Technology stocks pushed Asian shares to a two-month high on Wednesday, powered by hopes of strong earnings for Intel, while the yen faltered after the Bank of Japan loosened policy in a bid to spur the flagging economy.
The Federal Reserve renewed its pledge on Tuesday to keep interest rates near zero for an extended period even as it sounded more upbeat about jobs.
The Federal Reserve renewed its pledge on Tuesday to keep interest rates near zero for an extended period even as it sounded more upbeat about jobs.
The U.S. stock market held on to gains in the afternoon session as the Federal Reserve pledged to keep the federal funds rate low for an extended period, calming fears the Fed Reserve would take a more hawkish stance.
The Federal Reserve held benchmark rates near zero on Tuesday and renewed a promise to keep them exceptionally low for an extended period while pointing to increased momentum in the economy's recovery.
Stocks rose on Tuesday after Standard & Poor's affirmed its ratings on debt-troubled Greece and as semiconductor shares gained on an Intel Corp product announcement.
Chinese Premier Wen Jiabao on Sunday spurned foreign calls for the yuan to rise and showed no let up in scolding the United States over recent bilateral tensions.
Chinese Premier Wen Jiabao said on Sunday that external calls for yuan appreciation were unhelpful and even a form of trade protectionism, vowing that Beijing would stick to its own course for currency reform.
Chinese Premier Wen Jiabao said on Sunday that external calls for yuan appreciation were unhelpful, vowing that Beijing would stick to its own course for currency reform while also warning of global economic risks.
President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday.
The United States should not make a political issue out of the yuan, a Chinese central banker said on Friday, as the two countries lurched toward a potential bust-up over Beijing's currency regime.
U.S. stocks edged lower on Thursday as China inflation data raised worries about reduced demand from one of the world's largest economies, but gains in big-cap technology shares limited losses.
EUR/USD has been range-bound since the beginning of the U.S. session on Wednesday as it failed to break out of the range when the unemployment claims report was released at 8:30 am Thursday morning.
U.S. stocks fell on Thursday as U.S. jobless claims fell less than expected and inflation in China rose to a 16-month high, raising worries about money tightening in one of the world's largest economies.
The U.S. stock market tracked losses of European markets as China's CPI report sparked concerns about inflation and the steps the nation's government may take to combat it.
U.S. stock index futures pointed to a lower open on Thursday as weekly U.S. jobless claims fell and data showed a jump in Chinese inflation.
U.S. stock index futures were lower on Thursday ahead of a report on weekly jobless claims and after data showed a jump in Chinese inflation.
India has adjusted its export tax on iron ore several times over the last two years as the government tries to contain inflation and meet demand from domestic industries.
Chinese consumer inflation spurted to a 16-month high in February and a raft of economic data displayed broad-based strength, providing fresh arguments for policy tightening sooner rather than later.
A spike in Chinese inflation weakened equity markets on Thursday, as investors pondered the prospects of interest rate hikes in one of the world's main economic drivers.
Asian stocks fell on Thursday as investors worried strong loan growth and quickening inflation in China would spur Beijing to tighten monetary policy sooner than expected, while the yen rebounded against major currencies.
Yesterday's announcement of a steep decline in housing finance caught the market by surprise somewhat triggering a drop in the Aussie dollar to an intraday low of 0.9130.
