 HONG KONG (Reuters) - The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday, though any selling in response to ratings agency S&P's downgrade of the United States is likely to be tempered by the escalating crisis in the euro zone. | |
| Q+A: S&P's downgrade of the United States Sat,6 Aug 2011 10:47 PM PDT Reuters - NEW YORK, Aug 6 (Reuters) - The United States lost its top-tier AAA credit rating from Standard & Poor's Friday, a move that will affect the country's borrowing costs and investor opinion of U.S. assets. Here is a Q+A on what the downgrade means for investors, consumers and to the country. Full Story | |
| Germany doubts larger fund can rescue Italy: report Sat,6 Aug 2011 09:58 PM PDT Reuters - WASHINGTON (Reuters) - Doubts are growing in the German government that Italy could be rescued by the European emergency fund, even if the fund were to be tripled in size, according to the German newsmagazine Der Spiegel. Full Story | |
| Sarkozy talks to UK's Cameron on financial situation Sat,6 Aug 2011 09:58 PM PDT Reuters - LONDON (Reuters) - British Prime Minister David Cameron spoke to French President Nicolas Sarkozy on Saturday evening to discuss the financial situation after the U.S. credit rating downgrade, Cameron's office said. Full Story | |
| ECB to hold Sunday conference call on crisis: source Sat,6 Aug 2011 09:58 PM PDT Reuters - (Reuters) - The European Central Bank will hold a conference call on Sunday to discuss its response to the latest developments in the euro zone's debt crisis, an ECB source said on Saturday. Full Story | |
| EU's Rehn praises Italy steps, implementation key Sat,6 Aug 2011 09:58 PM PDT Reuters - PARIS (Reuters) - The European Union's top economic official praised Italy's decision to accelerate budget-balancing measures and structural economic reforms on Saturday and said swift implementation would now be crucial. Full Story | |
 NEW YORK (Reuters) - Unions representing 45,000 Verizon Communications workers called for a strike as negotiations failed for a new labor contract that expired at midnight on Saturday. | |
 NEW YORK (Reuters) - Wall Street hit the panic button this week and survived. But the shocks have left investors stranded. | |
 YOKOHAMA, Japan (Reuters) - Nissan Motor Co said on Sunday it aimed to boost its sales in Japan in a move that would also help reduce exports by as much as a third and reduce the impact of the yen's crippling strength. | |
| Japan official: U.S. Treasuries remain attractive Sat,6 Aug 2011 08:07 PM PDT Reuters - TOKYO (Reuters) - A senior Japanese government official said on Sunday that U.S. Treasury bonds remain an attractive investment target for Japan despite a downgrading of the U.S. sovereign debt rating. Full Story | |
| China state paper says U.S. debt downgrade a "warning bell" Sat,6 Aug 2011 08:03 PM PDT Reuters - BEIJING (Reuters) - China's top newspaper on Sunday warned that Asian exporters could be among the biggest victims of mounting U.S. economic woes after Standard and Poor's downgraded the United States' sovereign credit rating. Full Story | |
 WASHINGTON (Reuters) - A top White House economic adviser slammed Standard & Poor's on Saturday for having stuck with its decision to downgrade the U.S. credit rating despite having made a $2 trillion mistake in its fiscal projections. | |
 SEATTLE (Reuters) - Boeing Co on Saturday afternoon rolled out the first 787 Dreamliner to be delivered to launch customer All Nippon Airways , decked out with the blue and white colors of the Japanese airline. | |
| First tax-free holiday in Arkansas a boon for business Sat,6 Aug 2011 04:06 PM PDT Reuters - LITTLE ROCK, Ark (Reuters) - Arkansans shopped until they dropped on Saturday, braving temperatures deep into the triple-digits to take advantage of the state's first sales tax holiday weekend. Full Story | |
| Sarkozy talks to UK's Cameron on financial situation Sat,6 Aug 2011 03:26 PM PDT Reuters - LONDON (Reuters) - British Prime Minister David Cameron spoke to French President Nicolas Sarkozy on Saturday evening to discuss the financial situation after the U.S. credit rating downgrade, Cameron's office said. Full Story |
