Yellen to be nominated as Fed Chairman

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Agence France-Presse
The U.S. President Obama will name Janet Yellen as the next Chairman of the Fed, meaning that the nation's central bank will be led by the woman for the first time in its history. The event will be held at 3 p.m. today Washington time, according to a White House official's statement. The Fed Chairman Ben Bernanke's term expires on January 31.
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Wed, 09 Oct 2013 08:53:45 GMT

European shares retreat on U.S. deadlock

European shares dropped for a third straight day on investor worries that the U.S. government shutdown could end with a default. The Stoxx Europe 600 Index slid 0.3% to 305.87 as of 8:07 a.m. London time. The gauge has declined 1.3% weekly, after the U.S. Speaker Boehner stated that there will be conditions added before accepting a bill to raise

Wed, 09 Oct 2013 09:37:05 GMT

Aussie almost reaches three-week high

The Australian Dollar was near its strongest level in approximately three weeks ahead of domestic jobs data and after the statement that Janet Yellen will be nominated as Fed's Chairman. The Aussie gained 0.1% to 94.34 U.S. cents at 4:41 p.m. Sydney time after advancing 0.3% earlier, while the Kiwi traded at 82.88 U.S. cents, after climbing 0.4% on Tuesday.

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