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Illustration shows U.S. Dollar banknotes

Dollar Hits 5-week High On Hawkish Fed Before Jackson Hole

The U.S. dollar index hit a fresh five-week high on Monday after another Federal Reserve official flagged the likelihood of continued aggressive monetary tightening ahead of the central bank's key Jackson Hole symposium this week.
Display of stock information in Shanghai

Asia Shares Slip Anew, Dollar Keeps Rising

Asian shares got off to a rocky start on Monday while the dollar remained in demand amid concerns most major central banks are committed to raising interest rates no matter the risks to growth.
A Fresenius SE logo is pictured in Bad Homburg near Frankfurt

Fresenius SE CEO To Quit After Earnings Outlook Sours

Fresenius SE said its long-serving Chief Executive Stephan Sturm would quit, to be replaced by the head of its drugs unit, after the diversified group's earnings were hit following the COVID pandemic and a surge in costs.

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