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The Federal Reserve should not increase rates in September now that the world economy is looking so troubled, said Kaushik Basu, the World Bank's chief economist...
On Wednesday the pound hit session lows after data showed that U.K. industrial output unexpectedly fell in July. A separate report showed that the country’s trade deficit widened sharply...
On Wednesday the greenback edged higher versus the yen as the prospect of more economic stimulus in China spurred appetite for risk and dampened demand for the shelter yen...
On Wednesday Japanese stocks surged with the Nikkei 225 Stock Average logging the sharpest advance since the aftermath of the 2008 Lehman Brothers Holdings Inc. collapse, amid speculation a selloff that pushed valuations to an 11-month low was overdone...
Gold prices rose mildly in Asia on Wednesday with investors cautious ahead of next week's Federal Reserve meeting on interest rates...
A public opinion poll in Greece conducted by Pulse and published on bankingnews.gr has put radical left-wing Syriza party slightly ahead of its closest rival...
Gold futures traded modestly higher Tuesday as investors looked ahead to the Federal Reserves’s policy meeting next week, which could determine the direction of the dollar and dollar-denominated commodities like gold...
The Organization of Petroleum Exporting Countries has approved Indonesia’s request to rejoin, IGN Wiratmaja Puja, director-general of oil and gas at the country’s Energy and Mineral Resources Ministry, said in a text message on Tuesday...
On Tuesday the pound rose to one-week highs against the U.S. dollar, as sentiment on the greenback remained fragile ahead of the Federal Reserve's highly-anticipated policy meeting scheduled next week...