China wants alternative to the dollar for trade, foreign reserves
Beijing CHINA is calling for a new global currency controlled by the International Monetary Fund (IMF), stepping up pressure...
Tag: dollar
GMAC eases burden with $21.2 billion debt swap (Reuters)
Reuters – GMAC, the General Motors Corp financing affiliate that received a $6 billion infusion from the government, completed...
U.S. dollar rises against most major currencies
The U.S. dollar rose against most major currencies on Tuesday after thin but volatile trading. The dollar fell sharply...
Wall Street opens higher on GM rally
Wall Street opened modestly higher Friday, as struggling General Motors rallied after its financial arm GMAC was allowed to...
Dollar mixed against major currencies
The dollar dipped against the euro but rose slightly against the pound and the yen on Friday in thin...
Wall Street mixed on GM rally
Wall Street moved mixed Friday, as General Motors rallied after GMAC was allowed to convert into a bank. The...