Gold Futures Fall as Markets Rally
After two days of wildly-fluctuating prices, gold futures fell over $40 as markets rebound.
Stocks Rally on News of Fed Proposal
U.S. Federal Reserve Chairman Ben Bernanke announced plans to provide additional funds to ease credit crisis.
Yen to Reach 100 to the Dollar?
A former top-official with Japan’s Finance Ministry sees Yen reaching 100 to the dollar compared to its current 106.72, arguing that there is no “quick fix” to the U.S. market crisis.
Crude Marks Third Day of Gains
As plans come together to rescue financial markets, investors still turn to oil as a safe hedge pushing crude higher for the third straight day.
Regulators Move to Curb Short-Selling
The U.K. Financial Services Authority (FSA) together with other regulators including the U.S.-based Securities and Exchange Commission (SEC), moved to ban the short selling of shares of troubled financial services firms.
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