Markets Still Reacting to Libya, Middle East Oil Rises: Stocks fell again in late trading Wednesday as the Libyan crisis gained steam. Muammar Gaddafi is still running the oil rich nation as president and demonstrators have been harmed in clashes across the country. Anti-government demonstrators are reportedly holding some parts of the country according...
Europe’s Growth Accelerating: Economic Indicators Increase. Economic activity in Europe is picking up. Across the euro zone, growth has increased at a faster pace than in the last four years. The U.S. has been receiving higher levels of capital inflows but Europe is on the come back. German business confidence rose to a record...
G-20 Finance Ministers And Central Bankers Meeting in Paris 2011: G-20 finance ministers and central bankers met in Paris and worked together on new initiatives to deal with large trade imabalances. They reached a collective agreement on ways to correct trade and currency imbalances that exist between countries like the U.S. and China. They...
Ben Bernanke Goes Global, Middle East Heats Up: Bernanke Speaks. Federal Reserve Chairman Bernanke discussed global economics today and policy concerns from individual nations. Chairman Bernanke called upon nations to allow their currencies to float freely and addressed large trade surpluses. The United States has been running trade deficits for years and Ben Bernanke...
Mubarak Steps Down. President Hosni Mubarak has stepped down. World markets reacted positively with major indexes moving up today. Speculation began yesterday that he would step down and commodities moved sharply today as well as the dollar. The U.S. dollar has been rising for the last few weeks and the dollar continues to stabilize...
