Global equities fell sharply and the dollar sank on Tuesday after US government plans to rescue ailing mortgage groups Freddie Mac and Fannie Mae left investors unconvinced. (more…)

If the United States were any other country, these would surely be days of panic and austerity in Washington. With debts spiraling higher, a trade deficit exceeding $700 billion a year, and its currency plunging for years, the government would be forced (more…)

The renminbi has strengthened beyond Rmb7 to the dollar for the first time since 1994 as China’s economic growth speeds on under inflationary pressure. (more…)

The dollar plummeted to record lows and the price of gold touched $1,000 on Thursday as retail sales figures confirmed that the US is in recession and concern intensified about spreading distress in the hedge fund sector. (more…)

   Abraham Lincoln is getting a little color in his cheeks. New $5 bills bearing the gaunt visage of the nation’s 16th president — but with some touches of color added — are making their way to banks and cash registers near (more…)

Asian stocks fell sharply and the U.S. dollar fell to levels not seen for three years against the Japanese yen on Monday, on speculation the Federal Reserve board may lower (more…)

The owner-operator of a Lynwood pet store pleaded Wednesday to felony animal cruelty charges spanning a three-year period in which dogs and cats were suffocated, thrown in dumpsters and left for dead, and operated upon without anesthesia. (more…)

At the end of a year in which the dollar has endured a marked decline against other currencies, an unsettling question is beginning to be voiced: can the troubles of the US currency be confined to the financial world or are (more…)

The coordinated effort by global central banks to step up liquidity support for financial markets has prompted some in the markets to speculate that coordinated currency intervention to support the dollar (more…)

China has agreed to a series of measures to open up its financial markets, the US said on Thursday on the final day of their “strategic economic dialogue”. The two sides had also agreed that they needed to take (more…)

The long-run value of all paper currencies is zero. That is a fond saying of Bill Bonner, goldbug and publisher of the Daily Reckoning, a contrarian financial newsletter. So why should the dollar (more…)

The dollar fell to a record low against the Euro and the Swiss franc on Thursday as the pressure mounted on the beleaguered US currency. Ashraf Laidi at CMC Markets said this week’s downbeat (more…)

When David Rubenstein, co-founder of Carlyle Group, polled his audience about their worries at a private equity conference in Hong Kong last week, many global investors identified the weak dollar as a (more…)

At a Group of 7 meeting this autumn in Washington, the United States persuaded Europe to join its strategy of leaning on China to revalue the Yuan upward, a step that would help ease the pressure on (more…)

The dollar dropped to a record low against the Euro on Wednesday as concerns over a US economic slowdown continued to weigh on the beleaguered currency (more…)

A day after Michael Kingsley arrived in this romantic university town, he was in no mood to savor the cobblestone streets, the half-timbered houses or the flower-bedecked windows — to say nothing of the camera-ready castle on the hill. Mr. Kingsley had left his camera battery and charger in a hotel room in London, and he knew that as an American tourist, buying replacements here was going to sting. The damage: $143. (more…)