Written by BERLIN–The euro zone must take concrete steps to enhance the political dimension of the European Monetary Union and to firmly enforce fiscal discipline, the German government said in a document. READ MORE »
Posts in category Financial Markets
Treasuries Little Changed Before U.S. Report on Home Resales
Treasuries were little changed before an industry report that economists said will show pending U.S. home resales rose for a third month in April. READ MORE »
British Regulator Fines JPMorgan $49 Million
LONDON — JPMorgan Chase was fined £33.32 million, or $49 million, by Britain’s financial regulator Thursday for failing to keep client funds separate from the firm’s money. READ MORE »
Dollar, Yen Climb on Concern About European Banks, U.S. Growth
The dollar and the yen rose against their major counterparts as concern that Europe’s debt crisis is expanding and the U.S. economic recovery may be growing more slowly pushed investors to the safest currencies. READ MORE »
Euro hits multi-year low, recovers on short covering
The euro fell below $1.19 for the first time in more than four years on Monday but recovered most losses as U.S. stocks rose slightly and strong German manufacturing data pushed investors to buy back the currency. READ MORE »