The European Union (EU) Economic Affairs Commissioner Olli Rehn Friday criticized Standard & Poor’s for its decision to downgrade credit ratings of 9 EuroZone countries.
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The European Union (EU) Economic Affairs Commissioner Olli Rehn Friday criticized Standard & Poor’s for its decision to downgrade credit ratings of 9 EuroZone countries.
The US and Yen fell against most major peers as a meeting between Germany’s chancellor and the International Monetary Fund’s managing director added to signs European leaders are moving to end the debt crisis.
With a vote Tuesday in Slovakia on the proposal to aid Greece, Mr. Sulik, who has opposed the plan, has the power, some say, to save Europe’s economy or push it over the edge, with Global consequences.
The Indonesian Finance Ministry has raised 10-T Rupiah (US$1.09-B) in bond auction, higher than the initial target of 7-T Rupiah (US$760.87-M), indicating that investor confidence rises in the emerging economy, a statement from the ministry said Wednesday.
The U.S. dollar remained steady against its major counterparts on Tuesday despite French downgrade fears being lifted.
Aussie rose for a second consecutive day against the dollar on Tuesday, rallying from a recent 2-week low as risk appetite improved ahead of an ECB policy meeting and widely anticipated debt auctions from two of Europe’s larger economies.