TOKYO The dollar clawed back some of the ground it had lost against the yen on Monday, after skidding on mixed U.S. employment data that failed to bring much clarity to the timing of the U.S. Federal Reserve’s long-awaited interest rate hike. The dollar added ... More »
SHANGHAI China’s yuan weakened against the dollar on Monday in spite of a firmer midpoint, as investors sold the Chinese currency and the central bank was seen to be less heavily intervening in the market via state-owned banks. “Dollar sales by state-owned ban... More »
TOKYO The dollar nursed its losses on Monday, after dropping on mixed U.S. employment data that failed to bring much clarity as to the timing of the U.S. Federal Reserve’s long-awaited interest rate hike. Nonfarm payrolls rose a less-than-expected 173,000 last... More »
NEW YORK Stocks edged higher on Wall Street in another volatile session on Thursday while the euro fell 1 percent on a darkening euro zone outlook as investors grew cautious ahead of the closely watched U.S. monthly jobs report. Global stock markets rallied ea... More »
HONG KONG Global financial markets looked set for another rough week on Monday, with stocks and commodities falling ahead of data that could give clues on when the U.S. will raise interest rates and surveys which are likely to point to further weakness in Chin... More »
TOKYO/SINGAPORE The dollar began the week under pressure on Monday, on track for monthly losses but off recent lows as investors kept alive hopes that the U.S. Federal Reserve would raise interest rates as early as next month. The dollar index .DXY, which trac... More »
SHANGHAI， China’s yuan firmed on Monday after the central bank set a stronger guidance rate while it also appeared to continue using state-owned banks to support the Chinese currency, traders said. For August, the currency is set to depreciate 2.7 percent if i... More »
TOKYO The dollar began the week under pressure on Monday, on track for monthly losses but off recent lows as investors kept alive hope that U.S. jobs data later this week would give the U.S. Federal Reserve reason to raise interest rates as early as next month... More »
JACKSON HOLE, Wyo. Central bankers from around the world are telling their American counterparts that they are ready for a U.S. interest rate hike and would prefer that the Federal Reserve make the move without further ado. In private and in public at last wee... More »
SHANGHAI Chinese stocks tumbled again on Tuesday, despite a rebound in markets elsewhere in Asia, as investors despaired at the lack of policy action from Beijing in response to recent data suggesting the downturn in the world’s second-largest economy is deepe... More »
BERLIN French Economy Ministry Emmanuel Macron said on Tuesday developments in China pose a risk that should not be underestimated. He was speaking at an event with German Foreign Minister Frank-Walter Steinmeier in the German capital. (Reporting by Andreas Ri... More »
SHANGHAI， China’s yuan dipped against the dollar on Tuesday after closing at its weakest level since 2011 on Monday, hit by another slump in the mainland’s stock market and a weak central bank midpoint. Traders said they believed the yuan’s current range betwe... More »
LONDON Volatile global markets got some respite from the latest blood-letting on Tuesday as bargain hunters nudged up Asian and European stocks, though China, at the center of the rout, was smashed again. The dollar and oil prices saw their first rises in five... More »
SINGAPORE/TOKYO The dollar rose against the yen on Tuesday, pulling up from a slide to seven-month lows the previous day, but the outlook remained clouded by worries of a China-led slowdown in global growth. Traders said a rise in U.S. stock index futures and ... More »
TOKYO Japanese Finance Minister Taro Aso warned market players against pushing up the yen too much further, saying that its spike against the dollar overnight was “rough” and undesirable for the economy. Aso said that while there was no immediate plan for G20 ... More »
WASHINGTON Jostling for position in the U.S. presidential race, candidates on Monday blamed Wall Street elites, the Federal Reserve, exposure to China, and President Barack Obama’s spending policies for the market contagion from China’s stock-market plunge. As... More »
BRUSSELS/ATHENS Euro zone finance ministers have agreed to lend Greece up to 86 billion euros ($96 billion) after Greek lawmakers accepted their stiff conditions despite a revolt by supporters of leftist Prime Minister Alexis Tsipras. Assuming approval by the ... More »
SHANGHAI China’s currency fell to a four-year low on Wednesday, slumping for a second day, after a central bank devaluation on Tuesday, and government sources believe the yuan may be allowed to slide even further to help the country’s exporters. The yuan trade... More »
NEW YORK Stocks, the U.S. dollar, and emerging market currencies around the world remained under pressure for a second day on Wednesday after China’s yuan weakened again, a day after the country devalued its currency. Major Wall Street averages pared losses by... More »
NEW YORK The U.S. dollar fell on Wednesday to its lowest in about a month against a basket of major currencies, on doubts over whether the U.S. Federal Reserve will raise interest rates in September given China’s devaluation of the yuan. The euro hit its highe... More »
BEIJING China’s move to devalue its currency reflects a growing clamor within government circles for a weaker yuan to help struggling exporters, ensuring the central bank remains under pressure to drag it down further in the months ahead, sources said. The yua... More »
BEIJING Growth in China’s factory output, investment and retail sales were all weaker than expected in July, adding pressure on Beijing to roll out more measures to prevent a deeper slowdown, days after it shocked markets by devaluing its currency. While the c... More »
WASHINGTON Republican presidential candidate Donald Trump on Tuesday said China’s devaluation of the yuan would be “devastating” for the United States. “They’re just destroying us,” the billionaire businessman, a long-time critic of China’s currency policy, sa... More »
China’s massive foreign currency reserves are dwindling at a more than half-trillion-dollar annual pace, a trend which may tighten global credit conditions. China’s central bank said its reserves fell by $43 billion in July to $3.65 trillion, in the first ever... More »
Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) (BRKb.N) said on Friday its second-quarter profit fell 37 percent, reflecting a significant decline in investment gains and an underwriting loss from insurance operations, which include Geico. Net income for the... More »
LONDON/SYDNEY Economic headwinds facing Chinese manufacturers intensified last month, with conditions deteriorating to their weakest level in two years, while euro zone factories largely shrugged off Greece’s brush with bankruptcy. July was a fraught month for... More »
LONDON The dollar fell against a basket of currencies on Monday, weighed down by below-par wage growth data late last week that clouded the outlook over when U.S. interest rates are likely to rise. U.S. short-dated yields fell and the dollar was sold on Friday... More »
SYDNEY Headwinds for the world’s second-biggest economy intensified at the start of the third quarter, with manufacturing conditions in China deteriorating to their worst in two years in July and triggering fresh slides in global commodity prices. Similar busi... More »
HONG KONG/TOKYO An index of Asian shares outside Japan fell close to this year’s lows on Monday thanks to a deepening selloff in commodities and fresh concerns over slowing growth in China, while the dollar held its ground against a basket of currencies. In li... More »
BERLIN French finance minister Michel Sapin has criticized his German counterpart Wolfgang Schaeuble for suggesting that Greece could temporarily leave the euro zone, but said the Franco-German relationship is “not broken”. In an interview with German business... More »
TOKYO Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox, was arrested on Saturday in connection with the disappearance of hundreds of millions of dollars worth of the virtual currency, Japanese media reports said. The French-born Karpeles, 30,... More »
LONDON U.S. equities’ share in global portfolios fell to the lowest in at least five years and U.S. bond allocations were also cut as nervous investors started readying themselves for the first Federal Reserve rate rise in almost a decade. But while U.S. asset... More »
BERLIN A Greek exit from the euro zone would cause “utter chaos” but would have to be accepted if Athens was not willing to implement reforms, Chancellor Angela Merkel’s Bavarian ally Horst Seehofer told German newspaper Die Welt on Wednesday. “No one can pred... More »
BERLIN The German government’s panel of independent economic advisers favors creating an insolvency mechanism for euro zone states and says countries should be able to leave the single currency as a last resort. The Greek crisis has called into question the fu... More »
NEW YORK Global equity markets dropped on Friday and copper fell to a six-year low as weaker-than-expected data from China and the euro zone exacerbated concerns over global economic growth. Brent and U.S. crude oil futures settled at their lowest since March ... More »
LONDON/NEW YORK The global economy started the second half of the year on shaky ground with China’s factory sector activity contracting in July at the fastest pace in 15 months and euro zone manufacturing weaker than expected, although U.S. activity picked up.... More »
BERLIN German lawmakers gave their go-ahead on Friday for the euro zone to negotiate a third bailout for Greece, but a warning from Chancellor Angela Merkel that the alternative was chaos failed to prevent a hefty rebellion in her own party. The Bundestag, the... More »
BERLIN German lawmakers gave their go ahead on Friday for the euro zone to negotiate a third bailout for Greece, heeding a warning from Chancellor Angela Merkel that the alternative to a deal with Athens was chaos. The Bundestag lower house of parliament, whos... More »
BEIJING China’s export sales unexpectedly rose for the first time in four months in June and imports fell again but posted their best performance this year, causing some optimism tepid trade flows are picking up. Yet hopes were offset by a realization that Chi... More »
CARACAS Origami-like boats made from Venezuela’s rapidly depreciating bolivar bills sit on the cash register of a small fruit and vegetable store in Caracas. Cashier Marisol Garcia makes the bolivar boats to illustrate roaring inflation and the currency’s tumb... More »
SHANGHAI Chinese stocks fell on Tuesday, taking little comfort from a slew of support measures unleashed by Beijing in recent days, and unnerved by Chinese Premier Li Keqiang’s failure to mention the market chaos in a statement on the economy. Before the marke... More »
TOKYO Most Asian stocks drooped on Tuesday as Chinese equity markets went into a fresh tailspin, fraying investor nerves already strained by uncertainty hanging over the future of Greece and the European currency union. Chinese shares fell more than 5 percent ... More »
SAO PAULO Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil’s currency market and will receive no punishment in the case, a local newspaper reported on Friday. The investigation, which involv... More »
HONG KONG Asian shares held near five-month lows on Tuesday after Chinese stocks took another leg down while safe-haven assets received a boost as investors nervously awaited further developments in the deepening euro zone crisis. China’s stocks .SSEC tumbled ... More »
TOKYO The euro slipped on Tuesday as traders braced for the near certainty that Greece will default on a repayment to the International Monetary Fund later in the day, putting the country at risk of disruptive exit from the euro zone. The euro fell 0.4 percent... More »
BEIJING China’s trade deficit in services widened to $18.3 billion in May, as Chinese tourists continued to spend more abroad than foreigners visiting the country, the foreign exchange regulator said on Tuesday. The deficit was led by a $16.2 billion gap in sp... More »
TOKYO U.S. stock futures edged up and the euro sagged in early Asian trading on Tuesday as Greece lurched toward defaulting on a debt payment due later in the session, raising the likelihood of the cash-strapped nation’s exit from the euro zone. Greece will no... More »
WASHINGTON The fuse may be lit for a Greek exit from the euro zone but the fallout in the United States is expected to be modest and not enough to throw the Federal Reserve’s likely September rate hike off course, said former Fed officials and outside analysts... More »
