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  • A dealer displays gold pendants at a jewellery shop near the Grand Mosque during the annual Haj pilgrimage in Mecca
    Gold edges up as Yellen comments shore up dollar Reuters - 10 hours ago

    Gold edged lower on Monday as the dollar strengthened to a one-month high on signs the Federal Reserve is readying to raise interest rates for the first time in six years in 2015.

    A dealer displays gold pendants at a jewellery shop near the Grand Mosque during the annual Haj pilgrimage in Mecca

    Gold edged lower on Monday as the dollar strengthened to a one-month high on signs the Federal Reserve is readying to raise interest rates for the first time in six years in 2015.

  • Oil prices gain as firm demand outweighs dollar strength Reuters - 11 hours ago

    By Nia Williams CALGARY, Alberta (Reuters) - Crude oil futures rose on Monday as firm global demand offset a strong dollar, although a holiday in the United States and much of Europe kept trading muted. …

    Pump Jacks are seen at sunrise near Bakersfield

    By Nia Williams CALGARY, Alberta (Reuters) - Crude oil futures rose on Monday as firm global demand offset a strong dollar, although a holiday in the United States and much of Europe kept trading muted. Front-month Brent crude gained 53 cents to $65.90 a barrel by 1750 GMT, after touching an intraday low of $64.72. U.S. …

  • China's Li looks to boost use of yuan in Latin America Reuters - 12 hours ago

    Chile's central bank has entered into a three-year currency swap with the People's Bank of China to boost trade links, and the two are also clearing a path for the use of the Chinese yuan in the South …

    Li speaks during the Indonesia-China Economic Cooperation Forum at the Great Hall of the People in Beijing

    Chile's central bank has entered into a three-year currency swap with the People's Bank of China to boost trade links, and the two are also clearing a path for the use of the Chinese yuan in the South American country, the two banks said on Monday.

  • Greece says wants to make debt payments but needs aid urgently Reuters - 15 hours ago

    Greece intends to make good on its debt obligations but needs aid urgently to be able to do so, the government said on Monday, after several senior officials insisted Athens had no money to pay a loan …

    A Greek national flag flutters next to a statue of ancient Greek goddess Athena, in Athens

    Greece intends to make good on its debt obligations but needs aid urgently to be able to do so, the government said on Monday, after several senior officials insisted Athens had no money to pay a loan instalment falling due next week.

  • AfDB sees Africa's GDP growth nearing pre-crisis levels Reuters - 15 hours ago

    African economies will grow 4.5 percent this year and 5 percent in 2016 due to rising demand for exports, the highest levels since the global economic crisis took hold in 2007, the African Development …

    Employees work in the new Renault factory in Oran, west of Algiers

    African economies will grow 4.5 percent this year and 5 percent in 2016 due to rising demand for exports, the highest levels since the global economic crisis took hold in 2007, the African Development Bank (AfDB) said.

  • Regulation should be main tool against bubbles: Fed's Mester Reuters - 16 hours ago

    Central bankers should be aware of the potentially destabilizing effects of super-easy policy on financial systems, a top U.S. Federal Reserve official said on Monday, even if monetary policy should not …

    Cleveland Federal Reserve President and CEO Loretta Mester gives her keynote address at the 2014 Financial Stability Conference in Washington

    Central bankers should be aware of the potentially destabilizing effects of super-easy policy on financial systems, a top U.S. Federal Reserve official said on Monday, even if monetary policy should not be used as a main tool to prevent bubbles.

  • Global markets mostly higher with Wall Street, London closed for holidays The Canadian Press - 19 hours ago

    Asian stocks were mostly higher Monday on a quiet trading day with Hong Kong, Wall Street and London closed for holidays.

    Investors cut US stocks to sub-prime crisis lows

    Asian stocks were mostly higher Monday on a quiet trading day with Hong Kong, Wall Street and London closed for holidays.

  • European shares dip, dollar gains after Yellen comments Reuters - 20 hours ago

    European shares fell in thin trade on Monday while the dollar held firm after U.S. Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year.

    Traders work at their screens at the stock exchange in Frankfurt

    European shares fell in thin trade on Monday while the dollar held firm after U.S. Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year.

  • Greek PM says on final stretch toward deal with lenders Reuters - Sat, 23 May, 2015 9:35 AM EDT

    By George Georgiopoulos ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras said on Saturday his government was on the final stretch of negotiations with its international lenders on a cash-for-reforms …

    Greek PM Tsipras delivers a speech at the annual conference of the Hellenic Federation of Enterprises in Athens

    By George Georgiopoulos ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras said on Saturday his government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve further pension cuts and harsh austerity. After four months of talks with its euro zone …

  • Ireland threatens to penalise banks unless mortgage rates cut Reuters - Fri, 22 May, 2015 9:38 AM EDT

    Ireland is considering penalizing Irish banks if they don't cut mortgage rates deemed too high by the government in coming weeks.

    Ireland's Finance Minister Noonan at his office in central Dublin

    Ireland is considering penalizing Irish banks if they don't cut mortgage rates deemed too high by the government in coming weeks.