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 […]
Rating Agencies Affirm France’s AAA Credit
Posted August 10th, 2011 at 1:20 pm (UTC-5)
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US Stocks Plunge in Early Tuesday Trading
Posted August 10th, 2011 at 10:25 am (UTC-5)
U.S. stock indexes retreated sharply in early trading Wednesday, giving back big gains from the day before. The Dow Jones Industrial Average was off 2.5 percent, with the broader S&P 500 down 2.4 percent. The NASDAQ was down 2.3 percent. European stock prices were also down in afternoon trading. London’s Financial Times index is down […]
US Stocks Advance Sharply in Midday Trading Tuesday
Posted August 9th, 2011 at 12:35 pm (UTC-5)
U.S. stock indexes advanced sharply in midday trading Tuesday after the huge sell-off on Monday. The Dow Jones Industrial Average is ahead 2.1 percent, the broader S & P 500 2.8 percent and the NASDAQ by 3.5 percent. In Europe, London’s Financial Times 100 index jumped 1.9 percent to end at 5,165, while the CAC-40 […]
US Stocks Open Sharply Higher Tuesday
Posted August 9th, 2011 at 10:40 am (UTC-5)
U.S. stock indexes jumped sharply in early trading Tuesday after the huge sell-off on Monday. The Dow Jones Industrial Average is ahead 2 percent, the broader S&P 500 2.5 percent and the NASDAQ more than 3 percent. European markets were falling in afternoon trading. London’s Financial Times 100 index is down one-half of one percent. […]
Supporters of Former Ukrainian PM Protest Her Arrest
Posted August 6th, 2011 at 10:00 am (UTC-5)
Supporters of former Ukrainian prime minister Yulia Tymoshenko have started a sit-in outside the Kyiv courthouse to protest her arrest. At least 100 supporters, including some members of the Ukraine parliament, pitched 30 tents Saturday and said they would maintain a vigil until authorities released the 50-year-old former leader. Ms. Tymoshenko was arrested in the […]
UN Peacekeeper Killed in Darfur
Posted August 5th, 2011 at 3:40 pm (UTC-5)
A United Nations spokesman says one U.N. peacekeeper was killed and another seriously wounded Friday when their vehicle was attacked by gunmen in the Darfur region of Sudan. The U.N. says the peacekeepers were part of the Joint United Nations-African Union force in Darfur (UNAMID) and were ambushed in the village of Duma, northeast of […]
Italy Says It Will Balance Its Budget by 2013
Posted August 5th, 2011 at 3:30 pm (UTC-5)
With its borrowing costs sharply increasing, Italy says it will balance its budget by 2013, a year earlier than originally planned. Italian Prime Silvio Berlusconi made the pledge Friday night at a hastily called press conference, saying the government would also seek to win approval for a constitutional amendment requiring it to balance its annual […]
US Stock Advance as Asian, European Markets Fall
Posted August 5th, 2011 at 2:40 pm (UTC-5)
U.S. stock indexes advanced on Friday in a volatile day of trading, even as Asian and European markets fell amid fears that the global economy was headed to a new downturn. The American markets teetered between gains and losses, but moved ahead on news that debt-plagued Italy will speed up a package of austerity reforms […]
UN Peacekeeper Killed in Darfur
Posted August 5th, 2011 at 2:20 pm (UTC-5)
A United Nations spokesman says one U.N. peacekeeper was killed and another seriously wounded Friday when their vehicle was attacked by gunmen in the Darfur region of Sudan. The U.N. says the peacekeepers were part of the Joint United Nations-African Union force in Darfur (UNAMID) and were ambushed in the village of Duma, northeast of […]
World Stock Indexes Continue to Fall
Posted August 5th, 2011 at 12:40 pm (UTC-5)
World stock indexes continued to fall on Friday. After rallying in early trading, U.S. stock indexes fell sharply, adding more losses for investors beyond Thursday’s steep declines. The Dow Jones Industrial Average is down 1.7 percent in midday trading. The broader S & P 500 index is off 2.2 percent, with the NASDAQ dropping by […]
