The U.S. economy added 173,000 jobs in August, lower than expected, in a report that gave fuel to both sides of the rate-hike debate, the Bureau of Labor Statistics reported Friday. In addition to the new jobs, the unemployment rate...
Stockmarket turmoil in China need not spell economic doom. But it does raise questions far beyond the country’s shores. The ability to make stockmarkets boomerang is usually reserved for central bankers. But on August 24th, hours into a global market...
Okay, so it’s not the best way to end the summer. August is usually a dull month on Wall Street, but this year it’s an all-hands event as stocks plunge and investors brace for more. So far, the S&P 500...
China has cut its main interest rate to boost growth in its economy. The People's Bank of China cut its main interest rate by 0.25 percentage points to 4.6% in an effort to calm stock markets after two days of...
Investors are in an anxious mood after an emerging-market rout spread into developed markets last week. Momentum is a big worry: one of the best predictors of markets is how they fared the previous day, and Friday was rough. The...
The Federal Reserve is putting some of its post-crisis actions under a magnifying glass and not liking everything it sees. In a white paper dissecting the U.S. central bank's actions to stem the financial crisis in 2008 and 2009, Stephen...
A cheaper yuan and America’s looming rate rise rattle the world economy. The cloud hanging over emerging markets seemed to darken in the past week. As it was, fears that the Federal Reserve is about to raise rates, pushing up...
China’s surprise devaluation of its currency has set up a classic standoff between the country’s central bank and foreign-exchange traders. While there is no doubt that Beijing will win the fight, the way the battle plays out will say a...
NOT since Bill Clinton was president and Barack Obama was a law professor with a sideline in local politics have the beaches of Bali and Langkawi looked so inviting to Americans. Four years ago, a dollar fetched just over 8,500...
Investors are on the fence on whether the Federal Reserve will raise rates in September. After the July jobs report comes out Friday, that may no longer be the case. When the Fed’s rate-setting committee met last week, it tweaked...
Greece's international creditors will have no choice but to accept an easing of the terms of Athens' debts, the head of the International Monetary Fund said on Wednesday. "It's inevitable that there is an element of debt restructuring," IMF Managing...
Greek voters have rejected austerity. Whether they meant to or not, they may find out they have also rejected the euro. IT WAS more than Greece's "No" campaigners could have hoped for—and it may turn out to be more than...
Greece will keep its banks closed on Monday in a bid to prevent its banking system from collapsing, a bank official said, after the European Central Bank moved to cap the amount of emergency loans it provides for the country’s...
The euro dropped more than 1 percent as trading opened in Asia Monday after Greece’s government moved the nation a step closer to leaving the currency bloc by effectively asking voters to decide on its membership. The yen climbed against...
CHINESE investors jokingly call the central bank "central mama". They thanked her for dispensing a bit of love over the weekend by trimming interest rates and reducing some lenders’ required reserves. The rate cut, her fourth since November, took one-year...
