The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia traded lower on Monday afternoon, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Most major European bourses all closed lower on Monday. Germany's DAX ended down provisionally by 0.4 percent, while the French CAC closed down around 0.3 percent. London's FTSE 100 was shut because of a U.K. public holiday.
Yellen said the case for a rate hike had "strengthened in recent months" pointing towards the "solid performance" of the labor market in a speech at the annual Jackson Hole gathering of central bankers on Friday.
U.S. stock indexes rose on Monday.
Fed Vice Chairman Stanley Fischer backed up Yellen's view in an interview with CNBC. Asked whether there could be a rate hike next month and more than one this year, Fischer said that Yellen's comments were "consistent with answering yes to both" of the questions.
Asian markets were broadly lower with the negativity spilling into Europe. The stronger U.S. dollar, which was bolstered by Yellen's comments, also weighed on oil prices.
In European individual stock news, shares of France's Alstom closed around 2.9 percent higher after the engineering firm was awarded a $2 billion contract by Amtrak to supply new high-speed trains.
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