Euro at two-year high, Asian shares barely budge Euro at two-year high, Asian shares barely budge: The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn, while a solid […]

Wall Street at new highs as tech breaches dot-com era record Wall Street at new highs as tech breaches dot-com era record: The major U.S. stock indexes closed at record highs on Wednesday helped partly by technology stocks, which surpassed a long-standing mark, despite gains on the Dow being capped […]

Morgan Stanley claims another trading victory over rival Goldman Sachs Morgan Stanley claims another trading victory over rival Goldman Sachs: Morgan Stanley beat Wall Street’s profit expectations on Wednesday, reporting gains across most of its businesses and producing more trading revenue than rival Goldman Sachs Group Inc, a rare feat. […]

AmEx profit dips as it splurges on customer rewards AmEx profit dips as it splurges on customer rewards : American Express Co’s profit declined 33 percent in the second quarter, hurt partly by higher expenses, as the card company spent heavily on rewards to woo customers amid intense competition from […]

U.S. banks pay up for big deposits as consumers get pennies U.S. banks pay up for big deposits as consumers get pennies : Big U.S. banks are starting to pay corporations, financial firms and rich people more to hold on to their deposits, but ordinary consumers will have to wait […]

Dollar weakness, China cheer lift Asia stocks, commodities Dollar weakness, China cheer lift Asia stocks, commodities :  The dollar huddled near multi-month lows on Wednesday as investors wagered any further tightening in the United States would be slow at best, while optimism on China’s economy underpinned Asian shares and commodities. […]

Canada, Mexico to discuss how to handle NAFTA talks: sources Canadian and Mexican officials will meet on Wednesday to discuss how to handle negotiations on NAFTA, two well-placed sources said on Tuesday, as a top Canadian diplomat hinted at a potential clash with Washington. The working-level talks are scheduled to […]

Trump seeks crackdown on ‘Made in America’ fakes U.S. President Donald Trump is looking for ways to defend American-made products by certifying legitimate U.S. goods and aggressively going after imported products unfairly sporting the “Made in America” label, the White House said on Tuesday. Trump, who campaigned on reviving the […]

Trump agenda hitch weighs on dollar, Treasury yields A fresh setback to U.S. President Donald Trump’s domestic agenda on Tuesday wounded an already-limping U.S. dollar and deflated U.S. Treasury yields. The collapse of his fellow Republicans’ push to overhaul or repeal Obamacare in the U.S. Senate again raised doubts in […]