Latest Currency markets News

Youngkin vetoes Virginia bills mandating minimum wage increase, establishing marijuana retail sales

Mar. 28, 2024 19:29 PM EDT

RICHMOND, Va. (AP) — Republican Virginia Gov. Glenn Youngkin vetoed two top Democratic legislative priorities on Thursday: bills that would have allowed the recreational retail sales of marijuana to begin next year and measures mandating a minimum wage increase. The development,...

Stock market today: Asian shares meander after S&P 500 sets another record

Mar. 28, 2024 00:46 AM EDT

BANGKOK (AP) — Asian shares were mixed on Thursday after U.S. stocks broke out of a three-day lull to close at a record. Oil prices advanced, while U.S. futures edged lower. The dollar remained strong against the Japanese yen and Chinese yuan, a trend that has...

A rare Czech almond grove blooms early after an unusually warm winter

Mar. 22, 2024 01:40 AM EDT

HUSTOPECE, Czech Republic (AP) — Masses of white and pink blossoms in a rare almond grove in the Czech Republic appeared earlier than usual after one of the warmest winters on record. The almond trees are usually among the first to bloom at the beginning of spring, on the turn of...

China's stock watchdog fines property developer Evergrande, slaps lifetime ban on its chairman

Mar. 19, 2024 05:21 AM EDT

BANGKOK (AP) — Troubled property developer China Evergrande Group says Beijing’s stock watchdog has fined it 4.2 billion yuan ($333.4 million) for allegedly falsifying its revenue, among other violations, as it conducts a deep clean of the troubled financial sector. The company...

Evers signs bill authorizing new UW building, dorms that were part of deal with GOP

Mar. 06, 2024 12:48 PM EST

MADISON, Wis. (AP) — Democratic Gov. Tony Evers signed a bill Wednesday that authorizes spending hundreds of millions of dollars on Universities of Wisconsin construction and renovation projects. The governor signed the bill privately on Wednesday morning. The measure is part of a...

A brazen iPhone scam in Iran reflects its economic struggles and tensions with the West

Feb. 29, 2024 00:33 AM EST

TEHRAN, Iran (AP) — With flashy celebrity ads and promises of deep discounts, a shop in Iran's capital had offered consumers in the Islamic Republic one of the hottest products in the country — an iPhone that came out in 2021. But instead of getting their hands on the handsets,...

Stoneridge: Q4 Earnings Snapshot

Feb. 28, 2024 18:12 PM EST

NOVI, Mich. (AP) — NOVI, Mich. (AP) — Stoneridge Inc. (SRI) on Wednesday reported profit of $3 million in its fourth quarter. The Novi, Michigan-based company said it had profit of 11 cents per share. Earnings, adjusted for non-recurring costs, came to 12 cents per share. ...

Magnite: Q4 Earnings Snapshot

Feb. 28, 2024 17:39 PM EST

NEW YORK (AP) — NEW YORK (AP) — Magnite, Inc. (MGNI) on Wednesday reported profit of $30.9 million in its fourth quarter. The New York-based company said it had net income of 16 cents per share. The digital ad exchange operator posted revenue of $186.9 million in...

China cuts key interest rate in latest move to boost its ailing property sector

Feb. 20, 2024 09:20 AM EST

BANGKOK (AP) — China’s central bank announced Tuesday that it cut its 5-year loan prime rate while leaving its 1-year rate unchanged in the latest move to ease pressures on the ailing property market. The 5-year rate was lowered by 0.25 basis points to 3.95% while the 1-year rate...

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

Feb. 17, 2024 01:11 AM EST

ABUJA, Nigeria (AP) — Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across...