The Australian Dollar is trading in very wide ranges as we write this report. The low of the day so far is USD 0.8072.
Stocks sank nearly 4 percent on Thursday on growing fears the euro zone's efforts to tackle its sovereign debt crisis will fall short, jeopardizing the global economic recovery.
The Senate will pass a sweeping reform of financial regulation on Thursday night, said an aide to Senate Democratic Leader Harry Reid, capping months of wrangling over the biggest overhaul of financial rules since the 1930s.
Frustrated lawmakers pressed regulators to move faster to pinpoint the cause of the mysterious May 6 market crash, with two weeks of investigation producing few answers.
The Senate was expected by the end of the week to approve the biggest overhaul of financial regulations since the 1930s after the measure finally cleared a procedural hurdle on Thursday.
Stocks sank nearly 4 percent on Thursday on growing fears the euro zone's efforts to tackle its sovereign debt crisis will fall short, jeopardizing the global economic recovery.
With the market extra sensitive to any negative news at present yesterdays shock 7% drop in the Westpac Consumer Confidence report for May sent the Aussie plummeting in local trade.
Europe's debt crisis poses a potentially serious risk to the U.S. economic recovery because it threatens global credit markets and large American banks, a top Federal Reserve official said on Thursday.
New claims for state jobless benefits unexpectedly rose last week for the first time since early April, suggesting the labor market recovery may have hit a speed bump.
The leaders of Germany and France pledged on Thursday to work together on financial regulation and the euro zone crisis after European discord over debt and new market rules rattled investors worldwide.
Stocks sank nearly 4 percent on Thursday on growing fears the euro zone's efforts to tackle its sovereign debt crisis will fall short, jeopardizing the global economic recovery.
Since last Wednesday, May 12, natural gas spot prices generally rose at market locations across the lower 48 States, with only a few exceptions. The Henry Hub natural gas spot price increased about 2 percent since last Wednesday, from $4.18 per million Btu (MMBtu) to $4.28 per MMBtu.
The fiscal tightening from Japan, euro zone, and the United States will lead to slower growth and lower inflation, which is leading to added selling pressure on world financial markets on Thursday, the manager of the world's biggest bond fund said.
Stocks dropped on Thursday, driving indexes down more than 2 percent on growing fears that the euro zone's handling of its sovereign debt crisis could jeopardize the global economic recovery.
Democrats expect to have the votes needed on Thursday afternoon to advance the biggest overhaul of financial regulation since the 1930s, paving the way for a final Senate vote on passage.
The leaders of Germany and France pledged on Thursday to work together on financial regulation and the euro zone crisis after European discord over debt and new market rules rattled investors worldwide.
New claims for state jobless benefits unexpectedly rose last week for the first time since early April, suggesting the U.S. labor market recovery may have hit a speed bump.
Europe's debt crisis poses a potentially serious risk to the U.S. economic recovery because it threatens global credit markets and large American banks, a top Federal Reserve official said on Thursday.
Regulators are examining the activities of large traders and are reviewing the role of electronic trading platforms as they search for answers to the market's recent swoon.
The overall health of the U.S. banking industry improved in the first quarter as net income set a two-year-high of $18 billion, but the largest firms enjoyed a disproportionate share of the gains.
The overall health of the U.S. banking industry improved in the first quarter as net income set a two-year-high of $18 billion, but the largest firms enjoyed a disproportionate share of the gains.
Stocks dropped on Thursday, with all major indexes sliding more than 3 percent on growing fears that the euro zone's handling of its sovereign debt crisis could jeopardize the global economic recovery.
Three Wall Street banks suffered a legal setback when a federal appeals court in New York put on hold a ban on financial news service Theflyonthewall.com Inc from quickly reporting hot news about their analysts' research.
J.D. Power and Associates raised its forecast for 2010 U.S. light-vehicles sales to 11.8 million from 11.7 million based on stronger fleet sales, it said on Thursday.
A proposal from Democratic Senator Blanche Lincoln to force banks to separate swap trading desks from core operations as part of the financial regulation overhaul is a very strong proposal, a White House official said on Thursday.
The overall health of the U.S. banking industry improved in the first quarter with two-year-high net income of $18 billion, but the gains were disproportionately enjoyed by the largest firms.
An index meant to gauge the future strength of the U.S. economy fell slightly in April, marking its first decline in more than a year, a private industry group said on Thursday.
Dubai World, the state-owned conglomerate, has reached a deal to restructure $23.5 billion in debt with its core lenders, addressing the most immediate of a string of problems facing investors in Dubai.
Stocks fell sharply on Thursday, sending the S&P 500 index into correction territory on growing fears the euro-zone's handling of its sovereign debt crises could put the global economic recovery in jeopardy.
A federal appeals court in New York has put on hold a ban on the financial news service Theflyonthewall.com Inc from quickly reporting hot news' about analyst research from three Wall Street banks.
