by agm | Aug 8, 2011 | news
(Reuters) – Gold vaulted above $1,700 an ounce for the first time on Monday after pledges by the G7 and the European Central Bank to quell the turbulence in the financial markets did nothing to put investors at ease. Traders said the ECB had made good on its...
by agm | Aug 7, 2011 | news
LONDON — More than $2.5 trillion have been wiped off the value of world stocks this week on mounting concerns the global economy is heading toward another recession and Italy and Spain are being engulfed by the euro zone sovereign debt crisis. The sum wiped off the...
by agm | Aug 3, 2011 | news
China, the largest foreign investor in U.S. government securities, joined Russia in criticizing American policy makers for failing to ensure borrowing is reined in after a stopgap deal to raise the nation’s debt limit. People’s Bank of China Governor Zhou Xiaochuan...
by agm | Jul 29, 2011 | news
House Speaker John Boehner plans to take his proposal to raise the U.S. debt-ceiling to a vote in the chamber about 6 p.m., Republican leaders announced. The vote is scheduled to occur between 5:45 p.m. and 6:15 p.m. in Washington, according to a plan put out by the...
by agm | Jul 28, 2011 | news
U.S. banks searching for hints of credit-market distress ahead of next week’s deadline to raise the debt ceiling are finding few signs of panic so far. Commercial banks and securities firms are tracking how money-market funds adjust holdings and whether participants...
by agm | Jul 26, 2011 | news
President Barack Obama warned that the nation’s burgeoning deficit threatens to do “serious” damage to the economy and pressured Congress to reach a compromise on a deal to raise the debt ceiling and address future shortfalls. With a week left before the Treasury...
