Last week, by a wide margin, the House of Representatives passed a bill that would empower the Commerce Department to impose duties on Chinese binary options imports to punish China for manipulating the value of its yuan currency. Whether this was just a move to pressure China into giving ground on the dispute, or if ...
As everybody expected, the Federal Reserve announced a new round of quantitative easing last week, or QE2. Particularly, it plans to buy an additional $600 billion worth of Treasury bonds in the subsequent six months. In injecting this new flood of cash into the economic climate, the Fed has two goals. 1st, it wants to ...
Right after vehemently denying that it desperately needs external aid , Ireland did exactly what the marketplace had anticipated: It applied for a three-year loan of up to 90 billion euro (the equal of concerning $122 billion) from the EU and IMF to shore up its bank issues. Actual names and emails of the bailout ...