NEW YORK The dollar rose to a one-week high against a basket of currencies on Wednesday as Federal Reserve officials talked up the likelihood of more interest rates later this year, perhaps as early as April. The dollar index .DXY, which tracks the U.S. curren... More »
SHANGHAI Chinese shares stumbled lower on Monday after an official measure of activity in the giant factory sector fell to its lowest since mid-2012, offering no respite for markets from the country’s economic drift. The Shanghai Composite Index .SSEC eased 1.... More »
SHANGHAI Chinese highly volatile shares ended lower again on Wednesday after plunging on Tuesday, taking losses in 2016 to about 22 percent or 12 trillion yuan ($1.8 trillion). The benchmark Shanghai Composite Index ended down 0.5 percent, having been up in th... More »
SHANGHAI China’s economy grew at its weakest pace in a quarter of a century last year, raising hopes Beijing would cushion the slowdown with more stimulus policies, which in turn prompted a rally on the country’s rollercoaster share markets. Growth for 2015 as... More »
SHANGHAI China guided its yuan currency higher on Monday, and offshore it surged against the dollar, spurred by what traders called aggressive intervention by Beijing, although Chinese stocks tumbled again as doubts persisted over policymakers’ intent. Perceiv... More »
China’s yuan slipped against the dollar on Monday after the central bank fixed a weaker guidance rate, traders said. The People’s Bank of China set the midpoint rate CNY=SAEC at 6.3676 per dollar prior to the market open, 0.11 percent weaker than the previous ... 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 »
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 »
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 »
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 »
