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The greenback rose above ¥80 and hit its highest level since July.
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It used to be so simple. Developed-country government bonds were risk-free, while corporate bonds carried credit risk to varying degrees. The euro-zone crisis has exposed that assumption to be false.
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Robert Friedland, CEO of Ivanhoe Mines and one of the sector's most colorful moguls, is on the defensive in a squabble with industry giant Rio Tinto over a massive Mongolian copper-and-gold project.
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SEC Chairman Schapiro said she is worried about the role of high-frequency traders in the stock market and hinted at new policies aimed at curbing frenetic market activity.
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Stocks faltered for the first day in four amid caution on the European economy and uncertainty about the implementation of Greece's debt deal.
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Greece braced for further anti-austerity protests while the country's parliament was debating legal changes that would clear the way for a debt restructuring.
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U.S. and European benchmark oil prices rose to fresh nine-month highs amid rising tensions over what the West says is Iran's efforts to build a nuclear weapon.
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According to a key historical measure, rates should be even lower. The wide spread between mortgage rates and mortgage-backed bonds suggests the gears of the banking system are gummed up.
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Citigroup is facing a multibillion-dollar write-down as it begins unwinding its minority investment in the Morgan Stanley Smith Barney brokerage.
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A sale of new German two-year note attracted solid demand, as a bounce in yields from historic lows encouraged those seeking safe-haven investments.
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One of South Beach's developers is creating a new shopping district in hopes of taking on Bal Harbour Shops, long the top draw for Miami's big spenders.
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Some of the busiest corners of the multitrillion-dollar-a-day foreign-exchange market are a lot quieter these days.
