As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
The WTO ruling recognized that the United States had proved that China used state-owned enterprises to subsidize and distort its economy. But the U.S. must accept Chinese...World Economyread more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
Delta is gathering more data from customers than ever in hopes of avoiding customer service problems and increasing customer satisfaction, its CFO says.At Workread more
The Biden team's second-quarter Federal Election Commission filing shows that the campaign wrote a check of just over $5,300 on June 28 to Sheehan Associates for "strategic...2020 Electionsread more
The dollar slipped against the yen on Monday, after the head of the Bank of Japan disappointed those investors who had expected a clear signal that monetary policy would be eased further this month.
The greenback hit a five-week high on Friday as markets bet that the U.S. Federal Reserve was still likely to raise interest rates in the coming months, despite disappointing U.S. jobs numbers.
But having gained more than 4 percent against the Japanese currency in six days, the stalled on Monday, slipping 0.7 percent after BOJ Governor Haruhiko Kuroda's comments, to 103.27 yen.
Though Kuroda signaled his readiness to further expand an already massive stimulus program, he did not provide the explicit hints that some had been waiting for on the chances of the BOJ aggressively easing policy at its next review on Sept. 20-21, traders said.
From Zurich, UBS's head of currency strategy Constantin Bolz said the factors that had driven the yen higher - growing expectations of a Fed hike in September, bets on imminent further BOJ easing, and increased risk appetite -had faded somewhat, but that a fall-back was not surprising given the rapidity of the move.
"We shouldn't forget that we were at 100 yen ten days ago," Bolz said.
"The (U.S.) labour market wasn't great ... so that took out a bit of steam from the dollar side, and then Kuroda didn't say anything too clear about further easing at the end of September and so now markets have to level out their bets a little bit."
Data from the U.S. Commodity Futures Trading Commission released on Friday showed that currency speculators increased their bets on the yen in the week ending Aug. 30, but had cut their long U.S. dollar bets to an 8-week low.
The dollar index, which measures the greenback against a basket of six major currencies, stood at 95.660, managing to stay above a one-week low of 95.189 set on Friday just after the U.S. payrolls data.
Nonfarm payrolls rose by 151,000 jobs last month, below the 180,000 jobs that economists had expected.
"While the headline figure was weak, the data did not completely rule out the possibility of a rate hike in September," said Masashi Murata, senior currency strategist at Brown Brothers Harriman in Tokyo.
Markets are now pricing in just over a 1 in 5 chance that U.S. rates will be increased in September, and a just over 50 percent chance that they will be hiked by the end of the year - down from around a 55 percent chance priced in last week before the jobs data, according to CME FedWatch.
The euro edged up 0.1 percent to $1.1172, not far from last Wednesday's three-week low of $1.1123.