Gold extended gains and rose to its strongest in a week on Wednesday as investors shifted out of equities after poor U.S. data sparked concerns about the health of the global economy.
The dollar hit an eight-month trough against the yen on Wednesday, crawling towards its lowest level since 1995, as weak U.S. data and talk of the Federal Reserve embarking on further policy easing pushed down Treasury yields.
The dollar hit multi-month lows against major currencies on Tuesday, hit by signs of mounting concern among U.S. policymakers about the pace of economic recovery, as technical factors kept the currency under selling pressure.
Japan's finance minister on Tuesday sidestepped questions about intervention to curb yen strength and said markets should determine exchange rates, prompting the currency to rise to an eight-month high against the dollar.
Proceeds from initial public offerings in July soared on a global basis, hitting their highest level since before the 2008 financial meltdown, according to Thomson Reuters data.
Lonely Planet, publisher of the popular travel guides, launched interactive e-books for the iPad on Monday for popular European destinations.
Fears the U.S. recovery is faltering drove the dollar to a three-month low on Monday against a basket of currencies while strong European earnings pushed sterling to a six-month high against the greenback.
MetLife Inc
said it plans to sell more than $3 billion of stock to help pay for its acquisition of the foreign life insurance business of American International Group, or about 50 percent more than it originally expected.
New car sales in Japan rose for the 11th straight month and South Korea's Hyundai Motor reported a double-digit rise in global sales in July, but a slowdown looked certain as government subsidies end and comparisons become difficult from the year before.
Fear that the U.S. recovery is faltering drove the dollar to a three-month low against a basket of currencies on Monday and the euro broke above $1.3125, a key technical level, to hit its highest since May.
What does it take to make it as a technology entrepreneur?
MetLife Inc lowered its estimate of how much of a boost it will get from acquiring Alico, the foreign life insurance business of AIG, and announced fund-raising plans to help pay for the deal.
A broad fall in the dollar has propelled the yen higher, bringing the Japanese currency within range of levels it has not traded at for 15 years and raising speculation whether even more gains will tempt Japanese authorities to intervene.
The dollar index hit a three-month low on Monday, hurt by worries that the U.S. economy's recovery is losing steam, while the high-yielding Australian dollar reached a three-month high, buoyed by a rise in equities.
Mitsubishi UFJ Financial Group <8306.T> plans to buy BNP Paribas' stake in a Chinese fund venture for $50 million, giving Japan's biggest bank access to China's $300 billion mutual funds market, two sources with direct knowledge of the deal said on Monday.
Asian stocks rose on Monday on strong corporate earnings and shrugged off news that Chinese manufacturing shrank in July amid investor hopes that the world's fastest growing major economy will expand strongly.
The dollar hovered near a three-month low against a basket of currencies on Monday and was seen stuck in a downtrend due to concerns that the U.S. economy's recovery was losing momentum.
The dollar has been hobbled by worries over the U.S. economy after a series of U.S. economic data in the past month undershot market expectations, and its slide has been exacerbated by some bearish signals on technical charts.
AT&T Inc and Verizon Wireless are planning a partnership to displace credit and debit cards by letting consumers pay with the contactless wave of a smartphone, Bloomberg News reported, citing three people with direct knowledge of the plan.
Employment, it turns out, may not be such a laggard after all.
With a series of auto makers announcing good sales and profits this week, palladium prices soared to new heights on Friday. Palladium settled up $22.50, or 4.8 percent, at $491.20 an ounce. Palladium and platinum, which also is higher, are used in making catalytic converters for cars.
The dollar hit a multi-month lows against the yen and Swiss franc on Friday as U.S. economic growth data showed growth in the world's largest economy is slowing and reinforced the view interest rates will remain low well into the next year.
China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.