Money http://www.globalpost.com/taxonomy/term/23102/all en Commodity currencies feel the heat as China data looms http://www.globalpost.com/dispatch/news/thomson-reuters/140404/dollar-index-at-five-week-high-us-jobs-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Ian Chua</p> <p>SYDNEY (Reuters) - Commodity currencies nursed heavy losses early on Wednesday, while the other major currencies struggled for clear direction as investors kept a nervous eye on developments in Ukraine and ahead of a slew of Chinese economic data.</p> <p>The market is braced for China to report its slowest growth in five years in the first quarter at a time when Beijing appears to be resisting pressure to inject fresh stimulus into the economy.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140404/dollar-index-at-five-week-high-us-jobs-data" target="_blank">read more</a></p> Currency Foreign exchange market Money Technology War Thomson Reuters Fri, 04 Apr 2014 13:05:21 +0000 Thomson Reuters 6113289 at http://www.globalpost.com Dollar treads water ahead of Chinese GDP data http://www.globalpost.com/dispatch/news/afp/140415/dollar-treads-water-ahead-chinese-gdp-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The dollar moved little against other major currencies on Tuesday ahead of China's first-quarter GDP data, expected to show further slowing in the world's second-largest economy.</p> <p>Around 2100 GMT, the euro ticked down to $1.3813 from $1.3820 at the same time Monday.</p> <p>The dollar edged up to 101.94 yen from 101.82 yen. The European unit also gained slightly against the Japanese currency, buying 140.80 yen compared with 140.74 yen late Monday.</p> <p>According to an AFP survey of 13 economists, the median forecast for China's first-quarter growth year-on-year was 7.3 percent.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140415/dollar-treads-water-ahead-chinese-gdp-data" target="_blank">read more</a></p> Currency Economy of Europe Money War AFP Tue, 15 Apr 2014 22:23:13 +0000 Agence France-Presse 6122541 at http://www.globalpost.com Dollar firms slightly after upbeat US retail data http://www.globalpost.com/dispatch/news/afp/140414/dollar-firms-slightly-after-upbeat-us-retail-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The dollar moved higher against other major currencies on Monday after an encouraging US retail sales report and hints of more stimulus in the pipeline from the European Central Bank. </p> <p>Around 2100 GMT, the euro bought $1.3820, down from $1.3883 late Friday.</p> <p>The dollar also rose against the Japanese currency, to 101.82 yen from 101.59 yen. The euro fell to 140.74 yen from 141.13.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140414/dollar-firms-slightly-after-upbeat-us-retail-data" target="_blank">read more</a></p> Business Currency Economy of Europe Money AFP Tue, 15 Apr 2014 01:16:14 +0000 Agence France-Presse 6121575 at http://www.globalpost.com Scotiabank raises outlook for price of nickel following Indonesian export ban http://www.globalpost.com/node/6121178 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>OTTAWA - Scotiabank is raising its outlook for the price nickel following an Indonesian export ban on unprocessed ore that took effect earlier this year. </p> <p>Nickel prices have been rising following the Indonesian ban that was enacted in an attempt to encourage foreign investment in ore processing in the country.</p> <p>Scotiabank says many expected Indonesia would not have the resolve to stick with the ban, but it now appears the country is sticking with its agenda.</p> <p>The bank says it now expects nickel to average $7.66 per pound this year, up from earlier expectations for $6.75.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/node/6121178" target="_blank">read more</a></p> Currency Economy of Canada Money The Canadian Press Mon, 14 Apr 2014 14:48:11 +0000 The Canadian Press 6121178 at http://www.globalpost.com Asian shares sink after fresh Wall St losses http://www.globalpost.com/dispatch/news/afp/140414/asian-shares-sink-after-fresh-wall-st-losses <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Asia's markets slipped on Monday following another heavy sell-off on Wall Street and renewed concerns over the crisis in Ukraine.</p> <p>Investors are also awaiting the release this week of first-quarter growth data from China, with analysts tipping a further slowdown in the world's number two economy.</p> <p>Tokyo stocks dipped 0.10 percent in the morning and Hong Kong eased 0.11 percent while Sydney shed 0.52 percent, Shanghai was off 0.38 percent and Seoul was flat.</p> <p>Bangkok and Mumbai were closed for public holidays.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140414/asian-shares-sink-after-fresh-wall-st-losses" target="_blank">read more</a></p> Japanese yen Money AFP Mon, 14 Apr 2014 04:48:26 +0000 Agence France-Presse 6120849 at http://www.globalpost.com Draghi takes slow road to QE with packaged-debt push http://www.globalpost.com/dispatch/news/thomson-reuters/140411/draghi-takes-slow-road-qe-packaged-debt-push <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Eva Taylor and Paul Carrel</p> <p>FRANKFURT (Reuters) - The European Central Bank is mulling creative measures to stave off deflation but one of them, revamping a market that was at the heart of the financial crisis, will take time with no guarantee it will take off.</p> <p>It is scrambling to boost Europe's market for securitized assets - those backed by loans.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140411/draghi-takes-slow-road-qe-packaged-debt-push" target="_blank">read more</a></p> Business Economics European Central Bank Macroeconomics Money Technology Thomson Reuters Fri, 11 Apr 2014 14:14:53 +0000 Thomson Reuters 6119126 at http://www.globalpost.com European stocks mixed after Greek bond issue, US jobs data http://www.globalpost.com/dispatch/news/afp/140410/european-stocks-mixed-after-greek-bond-issue-us-jobs-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>European stocks ended mixed Thursday after a topsy-turvy trading session, as weak Chinese data outweighed a triumphant return to the bond markets in Greece and positive news from the US jobs market.</p> <p>London's benchmark FTSE 100 index eked out a 0.10 percent gain to 6,641.97 points, with markets largely shrugging off the Bank of England's decision to hold interest rates.</p> <p>However, markets on continental Europe were down, with Frankfurt's DAX 30 giving up 0.55 percent to stand at 9,454.54 points and the CAC 40 in Paris losing 0.66 percent to 4,413.49.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140410/european-stocks-mixed-after-greek-bond-issue-us-jobs-data" target="_blank">read more</a></p> Business Economics Economy of Europe Money AFP Thu, 10 Apr 2014 17:19:36 +0000 Agence France-Presse 6118317 at http://www.globalpost.com Australia's NAB cuts ties with virtual currencies http://www.globalpost.com/dispatch/news/afp/140410/australias-nab-cuts-ties-virtual-currencies <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>One of Australia's biggest banks confirmed Thursday it was distancing itself from digital currencies after reviewing its risk profile.</p> <p>The National Australia Bank, one of the country's four main banks, has reportedly sent letters to business customers whose primary business is trading in Bitcoins and other crypto-currencies, saying their accounts will be closed on May 2.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140410/australias-nab-cuts-ties-virtual-currencies" target="_blank">read more</a></p> Bitcoin Business Electronic commerce Money National Australia Bank AFP Thu, 10 Apr 2014 11:50:43 +0000 Agence France-Presse 6117959 at http://www.globalpost.com Business Highlights http://www.globalpost.com/dispatch/news/the-canadian-press/140409/business-highlights-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>___</p> <p>Toyota, GM recalls push US to near-record pace</p> <p>DETROIT (AP) — Big U.S. recalls by General Motors and Toyota have put the auto industry on a record pace as companies try to avoid bad publicity and punishment from an increasingly aggressive government.</p> <p>On Wednesday, Toyota announced it was recalling nearly 1.8 million vehicles in the U.S. to fix a spate of problems, including air bags that might not inflate. It's part of a worldwide recall of 6.4 million cars and trucks.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140409/business-highlights-0" target="_blank">read more</a></p> Finance Human Interest Money Numismatics Politics Technology The Canadian Press Wed, 09 Apr 2014 22:25:33 +0000 The Canadian Press 6117722 at http://www.globalpost.com US growth slow but steady http://www.globalpost.com/dispatch/news/afp/140409/us-growth-slow-steady-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The clearing of Washington's fierce debt and deficit battles of the past three years has opened the way toward stronger US economic growth, the International Monetary Fund said Tuesday.</p> <p>Discounting any lasting impact from the unusually harsh winter in much of the country, the Fund reaffirmed its forecast that the US economy would expand by 2.8 percent in 2014 and pick up to 3.0 percent next year.</p> <p>"The unusually harsh winter weather weighed on activity in early 2014, but growth is expected to rebound over the rest of the year," the Fund said in its World Economic Outlook.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140409/us-growth-slow-steady-1" target="_blank">read more</a></p> Business Economics Macroeconomics Money AFP Wed, 09 Apr 2014 13:04:29 +0000 Agence France-Presse 6117059 at http://www.globalpost.com Asian shares mostly up, but yen sinks Tokyo http://www.globalpost.com/dispatch/news/afp/140409/asian-shares-mostly-yen-sinks-tokyo-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Asia's markets mostly rose on Wednesday following a slight rebound on Wall Street but Tokyo took another hit from a stronger yen.</p> <p>Oil prices eased after surging on Tuesday on renewed fears about tensions in Ukraine. </p> <p>Tokyo tumbled 2.10 percent, or 307.19 points, to 14,299.69, but Seoul rose 0.30 percent, or 5.92 points, to 1,998.95.</p> <p>Australian shares were supported by a surge in retailer David Jones after it received a takeover offer.</p> <p>Sydney ended 0.98 percent higher at 5,463.8 -- its highest close since June 2008.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140409/asian-shares-mostly-yen-sinks-tokyo-0" target="_blank">read more</a></p> Business Economics Macroeconomics Money Technology War AFP Wed, 09 Apr 2014 11:34:17 +0000 Agence France-Presse 6117007 at http://www.globalpost.com Dollar claws back some losses against yen in Asia http://www.globalpost.com/dispatch/news/afp/140409/dollar-claws-back-some-losses-against-yen-asia-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The dollar on Wednesday bounced back above 102 yen, clawing back losses suffered in New York after the head of the Bank of Japan poured cold water on hopes it will add to its stimulus programme in the near future.</p> <p>In Tokyo afternoon trade, the greenback bought 102.04 yen, up from 101.75 yen late in New York but still well down from 102.90 yen in Tokyo earlier Tuesday.</p> <p>The euro was at 140.64 yen and $1.3789, compared with 140.44 yen and $1.3797 in New York.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140409/dollar-claws-back-some-losses-against-yen-asia-0" target="_blank">read more</a></p> Currency Economics Money AFP Wed, 09 Apr 2014 11:32:46 +0000 Agence France-Presse 6116989 at http://www.globalpost.com Korea's money supply grows 5.2 pct in Feb. http://www.globalpost.com/dispatch/news/yonhap-news-agency/140409/koreas-money-supply-grows-52-pct-feb <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, April 9 (Yonhap) -- South Korea's money supply grew 5.2 percent in February from a year earlier as bank lending remained firm, the central bank said Wednesday.</p> <p>South Korea's M2, a narrow measure of money supply, amounted to 1,954 trillion won (US$1.87 trillion) in February from a year earlier, compared with 1,937 trillion won in February, according to the Bank of Korea (BOK).</p> <p>On a seasonally adjusted basis, the country's M2 advanced 1 percent in February from the previous month, quickening from a 1 percent on-month gain in January.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p>Copyright Yonhap News Agency, 2014. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/140409/koreas-money-supply-grows-52-pct-feb" target="_blank">read more</a></p> Economics Macroeconomics Money Yonhap News Agency Wed, 09 Apr 2014 10:16:26 +0000 Yonhap News Agency 6116931 at http://www.globalpost.com Dollar claws back some losses against yen in Asia http://www.globalpost.com/dispatch/news/afp/140409/dollar-claws-back-some-losses-against-yen-asia <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The dollar on Wednesday edged up against the yen after tumbling in New York trade after the head of the Bank of Japan poured cold water on hopes it will add to its stimulus programme in the near future.</p> <p>In Tokyo midday trade, the greenback bought 101.89 yen, up from 101.75 yen late in New York but still well down from 102.90 yen in Tokyo earlier Tuesday.</p> <p>The euro was at 140.51 yen and $1.3789, compared with 140.44 yen and $1.3797 in New York.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140409/dollar-claws-back-some-losses-against-yen-asia" target="_blank">read more</a></p> Economics Macroeconomics Money AFP Wed, 09 Apr 2014 07:53:12 +0000 Agence France-Presse 6116922 at http://www.globalpost.com Asian shares mostly up, but yen sinks Tokyo http://www.globalpost.com/dispatch/news/afp/140409/asian-shares-mostly-yen-sinks-tokyo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Asia's markets mostly rose on Wednesday following a slight rebound on Wall Street but Tokyo took another hit as the yen rallied after the Bank of Japan said it would not extend its stimulus in the near future.</p> <p>Oil prices edged back a touch after surging on Tuesday on renewed fears about tensions in Ukraine while Australian shares were supported by a surge in retailer David Jones after it received a takeover offer valuing it at almost US$2 billion.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140409/asian-shares-mostly-yen-sinks-tokyo" target="_blank">read more</a></p> Business Economics Macroeconomics Money War AFP Wed, 09 Apr 2014 07:51:55 +0000 Agence France-Presse 6116908 at http://www.globalpost.com