| Jul 17, 2015

Dollar stuck around ¥124 in Tokyo

The dollar was trapped in a narrow range around ¥124 in Tokyo trading on Friday, due chiefly to a wait-and-see mood before a three-day holiday through Monday in Japan. At 5 p.m., the dollar stood at ¥124.00-01, up slightly from ¥123.94-94 at the same ...

Cameron tells EU new terms needed

Jun 26, 2015

Cameron tells EU new terms needed

British Prime Minister David Cameron told European Union leaders Thursday he needs a new deal to keep Britain as a member, opening a struggle over the bloc’s future at a summit preoccupied with keeping Greece from crashing out. Freshly re-elected last month, Cameron faces ...

Jun 18, 2015

U.S. to put woman on new $10 bill

The U.S. will put the image of a woman on an American banknote for the first time in over a century, breaking the lock that white male political heroes have on the greenback. The U.S. Treasury announced Thursday that a yet-unchosen woman, likely “a ...

Count the zeroes: Zimbabwe allows old bank note exchange

Jun 13, 2015

Count the zeroes: Zimbabwe allows old bank note exchange

Zimbabwe’s central bank says bank notes from its old currency, which collapsed and was discarded years ago because of runaway inflation, can be exchanged for American dollars. But 100 trillion Zimbabwean dollars will fetch only 40 U.S. cents. That’s a fraction of what collectors ...

May 26, 2015

China's yuan currency 'no longer undervalued': IMF

China’s yuan currency, which Washington has long alleged was manipulated, is “no longer undervalued,” the International Monetary Fund said Tuesday. “Our assessment now is that the substantial real effective appreciation over the past year has brought the exchange rate to a level that is ...