The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
The dollar recovered on Thursday, a day after incurring sharp losses following the Federal Reserve's shock decision to keep its stimulus program intact, but the currency's prospects remained bleak with U.S. interest rates seen staying low for some time.
Fed Chairman Ben Bernanke, pointing to tightening financial conditions, on Wednesday refused to commit to reducing the bond purchases this year. The Fed also cut growth forecasts for 2013 and 2014, citing strains in the economy from tight fiscal policy and higher mortgage rates.
By not tapering, the Fed "has arguably removed the single most bullish prop for the U.S. dollar," said Richard Franulovich, senior currency strategist at WestPac in New York.
The safe-haven yen fell on Wednesday too, sliding to a 3 1/2-year low against the euro, as the Fed's decision sparked a rally in riskier assets and currencies.
The dollar index was last up 0.2 percent, at 80.376, erasing some of the previous session's 1.1 percent drop, its biggest one-day slide in more than two months. The index has fallen to levels not seen since well before Bernanke first floated the idea of reducing the stimulus in May.
The euro soared to a 3-1/2-year high against the yen of 134.94 while the dollar rose 1.5 percent to 99.42 yen, pulling away from Wednesday's three-week low of 97.75 yen. The dollar/yen peak of 99.58 yen was the highest in four trading sessions.
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