Asian stocks tumble on Wall St bad news
GenevaLunch News Shares in Asia fell dramatically Tuesday after Wall Street’s worst day on Monday since the aftermath of 11 September 2001: in Hong Kong and Tokyo shares opened 5-7% down. Financial...
View ArticleBernanke says “recession likely over”, consumer confidence up
GenevaLunch News Ben Bernanke, chairman of the US central bank the Federal Reserve, said 15 September that the recession in the US was probably technically over, but that unemployment would continue to...
View ArticleUS Senate banking committee makes forceful proposal to regulate banks
GenevaLunch News The US Senate banking committee has proposed a significant change to the US bank regulatory system, calling for a single body to regulate banks. The move would diminish the powerful...
View ArticleDollar gains on Fed news, Bernanke “Person of the Year”
GenevaLunch News The US Federal Reserve said Wednesday 16 December that the US economy is improving, and in the hours that followed the US dollar gained against most other major currencies. It was up...
View ArticleDollar falls against Euro, Swiss franc
GenevaLunch News The US currency has fallen to its lowest level against major currencies, and gold hit a new record amid worries that the US Federal Reserve may intervene again to avoid a recession....
View ArticleThe Fed weakens the dollar (Chappatte cartoon)
GenevaLunch News ©2010 Chappatte, distributed by Globe Cartoon. More cartoons on Chappatte’s web site. Geneva-based Patrick Chappatte works for the International Herald Tribune, for Geneva newspaper Le...
View ArticleMoody’s to review US debt rating, Obama walks out of talks
GenevaLunch News GENEVA, SWITZERLAND – Credit ratings agency Moody’s announced 13 July that it will review the US debt rating, since the country is not yet making significant progress on resolving the...
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