Latest Pound sterling News

EU fines banks over $1 billion over foreign exchange cartel

May. 16, 2019 6:25 AM EDT

BRUSSELS (AP) — European Union regulators have fined five banks a total of more than 1 billion euros ($1.1 billion) for colluding in the trade of large sums of foreign currency. The European Commission said Thursday that investigators found that some bank employees in charge of spot trading in 11...

Asian stocks follow Wall Street higher

May. 15, 2019 12:48 AM EDT

BEIJING (AP) — Asian stocks followed Wall Street higher on Wednesday after President Donald Trump downplayed his escalating tariff war with Beijing and said a settlement is possible. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney advanced as investors mulled the likely costs of U.S. and Chinese tariff...

Asian shares fall on China stimulus worries, weak earnings

Apr. 26, 2019 1:44 AM EDT

BANGKOK (AP) — Shares were mostly lower in Asia on Friday after an overnight decline on Wall Street spurred by disappointingly weak earnings reports from 3M and other industrial companies. Concern that China may temper its economic stimulus pulled the Shanghai benchmark down 0.8% to 3,099.36. Japan's...

World stocks rise on hopes for growth; focus on earnings

Apr. 16, 2019 6:49 AM EDT

TOKYO (AP) — World stock markets advanced Tuesday on upbeat economic data for China and Germany and as investors keep an eye on U.S. corporate earnings reports, which have been mixed so far. Germany's DAX rose 0.6% to 12,097 after a measure of investor confidence, the ZEW index, rose for a sixth month. The...

Asian shares mixed after lackluster Wall Street session

Apr. 15, 2019 11:02 PM EDT

TOKYO (AP) — Shares were mixed Tuesday in Asia in mostly narrow trading in the absence of any major market-driving news. The Nikkei 225 index added 0.2% to 22,208.70. China's Shanghai Composite index lost 0.6% to 3,158.76 and the Hang Seng index in Hong Kong lost 0.3% to 29,736.05. South Korea's Kospi gave...

World markets mixed on growth, Brexit doubts

Apr. 11, 2019 7:39 AM EDT

SINGAPORE (AP) — World stocks turned slightly higher on Thursday after Britain secured a new deadline for its exit from the European Union, removing the immediate threat of a crash this week that would have disrupted trade. Markets recovered in Europe after losses in Asia, with France's CAC 40 up 0.8% to...

S&P 500 ekes out gain, enough to extend winning streak

Apr. 8, 2019 4:36 PM EDT

NEW YORK (AP) — U.S. stock indexes took a round trip Monday, erasing their early-morning losses to end the day close to where they started. The S&P 500 eked out a small gain, enough to prolong its winning streak to eight days, its longest in a year and a half. But the Dow Jones Industrial Average ended...

Global stocks mixed after China-US trade talks show progress

Apr. 8, 2019 7:09 AM EDT

BANGKOK (AP) — Stock markets were subdued Monday after trade talks between China and the U.S. wrapped up with officials claiming progress. The price of oil kept rose to its highest level this year on the back of improved U.S. economic data. Britain's FTSE 100 rose 0.1% to 7,451, while the DAX in Germany...

World shares advance ahead of US-China trade talks

Apr. 3, 2019 7:28 AM EDT

SINGAPORE (AP) — Global shares rose Wednesday ahead of the resumption of trade talks between the U.S. and China in Washington and amid hopes that Britain's exit from the European Union could be less disruptive for business than previously feared. In a surprising about-face, British Prime Minister Theresa...

World stocks rise on improved Chinese manufacturing data

Apr. 1, 2019 7:22 AM EDT

BANGKOK (AP) — Stocks around the world rose Monday on encouraging manufacturing data out of China that suggested government stimulus there may be gaining traction. European shares were up in midday trading despite bad economic reports there, with Germany's DAX gaining 1 percent to 11,645. The CAC40 in...