Yen Is Weaker Tonic for Japan
Japan is getting less bang from the rising buck. That is the message investors are sending after a month in which the yen slipped to a six-year low against the dollar.
Demand for ECB Loans Disappoints
The European Central Bank's first offering of cheap, four-year loans to eurozone banks failed to generate as much interest as expected.
China Cuts Bank Borrowing Costs
China's central bank made a second surprise move this week to ease monetary policy with a cut in short-term borrowing costs for banks.
Chinese Borrowers Hold Back
The People's Bank of China is pushing big, state-owned banks to lend more, but some businesses don't want the money, complicating the central bank's efforts to aid the economy.
Russia Admits Sanctions Are Hurting
Russian Prime Minister Dmitry Medvedev acknowledged that Western sanctions against Russia are taking their toll on the country's economy.
South African Central Banker to Quit
South African Reserve Bank Governor Gill Marcus said she will step down when her contract expires in November, bringing to an end a tenure that turned the country's top banker into a persistent critic of her government's economic policy.
Nikkei Rises After Fed Guidance
Stocks rose in Tokyo but fell in Hong Kong following indications from the U.S. Federal Reserve that higher interest rates are ahead, sending the yen tumbling against the dollar.
Turkey's Bank Asya Shares Suspended Again
Regulators suspended trading in the shares of the beleaguered Islamic lender which has been at the center of a political struggle between Turkey's president and a critical U.S.-based cleric.
Asian Currencies Take Turn for the Worse
Asian currencies from South Korea to the Philippines have fallen to their lowest levels in months, following earlier declines from counterparts in other emerging markets, as investors flock to the rallying U.S. dollar.
Norwegian Krone Jumps
The Norwegian currency jumped higher after the central bank removed the chance of an interest-rate cut from its short-term forecasts.
Italy in Recession This Year, Says IMF
The International Monetary Fund says Italy's economy will contract this year, highlighting the challenges its new Premier Matteo Renzi faces as he tries to push the country out of its third recession since 2008.
China Home Prices Weaken
China's economically vital property market slid for a fourth straight month as more cities reported new-home prices fell in August and at a faster pace, adding to the gloom in the world's second-largest economy.
Shanghai Gold Exchange Launches International Board
The Shanghai Gold Exchange will launch its international board on Thursday night, a bourse official said.
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