U.S. dollar advanced before Bernanke

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Source: Marketwatch
The greenback strengthened against its major counterparts, mostly versus the single European currency, ahead of Ben Bernanke's second day testimony. The ICE dollar index was up 0.11 per cent, while the WSJ dollar index rose 0.12 per cent on Wednesday. Meanwhile, the EUR/USD currency pair declined by 0.35 per cent to 1.2255 and mostly all American indexes were rising on concerns over Eurozone's worsening debt crisis.
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Wed, 18 Jul 2012 16:01:16 GMT

U.S. markets edge higher on Wednesday

Wall Street opened green on Wednesday, boosted by Intel's rebound and the Bank of America reported profit. The Dow Jones Index increased 0.13 per cent, to 12,822.42. The S&P 500 Index rose 0.25 per cent to 1,367.09, and the Nasdaq Composite Index jumped 0.68 per cent to 2,929.84. The boost was also provided by yesterday's Bernanke's report, who said that the Fed is ready for new

Wed, 18 Jul 2012 15:39:16 GMT

Bank of America reports $2.5 billion profit

On Wednesday, July 18, the bank of America, the second biggest U.S. bank, posted its second quarter report with $2.5 billion earnings. A cost-cutting plan, introduced a year earlier, helped the bank's fundamentals improve. Expenses dropped to $17 billion, or by 35 per cent, while the number of employees declined more than 12,000, what is the first phase of bank's cost cutting plan. Soon after the data

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