Exchange of fire between Koreas led to tumbling of US stocks
An exchange of fire on the Korean Peninsula and fresh concerns that the debt crisis of eurozone could spread led to a sharp fall for the US stocks. Artillery shells were fired by North Korea at a South...
View ArticleWall Street Snaps Winning Streak
Stocks fell on Monday but staged a late comeback after concerns of a looming Greek debt default diminished on news of a possible deal to advance new bailout funds to Greece. A Greek finance ministry...
View ArticleWall Street On Edge Over Greece
On Wednesday, stocks rebounded from two days of sharp losses after the Federal Reserve said it is prepared to do more for the economy if conditions warrant, helping to stanch the panicky reaction to...
View ArticleBernanke Repeats Vow To Shield US
On Tuesday, Federal Reserve Chairman Ben Bernanke renewed a pledge to prevent financial crisis of Europe from damaging the U.S. economy in testimony before Congress that mirrored remarks he made last...
View ArticleDollar Rises In Subdued Trade
On January 3, the United States dollar rose broadly after being buoyed by comments made by outgoing Federal Reserve Chairman Ben Bernanke. The dollar was also buoyed by risk aversion but a major...
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