Diane Alter – AHN News Reporter New York, NY, United States (AHN) – United States stocks slipped Wednesday after a successful auction of Italian debt gave European stocks a boost but failed to excite equity traders here in the states. Just after the opening bell on Wall Street, the Dow Jones Industrial Average was lower [...]
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U.S. stocks slip in early trading Wednesday after successful Italian debt auction
Debt woes come back to haunt Dubai
The Media Line Staff Dubai, United Arab Emirates David Rosenberg (The Medi – More than two years after one of its showcase companies announced a “standstill” on its loan repayments, signaling the end of a real estate-fueled boom, a mountain of debt continues to cast a long shadow over Dubai’s economy. Moody’s Investors Service brought [...]
Mortgage rates approach record lows
Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Mortgage rates were down slightly this past week, approaching, but not quite hitting, the lowest mortgage rates on record. Adjustable-rate mortgages (ARMs), did reach new record lows. The initial interest rate on a five-year Treasury-indexed ARM dropped to 2.91 percent, Freddie Mac [...]
Clinton sets out new U.S. focus
Washington, DC, United States (IRIN) – United States Secretary of State Hillary Clinton’s announcement that the American government now prioritizes creating an AIDS-free generation could be more than just political lip-service: it may also shape the next several years of US global health programming and funding, analysts say. Clinton’s 8 November speech at the National [...]
Dow erases 2011 declines Wednesday on Europe’s debt plans
Diane Alter – AHN News Reporter New York, NY, United States (AHN) – The Dow Jones Industrial Average soared nearly 200 points in mid-afternoon trading Wednesday as investors applauded Europe’s plan to recapitalize banks and stem the euro region’s blooming debt crisis. The S&P 500 Index climbed 1.7 percent, reaching its highest level since Aug. [...]
S&P equates delayed Greek debt payment to default
Vittorio Hernandez – AHN News Athens, Greece (AHN) – Even if the Greek parliament had passed last week two austerity program legislations that paves the way for the release of the country’s second tranche of loan from the European Union and the International Monetary Fund, a ratings agency is still wary of a Greek debt [...]
Saab unable to pay employee wages
Kris Alingod – AHN News Contributor Trollhattan, Sweden (AHN) – A little over a week after announcing an agreement with two Chinese investors to help with its liquidity, troubles continued for Saab on Thursday after unions threatened court action over unpaid wages. In a statement on Thursday, Spyker Cars, which this month changed its name [...]
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