• Hottest Tech startups don't need venture capital money
    2017-07-24 07:00:59 UTC

    NEW YORK (Reuters) - U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money. Only a few years ago, digital currency entrepreneurs, like other Silicon Valley peers, had to line u...
  • Solid European economic outlook kept euro strong against dollar
    2017-07-21 04:12:59 UTC

    TOKYO (Reuters) - Concerns about Trump's inability to push the US economy and strong global growth are weakening the dollar. The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn, while a solid global economic outlook ...
  • US Dollar falls to lowest level in 2017
    2017-07-17 21:08:40 UTC

    NEW YORK (Reuters) - The U.S. dollar hit its lowest level against a basket of major currencies in 10 months on Monday and the Australian dollar hit a more than two-year high on strong Chinese economic data and doubts that the Federal Reserve would raise interest rates again this year. China's second-quarter gross domestic product to...
  • US auto industry has been bracing for a downturn
    2017-07-03 16:51:23 UTC

    The U.S. auto industry has been bracing for a downturn after hitting a record 17.55 million new vehicles sold in 2016. A glut of nearly new used vehicles poses competition for new vehicle sales and automakers have relied increasingly on high consumer discounts and loosened lending terms. Major automakers on Monday posted better-than...
  • Should I buy euros now or later?
    2017-06-09 23:19:33 UTC

    LONDON — The UK currency has experienced significant volatility in the fallout from the General Election. The Conservatives failed to secure a majority in the contentious vote, leaving the nation grappling with the result of a hung parliament. Sterling is buying €1.14 after dropping sharply overnight to €1.13. It still has a cli...
  • Trudeau vows to stand up for Canadian interests against Trump
    2017-04-25 17:13:52 UTC

    OTTAWA — Prime Minister Justin Trudeau vowed to stand up for Canadian interests on Tuesday after the U.S. imposed new tariffs on softwood lumber and trade tensions between the two countries escalated, sending the Canadian dollar to a 14-month low. While the currency fell, shares in Canadian lumber companies rose as the level of the ...
  • Global Stocks Slide, Treasuries and Yen Up
    2017-04-11 05:04:09 UTC

    Asian stocks fell in choppy trade on Tuesday as the political tinderbox in the Middle East and the Korean Peninsula added to uncertainty over the looming French vote, pushing edgy investors into safer assets such as the yen and Treasuries. Oil continued its steady climb on supply concerns in the wake of U.S. missile strikes on a Syr...
  • US dollar struggles near a four-month low against the yen
    2017-03-22 03:58:12 UTC

    By Shinichi Saoshiro | TOKYO — The dollar struggled near a four-month low against the yen on Wednesday as a bout of investor risk aversion hit U.S. stocks and sent U.S. Treasury yields sharply lower, eroding the greenback's interest rate allure. The U.S. currency was off 0.1 percent at 111.670 yen after plumbing 111.430, its low...
  • Euro marks strongest gain against dollar in one month
    2017-03-13 01:51:24 UTC

    The euro edged up near a one-month high against the dollar in Asian trading on Monday, after some European Central Bank policymakers raised the possibility of hiking interest rates before bond purchases end. The euro was up 0.1 percent at $1.0691 EUR=, after rising as high as $1.0699 on Friday, its highest level since Feb. 9. Som...
  • Euro jumps to three- week high against the dollar
    2017-03-10 19:44:15 UTC

    The euro jumped to a three-week high against the dollar on Friday after a report that the European Central Bank had discussed the possibility of raising interest rates before the end of its quantitative easing program. Sources told Reuters some ECB policymakers had suggested hiking rates from their current record lows before the end...
  • Dollar continues under pressure amid Trump protectionism
    2017-01-24 06:44:36 UTC

    Dollar struggles, pressured by worries over Trump protectionism. The dollar wallowed near seven-week lows in Asian trade on Tuesday, pressured by concerns about the impact of U.S President Donald Trump's protectionist trade stance. The dollar index, which tracks the greenback against a basket of six major peers, slipped 0.1 perce...
  • Asia stocks, dollar slip amid U.S. election tension
    2016-11-03 04:50:54 UTC

    Asia shares joined the U.S. dollar on the defensive on Thursday as the nail-biting U.S. presidential race saw the S&P 500 suffer its longest losing streak in five years as investors sailed to safer harbors. Tensions were aggravated by media reports that some agents at the FBI had wanted to press ahead with an investigation of the Cl...
  • Asia stocks shaky as FBI review of Clinton emails rattles markets
    2016-10-31 07:18:13 UTC

    SINGAPORE (Reuters) - Most Asian stocks struggled higher on Monday but investors were rattled by news that the FBI is planning to review more emails related to Democratic presidential candidate Hillary Clinton's private server, just a week before the election. European markets also looked set for a shaky start, with financial spread...
  • Bank of England records no dissent over lowering bank capital buffer after Brexit vote
    2016-07-12 08:50:19 UTC

    No Bank of England policymakers objected to a decision to cut banks' capital requirements at a meeting in the wake of Britain's vote to leave the European Union, a record of their meeting showed on Tuesday. Last week the BoE's Financial Policy Committee lowered a capital requirement for banks, reversing a decision made in March in a...
  • Dollar extends losses, stocks add to gains after Fed
    2016-06-15 18:51:47 UTC

    Global stock markets briefly added to gains while the U.S. dollar extended losses on Wednesday after the Federal Reserve decided to leave interest rates unchanged. U.S. bond yields fell after the statement by the U.S. central bank, which also signaled it still plans two rate increases this year and that it expects the U.S. job marke...
  • Panic: U.S. Stock Market Crash
    2015-08-25 03:12:30 UTC

    Panic: U.S. Stock Market Crash. Dow Jones on deep worry over Beijing's economy U.S. stocks ended more than 4 percent lower on Monday, their fifth straight drop, in an unusually volatile session that confirmed the S&P 500 was formally in a correction. The Dow Jones industrial average .DJI fell 585.66 points, or 3.56 percent, to 15...
  • Shares of San Francisco-based Twitter fell more than 11 percent
    2015-07-29 07:44:25 UTC

    San Francisco - Shares of San Francisco-based Twitter fell more than 11 percent in extended trade on Tuesday after the company said it had 304 million core users in the second quarter, up from just 302 million in the prior quarter. Raising concerns it will never become mass market like Facebook. <img alt="Twitter-facebook" src="/sys...
  • Dow opens higher for first time in five days
    2015-06-10 16:15:16 UTC

    The Dow Jones Industrial Average opened higher on Wednesday for the first time in five days and returned to positive territory for the year as a selloff in the equities market took a breather. U.S. stocks ended flat on Tuesday, after three days of decline as financial and consumer staples shares bounced. Applications for U.S. hom...
  • European Factors to Watch-Shares seen tracking U.S. shares lower
    2015-06-09 06:58:45 UTC

    LONDON (Reuters) - European stocks were set to fall for the sixth consecutive session on Tuesday, tracking a drop in Asian and U.S. shares as investors mulled the prospect of a U.S. interest rate rise as early as September. At 0607 GMT, futures on Britain&apos;s <a href="
  • Asian shares swoon, dollar on defensive
    2015-06-09 06:37:33 UTC

    (Reuters) - Asia shares sank in a sea of red on Tuesday as speculation of U.S. rate rise as early as September hit emerging markets generally, while failing to give a lasting lift to the dollar. A steady start soon gave way to broad selling with MSCI&apos;s index of Asia-Pacific shares outside&nbsp;<a href="
  • After strong earnings at Wall Street Asian stock market rise
    2015-04-27 05:29:44 UTC

    BEIJING (AP) — Asian stock markets rose Monday after Wall Street gained on strong earnings and investors looked ahead to Apple results and this week's U.S. Federal Reserve meeting. KEEPING SCORE: The Shanghai Composite Index rose 1.1 percent to 4,441.93 points and Hong Kong's Hang Seng gained 0.7 percent to 28.245.14. Sydney's S&P A...
  • Asian markets up after Wall Street gains
    2015-03-23 04:57:59 UTC

    BEIJING (AP) — Asian stock markets rose Monday following Wall Street's gains amid expectations global central banks will hold off raising interest rates. KEEPING SCORE: The Shanghai Composite Index rose 1.2 percent to 3,659.11 points and Tokyo's Nikkei 225 gained 1.1 percent to 19,769.71. Hong Kong's Hang Seng added 0.4 percent to 2...
  • Asia stocks weak after US drops on Fed rate hike anxiety
    2015-03-11 03:55:03 UTC

    HONG KONG (AP) — Asian stocks got off to a weak start Wednesday following sharp declines on Wall Street sparked by growing investor anxiety about a looming U.S. interest rate hike. KEEPING SCORE: Japan's Nikkei 225 gained 0.5 percent to 18,757.55, getting some relief from the prevailing trend as the dollar strengthened against the y...
  • Harsh winter: US economy one quarter away from recession
    2014-05-29 17:53:59 UTC

    The US economy contracted for the first time in three years in early 2014 after a much worse performance than originally feared. Washington's commerce department said the world's biggest economy shrank at an annual rate of 1% during the first quarter – a period marked by an unusually harsh winter in some of the more populous states....
  • Asia Stocks: China factory data spark share rally
    2014-05-22 06:27:49 UTC

    After some economists shrugged off a series of weak China data in recent months, some are also shrugging off today’s strong China data. Always the first to comment on HSBC’s China PMI is the bank’s own chief China economist Hongbin Qu. While Qu admits that “the improvement was broad-based, with both new orders and new export orders ...