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YOU ARE HERE:  Forex » News & Commentary » Associated Press

Asia stocks mostly higher after Japan data shows improvement

By KELVIN CHAN - AP - 16 mins ago
HONG KONG (AP) — Asian stock markets were mostly higher Friday after economic data suggested Japan is pulling out of recession while Chinese shares fell ahead of a manufacturing report. (full story)
PSX: 70.48 (+2.11), VLO: 52.08 (+0.57), RCL: 77.29 (-4.51), RTN: 102.00 (-2.57), COP: 62.82 (+0.24), TSN: 40.21 (+0.03)

Denmark cuts key interest rate to -0.5 percent

AP - Thu Jan 29, 9:50AM CST
COPENHAGEN, Denmark (AP) — Denmark's central bank has decided to cut its interest rate on certificates of deposit by 0.15 percentage points to -0.5 percent to keep the krone currency stable against the euro. (full story)

Stocks fade late as oil dips, Fed gives investors pause

By ALEX VEIGA - AP - Wed Jan 28, 4:50PM CST
Investors struggled to figure out a barrage of signals from the Federal Reserve, oil markets and Corporate America Wednesday, and stocks fell sharply for second straight day. (full story)
HES: 65.70 (-0.32), BA: 147.78 (+8.14), X: 23.07 (-0.51)

Fed is expected to remain 'patient' about a first rate hike

By MARTIN CRUTSINGER - AP - Wed Jan 28, 7:57AM CST
WASHINGTON (AP) — As the Federal Reserve ends its latest policy meeting Wednesday, it is widely expected to repeat the pledge it made in December: That it will be "patient" in raising interest rates from record lows. (full story)

China's yuan joins top 5 most-used global currencies

By JOE McDONALD - AP - Tue Jan 27, 10:49PM CST
BEIJING (AP) — China's yuan has become one of the five most widely used currencies in global payments, an international financial transactions agency announced Wednesday. (full story)

Asian stocks tumble after weak US corporate earnings

By JOE McDONALD - AP - Tue Jan 27, 9:31PM CST
BEIJING (AP) — Asian stock markets were mostly lower Wednesday after Wall Street tumbled on concern about weak corporate earnings as investors watched this week's meeting of the U.S. Federal Reserve. (full story)
JNJ: 102.38 (+0.90), MMM: 166.13 (+2.19), PFE: 31.83 (-0.12), DD: 72.71 (+1.00), WFC: 52.76 (+0.60), PG: 85.67 (+0.52), CAT: 80.00 (-0.01)

What the credit downgrade to 'junk' means for Russia

By NATALIYA VASILYEVA - AP - Tue Jan 27, 9:38AM CST
MOSCOW (AP) — Russia has seen its credit grade cut to "junk" status for the first time in over a decade, a big blow for a country that wants to be a world economic power. (full story)

Asia stocks mostly higher as initial Greek jitters ease

By YURI KAGEYAMA - AP - Mon Jan 26, 9:58PM CST
TOKYO (AP) — Asian stocks were mostly higher Tuesday as markets calmed from initial jitters over Greece's election result, with Tokyo shares making a significant rebound, cheered by the cheap yen. (full story)
RKT: 65.47 (+0.22), MAT: 26.90 (-0.09), WDC: 101.06 (+1.23)

Eurozone looks for dialogue after stunning Greece elections

By RAF CASERT and PAN PYLAS - AP - Mon Jan 26, 4:19PM CST
BRUSSELS (AP) — For a man long seen as the eurozone's worst nightmare, Alexis Tsipras has had a smooth first day as prime minister of Greece. (full story)

Low inflation likely to keep Fed 'patient' about a rate hike

By MARTIN CRUTSINGER - AP - Mon Jan 26, 11:46AM CST
WASHINGTON (AP) — The Federal Reserve ended 2014 with a pledge to be "patient" in raising interest rates from record lows. The way things are going, its patience may endure for a long while. (full story)

Greek radical left wins election, threatening market turmoil

By ELENA BECATOROS, NICHOLAS PAPHITIS and DEMETRIS NELLAS - AP - Sun Jan 25, 8:40PM CST
ATHENS, Greece (AP) — A radical left-wing party vowing to end Greece's painful austerity program won a historic victory in Sunday's parliamentary elections, setting up a showdown with the country's international creditors that could shake the eurozone. (full story)

Romanians protest Swiss franc loans repayments

AP - Sun Jan 25, 11:27AM CST
BUCHAREST, Romania (AP) — Hundreds of people have protested in Romania against high repayments for Swiss franc loans, blaming the banks for offering deceptively cheap loans and calling on the government to regulate hard currency loans. (full story)

Global economy hopes raised after European stimulus

By PAN PYLAS - AP - Sat Jan 24, 1:43PM CST
DAVOS, Switzerland (AP) — The global economic outlook just got brighter after this week's big stimulus from the European Central Bank, leading policymakers from around the world said Saturday. (full story)

Stocks fall, snapping 4-day winning streak; UPS slumps

By STEVE ROTHWELL - AP - Fri Jan 23, 4:29PM CST
NEW YORK (AP) — A batch of mixed earnings reports Friday helped push the stock market to its first day of losses this week. (full story)
SBUX: 89.05 (+1.48), WFC: 52.76 (+0.60)

ECB has done its part. Now, these 5 things need to happen

By PAUL WISEMAN - AP - Fri Jan 23, 2:21AM CST
WASHINGTON (AP) — What now? (full story)

Asian stock markets boosted by ECB stimulus plan

By YURI KAGEYAMA - AP - Thu Jan 22, 10:13PM CST
TOKYO (AP) — Asian stocks zoomed higher Friday, boosted by the European Central Bank's stimulus announcement, a long awaited move that also set off gains in Europe and on Wall Street. (full story)
JNJ: 102.38 (+0.90), UNP: 120.09 (+0.94), LUV: 46.99 (+1.19)

Euro plunges, but European brands are not on sale in US

By SCOTT MAYEROWITZ and ANNE D'INNOCENZIO - AP - Thu Jan 22, 6:48PM CST
NEW YORK (AP) — Americans hoping to save on European goods thanks to a falling euro shouldn't rush to uncork that bottle of French Bordeaux. There's very little to celebrate. (full story)

DAVOS WATCH: Merkel upstaged, more protests, currency wars

By The Associated Press - AP - Thu Jan 22, 5:10PM CST
DAVOS, Switzerland (AP) — The World Economic Forum held in the Swiss ski resort of Davos has the official goal of "improving the state of the world." In practice, it's a massive networking event that brings together 2,500 heads of state, business leaders, philanthropists and artists. (full story)

Business Highlights

By The Associated Press - AP - Thu Jan 22, 5:02PM CST
___ (full story)
JPM: 55.67 (+0.92), GM: 33.16 (+0.32), WFC: 52.76 (+0.60)

ECB unleashes its most aggressive effort to revive economy

By DAVID McHUGH - AP - Thu Jan 22, 4:23PM CST
FRANKFURT, Germany (AP) — Europe's ailing economy will get a major dose of stimulus from the European Central Bank — a bond buying program designed to make loans and exports cheaper so companies can hire and expand. (full story)
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