Browsed by
Miesiąc: luty 2010

Greeks try to remember how to cut back

Greeks try to remember how to cut back

Elly Koufakis, the co-owner of a busy beauty salon in the posh Athens suburb of Psyhiko, isn’t used to sitting around. The shop’s staff rarely has a minute to breathe between haircuts and manicures. But since the debt crisis in Greece exploded in January, they now spend half their workday sitting idle. „We’ve seen a 50% drop in our appointments,” Koufakis says. „Everyone seems to be reining in their spending.”

Why Toyota may cause higher interest rates

Why Toyota may cause higher interest rates

China is one of the largest holders of U.S. Treasurys. So some worry that our massive budget deficit, which China has vocally complained about, is the equivalent of biting the hand that feeds us.

Fed probing Goldman trades with Greece

Fed probing Goldman trades with Greece

Federal Reserve Chairman Ben Bernanke told the Senate Banking Committee on Thursday that the central bank is looking into Goldman Sachs’ and other U.S. financial firms’ role in Greece’s debt problems.

Dollar firms on Greece debt woes

Dollar firms on Greece debt woes

The dollar rose against the euro and the pound Thursday as fears about Greece’s debt crisis resurfaced, prompting investors to cut their exposure to the higher-yield currencies.

Toyota recall: What took so long?

Toyota recall: What took so long?

Lawmakers grilled Toyota’s president, Akio Toyoda, in a hearing Wednesday aimed at discovering, among other things, why the automaker was slow to respond to safety issues related to sudden acceleration.

Dollar mixed on downbeat consumer confidence

Dollar mixed on downbeat consumer confidence

The dollar gained against the euro and pound but sank against the yen, on renewed worries after a report showed U.S. consumer confidence fell sharply in February after three straight months of improvement.

Toyota hit with grand jury subpoena

Toyota hit with grand jury subpoena

Toyota said Monday it has received a federal grand jury subpoena for documents relating to the unintended acceleration of its vehicles and braking systems in the Toyota Prius.

Dollar turns mixed

Dollar turns mixed

The dollar turned mixed Friday afternoon, with the euro recovering from steep losses, as U.S. stocks gained and traders continued to mull the Federal Reserve’s decision to raise its discount lending rate.

Dollar gains on Fed’s rate hike

Dollar gains on Fed’s rate hike

The dollar continued to gain broad support Friday from the Federal Reserve’s decision to raise its discount lending rate, as global stocks and commodity prices fell.

Dollar firms on Fed action

Dollar firms on Fed action

The dollar recovered from earlier losses Thursday after the Federal Reserve hiked its discount rate, raising bets the central bank could move to tighten monetary policy soon.

Dollar mixed versus rivals

Dollar mixed versus rivals

The dollar was mixed against major currencies Thursday after the government said jobless claims rose last week and as investors awaited other economic reports.

In Greece, the people carry on

In Greece, the people carry on

The Greek maelstrom that’s roiled the world’s markets for the last two months is more than a matter of embarrassment for its government. It’s become a matter of survival for Greeks.

Dollar recovers losses

Dollar recovers losses

The dollar rebounded against major currencies Wednesday ahead of the release of the Federal Reserve minutes and a government report on housing.

Dollar falls as sentiment turns bullish

Dollar falls as sentiment turns bullish

The dollar fell Tuesday as investors turned to other investments, such as other currencies and stocks, amid optimism about the global economy and signs the European debt crisis is easing.

Dollar falls as debt fears ease

Dollar falls as debt fears ease

The dollar fell against major currencies Tuesday as investors turned to other investments, such as stocks and other currencies, amid signs that the European debt crisis is easing.