Dollar plunges to new record euro low...
Dollar slumps to fresh euro low : The dollar plunged to another historic low point against the euro Tuesday, as the greenback was plagued by concerns over the US economy amid a global credit squeeze.
Saudi Riyal Touches 21-Year High: Gulf currencies rallied yesterday after United Arab Emirates policymakers called for a regionwide review of dollar-pegged exchange rates.
Global crash imminent, warns expert: A sharp downward correction is due in the global markets as real estate, stocks and energy soar to record highs, warned a leading expert on the opening day at this year's Dubai International Financial Centre (DIFC) Week.
Freddie Mac Loses $2B, Seeks New Capital: The mortgage crisis intensified Tuesday as Freddie Mac, the nation's No. 2 buyer and guarantor of home loans, posted its largest quarterly loss ever and warned that it may need to curtail its business unless it can raise fresh capital.
Patrick J. Buchanan: The Crash of 2008? : The Fed's raising of interest rates would push up the rates on mortgages, credit cards and auto loans, and push millions of marginal folks into bankruptcy and the country into recession, a disaster for the Republicans.