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Oct 7, 2013

U.S. credit rating again in danger of downgrade

NEW YORK, Oct 7 (Reuters) – The three main credit rating
agencies have all warned, in varying degrees, the United States
rating could be cut should it hit an expected Oct. 17 deadline
when Washington is set to run out of cash, endangering its
ability to pay its debt.

As in 2011 when Democrats and Republicans in the U.S.
Congress could not agree on a budget and spending measures, the
full faith and credit of the United States is being put into
question, and global markets are coming under pressure.

Oct 4, 2013
Oct 1, 2013

Dollar off 8-month low as data mutes U.S. government shutdown

NEW YORK, Oct 1 (Reuters) – The dollar traded broadly lower
on Tuesday, but came off its deepest lows of the day after
robust U.S. manufacturing data offset fears that the U.S.
government’s first partial shutdown in 17 years would clip the
economic recovery.

U.S. manufacturing activity expanded at its fastest pace in
almost 2-1/2 years, while firms added the most workers in 15
months.

Oct 1, 2013
Oct 1, 2013
Sep 30, 2013

Dollar little changed as hopes for U.S. budget deal rise slightly

NEW YORK (Reuters) – The dollar was little changed against other major currencies on Monday, paring earlier losses, as hopes grew that U.S. lawmakers will reach a deal and avert a partial government shutdown as the Washington budget battle hurtled toward a midnight deadline.

The law that funds thousands of routine government activities is set to expire at midnight, as Republicans seek to defund President Barack Obama’s healthcare law.

Sep 26, 2013
Sep 26, 2013
Sep 26, 2013

Exclusive: Any attempt by Greek far-right to force elections could backfire – deputy PM

NEW YORK (Reuters) – Greece’s far-right Golden Dawn party would damage itself if it tries to force elections by walking out of parliament in a pique over a government crackdown, the country’s deputy prime minister said on Wednesday.

Evangelos Venizelos, who is also foreign minister in a coalition government, was responding to Greek media reports that Golden Dawn, which denies a neo-Nazi label, was considering pulling its 18 deputies from the 300-seat parliament, hoping to force political change.

Sep 26, 2013

Exclusive – Greece does not need third bailout, seeks debt ‘reprofiling’ – deputy prime minister

NEW YORK (Reuters) – Greece does not require a third bailout and can cover its needs without further burdening its current backers, by improving the terms of its debt and possibly returning to the bond market next year, the country’s deputy prime minister said on Wednesday.

Evangelos Venizelos, who is also foreign minister in a coalition government, is determined not to impose losses on Greece’s European Union partners and the International Monetary Fund, which have pulled the troubled country from the brink of bankruptcy with about 240 billion euros (202 billion pounds) so far.

    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
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