American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread 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
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The dollar rose on Thursday as rival currencies struggled following more dovish soundings from central banks, while the yen gained as investor worries about the global economy grew.
The Reserve Bank of New Zealand joined a growing list of central banks that have turned dovish amid signs of a slowing global economy, saying on Wednesday its next move in interest rates was likely to be a cut.
With many currencies on the defensive, the dollar has brushed aside a decline in benchmark U.S. Treasury yields to 15-month lows.
The dollar index against a basket of six major currencies gained 0.41 percent to 97.18 and headed for its third day of gains.
The euro fell 0.17 percent to $1.123.
It has lost nearly half a percent this week as the benchmark 10-year German bund yield fell to a 2 1/2-year low. Dovish comments from ECB President Mario Draghi on Wednesday did little to support the euro.
"The market is becoming more concerned about global growth conditions, especially to the detriment of the euro zone. The dollar strength is on the back of other currencies getting hurt," said Manuel Oliveri, FX analyst at Credit Agricole.
However, Oliveri said that he did not advise chasing the euro much lower because of the "low bar" for the euro zone economy to surprise on the upside.
The Swiss franc slipped from 20-month highs hit on Wednesday, falling 0.07 percent against the euro to 1.1176 francs. Analysts noted that levels below 1.12 have in the past prompted intervention by the Swiss National Bank to stop the franc from further strengthening.
The New Zealand and managed to recover somewhat after the New Zealand central bank's dovish shift hit both currencies lower on Wednesday.
Growth-sensitive currencies have taken a beating recently on rising risks to the global economy.
Analysts at ING said investors had gone too far in expecting a U.S. rate cut this year, but that the dollar remained vulnerable for now.
"For the short term, however, DXY looks vulnerable to the massive erosion in USD yield differentials and could easily head back to 96," they wrote.
The rallied 0.03 percent to 110.54 to the dollar as Japanese shares fell, but it was some distance from Monday's six-week high of 109.70.
Broader risk aversion in markets also supported demand for the yen, which is considered a safer place to park cash in times of uncertainty.
Sterling fell 0.99 percent towards $1.306 after British Prime Minister Theresa May's offer on Wednesday to quit failed to sway hard-line opponents to back her Brexit withdrawal deal.