Wednesday, 17 June 2009

Dollar poses dilemma for Bric countries: China, Russia and, to a lesser extent, Brazil have expressed a desire to see the dollar one day replaced as the world's main trading currency.

U.S. credit card defaults rise to record in May: – U.S. credit card defaults rose to record highs in May, with a steep deterioration of Bank of America Corp's (BAC.N) lending portfolio, in another sign that consumers remain under severe stress.