Top officials of the U.S. central bank say they will keep the key interest rate in its current ultra-low range until at least the middle of 2013. That rate was cut to between zero and one-quarter of a percent in December of 2008. Tuesday’s Federal Reserve announcement is intended to bolster the faltering U.S. economy, […]
US Central Bank To Hold Interest Rates Low
Posted August 9th, 2011 at 2:45 pm (UTC-5)
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Markets Await US Federal Reserve Announcement
Posted August 9th, 2011 at 12:35 pm (UTC-5)
U.S. stock markets rebounded strongly in Tuesday’s trading after Monday’s large losses. Prices fell sharply on key Asian markets Tuesday, while most European indexes swung from steep losses to strong gains. Global stock markets have taken some deep losses in volatile trading since a rating agency cut the U.S. government’s credit rating one level last […]
US Worker Productivity Falls
Posted August 9th, 2011 at 10:40 am (UTC-5)
The productivity of U.S. workers dropped at a three-tenths of a percent annual rate in April, May, and June. Tuesday’s report from the Labor Department says it is the second quarter in a row for falling productivity. The data measures how much an individual worker turns out in one hour. Businesses watch productivity closely because […]
Markets Await US Federal Reserve Meeting
Posted August 9th, 2011 at 9:55 am (UTC-5)
Gold, a traditional safe investment in troubled times, has hit a series of record high prices. The prices of most other commodities, including oil, fell as investors appeared to expect a slowdown that would cut demand for energy and materials. U.S. President Barack Obama said he disagrees with the downgrade by the Standard and Poor’s […]
Asian, European, Markets Fall, Await Fed Action
Posted August 9th, 2011 at 6:20 am (UTC-5)
Asian and European markets are lower Tuesday as investors react to an unprecedented downgrade of the U.S. government’s credit rating and lingering concerns about European debt problems and global economic growth. Japan’s Nikkei index closed 1.68 percent lower Tuesday, recovering from a more than 4 percent drop earlier in the session. Analysts said some buyers […]
Asian, European, Markets Lower
Posted August 9th, 2011 at 4:55 am (UTC-5)
Asian and European markets are lower Tuesday as investors react to an unprecedented downgrade of the U.S. government’s credit rating and lingering concerns about European debt problems and global economic growth. Japan’s Nikkei index closed 1.68 percent lower Tuesday, recovering from a more than 4 percent drop earlier in the session. Analysts said some buyers […]
Asian Markets Rebound Partly After Steep Early Losses
Posted August 9th, 2011 at 4:55 am (UTC-5)
Asian traders suffered another roller coaster day Tuesday, watching stocks tumble dramatically at the day’s opening only to recover partly before the close. Gold broke new records, surging to more than $1,770 an ounce before settling back later in the day. Oil fell. Analysts said the partial recovery was based in part on hopes that […]
Asian Markets Trim Losses as Investors Look for Bargains
Posted August 9th, 2011 at 3:40 am (UTC-5)
Asian markets are lower Tuesday as investors react to an unprecedented downgrade of the U.S. government’s credit rating and lingering concerns about European debt problems and global economic growth. Japan’s Nikkei index closed 1.68 percent lower Tuesday, recovering from a more than 4 percent drop earlier in the session. Analysts said some buyers came in […]
Asian Markets Trim Losses as Investors Look for Bargains
Posted August 9th, 2011 at 3:00 am (UTC-5)
Asian markets are lower Tuesday as investors react to an unprecedented downgrade of the U.S. government’s credit rating and lingering concerns about European debt problems and global economic growth. Japan’s Nikkei index closed 1.68 percent lower Tuesday, recovering from a more than 4 percent drop earlier in the session. Analysts said some buyers came in […]
World Stocks Tumble, But US Treasuries Gain on Downgrade
Posted August 9th, 2011 at 12:55 am (UTC-5)
Global financial markets continue their plunge in reaction to an unprecedented downgrade of the U.S. government’s credit rating and lingering concerns about European debt problems and global economic growth. In early Asia trading Tuesday, Hong Kong’s Hang Seng index is down nearly 6 percent, while Japan’s Nikkei index is nearly 4 percent lower. Seoul’s KOSPI […]
