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...
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...
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 renewable-energy boom is here. Trillions of dollars will be invested over the next 25 years, driving some of the most profound changes yet in how humans get their electricity. That's according to a new forecast by Bloomberg New Energy Finance that...
But he says there is still uncertainty about whether labor market will keep improving. U.S. central bankers are still likely to start raising interest rates this year if the labor market improves further, though the jobs outlook has become more...
BEIJING—China is stepping up monetary-easing measures in the face of a worse-than-expected economic slowdown, as authorities scramble to ease the heavy debt burdens of companies and governments. The People’s Bank of China said Sunday it would shave a quarter of...
Tumbling interest rates in Europe have put some banks in an inconceivable position: owing money on loans to borrowers. At least one Spanish bank, Bankinter SA, the country’s seventh-largest lender by market value, has been paying some customers interest on mortgages by deducting...
Greece is drawing up drastic plans to nationalise the country's banking system and introduce a parallel currency to pay bills unless the eurozone takes steps to defuse the simmering crisis and soften its demands. Sources close to the ruling Syriza...
Retirement plan advice is at a turning point, and this special report explores the biggest issues and changes facing the industry today. Investment News
...The euro has fallen to its lowest level against the US dollar in 12 years after the European Central Bank (ECB) began its government bond buying programme. It fell as low as $1.0560, before recovering a little. But many traders...
