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Rating Agencies Affirm France’s AAA Credit

Posted August 10th, 2011 at 1:20 pm (UTC-5)
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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 […]

Tags: , , , Posted in Economy, Europe

US Stocks Plunge in Early Tuesday Trading

Posted August 10th, 2011 at 10:25 am (UTC-5)
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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 […]

Tags: , , , Posted in Economy

US Stocks Advance Sharply in Midday Trading Tuesday

Posted August 9th, 2011 at 12:35 pm (UTC-5)
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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 […]

Tags: , , , Posted in Economy

US Stocks Open Sharply Higher Tuesday

Posted August 9th, 2011 at 10:40 am (UTC-5)
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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. […]

Tags: , , , Posted in Economy

Supporters of Former Ukrainian PM Protest Her Arrest

Posted August 6th, 2011 at 10:00 am (UTC-5)
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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 […]

Tags: , , , Posted in Europe

UN Peacekeeper Killed in Darfur

Posted August 5th, 2011 at 3:40 pm (UTC-5)
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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 […]

Tags: , , , Posted in Africa

Italy Says It Will Balance Its Budget by 2013

Posted August 5th, 2011 at 3:30 pm (UTC-5)
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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 […]

Tags: , , , Posted in Economy

US Stock Advance as Asian, European Markets Fall

Posted August 5th, 2011 at 2:40 pm (UTC-5)
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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 […]

Tags: , , , Posted in Economy, US

UN Peacekeeper Killed in Darfur

Posted August 5th, 2011 at 2:20 pm (UTC-5)
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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 […]

Tags: , , , Posted in Africa

World Stock Indexes Continue to Fall

Posted August 5th, 2011 at 12:40 pm (UTC-5)
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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 […]

Tags: , , , Posted in Economy, Europe, US

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