China, euro zone weaken despite world awash with cash
Tue Sep 1, 2015 7:09am EDT
China’s giant manufacturing industry contracted while British and euro zone growth eased in August, rattling markets and reinforcing expectations interest rates may fall again or stay near zero for longer.
Spain is best example that Europe is doing things right: Schaeuble
Tue Sep 1, 2015 5:48am EDT
German Finance Minister Wolfgang Schaeuble said on Tuesday that Spain’s economic development showed that the euro zone was tackling its crisis well.
China’s yuan up on suspected intervention, set for August loss
Mon Aug 31, 2015 12:08am EDT
China’s yuan firmed on Monday after the central bank set a stronger guidance rate while it also appeared to continue using state-owned banks to support the Chinese currency, traders said.
Oil prices fall on profit-taking, rate hike uncertainty
Mon Aug 31, 2015 2:53am EDT
Oil prices fell in Asia on Monday as traders took profits, snapping gains last week that saw the biggest two-day rally in six years.
Brazil economy sinks into worse-than-expected recession
Fri Aug 28, 2015 9:33am EDT
Brazil’s economy shrank 1.9 percent in the second quarter, sinking into a recession that has hammered the popularity of President Dilma Rousseff as she struggles to save the country’s investment-grade credit rating amid a vast corruption scandal.