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US Jobless Claims Hit Three-Month Low

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THE number of Americans filing for unemployment benefits unexpectedly fell last week, hitting a three-month low as the labor market continues to gather momentum. Initial claims...

US Posts $6bn Budget Surplus In June

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THE United States federal government posted a budget surplus of $6 billion in June, compared with a surplus of $50 billion in the same month a...

Dollar Rises As World Stock Markets Hold Steady

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THE United States dollar rose on Friday while world stock markets were steady, as investors braced for the likelihood of a hike in US interest...

Dollar Dips From Two-Week High, Stocks In The Red

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THE dollar fell on Wednesday, succumbing to a bout of profit-taking after hitting a two-week high the previous day, while European stocks also put a...

Yen Falls After Tokyo Warning

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THE dollar hit a 10-day high against the yen on Monday after Japan's finance minister said outright that Tokyo was ready to intervene in the...