Dollar rallies after US rescue for mortgage giants
The dollar rose against the euro and yen on Monday after US authorities bailed out two mortgage finance giants, easing investor worries over the future of global markets, dealers said.
Click here to read the rest of this article.
Add to:
del.cio.us,
Digg,
Yahoo!,
Google
Other articles in the Business news section
- GSK's R&D engine cranks up investment... 22 minutes ago
LONDON (Reuters) - GlaxoSmithKline is getting more bang for its buck in drug research following an overhaul of the way it hunts for new medicines that has lifted financial returns from its labs to an ...more
- S. Africa rules out mines nationalisation... 1 hours ago
Nationalising South Africa's mines is not a viable option for the country's key sector and has been ruled out by the ruling party, the mines minister said on Tuesday, in a move welcomed by industry. ...more
- France posts record trade deficit of... 2 hours ago
France suffered a record trade deficit of 69.59 billion euros ($91.4 billion) last year, up 33 percent from the 2010 deficit of 51.52 billion euros, the customs service reported on Tuesday. ...more
- Anglo CEO says shareholders supportive... 2 hours ago
CAPE TOWN (Reuters) - Anglo American's shareholders are "very supportive" of the company in its legal battle against copper producing giant Codelco in Chile over its assets in the country's south, Chief ...more
- Air France to axe long-haul flights... 2 hours ago
French flag-carrier Air France warned it would cancel up to half of its long-haul flights Tuesday as employees pursued a strike against plans to require them to give 48 hours notice of a walk-out. ...more
- EU watchdog to assess bank recapitalisation... 2 hours ago
LONDON (Reuters) - European banking regulators pore over plans this week from 31 lenders to plug a 115 billion euro (94 billion pounds) hole in their capital cushions and help restore investor confidence shattered by the euro zone debt crisis. The European Banking Authority (EBA) will review recapitalisation blueprints from top names like Deutsche Bank and UniCredit . The 31 were singled out in a healthcheck of 71 lenders last year as needing extra capital to lift core ratios to 9 percent by June... ...more
