FRANKFURT, Germany (AP) — Croatia and Bulgaria took a big step toward joining the shared euro currency Friday, underlining the currency bloc's attraction despite its 2010-2015 debt crisis and the...
BEIRUT (AP) — Major retailers in Lebanon announced on Thursday they will temporarily shut down in the face of an increasingly volatile currency market and their inability to set prices while the...
WASHINGTON (AP) — Just what the fragile global economy didn't need: An unpredictable escalation in President Donald Trump's trade war with China, one that spreads the conflict to currency markets,...
TOKYO (AP) — Four years after popular Tokyo-based bitcoin exchange Mt. Gox was hacked and went bankrupt, the case still casts a shadow over the regulatory regime put in place to protect Japan's thriving cryptocurrency market.
Mark Karpeles, the French founder and former CEO of Mt. Gox, says he hopes to recoup the millions lost by his customers in the heist. That's now a possibility, given the surge in bitcoin's value in recent years to some 10 times its earlier value.
DAVOS, Switzerland (AP) — The U.S. treasury chief welcomed a weaker dollar on Wednesday, breaking with a decades-long commitment by the U.S. government to back a strong dollar.
The comments led to an immediate, sharp drop in the value of the dollar in currency markets.
NEW YORK (AP) — The volatility of the digital currency markets was on display again Wednesday, as bitcoin briefly fell below $10,000 before rebounding back above $11,000 in the U.S. afternoon.
With the drop below $10,000, bitcoin had lost about half its value since hitting a high above $19,000 in mid-December. Other digital currencies bounced around as well.
MEXICO CITY (AP) — Mexico's central bank said Tuesday it will seek to bolster the peso amid concerns that the U.S. tax overhaul could reduce investment flows to Mexico.
The Bank of Mexico said it would increase the currency coverage contracts it auctions to cushion the risk of holding pesos. The bank said it will add $500 million in non-deliverable, renewable forwards to its initial offering of $5 billion.
LONDON (AP) — The euro and the British pound, Europe's top two currencies, extended gains Thursday as investors focused on recent central bank comments about the possibility of tighter monetary policy. Stocks were mixed ahead of U.S. economic data, including the latest revision to first-quarter growth.
FRANKFURT, Germany (AP) — The British pound rose sharply Wednesday after the country's top central banker pondered the prospect of higher interest rates, a day after his counterpart at the European Central Bank sent the euro soaring with a relatively rosy economic assessment of the 19-country eurozone.
WASHINGTON (AP) — The Trump administration declined Friday to label China a currency manipulator despite President Donald Trump's insistent pledge during the election campaign that he would do so as soon as he took office.
LONDON (AP) — British lawmakers pressured the Conservative government Wednesday to give Parliament a vote on the negotiating terms for the U.K.'s exit from the European Union, as uncertainty about what kind of deal the U.K. is seeking with the EU rattles business leaders and currency markets.
Government ministers, however, insisted it would not be wise to give too much away while Britain's stance is still being worked out.
LONDON (AP) — Britain's top stock market index, the FTSE 100, struck a record high on Tuesday amid hopes that many of its listed companies will benefit from the pound's slide in currency markets.
LONDON (AP) — Global shares held up Tuesday despite concerns over South Korea's Samsung Electronics which saw its share price slide after the company said it is discontinuing production of Galaxy Note 7 smartphones permanently because of overheating handsets.
LONDON (AP) — Britain's main stock market fell agonizingly short of an all-time high on Tuesday amid a groundswell of optimism that exporters and multinationals will benefit from the pound's woes in the wake of the country's vote to leave the European Union in June.
SEOUL, South Korea (AP) — Asian stock markets drifted sideways on Tuesday as the price of oil took a breather from a three-day rally. Investors were digesting mixed reports on the health of the global economy and awaiting U.S. data later in the week.