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Friday, May 22, 2015
The U.S. dollar edged down Thursday after minutes from the U.S. Federal Reserve's last policy meeting all but ruled out a June interest rate hike.
Thursday, May 21, 2015
U.S. regulators on Wednesday fined Swiss bank UBS US$342 million for manipulation of foreign exchange markets, as other global lenders prepared for even larger penalties.
The U.S. panel created to prevent a repeat of the 2008 financial crisis said Tuesday that banks and other financial institutions are stronger now but regulators must remain alert to new risks including the danger posed from cyberattack.
Asian stocks rose Wednesday, boosted by strength in the dollar, but European markets fell and Wall Street futures were flat ahead of the release of minutes from the Federal Reserve's last policy meeting.
Oil prices rebounded in Asia Wednesday following steep losses in the previous session, but analysts said gains were capped by a strong dollar and persistent concerns about a global supply glut.
The dollar extended its gains on Wednesday after getting a boost from strong housing data and expectations for more European central bank stimulus.
Wednesday, May 20, 2015
WTO rejects country of origin labels on meat
Labels on packaged steaks and other cuts of red meat in the United States that say where the animals were born, raised and slaughtered will have to be dropped or revised after a World Trade Organization ruling Monday.
Greenback making presence felt globally
For Americans, there are cheaper vacations in Europe and lower-priced imports. A Chinese factory is selling fewer goods in Europe. A U.S. toymaker's exports are being squeezed. A German winery says overseas demand is up.
Only a fourth of the world's workforce have stable contracts, leading to growing job insecurity, a U.N. report said Tuesday.
Global stock markets were boosted Tuesday by Greece's declaration of progress in bailout talks and a new high on Wall Street as investors looked ahead to U.S. and European inflation data.
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