UFDpoint

Tag: global economy

  • Euro falls down after Italy debt rating

    The euro came under pressure in Asia Wednesday after Moody’s downgraded Italy’s debt rating, fuelling worries over eurozone debt and the impact of a possible Greek default on the global economy. The euro fell to $1.3284 in Tokyo trade from $1.3338 in New York late Tuesday. The single currency also sagged to 101.82 yen from 102.14 yen. The…

  • Oil prices mixed as economic worries weigh

    SINGAPORE: Oil prices were mixed in Asian trade Tuesday as a downgrade by Standard & Poor’s of Italy’s sovereign debt rating added to market jitters, analysts said. New York’s main contract, WTI light sweet crude for October delivery, was down five cents to $85.65 a barrel in morning trade, and Brent North Sea crude for…