Dollar hits six-year peak versus yen, ECB aims cash hose

LONDON - The dollar vaulted to a six-year peak against the yen on Friday as the Federal Reserve's outlook for rising interest rates underlined the diverging path between the United States and the rest of the rich world.

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As growth stalls, G20 seeks closure on regulations

SYDNEY - G20 host Australia is leading a push to draw a line under the global financial crisis, urging the group of top economies to swiftly finalize regulations aimed at preventing a repeat of the crash and focus on measures to revive sputtering global growth.

1:36am EDT

U.S. inflation surprisingly weak, Fed keeps low rates pledge

WASHINGTON - U.S. consumer prices fell for the first time in nearly 1-1/2 years in August and underlying inflation pressures were muted, which could lessen the urgency for the Federal Reserve to raise interest rates.

17 Sep 2014

ECB outlines new plan that will give more voting power to bigger states

FRANKFURT - The European Central Bank detailed plans on Thursday for changing the way the euro zone governors vote from next year, curbing smaller economies' potential influence in favor of big countries, like Germany.

5:41am EDT

Julius Baer CEO says any takeover of bank far off: Bloomberg

ZURICH - The head of Julius Baer, a rumored takeover target for larger rival Credit Suisse, said any purchase of the Swiss private bank was unlikely for the foreseeable future, Bloomberg News reported.

China's house prices fall further, economic gloom deepens

BEIJING/SHANGHAI - Worries that China's economy may be slowing further intensified on Thursday as data showed home prices fell for the fourth straight month, adding to expectations that Beijing will need to do more to stimulate activity.

6:12am EDT


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