Latest Currency markets News

China moves to boost languishing markets by ordering funds to invest more in shares

Jan. 23, 2025 04:23 AM EST

BANGKOK (AP) — The Chinese government is trying to encourage people to spend more by ensuring that share prices will rise, ordering pensions and mutual funds to invest more in domestic stocks to help jolt its languid markets out of the doldrums. Officials told reporters in Beijing...

Stock market today: Wall Street begins Trump's second term with gains

Jan. 21, 2025 17:28 PM EST

NEW YORK (AP) — U.S. stocks rose Tuesday after more companies said they made bigger profits at the end of last year than analysts expected and as Treasury yields eased. The S&P 500 climbed 0.9%, while many markets around the world took only tentative steps following Donald...

Here are some of China's New Year resolutions to boost its economy

Jan. 08, 2025 05:04 AM EST

BANGKOK (AP) — China’s leaders are bracing for shocks to the economy from higher tariffs threatened by U.S. President-elect Donald Trump once he takes office. To help rev up an economy bogged down by a property crisis and disruptions during the pandemic, the ruling Communist...

Brazil's currency drops to weakest level yet as Lula's fiscal measures debated

Dec. 18, 2024 18:57 PM EST

SAO PAULO (AP) — Brazil’s real on Wednesday fell to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors' frustration with President Luiz Inácio Lula da Silva's efforts to rein in government spending. A bill backed by Lula that...

Iran's rial hits a record low, battered by regional tensions and an energy crisis

Dec. 18, 2024 10:29 AM EST

TEHRAN, Iran (AP) — The Iranian rial on Wednesday fell to its lowest level in history, losing more than 10% of value since Donald Trump won the U.S. presidential election in November and signaling new challenges for Tehran as it remains locked in the wars raging in the Middle East. ...

Stock market today: Wall Street edges back from its records as bitcoin briefly pops above $100,000

Dec. 05, 2024 17:18 PM EST

NEW YORK (AP) — The huge rally for U.S. stocks lost momentum on Thursday as Wall Street counted down to a big jobs report that’s coming on Friday. The crypto market had more action, and bitcoin briefly burst to a record above $103,000 before pulling back. The S&P 500 slipped...

How major US stock indexes fared Thursday, 12/5/2024

Dec. 05, 2024 16:25 PM EST

U.S. stocks slipped below their records in the runup to a big jobs report due on Friday. The S&P 500 edged down 0.2% Thursday after setting an all-time high for the 56th time this year the day before. The Dow Jones Industrial Average lost 0.6%, while the Nasdaq composite fell...

The ruble's in a slump. For the Kremlin, that's a two-edged sword

Nov. 29, 2024 12:57 PM EST

Russia's ruble is sagging against other currencies, complicating the Kremlin's efforts to keep consumer inflation under control with one hand even as it overheats the economy with spending on the war against Ukraine with the other. The official central bank rate for Friday was set at...

'Everything is expensive!' Bolivia faces a shocking economic collapse

Nov. 28, 2024 11:33 AM EST

EL ALTO, Bolivia (AP) — Fuel is rapidly becoming one of Bolivia’s scarcest commodities. Long lines of vehicles snake for several kilometers outside gas stations all over Bolivia, once South America’s second-largest producer of natural gas. Some of the queues don’t budge for...

Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary

Nov. 23, 2024 00:10 AM EST

WASHINGTON (AP) — President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time before settling on billionaire investor Scott Bessent as his treasury secretary nominee. The Republican not only wanted someone who jibes with him, but an official who can...