rate rise.

Meet the Private Watchdogs Policing Finance

The use of outside monitors to police financial institutions that have misbehaved has exploded in recent years, sometimes generating friction.

Fed Appears to Hold Line on Rate Plan

Federal Reserve officials emerged from a week of head-spinning financial turbulence largely sticking to their plan to raise U.S. interest rates before the end of the year.

EU Ministers Push for Action on Migrant Crisis

Germany, France and the U.K. pushed for a faster response in dealing with a migration crisis, as Hungarian police detained a fifth person in connection with the deaths of 71 migrants found in a truck in Austria.

Crises Put First Dents in Xi Jinping’s Power

Before a planned visit to the U.S., the Chinese president’s image as a bold leader is being undermined by his botched handling of the stock market rout and the country’s economic slowdown.

U.A.E. Takes Lead in Southern Yemen

U.A.E. forces prevented Houthi rebels in Yemen from overrunning the Yemeni port city of Aden and now also reluctantly find themselves in the business of nation-building.

Eni Reports Huge Natural-Gas Discovery off Egypt

Eni SpA said it made a massive natural-gas discovery off the coast of Egypt in what the Italian oil-and-gas company is calling the largest ever find in the Mediterranean Sea.

Apple’s Ad Blockers Rile Publishers

Apple’s move to make it easier to block ads on iPhones and iPads is troubling publishers and heightening tensions with its Silicon Valley neighbors like Google.

Personal Tech

Google OnHub Review: The Wi-Fi Router Gets a Brain

The search giant enters the home networking category, and makes your old router look stupid.

Iliad Lifted by New Mobile Clients

Iliad said net profit rose 16% in the first half as the French low-cost telecom company continued to win over new mobile clients with its ultracheap tariff plans.

Alibaba Targets Rural China for E-Commerce Growth

China e-commerce titans Alibaba and JD.com, facing a slowdown in the growth of their core urban customers, are battling to crack a new frontier: the sprawling countryside with some 600 million potential shoppers.

Hip-hop producer Irv “Gotti” Lorenzo, center, is seen in 2007. He calls himself a Signature Bank customer for life after the bank stood by him when he was facing money-laundering charges.

Hip-hop producer Irv “Gotti” Lorenzo, center, is seen in 2007. He calls himself a Signature Bank customer for life after the bank stood by him when he was facing money-laundering charges.

The Only Bank This Hip-Hop Mogul Will Use

Low-profile Signature Bank has become one of the nation’s fastest-growing lenders, attracting a fan base ranging from hip-hop mogul Irv “Gotti” Lorenzo to former Congressman Barney Frank

BNY Mellon’s Pricing Problems Persist

Executives at Bank of New York Mellon Corp. are racing against the clock to make it through a backlog of pricing issues before the markets open Monday morning.

Lawyer’s Offstage Acts Threaten Record Pact

When federal agents showed up at Keila Ravelo’s home three days before Christmas, they kicked off a chain of events that could send her to prison and scuttle the biggest antitrust settlement in U.S. history.

Ageas to Sell Hong Kong Life Insurance Business

Belgian insurance company Ageas said Sunday it will sell its Hong Kong Life insurance business to Chinese asset-management firm JD Capital for €1.23 billion.

Suppliers Feel Pain as Coal Miners Struggle

As big coal miners struggle, their equipment suppliers—thousands of businesses sprinkled throughout Pennsylvania, West Virginia, Ohio and Kentucky—are scrambling to find new customers anywhere they can. 85

China Slowdown to Hit Asia Electronics Supply Chain

After several years of torrid expansion, the slowdown in smartphone sales in China is expected to hit Asian parts suppliers.

VW Is Told to Shed Suzuki Stake

An international court has ordered Volkswagen of Germany to sell its nearly 20% stake in Suzuki, allowing the Japanese auto maker to extricate itself from the tie-up after a four-year struggle.

Canadian Oil Sands Halts Crude Production at Syncrude

Canadian Oil Sands Ltd.has halted production at its Syncrude project in northern Alberta after a fire damaged equipment at its synthetic crude oil processing facility.

In Japan, Foreigners Fill Workforce Gaps

Non-Japanese are taking a bigger role in powering Japan’s economy, as a labor shortage impels the nation to overcome its longstanding resistance to foreign workers.

France to Finance Tax Cuts With Cost Savings

The French government says it can find $2.2 billion worth of savings in 2016 to pay for tax cuts for households without sacrificing France’s commitment to reduce the budget deficit.

Climate Change Builds as 2016 Issue

President Barack Obama’s trip to Alaska’s Arctic on Monday will likely reverberate much farther south, on the 2016 presidential campaign trail, where global warming is expected to emerge as a key issue. 259

Egypt Rejects Criticism of Journalists’ Jail Sentences

Egypt’s foreign ministry rejected international criticism of a court’s decision to sentence a team of Al Jazeera journalists to three years in prison, summoning the British ambassador to Egypt for condemning the verdict.

At Least 11 Die in Saudi Arabia Fire

A large fire at a residential compound of Saudi Arabia’s state-owned oil giant killed at least 11 people and injured more than 200, officials said. The cause of the fire was unknown.

Video

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11

Buzz Aldrin Developing Plan to Colonize Mars

1:09