Showing 1 - 10 of 23
ECB holds interest rates as strong euro causes jitters
AFP, Published on 05/02/2026
» FRANKFURT (GERMANY) - The European Central Bank held interest rates steady for its fifth straight meeting Thursday, saying the eurozone economy remained "resilient" despite mounting worries about the impact of a stronger euro.
Dollar softens after rally but Asian stocks struggle to recover
AFP, Published on 27/09/2022
» HONG KONG: The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the baht and the pound, though equity traders struggled to claw back recent losses owing to recession fears.
Yen slides to 24-year low against dollar
AFP, Published on 13/06/2022
» TOKYO - The yen plunged to its lowest level against the dollar since 1998 on Monday as sky-high US inflation fuels a widening monetary policy gap between Japan and the world's largest economy.
Virtual gold? Bitcoin's rise sparks new debate amid pandemic
AFP, Published on 08/11/2020
» LONDON - Bitcoin's rally above $15,000 has reignited debate over whether the cryptocurrency is so-called digital gold or a perilously risky bet as investors grapple with the coronavirus pandemic.
Coronavirus plunges world economy into brutal recession
AFP, Published on 09/04/2020
» PARIS: Measures imposed to slow the spread of the coronavirus are pushing the world economy into a recession deeper and more painful than initially expected, even if a rebound is still on the cards for next year.
Pound dips as Brexit saga drags but hopes for deal lend support
AFP, Published on 21/10/2019
» HONG KONG: Sterling fell on Monday after MPs voted to delay passing British Prime Minister Boris Johnson's Brexit deal, though losses were limited by hopes the country can eventually avoid crashing out of the EU without a divorce agreement in place.
Pound shrugs off Johnson's latest Brexit setback
AFP, Published on 21/10/2019
» WELLINGTON: Sterling opened to modest losses Monday following British Prime Minister Boris Johnson's latest failure to break the Brexit deadlock, with forex markets shrugging off a weekend of drama in the British parliament.
Chinese currency steadies after turbulent trading
AFP, Published on 06/08/2019
» BEIJING: The Chinese currency steadied on Tuesday, a day after Beijing let the yuan weaken against the dollar, sending markets into freefall and leading the US to formally designate China a "currency manipulator".
Nintendo's Q1 net profit drops 46% on forex losses
AFP, Published on 30/07/2019
» TOKYO - Japanese entertainment giant Nintendo said Tuesday its net profit in the first quarter dropped 46 percent due to exchange rate losses, but reported steady sales of its Switch gaming platform.
US Treasury again says China is not manipulating currency
AFP, Published on 29/05/2019
» WASHINGTON: The US Treasury expanded the number of countries subject to scrutiny in a semi-annual report released Tuesday, but again found that neither China nor any other trading partners was manipulating its currency.