March 20 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the Fed has seen improvement in the U.S. labor market in recent months.
He spoke at a news conference today in Washington in response to a question about whether progress is close to warranting a slowing of the pace of asset purchases. (This is an excerpt. Source: Bloomberg)
35:17 - China’s imports extended the longest losing streak in six years, underscoring the headwinds to global growth from a rebalancing in the world’s second-largest economy. Asian shares, copper, the yuan and the Australian dollar weakened. Imports plunged 17.7 percent in yuan terms in September from a year earlier, widening from a 14.3 percent decrease in August and an 11th straight decline. Exports fell 1.1 percent in September in yuan terms, the customs administration said Tuesday, compared with a 6.1 percent drop in August.
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