Latest Currency markets News

'We are trapped': Zimbabwe's economic crunch hits passports

Jun. 15, 2019 9:40 AM EDT

HARARE, Zimbabwe (AP) — With Zimbabwe's economy in shambles and political tensions rising, leaving the country seems the best option for many who are desperate for jobs. But those dreams often end at the passport office, which doesn't have enough foreign currency to import proper paper and ink. A passport...

Stocks post small losses; investors look ahead to Fed

Jun. 14, 2019 5:02 PM EDT

NEW YORK (AP) — Stocks ended a choppy week of trading with modest losses Friday as investors look forward to getting more clues about the direction of interest rates. Technology shares drove the declines, and energy stocks also fell a day after leading the market. Some late-day gains in banks and insurers...

Correction: Bitcoin-Carbon Footprint story

Jun. 14, 2019 9:29 AM EDT

BERLIN (AP) — In a story June 13 about the carbon footprint of bitcoin, The Associated Press reported erroneously that the electricity required for a bitcoin transaction results in hundreds of times as much CO2 emitted as a credit card payment. It is hundreds of thousands of times as much. A corrected...

Concerns over Persian Gulf escalation weigh on markets

Jun. 14, 2019 7:54 AM EDT

TOKYO (AP) — Global shares mostly fell Friday as investors fretted over the mounting crisis in the Persian Gulf and lingering worries about trade conflict between the U.S. and China. The U.S. has blamed the suspected attacks Thursday on two oil tankers near the strategic Strait of Hormuz on Iran and that...

Asian shares mixed over concerns about oil tankers, trade

Jun. 13, 2019 10:52 PM EDT

TOKYO (AP) — Asian shares were mixed Friday as investors weighed a variety of factors, including suspected attacks on two oil tankers in the strategic Strait of Hormuz and lingering worries about trade conflict between the U.S. and China. Japan's benchmark Nikkei 225 edged up 0.2% to 21,076.11 in morning...

Euro gains in global use, but dollar still dominates

Jun. 13, 2019 11:23 AM EDT

FRANKFURT, Germany (AP) — The euro has gained ground as a global currency used for government reserves as U.S. economic sanctions deter some countries' use of the dollar, the European Central Bank said in a report Thursday. The euro's share of measurable foreign reserves held by central banks and...

Oil surges on Mideast tanker incident, stocks rise

Jun. 13, 2019 8:06 AM EDT

SINGAPORE (AP) — World stocks mostly rose Thursday and energy prices surged after two oil tankers suffered a suspected attack in the Gulf of Oman, raising tensions over a key trade route for crude. The price of Brent crude oil, the international standard, jumped nearly 4% to $62.24 a barrel on the news. ...

Asian shares mixed on jitters over Hong Kong protests

Jun. 13, 2019 12:12 AM EDT

SINGAPORE (AP) — Asian stocks were mixed on Thursday as protesters in Hong Kong vowed to keep opposing a proposed extradition bill they fear would whittle down the Chinese territory's legal autonomy. The protests threaten to shake confidence in the hub for many regional and international businesses and...

Stocks slip as protests shake Hong Kong, trade woes linger

Jun. 12, 2019 7:33 AM EDT

TOKYO (AP) — Global shares retreated Wednesday and Hong Kong's Hang Seng index fell sharply as thousands continued protests against proposed legislation that many city residents fear could further erode the territory's legal autonomy. In midday trading in Europe, Germany's DAX lost 0.4% to 12,104 and the...

Asian stocks mostly lower after retreat on Wall Street

Jun. 12, 2019 2:15 AM EDT

TOKYO (AP) — Shares were mostly lower in Asia on Wednesday and Hong Kong's Seng index tumbled 1.7% as thousands continued protests against proposed legislation that many city residents fear could further erode the territory's legal autonomy. Renewed jitters over the trade war between the U.S. and China...