The People’s Daily, the…
LSE Trading Soars Amid Volatility
High levels of volatility in global stock markets last week, triggered by Standard & Poor's downgrade of U.S. debt and concerns over the euro zone, led to the third-highest number of daily trades…
Charlie…
Obama Says Strong Recovery Will Begin With Small Businesses
Aug. 16 (Bloomberg) -- President Barack Obama told an audience in rural Iowa that the U.S. economy will come back “stronger than before” after the worst recession in decades, driven by small…
US stocks fall on global economic worries
NEW YORK (AP) -- More evidence of a slowing global economy sent stocks falling Tuesday and threatened to end the market's three-day rally. Germany's economy stalled last quarter and dragged down…
PARIS (AP) -- All…Why Banks Aren’t Lending: Weak Economy, Regulatory Uncertainty
Why Banks Aren’t Lending: Weak Economy, Regulatory Uncertainty By Peter Gorenstein U.S. banks got hammered last week on concerns the sovereign debt crisis in Europe coupled with slow growth…
Fitch Affirms U.S. AAA Credit Rating, Says Outlook Stable
Aug. 16 (Bloomberg) -- Fitch Ratings affirmed its AAA credit rating for the U.S. and said the outlook is stable, citing the nation’s central role in the global financial system and the flexible,…
Pressure Rises on China to Fight Inflation
SHANGHAI—Fresh data showing strong capital inflows into China and a spike in the interest rates on central-bank debt showed continuing pressure on the government to keep fighting inflation with…