The dollar loses ground against the euro and the Japanese yen while gaining on the British pound. [...]
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Fed Chairman Ben Bernanke says that he always thought a failure of Lehman Brothers would severely damage the U.S. economy, and that he was willing to do anything to prevent the failure of the firm. But failure and bankruptcy proved inevitable two years… [...] The Fed chairman says that he always thought a failure of Lehman Brothers would severely damage the U.S. economy, but that the firm’s failure and bankruptcy proved inevitable. [...] FRANKFURT (MarketWatch) — Swiss gross domestic product grew by 0.9% in the second quarter, boosted by strong domestic demand, particularly investment activity, the government’s economics office said Thursday. Compared to the second quarter of last yea… [...] The European Central Bank on Thursday extended its program of emergency loans into early 2011, while the central bank staff raised their projections for economic growth. [...] |
  
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