Markets News Friday: Fed forecast to raise rates in 2010; German economists say no ECB move until 2011; O’Leary say BA/Iberia like “drunks”
Nov 13th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities; Fed expected to raise rates by next September; German economists expect no ECB move until 2011. Meanwhile, the proposed merger between British Airways (BA) and Iberia would be bad for consumers as the merged airline would raise ticket prices on their competing routes, Michael O'Leary, CEO of Ryanair, told CNBC Friday.