Latest Currency markets News

Turks feel pinch from currency slide ahead of polls

May. 26, 2018 4:41 AM EDT

YAVUZLAR, Turkey (AP) — Farmer Abdulkadir Cekic was already struggling to make a living, snowed under by a bank loan he took out for the purchase of a 130,000-euro harvesting machine. The tumbling of the Turkish currency, the lira, has hit him hard, considerably increasing the cost of his yearly payments....

Stocks dip as oil prices and energy companies fall sharply

May. 25, 2018 4:39 PM EDT

NEW YORK (AP) — Energy companies and oil prices took their worst losses in months Friday on reports OPEC countries plan to produce more oil soon. Stock indexes finished an indecisive week with small losses. U.S. crude oil sank 4 percent after multiple reports indicated that Russia and OPEC could start...

World stocks mixed as NKorea's restraint eases concerns

May. 25, 2018 8:12 AM EDT

HONG KONG (AP) — World stock markets were mixed Friday as investors eyed the diplomatic rhetoric over North Korea, developments in global trade disputes and prepared for a long weekend in the U.S. and Britain. KEEPING SCORE: Germany's DAX rose 0.8 percent to 12,961 and France's CAC 40 added 0.4 percent to...

Asian shares lower as NKorea cancellation adds uncertainty

May. 24, 2018 11:40 PM EDT

HONG KONG (AP) — Asian stock indexes were mostly lower Friday as investors factored in fresh geopolitical uncertainty following the abrupt cancellation of a meeting between the U.S. and North Korean leaders. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.1 percent to 22,457.20 but South Korea's...

Global stocks subdued as US mulls auto import tariffs

May. 24, 2018 7:21 AM EDT

BANGKOK (AP) — World stock markets were subdued Thursday as carmakers' shares fell after the Trump administration said it was investigating imposing new tariffs on imports of autos and auto parts. KEEPING SCORE: Germany's DAX was flat at 12,975 and the CAC 40 in France rose 0.4 percent to 5,589. The FTSE...

Asian shares mixed after Fed gives Wall Street a boost

May. 24, 2018 12:12 AM EDT

BANGKOK (AP) — Shares were mixed in Asia on Thursday after U.S. stocks reversed early losses and finished higher as investors appraised the Federal Reserve's signal that it is not in a hurry to raise interest rates. KEEPING SCORE: Japan's Nikkei 225 index fell 1.2 percent to 22,418.18 and the Kospi in...

Turkish central bank raises key rate and helps lift currency

May. 23, 2018 3:21 PM EDT

ANKARA, Turkey (AP) — Under pressure to act, Turkey's central bank sharply raised its key lending rate Wednesday to try to stem an outflow of capital from the country, control inflation and support the beleaguered currency. The Turkish lira regained some of its value after the bank's monetary policy...

Wyoming courts tech behind cryptocurrency to entice business

May. 23, 2018 2:06 PM EDT

CHEYENNE, Wyo. (AP) — Block Chain Gang LLC, Crypto Cowboy, Something Something Blockchain LLC: Based on the names of dozens of new companies registering to set up shop in Wyoming, the state's effort to lure the latest tech craze appears to be paying off. Proponents say blockchain — the ledger where...

Global stocks fall amid weak data, worries over Koreas

May. 23, 2018 7:45 AM EDT

TOKYO (AP) — Stock markets were mostly lower Wednesday after weak European economic data and as U.S. President Donald Trump raised doubts that a summit with North Korean leader Kim Jong Un planned for June 12 will take place as planned. KEEPING SCORE: France's CAC 40 fell 1.1 percent to 5,576, while...

Eurozone economy's slowdown may be longer than expected

May. 23, 2018 6:28 AM EDT

LONDON (AP) — A much-anticipated economic pick-up across the 19-country eurozone does not appear to be materializing yet, if one closely-watched survey is anything to go by. Financial information firm IHS Markit said Wednesday that its purchasing managers' index for the eurozone — a broad gauge of...