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The yen fell to six-month lows on the greenback on Monday, while commodity currencies jumped after China’s central bank joined other major counterparts globally in stimulating growth. The dollar [JPY= 79.42 -0.19 (-0.24%) ] jumped to 79.65, surpassing the October peak around 79.55 scaled after Japanese authorities intervened in markets to weaken their currency. It [...]

Moody’s warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign that the impact of the euro zone government debt crisis is spreading throughout the global financial system. The U.S. rating agency said its action on financial institutions from 16 European nations reflected the impact [...]

Resolving the Greek sovereign-debt crisis is crucial to avoiding contagion in Europe, said Deutsche Bank AG (DBK) Chief Executive Officer Josef Ackermann, as private bondholders met Prime Minister Lucas Papademos to seek an accord to cut the nation’s borrowings. “I’m confident that we can get our act together in Greece and avoid a major contagion, [...]

On the official second day of the World Economic Forum here in Davos, I have just interviewed Baudouin Prot, the chairman of BNP Paribas, the huge French bank which is seen as one of Europe’s stronger banks. He had two or three pretty interesting claims to make – though I should say at the outset [...]

The cost of living in the U.S. was probably little changed in November as gasoline prices dropped, a sign inflation remains in check, economists said before a report today. The consumer-price index increased 0.1 percent last month after falling 0.1 percent in October, according to the median forecast of 82 economists surveyed by Bloomberg News. [...]

Fitch Ratings, the third-biggest of the major credit rating agencies, downgraded seven global banks based in Europe and the United States, citing “increased challenges” in the financial markets. Fitch cut long-term ratings on Barclays [BARC.L 172.80 2.30 (+1.35%) ] and Credit Suisse [CSGN.VX 21.57 -0.32 (-1.46%) ] by two notches to ‘A’ from ‘AA-.’ The [...]

The euro could be headed for a long slide—and possibly take stocks and commodities down with it. The single currency has lost ground rapidly since it became clear Europe has no grand plan to stop the sovereign debt crisis. It tumbled Tuesday to the 1.30 range, its lowest level in 11 months and a key [...]

A projected gain in U.S. payrolls in September was probably too small to bring down the unemployment rate as concern mounted that the global recovery was losing momentum, economists said before a report today. Employment climbed by 55,000 workers after no change in August, according to the median forecast of 91 economists surveyed by Bloomberg [...]

Manufacturing in the U.S. probably expanded in September at the slowest pace in more than two years as the economic recovery showed signs of stalling, economists said before a report today. The Institute for Supply Management’s factory index was little changed at 50.3 last month from 50.6 in August, according to the median forecast in [...]