Sweden's crown fell to a two-month low against the euro after the country elected a minority government.» Read More
TOKYO— Japan logged a 948.5 billion yen trade deficit in August, the 26th straight month of red ink, as slack demand from China and the U.S. stymied exports, the Finance Ministry said Thursday. Japan posted a 971.4 billion yen deficit in August 2013.
NEW YORK— The prospect of rising interest rates sent the stock market to its first weekly loss since early August. The Standard& Poor's 500 index fell 11.91 points, or 0.6 percent, to end at 1,985.54 on Friday. The index was down 1.1 percent for the week.
NEW YORK— U.S. stocks were mixed Thursday afternoon as investors mulled the outlook for interest rates, the latest sanctions against Russia and volatile energy prices. KEEPING SCORE: The Standard& Poor's 500 index rose a point, or less than 0.1 percent, to 1,996 as of 3:47 p.m. Eastern.
The ECB meeting on Thursday is the prime event for markets seeking clarity on the bank's response to recovery, inflation and the sluggish pace of reform.
A downturn in China's once red-hot property market poses one of the greatest threats to the world's second biggest economy.
The Chinese government launched a "fresh round of mini-stimulus" to counter growth headwinds, according to a Bank of America Merrill Lynch report.
As China's recovery loses momentum, expectations are growing that Beijing will unleash fresh stimulus to ensure delivery on its growth target.
Come Thursday, markets will be digesting a new round of manufacturing data from China, when HSBC releases the flash estimate of the PMI for August.
Japan's economy is expected to have lost all ground owing to the April consumption tax hike, which looks to have thrown its recovery off its tracks.
European benchmarks closed higher, although gains were capped by weakness seen in the Italian and Spanish markets.
Are Target's troubles merely anomalies, or symptomatic of the economy's problems, despite strong earnings reports?
Chris Tinker, founder of Libra Investment Services, discusses the 708 million euro ($950 million) hit related to Credit Agricole's stake in troubled Banco Espirito Santo.
Credit Agricole said it took a $950 million hit related to its stake in Espirito Santo that nearly wiped out the bank's second-quarter net profit.
Portugal bailed out Banco Espirito Santo (BES), its biggest bank. Get used to seeing this.
China posted better-than-expected GDP figures, but economists say there's little evidence of progress in rebalancing its economic growth model.
Commerzbank may pay between $600 and $800 million to resolve investigations into its dealings with countries under U.S. sanctions, sources said.
NEW YORK, July 9- German lender Commerzbank AG is expected to pay between $600 million and $800 million to resolve investigations into its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said.
BNP pleaded guilty to conspiring to violate U.S. sanctions, as part of a nearly $9 billion settlement in which it admitted to breaking embargoes.
Strong economic growth and rising inflation have raised the odds that Malaysia's central bank could hike rates for the first time in three years.
NEW YORK, July 9- BNP Paribas, for the second time in nine days, pleaded guilty on Wednesday to conspiring to violate U.S. sanctions, as part of a nearly $9 billion settlement in which the French bank admitted to breaking embargoes against Sudan, Cuba and Iran. District Judge Lorna Schofield accepted the plea at a hearing in Manhattan federal court.