New York manufacturing picks up but China sells U.S. debt
Thursday, March 17th, 2011A regional U.S. manufacturing gauge published Monday hit its highest level since October, but also suggested a rebound in that sector might run out of momentum.
U.S. dollar still rules, but debt level a risk: S&P
Thursday, March 17th, 2011The 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.