US Finance

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U.S. dollar still rules, but debt level a risk: S&P

Thursday, March 17th, 2011

The U.S. dollar is still the most important world currency, Standard & Poor’s said on Thursday, but added that rising levels of U.S. debt and dependence on foreigners to finance much of pose risks to the currency’s primacy.

European stock markets gain ground

Thursday, March 17th, 2011

Europe’s main stock markets rose Friday as investors awaited crucial economic data and tracked US attempts to rein in the banking sector, dealers said.

Credit card data hints at U.S. consumer rebound

Thursday, March 17th, 2011

Credit card delinquency rates improved at JPMorgan Chase & Co and a majority of others — a sign the lenders still face hurdles in the wake of the deep recession.

Franco-German spat fuels EU economic debate

Thursday, March 17th, 2011

An economic policy  dispute between France  and Germany threatens to distract the eurozone as it faces fierce competition from Asian rivals, analysts and German media warned Tuesday.

China pushes May meeting to ease strains with U.S.

Thursday, March 17th, 2011

A top-level dialogue between China and United States in May will be “very important” for defusing strains between the two big economies, Chinese Premier Wen Jiabao said on Monday.

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