NEW YORK (Xinhua) — The U.S. dollar traded mixed against major currencies in late New York trading on Tuesday as Slovakian parliament rejected the expansion of bailout fund but may pass it later.
Uncertainties still remained in eurozone as Slovak lawmakers on Tuesday rejected expansion of the eurozone’s bailout fund but are expected to pass it later. The euro trimmed earlier gains against the greenback following the news.
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LONDON (Xinhua) — The rating service Moody’s downgraded its credit ratings of 12 British banks on Friday, including state-owned Royal Bank of Scotland and Lloyds TSB.
“Moody’s Investors Service has today downgraded the senior debt and deposit ratings of 12 UK financial institutions and confirmed the ratings of one institution,” the agency said in a statement.
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NEW YORK (Xinhua) — The U.S. dollar rose against most major currencies in late New York trading on Friday as the fear over European debt crisis and economic recession raised risk- aversion.
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NEW YORK (Xinhua) — The U.S. stocks opened higher on Monday as investors expected eurozone policy makers to have more measures to mitigate the debt crisis.
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NEW YORK (Xinhua) — U.S. stocks held gains on Tuesday as investors were awaiting a key meeting from the Federal Reserve.
All focus will be on the two-day Fed meeting, starting later on Tuesday. Investors were hoping the central bank can come up with some stimulus plan to help the fragile recovery. Standard & Poor’s Ratings Services slashed Italy’s sovereign- debt rating late Monday by one notch and kept its outlook negative, citing the weak economic growth and fragile government coalition in the eurozone’s third biggest economy.
However, a much better-than-expected bond auction in Greece overshadowed the bad news. Investors also felt somewhat relieved as discussions to provide additional bailout funds for Greece were set to resume on Tuesday, a positive step to the right direction.
The Dow Jones industrial average jumped 113.04 points, or 0.99 percent, to 11,514.05. The Standard & Poor’s 500 gained 12.04 points, or 1.00 percent, to 1,216.13. The Nasdaq Composite Index rose 22.54 points, or 0.86 percent, to 2,635.37.
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