- US stocks drop; mixed jobs report clouds rate outlook Updated: Sep-04-15 5:46 pm
NEW YORK - It's an adage that investors hate uncertainty. Unfortunately for them, they got more of it on Friday.
- European Central Bank ready to give eurozone more stimulus Updated: Sep-03-15 1:00 pm
FRANKFURT, Germany - The European Central Bank is ready to give the eurozone economy a bigger dose of stimulus if turmoil in China and weaker global growth hurt its modest recovery, President Mario Draghi said Thursday.
- The Latest: ECB's Draghi says inflation target must stand Updated: Sep-03-15 9:22 am
FRANKFURT, Germany - The latest on the European economy as the European Central Bank meets to discuss its monetary policy (all times local):
- Correction: Financial Markets-Herd Mentality story Updated: Sep-01-15 5:49 pm
NEW YORK - In a story Aug. 31 about investors selling emerging-market investments, The Associated Press erroneously shortened the name of a fund that tracks commodity producers. The correct full name is the FlexShares Morningstar Global Upstream Natural Resources Index Fund.
- IMF head: Global growth likely to be weaker than expected Updated: Sep-01-15 10:39 am
JAKARTA, Indonesia - Global economic growth is likely to be weaker than earlier expected and will remain at moderate levels, the head of the International Monetary Fund said Tuesday.
- Japan reports inflation, household spending soften in July Updated: Aug-28-15 2:16 am
TOKYO - The backdrop to the wild drama in financial markets over the past few weeks is a less dramatic but more daunting reality: the deep-seated challenges for sustaining long-term growth, especially for aging economies like Japan's.
- China's Xi staying the course despite sliding economy Updated: Aug-26-15 9:22 am
BEIJING - What does China's leadership lose politically as a result of the country's precipitous stock market decline? A bit of international swagger, but probably not much else - for now.
- China cuts interest rates again to spur economic growth Updated: Aug-25-15 10:22 am
BEIJING - China cut interest rates for a fifth time in nine months Tuesday in a new effort to shore up slowing economic growth, and its top economic official tried to dispel fears its yuan might fall further in value.
- Russian ruble collapses to 7-month low on weak oil prices Updated: Aug-24-15 1:05 pm
MOSCOW - The Russian ruble plunged 2.9 percent on Monday to hit a seven-month low amid a further drop in oil prices, the country's key export.
- South African currency hits record lows Updated: Aug-24-15 12:32 pm
JOHANNESBURG - The prospects of rising interest rates in the United States, coupled with a downturn in the Chinese economy contributed to the South African currency's record drop on Monday, said economists.
- Kazakh currency recovers somewhat after massive plunge Updated: Aug-24-15 8:44 am
MOSCOW - Kazakhstan's currency recovered some of last week's massive losses against the dollar on Monday, with a rise of over 10 percent Monday.
- Sinking currencies point to jitters about emerging economies Updated: Aug-21-15 6:07 pm
WASHINGTON - The damage spans the globe.
- Japan's finance minister warns China on currency moves Updated: Aug-21-15 5:37 am
TOKYO - Japanese Finance Minister Taro Aso said Friday that recent moves by China to allow its currency to depreciate are a concern and could pose problems for Tokyo.
- Mexico's Treasury lowers GDP growth forecast, to 2-2.8 pct Updated: Aug-20-15 6:37 pm
MEXICO CITY - The Mexican Treasury Department on Thursday lowered its economic growth forecast for 2015 to between 2 percent and 2.8 percent.
- Kazakhstan currency plunges after free-float decision Updated: Aug-20-15 7:46 am
MOSCOW - Kazakhstan currency plunged by over 20 percent against the dollar on Thursday after the government decided to move to a free float to cope with big swings in global currencies and commodity prices.
- 5 factors that could forestall a Fed rate hike in September Updated: Aug-20-15 12:07 am
WASHINGTON - Thanks to a strengthening U.S. economy, four weeks from now the Federal Reserve is widely expected to engineer its first interest rate hike in nearly a decade. Rates on loans throughout the economy could eventually rise as well.
- Mexican peso hits lowest level against the US dollar Updated: Aug-19-15 9:28 pm
MEXICO CITY - The Mexican peso has hit its lowest level ever against the dollar Wednesday, trading an average of 16.52 on the interbank market, the Bank of Mexico said.
- Vietnam devalues currency by 1 percent after Chinese move Updated: Aug-19-15 5:16 am
HANOI, Vietnam - Vietnam allowed its currency to weaken by at least 1 percent Wednesday following the devaluation of the Chinese yuan and the expectation of a possible U.S interest rate hike.
- Japan trade deficit widens as export growth slows Updated: Aug-19-15 1:22 am
TOKYO - Japan's trade deficit widened to its largest level in five months in July, adding to worries over the recovery amid weakening demand in China for chemicals, machinery and electronics.
- From bananas to phones: How cheaper yuan could reverberate Updated: Aug-14-15 6:55 am
HONG KONG - China's unexpected move this week to lower the value of its tightly-leashed currency, the yuan, sent shockwaves through global financial markets. The impact on consumers around the world and China's neighbors will take longer to play out but possible winners and losers are already emerging.
- US lawmakers quick to criticize China on currency drop Updated: Aug-13-15 11:10 am
WASHINGTON - U.S. lawmakers have been quick to condemn the sudden drop in the value of Chinese currency as damaging for American businesses and workers, reviving an issue that once was one of the biggest sources of tension between the two world powers.
- China tries to quell fears of more big devaluations Updated: Aug-13-15 1:16 am
BEIJING - China tried Thursday to quell fears its yuan would fall further, saying it is close to market levels following declines that sparked fears of a "currency war" if other governments respond by pushing down their own exchange rates.
- As Chinese yuan falls more, some see little cause for alarm Updated: Aug-12-15 3:53 pm
WASHINGTON - A free-falling Chinese currency could make China's goods cheaper for foreigners, squeeze Western companies, discourage Chinese tourism, increase China's exports and complicate the Federal Reserve's decision on whether to raise American interest rates.
- Indonesian president reshuffles Cabinet to boost economy Updated: Aug-12-15 10:19 am
JAKARTA, Indonesia - Indonesia's president announced a Cabinet reshuffle Wednesday, replacing key economic ministers with the aim of speeding up infrastructure spending to revive sputtering growth and stabilize the sliding rupiah.
- Q&A: What yuan devaluation means for China, other countries Updated: Aug-11-15 11:37 pm
BEIJING - China rattled global financial markets by devaluing its currency in what it said was an effort to make its exchange rate more market-oriented. The yuan's value declined 1.9 percent on Tuesday, its biggest one-day drop in a decade, and dropped a further 1.6 percent on Wednesday. The move could help Chinese companies by making their products less expensive in global markets. U.S. stocks sank, partly on fears about a worsening economic slowdown in China.