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The case for raising interest rates was “some way from being made”, he added.

The dollar was around 0.1% higher against Japan’s yen, at Yen120.55.

The USA dollar traded a touch higher against major world currencies, with the euro below $1.14 and the yen at 119.8 yen against the greenback. Investors are concerned with when the interest rate hike could come, as it will be the first in almost a decade following the Great...

The unemployment barometer would continue to worsen, peaking at 10.5 percent in October 2009 – and languishing in that vicinity until December 2010 – before starting a snail’s pace trend downward. It is down from 6 % in Jul. He stated the speed dropped as...

In early US trading, the Dow Jones industrial average fell 10.79 points, or 0.06 per cent, to 16,729.16, the S&P 500 declined 0.2 points, or 0.01 per cent, to 1,995.11 and the Nasdaq Composite shed 8.01 points, or 0.16 percent, to 4,897.24.

“We can only assume the violent moves we’ll see if the Fed actually raises rates”, Boockvar said.

The use of position limits may be expanded to other contracts if upcoming legislation requires them, the exchange added in a statement. So the Fed needs other tools to influence rates. Markets are also split on what a rate move might mean for markets. He says that the outlook for...

In Britain, while this year’s moves in oil returned headline inflation to zero, there was nothing in those numbers to further undermine expectations that the Bank of England will follow the Federal Reserve in raising interest rates next year.

In comparison, the benchmark Shanghai Composite index finished down by a smaller 2.67%.

Angry Chinese authorities have seized up to 1 trillion yuan ($157 billion) from local governments who failed to use their budget allocations, Reuters reported on Monday, quoting sources.

While analysts, economists and investors are eagerly waiting to see whether the Federal Reserve raises interest rates after its meeting later this week, Appelbaum drove into the mechanics of how such a rate hike would work in this weekend’s paper.

US Federal Reserve vice-chairman Stanley Fischer joined the European Central Bank vice-president Vitor Constancio and Bank of England governor Mark Carney on Saturday on a panel at the Kansas City Fed’s annual retreat in Jackson Hole, Wyoming, dedicated to discussing...

US gold for December delivery rose half a percent to $1,138.30 an ounce.

The sell-off adds to what has been a hard few weeks for United States and worldwide markets.

ASIA’S DAY: The Shanghai Composite Index posted its first gain in six days, bouncing back from losses that triggered worldwide selling and wiped almost 23 percent off its value over the past week.