Latest Currency markets News

US stocks climb ahead of China trade talks; Walmart surges

Aug. 16, 2018 12:46 PM EDT

NEW YORK (AP) — U.S. stocks are surging Thursday as China and the U.S. prepare to hold their first trade discussions in months, a potential sign of progress toward ending the trade war between them. Walmart is surging after the retailer said its sales climbed in second quarter. Metals prices rose sharply,...

The Latest: Turkey, Europe 'on same page' opposing US moves

Aug. 16, 2018 12:00 PM EDT

ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 6:55 p.m. A top Turkish official says Turkey, France and Germany "are on the same page" concerning their opposition to U.S. sanctions and tariffs restricting trade. Presidential spokesman Ibrahim Kalin also told reporters...

Turkish finance chief tries to reassure investors on crisis

Aug. 16, 2018 11:20 AM EDT

ANKARA, Turkey (AP) — Turkey's finance chief tried to reassure thousands of international investors on a conference call Thursday, in which he pledged to fix the economic troubles that have seen the country spiral into a currency crisis. The national currency recovered somewhat from record lows hit earlier...

European stock markets pick up after losses in Asia

Aug. 16, 2018 7:31 AM EDT

TOKYO (AP) — Stock markets are higher in European trading as Turkey's currency crisis abated somewhat and after a downbeat day in Asia. Benchmarks in Germany and France rose Thursday while shares in Tokyo, Shanghai and Hong Kong declined. KEEPING SCORE: Germany's DAX added 0.5 percent to 12,221 and in...

Asian stocks slide as investors fret over China's economy

Aug. 16, 2018 12:48 AM EDT

TOKYO (AP) — Asian shares fell Thursday after deepening worries about global economic growth, particularly in China, set off a rout on Wall Street. KEEPING SCORE: Japan's Nikkei 225 index fell 0.2 percent to 22,158.75 and the Hang Seng in Hong Kong lost 0.6 percent to 27,155.66. The Shanghai Composite...

Fed rate policy unintentionally pressures emerging economies

Aug. 15, 2018 2:12 PM EDT

WASHINGTON (AP) — President Recep Tayyip Erdogan is blaming the United States for Turkey's financial crisis, ignoring homegrown problems like high debts, raging inflation and his own erratic policies. Yet one of the threats facing Turkey and other emerging-market countries really is made-in-America: By...

Turkey increases tariffs on some US goods, escalating feud

Aug. 15, 2018 12:17 PM EDT

ANKARA, Turkey (AP) — Turkey said Wednesday it is increasing tariffs on some U.S. products like cars, alcohol, and coal — a move that is unlikely to have much economic impact but highlights the deteriorating relations with the U.S. in a feud that has already helped trigger a currency crisis . The...

Global markets sink on growth concerns, Turkey jitters

Aug. 15, 2018 8:22 AM EDT

BANGKOK (AP) — Stock markets turned lower Wednesday amid concerns about economic growth and continued tensions over Turkey, which announced it was increasing tariffs on imports of some U.S. products. KEEPING SCORE: Germany's DAX fell 1.1 percent to 12,220 and in France, the CAC 40 dropped 1.2 percent to...

How US Fed is unintentionally squeezing developing economies

Aug. 15, 2018 6:46 AM EDT

WASHINGTON (AP) — President Recep Tayyip Erdogan is blaming the United States for Turkey's financial crisis, ignoring homegrown problems like high debts, raging inflation and his own erratic policies. Yet one of the threats facing Turkey and other emerging-market countries really is made-in-America: By...

US retailers small companies rally as Turkey fears ease

Aug. 14, 2018 4:53 PM EDT

NEW YORK (AP) — U.S. stocks rallied Tuesday as banks, retailers, and smaller companies jumped. That helped the market recover most of its losses from the previous two days. The Turkish lira steadied as officials from Turkey and the U.S. said the countries are in talks to ease diplomatic tensions, which...