Savings in U.S. banks reach record $1.45 trillion in May
Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – More Americans continue to save in banks rather than borrow money from financial institutions. According to latest data from the Federal Reserve, savings in U.S. banks hit a record $1.45 trillion in May. The growing savings has been observed since the global financial crisis [...]
Yuan at record high versus dollar
The yuan hits a record high against the US dollar as the US Treasury department says the Chinese currency is not manipulated. View full post on All Stories
Library of Congress builds vast record collection
The sounds of everybody from Duke Ellington to Jelly Roll Morton to obscure surfer dudes are preserved at a Library of Congress facility in Virginia. Access is limited, but that is about to change. About an hour south of Washington, D.C., deep beneath rolling hills near the verdant Blue Ridge Mountains of Virginia, lies a [...]
Australia’s ANZ Bank first-half profit soars to record high
SYDNEY, May 3 (Xinhua) — ANZ Banking Group Ltd, one of the big four banks of Australia, posted a 23 percent rise in first-half underlying profit to a record on Tuesday as the lender has increased market share. Underlying profit for the six months to View full post on All Stories
Gold hits record on US growth concerns
Fed chairman Ben Bernanke’s press conference told investors that the US remained well behind other central banks in the tightening cycle View full post on All Stories
U.S. federal gov’t monthly budget deficit rises to record high in February
The U.S. federal government’s budget deficit surged by 222.5 billion U.S. dollars in February, the largest monthly budget deficit increase, the Department of Treasury figures revealed Thursday. View full post on All Stories
German public debt reached record level last year
Germany’s public debt rose sharply last year, mainly pushed up by the government’s financial support for the ailing banks. View full post on All Stories
Geithner Quietly Tells Obama Debt Expense to Increase to Record
Barack Obama may lose the advantage of low borrowing costs as the U.S. Treasury Department says what it pays to service the national debt is poised to triple amid record budget deficits. View full post on All Stories
Egypt Plans $2.6 Billion Sale; Yields Forecast to Rise
Egypt will try to raise as much as 15 billion Egyptian pounds ($2.6 billion) in a record sale of Treasury bills with bankers predicting yields will rise as foreign investors avoid the auction. View full post on All Stories
Close doesn’t count again for Cavs, drop NBA record 24th straight tilt
AHN Sports Staff Cleveland, OH, United States (AHN Sports) – The Cleveland Cavaliers are alone in the NBA record books in a way the franchise would have rather avoided, dropping their record 24th straight game in falling to the Portland Trail Blazers 111-105 Saturday. Seven Cavs notched double-figuring scoring, but it still wasn’t enough for [...]
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