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US stops short of branding Vietnam, Switzerland, Taiwan currency manipulators

The U.S. Treasury Department on Friday said Vietnam, Switzerland and Taiwan tripped its thresholds for possible currency manipulation under a 2015 U.S. trade law, but refrained from formally branding them as manipulators. In the first semi-annual foreign ...

Crypto Craze Fuels Dogecoin Rise From Joke to $50 Billion

While Coinbase Global Inc. captured the headlines with its market debut, the frenzy around digital tokens is taking its zaniest turn yet in the price of a token created as a joke. Dogecoin, boosted by the likes of Elon Musk and Mark Cuban, rallied roughly 180% ...

Take Five: ECB, earnings and geopolitical escalations

1/ ECB DAY. The European Central Bank meets on Thursday and will likely be pressed on signs of divisions over the future pace of bond purchases, which have been stepped up recently to prevent a rise in borrowing costs from derailing the recovery.

Archegos Losses Mount With Morgan Stanley Taking a $900 Million Hit: Live Updates

The New York Times

The New York Times

Mercedes unveils an electric version of its S-Class that goes farther than a Tesla. Stocks climb to new highs after upbeat data on the economy and company earnings.

Turkey bans crypto payments citing risks, hits Bitcoin price

Turkey's central bank banned the use of cryptocurrencies and crypto assets to purchase goods and services, citing possible "irreparable" damage and significant transaction risks in a move that cooled global bitcoin prices. In legislation published in the Official ...

Dollar heads for second weekly loss on Fed's lower-for-longer stance

LONDON (Reuters) - The dollar headed for its worst back-to-back weekly drop this year amid an extended retreat in Treasury yields as investors increasingly bought into the Federal Reserve's insistence of keeping an accommodative policy stance for a while ...

US stops short of branding Vietnam, Switzerland, Taiwan currency manipulators

WASHINGTON (Reuters) -The U.S. Treasury Department on Friday said Vietnam, Switzerland and Taiwan tripped its thresholds for possible currency manipulation under a 2015 U.S. trade law, but refrained from formally branding them as manipulators.

Dollar at 4-week low on retreating Treasury yields

NEW YORK (Reuters) -The dollar fell to a four-week low against a basket of currencies on Friday, still smarting from a sharp drop in U.S. Treasury yields the previous session, and as investors increasingly bought into the Federal Reserve's insistence it would ...

Citi Retreat Highlights Global Banks' Struggle in China, India

Citigroup Inc.'s plan to exit its retail business in China and India underscores the frustrating battle for market share international banks face in two of Asia's largest economies despite plowing in billions of dollars over the past decade. Increased rivalry from ...

Oil climbs to four-week high on strong China data, demand revival

Oil prices extended gains on Friday and were on course for a weekly gain of about 7% with an improved oil demand outlook and strong economic recoveries in China and the United States offsetting concerns about spikes in COVID-19 infections. Brent crude ...