What the Federal Reserve giveth, Obama taketh away.
The outage suffered by Amazon.com's European websites was due to a hardware failure but not due to hacking attacks, according to the company. The websites Amazon.co.uk, amazon.de, amazon.fr and amazon.es were down for almost half an hour late on Sunday night. Hackers have not made any claims of the attack so far.
Economists are more positive about economic growth in 2011 in the United States, according to a survey by the Wall Street Journal.
USD/CHF is currently testing the 50-day SMA at 0.9784 and targeting the 1.0064-81 region (R1) immediately on the upside. If the uptrend continues, 1.0331-1.0434 region (R2) will form next key resistance level for the pair.
US conglomerate GE said it agreed to buy Britain's oilfield-services company Wellstream Holdings Plc for 800 million pounds ($1.3 billion) to broaden its base in fast-growing emerging markets.
There are many things weakening the single currency. Concerns over a lack of consensus on euro-area bonds, dollar-positive data from the US, fears about China being forced to cool down its economy and now, an ascending channel clearly shaping up on the 60-minute EUR/USD chart.
Lenovo, the world's No. 4 PC maker, expects its operating profit margin to trend upwards, helped by easing component shortages and an appreciating Chinese currency, its CFO said on Monday at the Reuters China Investment Summit.
Bank of America Corp has put up for sale at least $1 billion worth of toxic mortgage assets, the New York Post said on Monday, citing sources.
Selling pressure on 10-year U.S. Treasuries drove yields to fresh six-month highs on Monday as investors threatened to undo this year's bond rally on signs of global economic recovery and deeper U.S. deficits.
What the Federal Reserve giveth, Obama taketh away.
Amazon.com Inc's websites in Europe suffered an outage for more than half an hour on Sunday night, in what the company said was a hardware failure in its European data center network.
Asian stocks chalked up modest gains on Monday, while the benchmark U.S. Treasury yield hit a six-month high in response to upbeat U.S. data, helping shore up the dollar.
Asian stocks rose on Monday as investors took in their stride China's latest attempt to cool inflation and fresh vows to tackle price pressure, while upbeat U.S. economic data helped
Amgen Inc's chief executive met with the top executive of Swiss biotech firm Actelion Ltd to discuss his interest in Actelion, but made no offer for the company, Bloomberg reported on Sunday, citing three people with knowledge of the situation.
Amazon.com Inc's websites in Britain, France, Germany and Spain suffered an outage for more than half an hour on Sunday night, but it was not immediately clear whether it was due to a cyber attack.
Expectations of low U.S. interest rates and one-way bets against the dollar saw it emerge as the new funding currency of choice for FX carry trades, the Bank for International Settlements said in its quarterly review.
Germany and France agreeing to make investors participate in losses in sovereign default was an important factor in the intensification of the euro zone sovereign debt crisis, a Bank for International Settlements report said on Sunday.
A 19-year-old Dutchman arrested on Saturday over a cyber attack on the website of the public prosecution office was released on Sunday after admitting involvement in the attack, Dutch authorities said.
The Alaska Senate race is finally over, perhaps.
The Obama administration is seeking to give its allies and U.S. exporters a boost, proposing new rules that will ease trade in items that could prove to be security risks if they fell into the wrong hands.
Austrian banker Sonja Kohn, accused in a U.S. lawsuit of being Bernard Madoff's criminal soul mate, was instead a victim of the man behind the biggest fraud in financial history, her lawyer in Vienna said.
China has stubbornly refused to cede to U.S demands to let the yuan rise against the dollar. The question is, among the US and China who will gain and who will lose if China ever agreed to appreciate its currency?
