Topic: U.S. National Economy
World markets down as investors await banking bill
AP News
World markets down as investors await banking bill; pound slides amid ongoing election fearsWorld stock markets fell Monday as investors fretted about the status of banking reform in the U.S. and awaited confirmation of a rescue package for debt-laden Greece. The British pound slipped amid growing British political and ...
Euro falls amid risk aversion
AFP Global Edition
The euro fell against the yen and dollar in Asia Monday as weaker regional shares prompted investors to sell the risk-sensitive currency to take profits on its recent rise, analysts said. The euro was changing hands at 1.3740 dollars in Tokyo afternoon trade, down from 1.3761 dollars in ...
China tightening fears send Asian markets lower
AFP Global Edition
Speculation that China will take more steps to cool its economy hit sentiment in Asia Monday, with Shanghai and Hong Kong lower as risk-averse investors stayed on the sidelines. Trade was relatively quiet ahead of meetings this week by eurozone finance ministers and the US and Japanese central banks. Investors ...
Senate financial reform bill boosts Fed: sources
Reuters US Online Report Top News
WASHINGTON (Reuters) - The Federal Reserve would gain new powers over non-bank financial firms and keep much of its authority over banks under a new bill to be unveiled on Monday by the Senate's architect of financial reform. In a turnaround for the central bank after months of public criticism ...
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