BIS: Central banks must end 'whatever it takes' policy

The Bank for International Settlements (BIS) says banks have done their bit to help economic recovery and now governments must do more.

Bernanke: US economy 'still far' from desired state

WASHINGTON: Federal Reserve Chairman Ben Bernanke said Monday that the US economy still has far to go to recover to an acceptable state of health.

Debt crisis: Mario Draghi cancels Jackson Hole appearance

European Central Bank president Mario Draghi will not attend the US Federal Reserve's Jackson Hole gathering of central bankers later this week due to a heavy workload, a spokesman said Tuesday.