US consumer confidence took a dive in June after rising for three consecutive months.
The closely-monitored Consumer Confidence Index from the Conference Board plummeted to 52.9 in June, down from a revised 62.7 in May.
June’s figure was short of analysts forecasts of 62 and remains far away from the...
Posted to
Finance
on 06-29-2010
Filed under: All Financial News, Economy News, US, fall, Barack Obama, shares, recovery, consumer confidence index, June, Conference Board, concerns, economic, strength, weak data
China faced renewed pressure at this weekend’s G20 summit Toronto, Canada, after a draft said: “Emerging surplus economies will undertake reforms tailored to country circumstances to… enhance rate flexibility.”
Beijing has previously ruled out a one-off appreciation of its currency and has previously...
Posted to
Finance
on 06-28-2010
Filed under: All Financial News, Economy News, flexibility, Barack Obama, Yuan, G20, China, summit, currency, level, pressure, peg, strongest, 2005
BP shares have risen more than 9% this morning after it was revealed that a $20 billion (£13.5 billion) compensation fund for victims of the Gulf of Mexico oil leak is to be set up.
Details of the fund emerged late yesterday following talks at the White House after BP’s chief executive Tony Hayward and...
Posted to
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on 06-17-2010
Filed under: All Financial News, Economy News, Barack Obama, shares, rise, Company News, dividend, BP, scrapped, meeting, US president, White House, pension funds, Gulf of Mexico, oil leak, compensation fund, victims
At the Nuclear Security Summit in Washington, Chinese President Hu Jintao told US President Barack Obama that China is committed to yuan reform but will not be pressurised into making changes to its currency peg. The Chinese President added that while Beijing is willing to make changes, it will do it...
Posted to
Finance
on 04-14-2010
Filed under: All Financial News, Economy News, US, Barack Obama, Yuan, China, dollar, reform, President, Hu Jintao, currency news, Nuclear Security Summit, pegged