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US Jobless Claims Hit Three-Month Low

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

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

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

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

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...