Latest Currency markets News

Markets have muted reaction to long-awaited China trade deal

Dec. 13, 2019 5:32 PM EST

Wall Street closed out a listless day Friday with tiny gains and more record highs for the S&P 500 and Nasdaq. The U.S. and China revealed they have reached an initial deal in their long-running trade war. The “Phase 1” agreement means that the U.S. won't impose new tariffs on Chinese goods that...

Man charged in cryptocurrency fraud owns Montana operation

Dec. 13, 2019 2:19 PM EST

BUTTE, Mont. (AP) — A Colorado man facing federal charges for defrauding investors of $722 million in a cryptocurrency investment club has majority ownership in a bitcoin mining operation in Montana, The Montana Standard reports. Rick Tabish of Butte and his company, FX Solutions, operates CryptoWatt LLC...

UK vote eases corrosive uncertainty hurting businesses

Dec. 13, 2019 11:42 AM EST

LONDON (AP) — British businesses that have been hobbled for three years by fear and confusion over Brexit are getting a break. The U.K. election result means Britain's departure from the European Union will almost certainly happen — after multiple delays — on Jan. 31, as scheduled. It remains...

Pound and stocks jump on UK election, talk of US-China deal

Dec. 13, 2019 6:55 AM EST

BANGKOK (AP) — Stock markets and the British pound rose Friday after Britain's Conservative Party claimed a big win in the country's general election, easing uncertainty over Brexit, and amid talk of a China-U.S. trade deal. The British pound jumped to $1.3470 from $1.3150 late Thursday but then eased back...

Pound jumps on expected Tory win; trade talk lifts shares

Dec. 12, 2019 11:15 PM EST

BANGKOK (AP) — The British pound surged early Friday as exit polls indicated a resounding election victory for Prime Minister Boris Johnson's Conservative Party, as talk of a China-U.S. trade deal buoyed share prices in Asia. The British pound strengthened to $1.3468 from $1.3385 late Thursday as...

Stocks mixed as US, EU policymakers leave rates unchanged

Dec. 12, 2019 8:21 AM EST

TOKYO (AP) — Global shares were mixed Thursday after central banks in Europe and the U.S. said they will leave interest rates unchanged for the time being. Investors are still waiting for a breakthrough in U.S.-China trade talks while monitoring Britain's national election Thursday, which will likely...

Asian shares mixed as Fed leaves rates unchanged

Dec. 11, 2019 9:58 PM EST

TOKYO (AP) — Asian shares were mixed Thursday, after a wobbly day on Wall Street following the Federal Reserve announcement it would leave interest rates unchanged. Japan's benchmark Nikkei 225 edged up 0.2% in early trading to 23,433.83, while Australia's S&P/ASX 200 lost 0.7% to 6,706.90. South...

World shares mixed on reports Trump might delay tariff hike

Dec. 11, 2019 7:48 AM EST

BEIJING (AP) — Global markets were mixed Wednesday following reports that President Donald Trump's advisers were preparing for a possible delay in a weekend tariff hike on Chinese goods. Investors also had their eyes on central bank meetings in Europe and the U.S. The German index in Frankfurt rose in...

Global stocks sink ahead of US tariff deadline

Dec. 10, 2019 8:14 AM EST

BEIJING (AP) — Stock markets around the world fell sharply Tuesday as nervous investors watched a rapidly approaching deadline for more U.S. tariffs on Chinese imports. Markets also have their eyes on American and European interest rate decisions coming this week and the outcome of Britain's general...

Iran ready for more prisoner swaps with US, not negotiations

Dec. 9, 2019 12:40 PM EST

TEHRAN, Iran (AP) — Iran is ready for more prisoner swaps with the United States, the Cabinet spokesman said Monday even as he reiterated the Iranian leadership's stance that there will be no other negotiations between Tehran and Washington. The remarks by the spokesman, Ali Rabiei, were the first after a...