French Finance Minister Christine Lagarde’s bid to head the International Monetary Fund received a big boost Sunday when Egypt, Indonesia, and the United Arab Emirates publicly endorsed her over two other candidates. The backing from those three countries came as Lagarde visited Egypt to shore up support for her candidacy. Lagarde said the visit left […]
Egypt, Indonesia, UAE Back Lagarde’s Bid for IMF Job
Posted June 12th, 2011 at 5:00 pm (UTC-5)
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US Stocks Close Lower, Dow Under 12,000
Posted June 10th, 2011 at 4:40 pm (UTC-5)
U.S. stocks were lower at closing Friday. The Dow Jones Industrial Average dropped 1.4 percent , falling below 12,000 to 11,952. The S&P 500 also fell 1.4 percent to 1,271. The Nasdaq Composite Index dropped 1.5 percent to 2,644. European stock markets were lower at the close of trading. London’s Financial Times 100 index was […]
US Stocks Fall
Posted June 10th, 2011 at 2:15 pm (UTC-5)
U.S. stock market indexes fell in Friday’s midday trading. The Dow Jones Industrial Average lost nearly 1.5 percent, while both the S&P 500 and the NASDAQ slid more than 1.5 percent. European stock markets were lower at the close of trading. London’s Financial Times 100 index was down more than 1.5 percent to end at […]
US Stocks Fall
Posted June 10th, 2011 at 10:05 am (UTC-5)
U.S. stock markets declined in Friday’s early trading. The Dow Jones Industrial Average and the S&P 500 lost two-thirds of a percent, while the NASDAQ slid nearly half a percent. European stock markets were lower in afternoon trading. London’s Financial Times 100 index was down three-tenths of a percent. The CAC 40 in Paris lost […]
Germany Says Private Creditors Must Help With Greek Bailout
Posted June 10th, 2011 at 9:35 am (UTC-5)
German Finance Minister Wolfgang Schaeuble told parliament Friday that private investors will have to help with a new financial aid package for Greece. Schaeuble said European finance ministers are setting up a working group to find a “good solution” for the involvement of the private sector that the European Central Bank can support. He said […]
US Stocks Close Higher
Posted June 9th, 2011 at 4:35 pm (UTC-5)
U.S. stock market indexes rose in Thursday’s trading. The Dow Jones Industrial Average advanced six-tenths of a percent to end at 12,124. The S&P 500 rose seven-tenths of a percent to close at 1,289 and the NASDAQ composite index gained a third of a percent to finish at 2,685. European stock markets were higher at […]
Crude Oil Prices Rise
Posted June 9th, 2011 at 3:35 pm (UTC-5)
Here are the prices of some key commodities traded in New York on Thursday: Crude oil prices rose more than $1 to close at $101.93 a barrel. Coffee prices gained 3 cents to finish at $2.67 per pound. Copper prices lost a fraction of a cent to end the day’s trading at $4.10 a pound. […]
US Stocks Rise
Posted June 9th, 2011 at 12:55 pm (UTC-5)
U.S. stock market indexes rose in Thursday’s middday trading. The Dow Jones Industrial Average and the S&P 500 rose nine-tenths of a percent and the NASDAQ gained half a percent. European stock markets were higher at the close of trading. London’s Financial Times 100 index gained eight-tenths of a percent to end at 5,856. The […]
US Stocks Rise
Posted June 9th, 2011 at 10:50 am (UTC-5)
U.S. stock market indexes rose in Thursday’s early trading. The Dow Jones Industrial Average and the S&P 500 rose six-tenths of a percent and the NASDAQ gained three-tenths of a percent. European stock markets were higher in afternoon trading. London’s Financial Times 100 index gained seven-tenths of a percent, the CAC-40 in Paris moved up […]
US Trade Deficit Improves
Posted June 9th, 2011 at 10:25 am (UTC-5)
The U.S. trade deficit improved in April, as exports hit a record while imports of oil and automobiles declined. Thursday’s report from the Commerce Department showed the gap between what Americans sell overseas and what they buy from foreigners narrowed 6.7 percent to a monthly total of $43.7 billion. High prices cut U.S. demand for […]
