Dollar stops being Russia's basic reserve currency: The US dollar is not Russia’s basic reserve currency anymore. The euro-based share of reserve assets of Russia’s Central Bank increased to the level of 47.5 percent as of January 1, 2009 and exceeded the investments in dollar assets, which made up 41.5 percent
S&P Lowers Britain's Debt Outlook: Ratings agency Standard & Poor's shocked investors Thursday with a formal warning that the U.K. must get its finances in order or lose its coveted triple-A credit rating, underscoring the monumental challenges the country faces as it seeks to dig its economy out from under the wreckage of the financial crisis.
Stocks Fall on Jobless Claims Report: Initial jobless claims fell by 12,000 last week to 631,000, according to the Labor Department. That was a higher total number of claims than analysts were expecting and the overall level of claims remains high by historical standards.
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