Dollar momentum wanes, China stocks take heavy tumble

LONDON - The dollar took a breather on Thursday after hitting its highest level against the yen since 2002, and stocks stuttered as high-flying Chinese shares tumbled and European officials downplayed talk of an imminent deal to keep Greece afloat.

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Star managers battered by rocky ride in yields, currencies

NEW YORK - Some of the biggest names in the investment world have been whipsawed by the recent rise in global yields and the strength in the euro against the dollar, with investors bracing for more sharp moves later this year stemming from central bank actions.

1:15am EDT

China markets plunge in record turnover as margin traders take fright

SHANGHAI - China's stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity.

5:45am EDT

Japan April retail sales rebound, ease pressure on BOJ

TOKYO - Japan's retail sales rebounded modestly in the year to April after three straight months of falls, bolstering the central bank's case that consumer spending is reviving to underpin a steady economic recovery. | Video

3:47am EDT

ECB's Nowotny says no to loosening funding for Greece now

FRANKFURT - A European Central Bank policymaker played down the prospects for an immediate loosening of funding for cash-strapped Greece, saying that when it came to accepting the country's bonds as security for central bank credit, the answer remained no.

3:12am EDT

Airbus exec says jet market could absorb over 60 A320s a month

TOULOUSE - Planemaker Airbus hinted at further production increases in its popular A320 series on Thursday, saying market demand would justify a leap to "more than 60 aircraft" a month.

5:44am EDT


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