The Bank of England slashed interest rates by half a percentage point on Wednesday and announced support for bank lending […]
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Yen Resumes Gains as Asian Equities Turn Lower in Afternoon Trade
The Japanese yen resumed gains against the U.S. dollar on Wednesday in Asia as equity markets turned lower in early […]
Yen’s March to 100 Seen Unstoppable Amid Rising Volatility
The yen’s elevated volatility is spurring talk of intervention. But the Bank of Japan may be powerless to halt the […]
Trump’s coronavirus stimulus is still evolving
U.S. President Donald Trump said he will ask Congress for a payroll tax cut and other “very major” stimulus moves […]
Alibaba’s Alipay to open app to more services to take on Meituan
Ant Financial, an affiliate of Chinese e-commerce giant Alibaba, will start allowing third-party vendors to offer services such as food […]
Trump surprised staff with promises of stimulating details
President Donald Trump surprised members of his administration by promising details of an economic package to be unveiled Tuesday in […]
Bank of Japan at risk as its stock portfolio on the verge of losses
The Bank of Japan may be close to losses on its 29 trillion yen stock portfolio, analysts say, raising concerns […]
South Korea restricts short sales, coronavirus takes action on economy
South Korea on Tuesday dramatically tightened rules on short-selling for three months, one day after its main equities board […]
U.S. Dollar Rises as Trump Readies “Very Substantial Relief”
The Japanese yen tumbled against the U.S. dollar following reports that President Donald Trump will soon announce easing measures to […]
Oil and coronavirus pose major risks
The dollar steadied somewhat on Tuesday after heavy losses against the yen, the euro and the Swiss franc, but traders […]
