Since the second world war, the US dollar has been the world’s hegemonic currency. It took over that role from the British pound. So it is not surprising that the story of the pound often looks like a memento mori, the skull that medieval rulers placed before them to remind themselves of the...
[read full story]
TOKYO, Aug 22 (Reuters) - Some Bank of Japan board members said the central bank needed to monitor the degree of slowdown in economies worldwide as this was starting to affect Japanese exports, minutes of the central bank's...
CHESAPEAKE, Va., Aug 21 (Reuters) - U.S. presidential candidate Barack Obama said on Thursday that high budget deficits were weighing on the value of the dollar because they must be financed through borrowing from overseas....
ASIAN MARKETS, STOCKS, SHARES, NIKKEI, KOSPI, SHANGHAI COMPOSITE, HANG SENG, STRAITS TIMES INDEX, SYDNEY, SEOUL Asian markets open the Friday session mixed, with energy shares benefiting from soaring oil prices, although...
Thursday proved to be another droopy day for health stocks, as news kept on the light side and investor sentiment continued to mimic the broader markets. The Nasdaq and Amex biotechnology indices were down 0.8% and 0.7%,...