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The Reserve Bank looks set to keep interest rates on hold until the economic picture becomes clearer. In the minutes from its September meeting, the RBA highlighted increasing risks to global growth -- particularly in the eurozone -- and a softer-tha
The Chicago Board of Trade is the world's oldest futures and options exchange. There, commodities and other financial instruments are traded daily. As the clock ticks towards a deadline to raise the U.S. debt ceiling, traders believe a default on tha
Wall Street ended its worst week since November, 2008 when it closed on Friday or so it thought. Now, Standard Poor's has axed the top notch US AAA credit rating. It's unprecedented reverse of fortune for the world's largest economy. The US now has a
EU Leaders Angry at Credit Downgrade From Larnaka to Brussels, European Union officials were on the defensive Saturday, downplaying the downgrades while vowing to push through fiscal reforms. In a widely anticipated move, the rating agency downgraded
By Lisa Bryant Paris 20 March 2008 The Paris-based Organization for Economic Development and Cooperation (OECD) published a grim assessment Thursday of the United States economy, saying it was close to recession. However, the OECDsuggested European e