Written by Stocks turned higher in the United States as new data on factory use and construction spending offset concern about the European economy. READ MORE »
Posts tagged IMF
Dollar hits highest in more than a year as euro fears linger
Single currency below $1.26; British pound slips as U.K.’s trade deficit widens.
The U.S. dollar rose to the highest level in more than a year Thursday, gaining on the euro and the British pound, as currency traders’ appetite for risk remained restrained because of worries about the long-term implications of euro-zone debt problems. READ MORE »
European Stocks Tumble to Eight-Month Low on Spain, North Korea
European stocks tumbled to an eight- month low as signs of weakness in the Spanish banking system increased concern that Europe’s debt crisis is spreading and military tensions grew in the Korean peninsular. READ MORE »
U.S. backs off in currency dispute with China
The Obama administration backed away on Friday from a showdown with Beijing over the value of China’s currency that would have caused new frictions between the world’s only superpower and its largest creditor. READ MORE »
Ireland Urged to Take Aid by European Officials
Ireland is being urged by European policy makers to take emergency aid to contain a debt crisis rattling their markets, according to a person briefed on the discussions. READ MORE »