U.S. stocks fell as much as 3 percent Wednesday and European stock markets dropped even further because of concerns about weak U.S. economic growth and growing worries about Europe’s debt problems. Asian stocks closed earlier Wednesday with gains. The decline in Europe and the United States ended a strong stock rally that began Tuesday after […]
Rating Agencies Affirm France’s AAA Credit
Posted August 10th, 2011 at 1:20 pm (UTC-5)
The three major credit rating agencies have affirmed France’s AAA rating even as the country’s borrowing costs are increasing. Standard & Poor’s, Moody’s Investors Service and Fitch Ratings all said Wednesday they are maintaining the country’s top credit standing. The statements by the credit rating agencies came as worries mounted that France could be the […]
Sarkozy Ends Vacation to Work on Deficit Cuts
Posted August 10th, 2011 at 11:20 am (UTC-5)
French President Nicolas Sarkozy has promised that France will stick to its deficit-cutting goals in a bid to reassure markets rattled by the eurozone debt crisis. Mr. Sarkozy cut short his vacation Wednesday and called an emergency meeting with key government ministers to discuss the financial crisis. He says the August 24 meeting will produce […]
Global Stocks Drop Again After Rebound
Posted August 10th, 2011 at 11:15 am (UTC-5)
U.S. and European stock markets fell sharply Wednesday because of continuing concerns about weak U.S. economic growth and Europe’s debt problems. Asian stocks closed earlier Wednesday with gains. The decline in Europe and the United States ended a strong stock rally that began Tuesday after top officials of the U.S. central bank said they will […]
Global Stocks Drop Again After Rebound
Posted August 10th, 2011 at 10:30 am (UTC-5)
U.S. and European stock markets fell sharply Wednesday because of continuing concerns about weak U.S. economic growth and Europe’s debt problems. Asian stocks closed earlier Wednesday with gains. The decline in Europe and the United States ended a strong stock rally that began Tuesday after top officials of the U.S. central bank said they will […]
Global Stocks Rebound and Then Sag
Posted August 10th, 2011 at 9:45 am (UTC-5)
Many stock markets around the world rebounded Tuesday and early Wednesday after top officials of the U.S. central bank said they will probably keep interest rates at their current ultra-low level until the middle of 2013. But continuing concerns about the U.S. economy and Europe’s debt problems drove U.S. and European stocks back down sharply […]
Asian Markets Soar in Response to US Fed Action
Posted August 10th, 2011 at 5:40 am (UTC-5)
Stock markets across Asia closed in positive territory Wednesday, mirroring the previous day’s big rebound on Wall Street from Monday’s massive sell-off. Japan’s main Nikkei index finished Wednesday’s trading session one percent higher, while Hong Kong’s index, the Hang Seng, gained more than two and one-quarter percent. Indexes in Sydney, Wellington and Taiwan also finished […]
Asian Markets Soar in Response to US Fed Action
Posted August 10th, 2011 at 3:10 am (UTC-5)
Stock markets across Asia are closing in positive territory Wednesday, mirroring the previous day’s big rebound on Wall Street from Monday’s massive sell-off. Japan’s main Nikkei index finished Wednesday’s trading session one percent higher, while Taiwan’s stock exchange gained over three percent. Markets in Hong Kong and Sydney were trading at least two percent higher […]
Asian Markets Open Higher
Posted August 9th, 2011 at 8:55 pm (UTC-5)
Asian markets opened sharply higher Wednesday after a good day on Wall Street, when U.S. stocks gained back a good part of Monday’s sell-off. Major indexes in Seoul and Sydney were up about 3 percent shortly after the opening. Tokyo’s Nikkei was almost 2 percent higher. U.S. markets swung wildly back and forth between sharp […]
US Central Bank To Hold Interest Rates Low
Posted August 9th, 2011 at 3:40 pm (UTC-5)
Top officials of the U.S. central bank say they are worried that the economy is recovering more slowly and the labor market is weaker than they expected. Tuesday, in a bid to boost the faltering U.S. economy, they voted to keep the key interest rate in its current ultra-low range until at least the middle […]
