As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up in Friday afternoon trade as a series of developments overnight on the U.S.-China trade front dampened hopes of a deal being reached between...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
LONDON, Sept 2 (Reuters) - The euro held below the $1.10 level on Monday after Washington and Beijing put additional tariffs on each other's exports over the weekend, adding to concerns over the economic outlook of the export-focused European economy.
With U.S. markets shut for a holiday on Monday, though, investors remained on the sidelines while looking to see what expansionary policies the European Central Bank and the U.S. Federal Reserve could unveil this month.
The United States slapped 15% tariffs on a variety of Chinese goods on Sunday - including footwear, smart watches and flat-panel televisions - while China imposed new duties on U.S. crude oil.
Versus the dollar, the euro edged 0.1% lower at $1.0977 after falling below $1.10 on Friday for the first time since May 2017.
The euro's more than 4% slide this year is a big reversal in fortunes for the single currency after ECB chief Mario Draghi first indicated a likely pull back in its extraordinary stimulus policies in a speech in Sintra in June 2017.
But since then an escalation in trade tensions between the United States and China, plus a growing swathe of global government bond yields sinking into negative territory thanks to a worsening economic outlook, has sapped demand for the euro.
Though latest futures data indicated that net hedge fund positions in the single currency are broadly at neutral levels, they are quite some way from record high levels seen last year.
Broader market sentiment remained on the back foot too with net positions in the Japanese yen creeping up to its highest levels in nearly three years.
Elsewhere, the dollar index which measures the greenback's performance against a basket of six major currencies was broadly steady at 98.87.
(Reporting by Saikat Chatterjee; Editing by Toby Chopra)